Free Republic

One couple's gold find could mean a jackpot for the IRS. The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not. The San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered. "If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove),...

EXCLUSIVE: The recent theft of massive amounts of highly sensitive U.S. military equipment from Libya is far worse than previously thought, Fox News has learned, with raiders swiping hundreds of weapons that are now in the hands of militia groups aligned with terror organizations and the Muslim Brotherhood. The equipment, as Fox News previously reported, was used for training in Libya by U.S. Special Forces. The training team, which was funded by the Pentagon, has since been pulled, partly in response to the overnight raids last August. According to State Department and military sources, dozens of highly armored vehicles called...

White House Press Secretary Jay Carney faced pressure to explain Monday why President Obama has made no public plans to meet one on one with world leaders on the sidelines of the U.N. General Assembly. Asked repeatedly at the briefing about the president's plans, Carney said that Obama likely would run into foreign leaders at a reception Monday evening and continues to stay in contact with them. He urged Americans to tune in to the president's U.N. speech on Tuesday. "The president's obviously got a busy schedule. He has a busy schedule all the time," Carney said at one point....