Despite economists' concerns, President Trump's aggressive tariff strategy is yielding unexpected wins. By setting high initial tariff threats, subsequent negotiated rates, like the 15% on Japanese goods (up from 10%), appear as victories, boosting market confidence. While the long-term effects remain uncertain, short-term market reactions are positive, fueled...
President Trump suggested eliminating capital gains taxes on home sales, prompting Rep. Marjorie Taylor Greene's support. This could impact homeowners exceeding the $250,000 (single) or $500,000 (joint) exemption thresholds. Currently, those exceeding these limits pay long-term capital gains tax, the rate depending on income. A recent study...
The State Department has launched an investigation into Harvard University's compliance with the J-1 visa program for international students. This follows previous attempts by the Trump administration to restrict Harvard's enrollment of foreign students, including a revoked certification and a proclamation seeking to limit student entry. The investigation...
Lawmakers are demanding the release of Zia, an Afghan interpreter who aided US troops, after his arrest by ICE agents during a green card appointment. Zia, who entered the US legally, was detained despite having no criminal record. While Homeland Security cites a "serious criminal allegation," lawmakers call...
Republican Senators, alarmed by the Trump administration's freeze on $6 billion in federal education funding, are urging Education Secretary Linda McMahon to intervene. Senators Murkowski and Hoeven highlight the potential for school closures and workforce impacts in Alaska and North Dakota due to the funding pause. While over...
German Foreign Minister Johann Wadephul criticized Ukrainian President Zelenskyy's recent legislation placing anti-corruption bodies under the prosecutor general's control. Wadephul stated this move hinders Ukraine's EU aspirations. The decision has sparked protests in Ukraine, the first widespread anti-government demonstrations since the Russian invasion. Zelenskyy, while acknowledging public concerns,...
The UK government has implemented the world's first sanctions regime targeting individuals facilitating illegal immigration, regardless of their location. Those sanctioned face asset freezes, UK financial system exclusion, and travel bans. The initial sanctions target various actors, from boat suppliers and document forgers to gang leaders and payment...
Senate Minority Leader Chuck Schumer is strategizing to avoid a repeat of the March government funding fight that caused intra-party divisions. He's engaging in early discussions with House Democrats and working to prevent a government shutdown. While some Democrats want a firm commitment from Republicans against rescinding funds,...
Newly released videos purportedly show overcrowded and unsanitary conditions in a New York City federal building used to detain migrants. The footage, obtained by ABC News and shared by a detainee, depicts individuals lying on the floor and using toilets separated only by a low wall. While DHS...
Republican infighting over President Trump's alleged ties to Jeffrey Epstein led House Speaker Mike Johnson to call an early recess, avoiding a vote on releasing Epstein-related files. Democrats accused Republicans of dodging the vote. Meanwhile, Congress will subpoena Ghislaine Maxwell. Other news includes Trump's claims about CBS airtime,...
