Trump administration eases corporate taxes after exiting global agreement
Earlier this summer, the Trump administration effectively distanced the U.S. from global minimum business tax agreements by entering into contracts with a group of seven major economies. This move allows the U.S. to maintain its corporate minimum taxes without directly conforming to international guidelines. This decision led to the establishment of a “side-by-side” system for […]
Trump states that the US and India are still discussing a trade agreement.
Just under two weeks after the U.S. president imposed tariffs on India for purchasing Russian oil, negotiations between the U.S. and India regarding the trade deal are set to continue. On Tuesday, Trump took to Truth Social to express his regard for Indian Prime Minister Narendra Modi, referring to him as “a very good friend” […]
White House indicates agreement with DC regarding spending limits
On Tuesday, White House officials submitted an 18-page list of requests to Congress as part of a funding agreement that needs approval by September 30 to prevent government shutdowns. Interestingly, the administration proposed lifting the spending cap placed on the District of Columbia as part of a funding halt agreed upon in March. A resolution […]
Norfolk Southern is prioritizing Amtrak trains above freight trains, according to the DOJ.
DOJ Settles with Norfolk Southern Over Amtrak Delays On Tuesday, the Department of Justice announced a settlement involving the Trump administration and Norfolk Southern regarding delays that allegedly favored freight trains over Amtrak’s Crescent route. This agreement aims to address claims that Amtrak’s passenger trains were being delayed due to federal law allowing freight prioritization. […]
Speaker Johnson supports a traditional conference for three funding bills before the shutdown.
Speaker Johnson Advocates for Traditional Meetings to Avoid Government Shutdown Speaker Mike Johnson (R-La.) is promoting the idea of “old school meetings” to facilitate the approval of up to three government funding bills. This initiative comes as the top Republican budgeters in the House indicate that they might be nearing a deal that aligns with […]
US recorded 911K fewer jobs in the past year than initially estimated.
Recent data indicates that the U.S. economy added approximately 911,000 jobs over the 12 months leading up to March. This information was shared by the Bureau of Labor Statistics (BLS) on Tuesday. In a much-anticipated update regarding employment figures, the BLS revealed that there has been a nearly one million job overstatement since March 2024, […]
Here are the 10 jobs expected to grow the quickest in the next ten years.
Even though job growth seems to be slowing in many sectors, the healthcare field is likely to keep thriving in the coming years. According to a recent forecast from the Labor Statistics Bureau, jobs in Healthcare and Social Aid are expected to account for nearly 40% of total employment growth over the next decade, adding […]
5 key aspects to follow as the Senate intensifies efforts on cryptocurrency legislation
The Senate is ramping up its efforts to create legislation focused on surveillance in the cryptocurrency market, specifically through the Digital Assets Act. However, the path ahead isn’t expected to be straightforward, particularly due to lingering questions surrounding President Trump’s activities in crypto trading. Here are five key points to keep in mind. What is […]
Pressure increases on Republican leaders to continue ObamaCare support
Pressure is mounting on House Speaker Mike Johnson (R-La.) from various GOP members to extend the expired tax credit from the Care Act. Many rank-and-file Republicans are urging the leader to ensure these popular benefits don’t lapse at the year’s end. Recently, 11 GOP lawmakers have supported a plan that would prolong the tax credits […]
Senate Democrats present plan for cryptocurrency market regulation bill
Senate Democrats Outline Principles for Cryptocurrency Regulation On Tuesday, Senate Democrats laid out key principles for a bill designed to govern cryptocurrency markets. This framework, proposed by Ruben Gallego (D-Ariz.), Mark Warner (D-Va.), Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), among others supportive of cryptocurrency, addresses the fundamental issues related to market structure laws. In a […]