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With Gaetz dropping out, do Hegseth, RFK Jr. and Gabbard now have bigger targets on their backs?

Former Rep. Matt Gaetz's withdrawal from President-elect Trump's attorney general nomination amid controversy surrounding sex-trafficking allegations poses a problem for other controversial presidential nominations. There is a possibility. Gaetz withdrew his name from consideration Thursday as President Trump's pick for defense secretary, Pete Hegseth, was finishing up a meeting with senators at the Capitol. Hegseth, […]

IRS announces bigger estate and gift tax exemption for 2025 – CNBC

The Internal Revenue Service announced increases in inheritance and gift tax exemptions for 2025. “Basic deduction amount” Increased to $13.99 million The agency announced Tuesday that the amount will increase from $13.61 million per person in 2024 to $13.61 million in 2025. This exemption applies to tax-free transfers during life and at death. The IRS […]

Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut

U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]