On the heels of a massive publicity push, families have signed up about 3 million kids for Trump accounts, according to the U.S. Department of the Treasury — well ahead of the July launch date. The “free money” is likely a major incentive. The federal government has said it will make a one-time $1,000 contribution … Read more
The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled 6-3 in the long-awaited decision. The ruling is a massive … Read more
Customers at a Ford dealership in Richmond, California, April 16, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — The strength of the U.S. automotive industry will face an early test this spring that has nothing to do with cars or trucks. With tax season starting, industry experts are projecting that some Americans, … Read more
The Supreme Court in Washington, Jan. 27, 2026. Al Drago | Bloomberg | Getty Images The Supreme Court may decide the fate of President Donald Trump’s tariff agenda as soon as Friday — and the ruling has implications for consumers’ wallets, according to economists. If the high court were to rule that certain tariffs are … Read more
US President Donald Trump listens during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on Jan. 29, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump, his two eldest sons and his family business sued the Internal Revenue Service and the U.S. Treasury Department over alleged leaks … Read more
The U.S. government is on the brink of a partial shutdown beginning at 12:01 a.m. ET Saturday in large part because of a second recent killing of a U.S. citizen by federal agents in Minneapolis. It would be different than last year’s shutdown. The killing of Alex Pretti, a 37-year-old intensive care nurse, has galvanized … Read more
Treasury Secretary Scott Bessent on Monday said he had canceled all Treasury Department contracts with the consulting firm Booz Allen Hamilton, whose employee leaked the tax records of President Donald Trump, and the billionaires Jeff Bezos and Elon Musk, to media outlets. Booz Allen Hamilton’s stock price dropped by more than 10% on the heels … Read more
Yellow Dog Productions | The Image Bank | Getty Images If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump’s “big beautiful bill” could affect your savings, financial experts say. Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with … Read more
West Virginia Gov. Jim Justice holds up his dog Babydog as he comes to the end of his State of the State speech in the House chambers, at the West Virginia State Capitol in Charleston, W.Va., Thursday, Jan. 27, 2022. Chris Dorst | Charleston Gazette | AP The U.S. government on Monday sued Sen. Jim … Read more
With year-end approaching, it’s a good time to make sure your tax house is in order. It’s especially important for crypto investors, given a new IRS brokerage reporting requirement covering transactions after Jan. 1, 2025. The IRS generally treats crypto like property, similar to stocks or real estate, so selling crypto can trigger a capital … Read more