Latest in Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
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These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - 7h -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - 7m -
Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...MarketWatch - 1d -
Democrat Adam Gray flips California swing seat blue
Republican Rep. John Duarte was narrowly ousted from his seat in a rematch against a Democratic rival.Politico - 16h -
President-elect Trump considers replacing Hegseth for defense secretary, sources say
President-elect Donald Trump is considering replacing his pick for defense secretary, Pete Hegseth, with Florida Gov. Ron DeSantis, sources say. The embattled Fox News host is facing allegations of ...CBS News - 3h -
Expect one big 'thread the needle' reconciliation bill with Trump tax cuts next year: House Ways and Means Chair Jason Smith
Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.CNBC - 3m -
Wall Street’s AI-powered rally risks ‘correction’, Vanguard warns
Asset manager’s chief economist Joe Davis says investors are overplaying the near-term potential of the technologyFinancial Times - 1d -
Hegseth says he loves his mother as Trump considers switching defense secretary pick to DeSantis
Pete Hegseth's mother joined Fox News Wednesday morning to defend her son and dismiss a critical email she wrote years ago about his behavior toward women. CBS News congressional reporter Nikole ...CBS News - 3h -
Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says
Prime Minister Justin Trudeau has told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian productsABC News - 1d -
Trump will take ‘nonstop’ action in first 100 days in office, top adviser says – live
Jason Miller says that Trump will take aggressive action on immigration and oil and gas drilling early into his second term. Notre Dame Cathedral will reopen in Paris on Saturday with incoming US ...The Guardian - 22h -
Ken Griffin, Top Republican Donor, Says He Voted for Trump
Mr. Griffin, who had previously derided Donald J. Trump as a “three-time loser,” said he voted for the president-elect.The New York Times - 2h -
With Assad Challenged, a Push to Cut Syria’s Ties to Iran Grows More Unlikely
Even as Israel bombarded Syria, officials say the U.S. and Gulf countries were working to weaken its president’s alliance with Tehran. Rebels’ shock advance has dampened those hopes.The New York Times - 8h -
NATO's chief avoids talk of Ukraine's membership. He says the priority is helping Kyiv defend itself
NATO Secretary-General Mark Rutte has sidestepped questions about Ukraine’s possible membership in the military allianceABC News - 1d -
Secret Service agent opens fire near home of Treasury Secretary Janet Yellen in Washington
Treasury Secretary Janet Yellen, who is protected by the U.S. Secret Service, was not under threat during the shooting outside her Washington, D.C., home.CNBC - 22h -
Trump considering replacing Hegseth with DeSantis for defense secretary
President-elect Donald Trump is considering replacing Fox News host Pete Hegseth, his embattled pick for defense secretary, with Florida Gov. Ron DeSantis.CBS News - 4h -
Trump mulls replacing Hegseth with DeSantis for defense secretary
President-elect Trump is reportedly considering replacing Pete Hegseth as his nominee for defense secretary with Florida Gov. Ron DeSantis after new allegations surfaced about Hegseth from his own ...NBC News - 3h -
Trump picks Daniel Driscoll as secretary of Army
President-elect Trump has tapped businessman and Army veteran Daniel Driscoll to be his secretary of the Army. “As a former Soldier, Investor, and Political Advisor, Dan brings a powerful ...The Hill - 2h -
Will Trump replace Hegseth pick with DeSantis for secretary of defense?
President-elect Donald Trump's pick for secretary of defense, news host Pete Hegseth, continues to face mounting backlash over allegations of impropriety in his past. CBS News campaign reporters ...CBS News - 29m -
How the EU should deal with Trump’s tariff threat
Brussels must try to ensure its response to the US does not trample on trade rulesFinancial Times - 2d -
Why is Trump threatening a 100% tariff on the BRICS nations?
Donald Trump said the U.S. would hit Brazil, Russia and six other countries with a crushing tariff if they sought to challenge the dollar.CBS News - 1d -
Small Business Owners Brace for Trump’s Proposed Tariffs
While the impact of the proposed import duties will hit small businesses hard, many are awaiting their final form before calculating their own costs.Inc. - 1h -
Victim-support cut to be devastating, charity says
The cut follows government promises of stronger protections for victims of crimes such as stalking.BBC News - 7h -
Kash Patel targeted in possible Iran-backed cyberattack, sources say
The apparent hackers targeted Kash Patel's communications, but whether they succeeded and how much access they had to the data is still being investigated, the sources said.CBS News - 5h -
Iran releases Nobel peace laureate Mohammadi on medical leave, says lawyer
Temporary release is inadequate, activist’s family and supporters say, urging her unconditional release. Iran has released the Nobel peace laureate Narges Mohammadi, jailed since November 2021, for ...The Guardian - 6h -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - 1d -
Bloomberg Says RFK Jr. Would Be ‘Beyond Dangerous’ as Health Secretary
Michael R. Bloomberg, the former New York City mayor and a public health advocate, is asking Senate Republicans to persuade President-elect Donald J. Trump to “rethink” Kennedy’s nomination.The New York Times - 1d -
Trump's pick for defense secretary, Pete Hegseth, is in peril in the Senate
President-elect Donald Trump’s pick to lead the Defense Department, Pete Hegseth, is in peril over allegations concerning drinking and his treatment of women.NBC News - 2h -
Pete Hegseth, Trump's pick for defense secretary, on shaky ground
Pete Hegseth, a military veteran and Fox News personality picked by President-elect Donald Trump to serve as defense secretary, is facing headwinds on Capitol Hill amid allegations of sexual ...CBS News - 18h -
Trump considering replacing Hegseth as defense secretary pick according to newspaper reports
President-elect Donald Trump faces further problems as he tries to fill top government jobs. His pick to head the DEA has withdrawn from consideration and lawmakers are voicing concerns over his ...NBC News - 9h -
Trump Considers DeSantis for Defense Secretary as His Support for Hegseth Falters
President-elect Donald J. Trump is weighing his options, even as Pete Hegseth meets with senators to muster support. Accusations of past misconduct have threatened his nomination from the start.The New York Times - 5h -
Trump considering replacing Pete Hegseth with Ron DeSantis for defense secretary
Amid allegations of heavy drinking and the mistreatment of women, President-elect Trump could be looking to replace Pete Hegseth with Florida Governor Ron DeSantis as his pick for defense ...NBC News - 5h -
Eye Opener: Trump considers replacing Pete Hegseth for defense secretary nomination
Sources tell CBS News that Donald Trump may replace his controversial pick for defense secretary with Florida Gov. Ron DeSantis. Also, airline executives are on Capitol Hill today as Congress ...CBS News - 5h -
Trump Tariff Threat Spurs Malaysian Warning to China Not to ‘Rebadge’ Products There
A senior trade official cautions Chinese companies to not invest there if they only want to mask their merchandise’s country of origin.Inc. - 2d -
Dollar climbs after Trump’s Brics tariff threat and French political woes
Currency on course for biggest daily rise since November 5 US presidential electionFinancial Times - 1d -
Ontario’s ad campaign seeks to counter Trump tariffs threat
Canadian province is US’s third-biggest trade partner and its automotive industry is intertwined with that of its southern neighbourFinancial Times - 1d -
What to know about the Smoot-Hawley tariffs and their role in the Great Depression
The measure helped worsen the Great Depression, experts said.ABC News - 1d