Latest in Bessent Tax Policy
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Southwest Airlines Will Begin Charging for Checked Bags, Ending a Beloved Policy
Customers with the highest loyalty status will be spared from the fee, but others will have to pay for checked bags for flights booked from May 28.The New York Times - 22h -
Why Trump's rapidly changing economic policies are raising stagflation alarms
If there was one thing President Donald Trump was supposed to represent to many voters, it was the prospect of an upturn in their economic fortunes.NBC News - 18h -
Commerce secretary says Trump's policies are "worth it" even if they lead to recession
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard ...CBS News - 16h -
Lutnick says Trump's policies are "worth it" even if they lead to recession
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.CBS News - 16h -
Trump’s Losses Raise a Question: Should One Judge Set National Policy?
Trial-court judges continue to block the president’s agenda with injunctions that apply across the country. Some conservatives want to limit that power.The New York Times - 44m -
Million-dollar wage earners have already stopped paying into Social Security for 2025
In 2025, Social Security payroll taxes apply to wages up to $176,100. Workers with $1 million in annual wages have already stopped paying those taxes for the year.CNBC - 4d -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - 4h -
These accounts can be the 'worst possible asset’ for retirement, expert says. Here's why
Many investors don't plan for future taxes when contributing to traditional IRAs. Here are the key things to know.CNBC - 4d -
You can still claim a $1,400 stimulus check from the IRS—how to know if you qualify
You might be entitled to $1,400 in stimulus check money, but you'll have to file a 2021 tax return to claim it.CNBC - 3d -
HMRC to use voice recognition to speed up calls
The tax authority has been heavily criticised for failing to answer tens of thousands of calls.BBC News - 1d -
Six things that could get more expensive for Americans
Economists say the president's import taxes could result in higher prices for a range of products in the US.BBC News - 5h -
Trump’s coercion descends into chaos
The US’s tariff policy evokes bafflement as well as fearFinancial Times - 2d -
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy
Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...CBS News - 1d -
Florida Panthers' Aaron Ekblad suspended 20 games for violating NHL's performance-enhancing drug policy
In a statement, Ekblad said he'd taken an undisclosed substance while recovering from a recent injury and that it was 'a shock' when he failed his drug test.Yahoo Sports - 1d -
Bags fly free no more: Southwest Airlines to end free checked luggage policy
Southwest Airlines will no longer allow bags to fly free. The airline announced Tuesday it will begin charging some customers who check baggage in May.The Hill - 1d -
Aaron Ekblad suspended 20 games: Panthers star joins list of NHL players punished for violating PED policy
Ekblad is the first NHL player to be suspended for PED use since Nate Schmidt in 2018CBS Sports - 1d -
PGA Tour to allow distance measuring after Masters, test new pace-of-play policies before implementation
Some changes to help the speed of play are coming to the PGA Tour soonCBS Sports - 22h -
President Trump defends economic policies as EU announces retaliation against U.S. tariffs
The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum ...CBS News - 2h -
'Tariffs break trust': How Trump's trade policy is putting pressure on U.S. farmers
American farmers could ultimately feel even more pain as a result of President Donald Trump's tariffs on Canada, Mexico and China.CNBC - 3h -
President Trump defends economic policies as EU announces retaliation against U.S. tariffs
The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum ...CBS News - 2h -
China can live with Trump’s tariffs – his bullish foreign policy will help Beijing in the long term | Steve Tsang
By turning his back on US allies and global institutions, Trump will help Xi Jinping advance his plan for a China-centric world. Is Donald Trump China’s worst nightmare or a dream come true? He is ...The Guardian - 6h -
Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies
Mnuchin, who served under Trump in the Republican's first term in office, said does not see signs of an imminent slowdown for the U.S. economy.CNBC - 1h -
Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.
President Trump has been trying to eliminate the tax loophole, which benefits Wall Street, but Congressional Republicans may stand in the way.The New York Times - 4d -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - 1d -
Irish, undocumented, and unsure of their future in Trump's America
They run businesses. They tend bars. They pay taxes. But still they live in fear. There are thousands of undocumented Irish immigrants in America today, and some of them shared their stories.CBS News - 7h -
Irish, undocumented, and unsure of their future in Trump's America
They run businesses. They tend bars. They pay taxes. But still they live in fear. There are thousands of undocumented Irish immigrants in America today, and some of them shared their stories.CBS News - 7h -
Berlin’s about-turn can get Europe more bang for the buck
Even Germany’s frugal friends are undergoing policy and sentiment shiftsFinancial Times - 3d -
The US economy is heading for recession
Donald Trump’s policy agenda is sapping American animal spiritsFinancial Times - 3d -
A Great Unraveling Is Underway
Trump’s foreign policy philosophy is not “containment” or “engagement,” but “smash and grab.”The New York Times - 16h -
Certainty is now a scarcity in markets
Capricious policies from Washington have created a very unpredictable economic environmentFinancial Times - 11h -
Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact
Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn’t include the impact of those extra ...MarketWatch - 1d -
Trump announces more tariffs on Canada's steel, aluminum as stocks continue stumbling
President Trump announced more tariffs on Canada's steel and aluminum after Ontario announced a tax on electricity for the U.S. CBS Moneywatch correspondent Kelly O'Grady reports and CBS News' Fin ...CBS News - 23h -
Latest news on Trump's trade war with Canada, shock in stock markets
President Trump's trade war with Canada is growing after Ontario's premier announced on a tax on electricity bound for the U.S. This comes as the stock markets are reacting negatively to Mr. ...CBS News - 22h -
Trump says he considering cutting back on Canada tariffs as stock markets bounce
President Trump says he is considering reducing the new tariffs he announced on Canada's steel and aluminum as a response to Ontario's tax on electricity to the U.S. This comes as the stock markets ...CBS News - 19h -
Democrats struggle against relentless Republican hammering on immigration
Republicans put Democrats in the hot seat as they continue to try and win the messaging wars on immigration policy.Politico - 6d -
Who’s Got Trump’s Ear on Tariffs? Lutnick or Navarro?
Corporate leaders and investors continue to be caught off guard by the president’s trade policy, especially as deal talks heat up.The New York Times - 6d -
Trump 2.0 is leaving investors 'overwhelmed' — and strategists warn the volatility isn't over
Global markets have seen choppy trade as investors react to the U.S. President’s tariff policies.CNBC - 5d -
Trump Casts a Long Shadow Over New Jersey’s Governor Race
President Trump and his divisive policies are helping to define the primary races for New Jersey governor.The New York Times - 3d -
Investors are anxious about Trump’s tariffs. Here’s what financial advisers are telling them to do.
Uncertainty surrounding tariff policy has rattled markets, and volatility is the highest it’s been all year.MarketWatch - 2d -
This Is Who Loses in a Trade War
Europe, not Canada, Mexico or China, is most vulnerable to the fallout from Donald Trump’s mercantilist policies.The New York Times - 2d