Trump targets a Wall Street tax break also in Democrats' crosshairs
Read more at CBS News
Topics
-
Target Sued for Defrauding Shareholders on DEI
The retailer was hit with lawsuit alleging it misled investors about DEI initiative risks, which led to consumer boycotts and diving stocks.Inc. - 3h -
Democratic Lawmakers Denied Entry to the Department of Education
It was the fourth agency this week that federal employees blocked congressional Democrats from entering amid a push to shutter government agencies and dramatically cut the federal work force.The New York Times - 5h -
House Democrats denied entry into Department of Education building
Several Democratic lawmakers were denied access to the Department of Education on Friday. The Trump administration has made it clear that it seeks to abolish the department.NBC News - 5h -
The M&A boom of 2025 is just getting started — and here are 5 potential targets
These companies should do well even if they’re not acquired.MarketWatch - 8h -
While Trump is moving fast and breaking things, Americans wanting to escape should come to Australia | Julianne Schultz
There is a talent pool of brilliant people who should be invited to study here, to work in our hospitals, construction sites and research labs. Move fast and break things was Mark Zuckerberg’s ...The Guardian - 11h -
A Wall Street trader disappeared, then wound up dead in a U.S. Border Patrol shootout
Ophelia Bauckholt was killed in a shootout with U.S. Border Patrol agents in northern Vermont — an unlikely end to a life that held so much promise.NBC News - 18h -
Democratic governors step forward to set the party's agenda
As President Donald Trump’s second administration takes shape in Washington, Democratic governors across the country are laying out their own plans for the year, with some using high-profile ...NBC News - 19h -
Canadian foreign interference agency says it detected a 'malicious activity' targeting candidate
A Canadian government department that tracks suspected foreign interference says it has detected a “coordinated and malicious activity” targeting federal Liberal Party leadership candidate Chrystia ...ABC News - 1d -
Democratic FEC chair says Trump fired her. She says it's not legal.
Weintraub, one of three Democratic members on the Federal Election Commission, posted a letter from Trump terminating her.CBS News - 1d -
Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'
President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.CNBC - 1d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 1d -
Trump delays cancellation of de minimis trade exemption targeting China imports
President Donald Trump signed an executive order on Friday that puts a pause on his closing of the de minimis trade exemption.CNBC - 1d -
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.The New York Times - 1d -
Breaking down Trump's dispute over the Panama Canal
President Trump has a phone call scheduled with the president of Panama to try to resolve the dispute over the Panama Canal. The waterway linking the Atlantic and the Pacific is vital to the U.S. ...CBS News - 2d -
Investigation targets online groups accused of child sex abuse, torture
Two men have been arrested for their roles in what authorities called "extremist" online communities.CBS News - 2d -
House Democrats try, and fail, to subpoena Musk
Politico - 3d -
Hispanic Democrats privately strategize how to counter Trump with immigration groups
Politico - 3d -
New Democratic bill targets Elon Musk
Politico - 3d -
Shippers Wary of Red Sea Routes Despite Houthi Pledge to End Targeting
The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.The Wall Street Journal - Jan. 27 -
Canada Is Becoming a Fentanyl Exporter, and a Target for Trump
The drug is increasingly manufactured in and trafficked from the U.S.’s northern neighbor, though the numbers remain small compared with Mexico.The Wall Street Journal - Jan. 24 -
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.The Wall Street Journal - Jan. 24 -
Target Drops DEI Goals and Ends Program to Boost Black Suppliers
Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.The Wall Street Journal - Jan. 24 -
BREAKING: Doughty Selected to Team Canada
Drew Doughty will don the maple leaf once again. After only six games of action since his return, the future Hall of Famer has been officially named as Canada’s replacement for Alex Pietrangelo in ...Yahoo Sports - 1h -
How much should you pay to do your taxes? Maybe nothing — if you qualify for free tax prep.
Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free. The IRS also has two different free filing options equipped for these ...MarketWatch - 13h -
Democrats call stop work order at CFPB 'illegal'
Democrats are calling on Treasury Secretary Scott Bessent to cancel his stop work order for the Consumer Financial Protection Bureau (CFPB) after employees with Elon Musk’s Department of Government ...The Hill - 15h -
Democratic governors step forward to set the party's agenda
As President Donald Trump’s second administration takes shape in Washington, Democratic governors across the country are laying out their own plans for the year, with some using high-profile ...NBC News - 19h -
The Papers: 'Trump wants UK tax cuts for tech giants' and 'hands off our ISAs'
A warning that axing ISAs could "trigger a mortgage crisis" is one of the stories on Saturday's fronts.BBC News - 1d -
Democrats Take Aim at Elon Musk
It’s the first sign of unified opposition for a rudderless and leaderless Democratic Party.The New York Times - 1d -
Canadian foreign interference agency says it detected a 'malicious activity' targeting candidate
Yahoo News - 1d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 1d -
Frontier Air’s stock rallies as its rosier outlook, new routes wow Wall Street
Frontier plans an expansion to cities such as Reno, Nev.; and Tuscan, Ariz.MarketWatch - 1d -
Trump says he’ll roll out reciprocal tariffs next week. Here are his possible targets.
President Donald Trump on Friday said his administration would soon have an announcement about reciprocal tariffs. Peter Navarro, a longtime adviser to the president, has a target list for him.MarketWatch - 1d -
Expedia’s stock rallies 17% as Wall Street cheers the return of its dividend
For the first time since the COVID-19 pandemic, Expedia will pay out a quarterly dividend of 40 cents a share.MarketWatch - 1d -
This Is How Democrats Can Counter Elon Musk
Recklessness will not get us to a revitalized government, but neither will excessive caution and addiction to procedure.The New York Times - 1d -
House Democrats denied entry to the Department of Education
Democratic members of Congress were denied entry to the Department of Education for a meeting with acting Secretary Denise Carter when a security officer would not allow them inside.NBC News - 1d -
Here’s how Democrats should fight back against Trump | Margaret Sullivan
Democrats in a new generation are punching back hard. And, in so doing, showing their colleagues how to overcome their reputation for dithering. It’s easy to be disgusted with the Democratic party ...The Guardian - 1d -
Breaking down Knicks’ trade deadline decisions
The NBA’s Trade Deadline brought major fireworks across the league, with numerous current and former All-Stars switching teams, while the Knicks mostly stood pat after making all of their ...Yahoo Sports - 1d -
'Border czar' threatens military action if cartels target troops at border
"Border czar" Tom Homan said he expects to use the U.S. military if Mexican cartels target American troops on the border.ABC News - 2d -
Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.Wired - 2d
More from CBS News
-
Judge blocks move to place 2,200 USAID employees on leave
A federal judge Friday prevented the Trump administration from placing 2,200 employees of USAID on administrative leave for now.CBS News - 13h -
Judge blocks move to place 2,200 USAID employees on leave
A federal judge Friday prevented the Trump administration from placing 2,200 employees of USAID on administrative leave for now.CBS News - 13h -
Trump orders U.S. to prioritize refugee resettlement of White Afrikaners
President Trump directed officials to prioritize the resettlement of Afrikaners in South Africa through the U.S. refugee program, which he suspended on his first day in office.CBS News - 14h -
Trump orders U.S. to prioritize refugee resettlement of White Afrikaners
President Trump directed officials to prioritize the resettlement of Afrikaners in South Africa through the U.S. refugee program, which he suspended on his first day in office.CBS News - 14h -
Former top NOAA scientist under Trump issues a "Sharpie-gate" warning
Craig McLean said many scientists "are worried about President Donald Trump's return to office — after he undermined science in his first term."CBS News - 16h
More in Politics
-
Netanyahu praises Trump's as Israel's 'greatest friend' to ever be president
Israeli Prime Minister Benjamin Netanyahu praised President Trump in Saturday comments, calling him "the greatest friend that Israel has ever had in the White House." "Israel has no better friend ...The Hill - 2h -
VA lists more than 130 jobs ineligible for Trump buyout plan
The majority of nurses, doctors, and other personnel providing care to military veterans through the Department of Veterans Affairs do not qualify for the deferred resignation offer from the Trump ...The Hill - 3h -
Schiff calls for firefighter exemption from federal hiring freeze
Sen. Adam Schiff (D-Calif.) on Friday urged the Office of Management and Budget (OMB) and the Department of Agriculture (USDA) to exempt federal seasonal firefighters from President Trump’s federal ...The Hill - 4h -
Musk says he has no plans to buy TikTok
Tech billionaire Elon Musk said he is not interested in acquiring the video-sharing app TikTok, and has no plans regarding what he would do if he owned it. Musk made the remarks during a virtual ...The Hill - 5h -
Staff placed on leave, map tool shut down in tumultuous week at EPA
EPA staffers have had to contend with dramatic shake-ups. About 1,100 employees were told they could be terminated, and then 168 staffers were put on leave.NBC News - 5h