Category: Taxes

Introduction Federal income tax is a crucial aspect of the U.S. financial system. It funds government programs, infrastructure, education, and national security. Every working American contributes to it in some form, but understanding the tax system can often feel overwhelming. This guide provides a detailed breakdown of how federal income tax works, tax brackets, deductions, […]

President Donald Trump signed an executive order on Monday to create the nation’s first sovereign wealth fund, which could be used to purchase TikTok. Joining Trump in the Oval Office, Secretary of the Treasury Scott Bessent said the fund will be operational within the next year. Though Trump did not explicitly indicate what the fund will be used for, he […]

Lesbian, gay, bisexual, transgender and queer people have long been grouped together and referred to more broadly as LGBTQ or a similar abbreviation, like LGBTQI, which includes intersex people. Now, however — just two weeks after President Donald Trump signed multiple executive orders targeting trans people — the websites of several government agencies are lopping off […]

President Donald Trump will meet Tuesday with Israeli Prime Minister Benjamin Netanyahu — the first foreign leader to meet with him since he started his second term. Speaking with reporters Sunday, Trump previewed the discussion at the White House as a “very big meeting.” In his letter inviting Netanyahu to Washington last week, he wrote, “I look forward to […]

Vice President JD Vance has earned a unique privilege inside the White House — free rein to hire whom he wants, with no interference from President Donald Trump or his top aides. The dynamic, as five people in or close to the administration explained it to NBC News, reflects the trust that the term-limited Trump has in Vance, […]

President Trump signed an executive order calling for the creation of a sovereign wealth fund, tasking his administration with starting an investment vehicle typically found in countries in much better fiscal health than the United States. Speaking to reporters in the Oval Office, Mr. Trump said the fund could help finance the purchase of TikTok, […]

House and Senate Democrats spoke out Monday when they were blocked from visiting the offices of the U.S. Agency for International Development (USAID) in Washington after Elon Musk announced that the humanitarian aid body would be shut down.. But the lawmakers’ very appearance revealed something that many Democratic activists believe party leaders have been missing ever since Trump’s election: A drive […]

Democratic members of Congress said they were denied entry into the US Agency for International Development office as Elon Musk and President Donald Trump have targeted the agency. Members of the House and Senate rallied in front of the Ronald Reagan Building which houses USAID. Sen. Chris Van Hollen told reporters that he and other Democrats were not allowed into the building. […]

President Donald Trump has agreed to hold off imposing 25% tariffs on Canada and Mexico for 30 days, pulling the North American neighbours back from the brink of a potentially damaging trade war. After last-minute calls with Trump, Canadian Prime Minister Justin Trudeau agreed to reinforce his country’s border with the US to clamp down […]

Elon Musk is officially serving under President Donald Trump as a special government employee, according to a White House official. That designation means Musk – the billionaire tech entrepreneur who has been a force within the new Trump administration – is not a volunteer but also not a full-time federal employee. According to a Justice […]