by Sarah Serota | Mar 21, 2025 | Business, Featured
Before tax accountant Jack Hahne moved from Atlanta to New York City in 2022, the state and local tax deduction cap, commonly known as the SALT deduction cap, hardly concerned him. “I was making a little bit less money, so it wasn’t something I was particularly...
by Jeremy Fredricks | Mar 13, 2025 | Business, Featured, Politics
WASHINGTON — President Donald Trump proposed removing the penny from U.S. circulation in February. The one cent coin costs the U.S. Mint about 3.7 cents to make. Will discontinuing the coin contribute to higher costs and inflation or save the government millions of...
by Sarah Serota | Mar 13, 2025 | Business, Featured, Politics
On the campaign trail, President Donald Trump made a promise to the cryptocurrency entrepreneurs that they have not forgotten: a pledge to be the first “crypto president.” Last week, Trump took his latest in a string of actions to align himself with the digital asset...
by Jorge Martinez and Lenna Peterson | Feb 19, 2025 | Business, Featured, Politics, Topics
WASHINGTON — President Donald Trump’s pick for Secretary of Labor backpedaled her previous support for repealing right-to-work laws. Senators pressed nominee Lori Chavez-DeRemer, a former GOP congresswoman, about a pro-union bill she co-sponsored during her time in...
by Sarah Serota | Feb 14, 2025 | Business, Featured, Topics
WASHINGTON – House Republicans pressed to overhaul how the Securities and Exchange Commission regulates cryptocurrency at a hearing Tuesday, aligning themselves with the pro-cryptocurrency agenda President Donald Trump championed during the first few weeks of his...
by Sarah Serota | Jan 29, 2025 | Business, Featured
WASHINGTON – After three consecutive rate cuts, Federal Reserve Chair Jerome Powell announced Wednesday the Fed will hold the federal funds rate constant at 4.25-4.50%. During its first meeting of 2025, the Fed decided it would not act amidst “somewhat elevated”...
by Lenna Peterson | Jan 29, 2025 | Business, Featured
WASHINGTON – Howard Lutnick, billionaire CEO and co-chair of the Trump/Vance transition team, vowed to use his position as commerce secretary to implement the new administration’s tariff policies in a confirmation hearing Wednesday. Vice President JD Vance...
by Sarah Serota | Jan 23, 2025 | Business, Featured
Friday night Ogle’s head pounded, so much so that he swore off working for the rest of the night. Then, a friend messaged him that President Donald Trump just launched a cryptocurrency. He decided to invest big in the coin and, ignoring his headache, stayed up until...
by Sarah Serota | Jan 16, 2025 | Business, Featured
WASHINGTON–Treasury Secretary nominee Scott Bessent started his confirmation hearing testimony Thursday by recounting growing up with financial hardships in Little River, South Carolina. “My life has been an only-in-America story that I am determined to preserve for...
by Sarah Serota | Jan 14, 2025 | Business, Featured
WASHINGTON – With the clock ticking down on the Tax Cuts and Jobs Act, House Republicans in the Ways and Means Committee doubled down Tuesday on demanding a permanent extension of the tax cuts. “As of today, we have only 142 legislative days before taxes will go up...
by Heather Zhu | Dec 12, 2024 | Business, Featured
As President-elect Donald Trump’s administration takes shape, the Federal Trade Commission (FTC) is set for a transformative period under newly nominated Chair Andrew Ferguson. This transition follows the departure of Lina Khan as head of the agency, whose tenure as...
by Ananya Chag | Dec 10, 2024 | Business, Featured
Cryptocurrency enthusiasts had reasons to celebrate Wednesday after President-elect Donald Trump tapped crypto advocate Paul Atkins for Securities and Exchange Commission chair—but his approach stops short of offering the industry a free pass. Atkins serves as...
