Songsak Rohprasit | Moment | Getty Images Student loan borrowers whose debt is canceled in 2026 or later may face a significant tax bill. A law that shielded student loan forgiveness from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired on Dec. 31, 2025. President Donald Trump’s “big beautiful…
President Donald Trump issued the first vetoes of his second term Tuesday, blocking bills that would support a pair of bipartisan infrastructure projects in Colorado and Florida. Trump’s veto of the Colorado bill, the Finish the Arkansas Valley Conduit Act, which Congress unanimously approved earlier in December, enraged the state’s lawmakers. The bill would reduce…
The Department of Justice has 5.2 million pages of Jeffrey Epstein-related documents left to review and it will take weeks longer to complete the effort, multiple outlets reported. About 400 lawyers are being enlisted from multiple government divisions to pore over those records, The New York Times first reported late Tuesday, citing people familiar with the…
Congressional Republicans on Wednesday called Minnesota Gov. Tim Walz to testify amid an ongoing social services fraud scandal, as the White House signaled it could expand its investigations into other blue states. A day after the Trump administration said it would freeze hundreds of millions of dollars of child-care funds to Minnesota, House Oversight and…
U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | Reuters When Mao Zedong declared in 1949 that China had “stood up,” it marked…
Charlie Ergen Karl Gehring | Dever Post | Getty Images Wall Street grew increasingly obsessed with the artificial intelligence boom this year, pouring money into chips, data centers and applications. But investors looking beyond Silicon Valley found outsized returns in another location: space. Some of the year’s biggest market winners were defense companies that benefited…
The U.S. on Tuesday announced sanctions on a group of 10 individuals and entities based in Iran and Venezuela that are allegedly linked to the weapons trade between the two countries. Those targeted include a Venezuelan company, Empresa Aeronautica Nacional, which is allegedly linked to millions of dollars of Iranian drone sales to Venezuela. The…
California Democrat Rep. Ro Khanna says he has a solution for Silicon Valley elites angered by his embrace of a wealth tax: Tackling fraud. Over the weekend, Khanna came under fire from some donors and allies in the tech industry after he endorsed a wealth tax. Labor groups in California are trying to add a…
Democrat Rep. Ro Khanna has embraced a wealth tax in his home state of California, and his longtime allies in Silicon Valley are now threatening to abandon him. California labor groups are trying to add a proposal for a statewide tax on billionaires to the November ballot. The proposal is causing a rift among Democrats…
U.S. President Donald Trump speaks to the media next to Israeli Prime Minister Benjamin Netanyahu upon arrival for meetings at Trump’s Mar-a-Lago club in Palm Beach, Florida, U.S., Dec. 29, 2025. Jonathan Ernst | Reuters President Donald Trump on Monday appeared open to additional military action against Iran if the country attempts to build up…
