Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House is the plan to renew some $4 trillion in expiring tax cuts. The U.S. 01/10/2025 - 1:59 am | View Link
Tax cuts, debt limit, spending caps: Congress faces key fiscal choices this year The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary spending caps for fiscal years 2024 and ’25. But, beyond that, the ... 01/9/2025 - 7:59 am | View Link
Reeves may need to cut spending after jump in borrowing costs, say economists Kallum Pickering, chief economist at brokerage Peel Hunt, said: “If bond yields rise further, Reeves may be forced to make the economically damaging decision of further increasing taxes or cutting ... 01/8/2025 - 10:43 am | View Link
Credit rating agency warns of congressional debt limit stalemate despite GOP majority Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill. 01/7/2025 - 10:06 am | View Link
GOP proposes repealing Biden’s student debt relief to fund new tax cuts for the rich One major legislative priority for the incoming Republican trifecta government is the passage of a new round of tax cuts that will primarily benefit the wealthiest Americans. And Republicans are now ... 01/2/2025 - 9:33 am | View Link
Stylists know what the rich are wearing these days. Getty Images; iStock; Natalie Ammari/BIBusiness Insider asked high-end stylists about the clothes and accessories the rich are wearing. Tailored blazers and suits are extremely popular among wealthy clientele. Accessories like luxury handbags and statement jewelry are also staples in many wardrobes.
A mild market selloff shouldn't keep investors from looking for attractive investments. Javier Ghersi/ Getty ImagesEquities started the year on the wrong foot as an end-of-year slump carried over. However, Truist's top market strategist believes markets are overreacting. Investors should stow their money in four top places before a recovery.
Xiaohongshu, often referred to as China's answer to Instagram, is fast becoming the site of a US-China cultural exchange as users anticipate an American ban on TikTok. Cheng Xin/Getty ImagesA Chinese social media app called Xiaohongshu is one of the biggest winners from a looming TikTok ban. It's so popular in the US that Chinese users have started a new hashtag to welcome Americans.
JJKH/Getty, Tyler Le/BIA typical weekend for 28-year-old Olivia looks something like this: On Friday night, she'll catch a game, either in the stands or from the comfort of her couch in her home city of Philadephia. Saturday is for the girls — her book club might go out to brunch or convene at one of their houses.
TikTok's ethos and community are unique. But the short-form video field is crowded. Alex Wong/Getty ImagesAs a TikTok ban looks more likely, several apps are vying for its crown. Sister app Lemon8 has soared in popularity, but would likely get the ax, too. Meta, YouTube, and Snapchat have been competing in short-form video for years.
Special Counsel Jack Smith delivered his final report on January 6. Drew Angerer/Getty ImagesSpecial Counsel Jack Smith delivered his final report about the January 6 insurrection. The report is his final word on the 2020 election interference case. Smith concluded by saying that Trump would have been convicted had he not won the 2024 election.