The Trump administration wants to exclude earnings from “pornographic activity” from a new tax break for tips. Will the I.R.S. know it when it sees it?
Category: Trump, Donald J
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Markets Defy the White House
Volatility has returned to stocks and crypto trading, despite assurances from a top administration official, as investors brace for more data on consumers.
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Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends
David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
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F.D.A. Attributes 10 Children’s Deaths to Covid Vaccines
The agency’s top vaccine regulator said that a review had found that the children were likely to have died “because of” the shots. But public health experts want to examine the data.
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Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the country’s economic dependence on the United States.
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As Prices Pinch, Bessent Looks for Ways to Mollify Wary Consumers
Treasury Secretary Scott Bessent has offered a variety of creative justifications for President Trump’s import duties.
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Kevin Hassett Reportedly Becomes Front-Runner for Fed Chair
Kevin Hassett, a top White House economic adviser , is said to become the front-runner to lead the Federal Reserve, raising questions about its independence.
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Donors to Trump’s Transition Revealed a Year Later
A 46-person list includes billionaires and people he went on to appoint to positions of power.
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U.S. Announces Negotiated Prices for 15 Drugs Under Medicare
The Trump administration said that had the new prices been in effect last year, Medicare would have saved $12 billion, which would have reduced its spending on those drugs by 44 percent.
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China and Japan, With Trump in the Middle, Stoke an Existential Showdown
With Japan’s new leader refusing to back down from China’s show of force and claims on Taiwan, Xi Jinping picks up the phone to try to pry the U.S.-Japan alliance apart.
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Consumer Bureau’s Bank Examiners Criticize New ‘Humility Pledge’
The Consumer Financial Protection Bureau said it would require a vow to “work collaboratively” with companies before beginning a review.