Money, Wealth & Power—A Daily Look at the Financial World
During the 2025 government shutdown, members of the U.S. Congress continued to receive their full salaries, highlighting a stark contrast between lawmakers and other federal employees affected by the funding lapse. This shutdown, which disrupted non-essential federal operations, underscored the financial implications for those in public service, as congressional pay remained uninterrupted. While essential services…
Members of Congress will not receive a pay increase this year, maintaining their salaries at current levels amid ongoing fiscal debates in Washington, D.C. This decision follows routine annual reviews by federal authorities responsible for such adjustments. The announcement highlights the persistent challenges in balancing legislative compensation with broader economic pressures. Background on Congressional Pay…
President Trump is actively considering the sale of F-35 fighter jets to Saudi Arabia ahead of Crown Prince Mohammed bin Salman’s upcoming visit to the White House. This potential defense deal, which has been under consideration since early November, could mark a significant shift in U.S.-Saudi relations. Despite warnings from Pentagon intelligence about possible technology…
A recent court ruling has allowed Kenvue to proceed with a $400 million shareholder dividend, marking a significant victory for the company amidst ongoing legal challenges. This decision comes after the Texas Attorney General attempted to block the payout, citing concerns over corporate governance. The ruling, issued on November 15, 2025, clears the way for…
New York’s rent stabilization laws have come under intense scrutiny as a new lawsuit claims these regulations are forcing landlords to leave apartments vacant. This legal challenge highlights the tension between property owners and the city’s efforts to maintain affordable housing. The lawsuit argues that the current rent laws are not only ineffective but also…
Kevin Hassett, a prominent economic advisor, recently issued a stark warning about the potential permanent loss of U.S. economic data due to the government shutdown. On November 11, 2025, Hassett cautioned that the data lost during this period might never be recovered, a sentiment echoed by the White House on November 13, 2025. The administration…
President Donald Trump has proposed a controversial initiative to rename the Pentagon, a decision that could potentially cost U.S. taxpayers up to $2 billion. This staggering estimate has drawn significant media attention, raising concerns about the financial implications for the public. The Pentagon, located in Arlington, Virginia, is the headquarters of the U.S. Department of…
The U.S. Senate recently passed a deal on November 10, 2025, aimed at ending the longest government shutdown in American history. This agreement, which President Trump signed on November 13, 2025, officially concluded a shutdown that had paralyzed federal operations for months. The bipartisan resolution marks a significant breakthrough after prolonged partisan disputes over budget…
The U.S. Senate has taken decisive action to end the record-breaking government shutdown, passing a legislative package on November 11, 2025. This move comes as a significant relief after an unprecedented halt in federal operations, marking the longest government shutdown in U.S. history. With the Senate’s approval, the focus now shifts to the House of…
Elon Musk’s The Boring Company has recently faced significant regulatory backlash, resulting in a fine of nearly $500,000 for environmental violations associated with its tunneling operations in Las Vegas. The company has been accused of committing almost 800 environmental violations during the Vegas Loop project, including the improper disposal of toxic fluids. This penalty, announced…