Money, Wealth & Power—A Daily Look at the Financial World
President Trump has turned immigration enforcement into one of the defining projects of his presidency, and the scale is now visible on streets, in detention centers, and deep inside the federal budget. His signature tax and spending cuts package quietly unlocked a vast stream of money for Immigration and Customs Enforcement, creating what critics describe…
For years, filing a basic tax return in the United States has often meant paying a private company for the privilege of telling the government how much you owe. Now the Internal Revenue Service is trying to change that equation, building and promoting ways for people to file at no cost that look a lot…
California’s looming capital flight is not a distant risk but an active force that is already reshaping who lives in the state, which companies stay, and where innovation happens. As high earners, major corporations, and investors reconsider their ties, the result could be a brutal remaking of California’s tax base, job market, and housing landscape…
Tax season is when retirement planning suddenly feels very real, because the right move with an IRA can shrink this year’s bill while building long term savings. The core question is simple: will your IRA contribution cut your taxable income, or are the benefits locked in for retirement instead of today. The answer depends on…
President Donald Trump is pointing to a 4.3% burst in GDP growth as proof that America is “on a roll” and that households can “Build riches in 2026.” The number is eye catching, especially after years of slower expansion, and it gives the White House a powerful talking point as it sells its economic story…
Calls to sideline President Donald Trump using the 25th Amendment have moved from law-school hypotheticals to live political debate, as critics question whether he is “unable to discharge the powers and duties of his office.” The stakes are enormous: Section 4 of that amendment is the only constitutional tool that lets a president’s own team…
The United States is escalating its industrial policy fight over computer memory just as global prices are already climbing, and the timing could hardly be more sensitive for consumers and allies. Commerce Secretary Howard Lutnick is threatening tariffs of up to 100% on imported DRAM and other memory chips unless leading Asian manufacturers commit to…
President Donald Trump’s latest tariff threats have collided with already fragile market nerves, reviving a “Sell America” mood that is hitting stocks, bonds and the Dollar at the same time. Investors are not just reacting to one policy headline, they are reassessing whether U.S. assets still offer the safety and stability that underpinned the long…
Scott Bessent’s promise of a “gigantic” wave of tax refunds landed like a lightning bolt in the middle of an already heated economic debate. Now he is spelling out what that headline number really means for households, and how a one-time windfall could ripple through spending, savings and politics as filing season approaches. Instead of…
Business owners and real estate investors have quietly regained access to one of the most aggressive tax breaks in the code: a full, first‑year write off on qualifying assets that can easily top six figures. Under President Donald Trump’s domestic policy bill, 100 percent bonus depreciation has been restored for a wide range of purchases,…