House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
President-elect Donald Trump addressed the nation Tuesday in his first press conference since Congress certified his election victory. Speaking from his Mar-a-Lago estate, Trump unveiled a series of economic initiatives, including a $20 billion investment in U.S. data centers and plans to reverse President Biden's restrictive energy policies.
President-elect Donald Trump announced plans to rename the Gulf of Mexico to the "Gulf of America," describing the move as both symbolic and fitting. Trump made the statement during a press conference at Mar-a-Lago, his first public appearance since Congress certified his victory over Vice President Kamala Harris.
Luigi Mangione, the Maryland Ivy League graduate charged with assassinating UnitedHealthcare CEO Brian Thompson, has retained Craig Rothfeld, a high-profile prison consultant known for advising disgraced movie producer Harvey Weinstein.
In a move that raises eyebrows, the Biden administration has announced a $306 million investment aimed at bolstering bird flu monitoring and preparedness efforts across the United States.
PJM, the largest power grid operator in the U.S., faces increasing scrutiny as it struggles to balance growing energy demands with the transition to renewable resources. The organization manages the flow of power across 13 states and Washington D.C., but critics argue that outdated systems and slow project approvals are driving up costs for consumers.
The Panama Canal, often heralded as one of the Wonders of the Modern World, is far more than a feat of engineering—it is a cornerstone of U.S. national security and economic prosperity.
