The Republican Party embarked this week on a haphazard experiment in economic policymaking, wagering that the United States can weather a monumental tax increase in the form of broad tariffs on imported goods as long as Congress also cuts taxes on income. It’s a mash-up that many investors, economists and even some G.O.P. lawmakers expect…
The Senate approved Republicans’ budget blueprint just after 2:30 a.m. on Saturday to clear the way for passing President Trump’s domestic agenda, after Democrats forced an overnight session to protest the G.O.P. push to deliver what the president has called “one big beautiful bill” of spending and tax cuts. The 51-to-48 vote, mostly along party…
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress. Business leaders and corporate investors are confident that things will turn out fine, at least for…
Today in History Today is Thursday, Jan. 23, the 23rd day of 2025. There are 342 days left in the year. Today’s Highlight in History: On Jan. 23, 1368, China’s Ming dynasty, which lasted nearly three centuries, began as Zhu Yuanzhang (zhoo whan-zhahng) was formally acclaimed Hongwu Emperor, following the collapse of the Yuan dynasty. …
Driven largely by the accumulation of massive wealth by the richest people in the United States, the Swiss wealth manager UBS said Thursday the assets of billionaires around the world more than doubled over the past decade. Between 2015-24, the total wealth of billionaires increased by 121%, from $6.3 trillion to $14 trillion. Meanwhile, the…
Hong Kong’s top court has upheld three landmark judgments granting equal housing and inheritance rights to same-sex couples, marking another milestone in the LGBTQ community’s fight against discrimination in the city. The Court of Final Appeal on Tuesday dismissed the government’s appeals seeking to preserve the discriminatory housing policies and intestacy laws, which were declared…
Elon Musk on Sunday briefly spoke at a campaign rally for Donald Trump in New York. In his speech, Musk said he’d save the US $2 trillion through a department of government efficiency. Musk and Trump have both suggested that Musk could be a member of Trump’s cabinet if he’s reelected. Thanks for signing up!…