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Today: January 22, 2025
Today: January 22, 2025
FATIMA HUSSEIN

FATIMA HUSSEIN

Staff Writer

Latest From FATIMA HUSSEIN

Business|Economy|Finance|US

IRS announces pension and retirement plan contribution adjustments for 2025

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024

IRS announces pension and retirement plan contribution adjustments for 2025
Business|Economy|Election

Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth

Kamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth

Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth
Election|US

The last actions the Biden administration will take before Trump takes over the White House

Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president’s legacy before President-elect Donald Trump takes office in January

The last actions the Biden administration will take before Trump takes over the White House
MidEast|Political|US|World

US sanctions group that builds illegal West Bank settlements, with close ties to Israeli government

The U.S. on Monday imposed sanctions on organizations and firms involved in illegal settlement development in the occupied West Bank, including a well-established decades-old group that has close ties with Israeli leadership

US sanctions group that builds illegal West Bank settlements, with close ties to Israeli government
Economy|Finance|US

Trump's treasury pick could give an indication of what he plans to do about tariffs

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration

Trump's treasury pick could give an indication of what he plans to do about tariffs
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Economy|Finance

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
Business|Economy|Finance|US

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
Business|Economy|Election|Finance|US

What to know about Scott Bessent, Trump's pick for treasury secretary

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary

What to know about Scott Bessent, Trump's pick for treasury secretary
Election|US

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
Business|Economy|Political|US

The rising price of paying the national debt is a risk for Trump's promises on growth and inflation

Donald Trump has big plans for the economy

The rising price of paying the national debt is a risk for Trump's promises on growth and inflation
Economy|Finance|US

The IRS is at risk of losing $20 billion in funding without legislative intervention

Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen

The IRS is at risk of losing $20 billion in funding without legislative intervention
US

Trump fills out his economic team with two veterans of his first administration

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team

Trump fills out his economic team with two veterans of his first administration
Election|Political|US

Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia

President-elect Donald Trump has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia

Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia
Americas|Economy|Election|Political|US

Trump claims a win on immigration after a call with Mexico's president. But she suggests no change

President-elect Donald Trump is declaring a win on stopping illegal immigration through Mexico after talking with that country’s leader

Trump claims a win on immigration after a call with Mexico's president. But she suggests no change
Crime|Election|Political|US

Democratic lawmakers from Connecticut report Thanksgiving bomb threats against their homes

Six Democratic members of Congress from Connecticut have been targeted by bomb threats on their homes

Democratic lawmakers from Connecticut report Thanksgiving bomb threats against their homes
Americas|Economy|Political|US

Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat

Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products

Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat
Americas|Economy|Election|Political|US|World

Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner

Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table
Business|Economy|Political|US|World

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Crime|Election|Europe|Political|US

Trump wants pardoned real estate developer Charles Kushner to become US ambassador to France

President-elect Donald Trump has named pardoned real estate developer Charles Kushner, father of Trump’s son-in-law Jared Kushner, as his intended nominee for ambassador to France

Trump wants pardoned real estate developer Charles Kushner to become US ambassador to France
Election|Political|US

Wisconsin Democratic leader Ben Wikler enters the race to lead the national party

Ben Wikler, chair of the Democratic Party in Wisconsin, says he's joined the race to lead the national party after an election that swept Donald Trump and Republicans to power in Washington

Wisconsin Democratic leader Ben Wikler enters the race to lead the national party
Election|MidEast|Political|US

Trump names Massad Boulos, campaign liaison and family relative, as a senior adviser on Middle East

Donald Trump says Massad Boulos, a Lebanese American businessman who is the father-in-law of Trump’s daughter Tiffany, will be a senior adviser on Arab and Middle Eastern affairs

Trump names Massad Boulos, campaign liaison and family relative, as a senior adviser on Middle East
Crime|Political|US

Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC

An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen’s house fired a weapon following a confrontation with the occupants of a sedan

Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC
Business|Crime|Economy|Political|US

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

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