IRS raises business mileage deduction rate amid fuel price surge
The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.
New York becomes first state to freeze new AI data centers in move critics warn could drive away jobs
Dem Gov. Kathy Hochul announced the nation's first statewide moratorium on new AI data centers while officials develop new environmental standards.
Obamacare exchange flaw exposed Americans to unexpected health plan switches, watchdog finds
The GAO found that the federal Obamacare exchange lacked safeguards for consumers and allowed unscrupulous agents and brokers to make unauthorized enrollments or plan changes.
Trump admin maps out sweeping rollback of regulations in push to save $1.5T
The 2026 regulatory plan targets 702 federal rules with a projected $1.5 trillion in cost savings, dwarfing last year's record $211.8 billion.
US economy added jobs at a slower pace than expected in June
The Labor Department released the June 2026 jobs report, which showed the U.S. economy added jobs at a steady pace last month despite uncertainty over inflation.
BLS took steps to fix data release failures but watchdog says more safeguards are needed
A watchdog report found BLS released CPI and jobs data at improper times in 2024, saying the agency still needs additional safeguards for economic data.
Ford recalls 741,195 SUVs and pickups after transmission defect raises rollaway risk: NHTSA
Ford recalls over 741,000 vehicles including Expedition SUVs and F-150 pickups over a transmission defect that can damage the parking mechanism.
Energy secretary says $17.5B in loans will help 'unleash the next American nuclear renaissance' for reactors
The Department of Energy announced $17.5 billion in conditional loans to strengthen the nuclear reactor supply chain and accelerate construction timelines.
US shoulders disproportionate cost of new medications, report finds
A new Office of Health Policy report reveals Americans shoulder a disproportionate share of prescription drug costs, covering nearly 80% of innovative revenue for new medications.
DOJ probes JPMorgan, Citigroup transactions tied to Iran supreme leader's business network
A Justice Department probe is reviewing transactions tied to a business network linked to Iran's supreme leader and its reported connections to Wall Street firms
GSA sells Old Post Office Building in Washington, once home to Trump hotel
The GSA announced the sale of the Old Post Office Building on Pennsylvania Avenue, formerly Trump International Hotel, with preservation covenants for the clock tower.
GOP lawmaker unveils bill to codify a strategic bitcoin reserve
Rep. Nick Begich unveils the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve within the Treasury Department with bipartisan support.
Bezos says Mamdani’s tax on luxury NYC homes is ‘fine’ despite backlash
Bezos backed Mamdani’s pied-à-terre tax proposal while arguing higher taxes on billionaires won’t meaningfully help working-class Americans.
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace last month according to the Labor Department's April 2026 jobs report that was released on Friday.
Trump admin to review AI models from Google, Microsoft, xAI ahead of public release
The Trump administration announced expanded AI collaboration agreements with Google, Microsoft and xAI focused on security and AI evaluation.
Budget airlines seek federal aid as Spirit shuts down after failed rescue
Budget airlines are seeking $2.5 billion in federal aid tied to rising jet fuel costs after Spirit Airlines ceased operations when a bailout deal fell through.
Tens of millions of taxpayers may be owed IRS refunds from COVID-era
Tens of millions of taxpayers may qualify for IRS refunds or reduced penalties from the COVID emergency period, but face a July 2026 filing deadline.
Federal government made $186B in improper payments last fiscal year
Improper federal payments hit $186 billion in fiscal year 2025, with Medicare, Medicaid and tax credits accounting for the bulk, a new GAO report finds.
Treasury freezes $344M in crypto as 'Operation Economic Fury' pushes Iran to industrial breaking point
The Treasury froze $344M in Iran-linked crypto, escalating pressure as officials warn Tehran could lose $170M daily with oil exports nearing disruption.
DOJ reportedly pursuing criminal antitrust probe of major meatpacking companies
The DOJ is reportedly investigating four major beef companies in a criminal antitrust probe after Trump claimed meatpackers manipulated cattle prices.