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As of late January 2026, President Donald Trump is actively advocating for a one-year cap on US credit card interest rates at 10%, aiming to ease the $1.23 trillion consumer credit card debt burden. Despite some bipartisan support, including from Senator Elizabeth Warren, the proposal faces strong opposition from major banks and financial groups warning it would restrict credit access and harm the economy. Implementation requires congressional approval.
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California's proposed 2026 wealth tax, a one-time 5% levy on residents with over $1 billion, has prompted a wave of billionaire departures and opposition from tech leaders and politicians. Governor Newsom opposes the measure, fearing economic damage, while supporters argue it funds healthcare and education. Public support has declined amid billionaire relocations.
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Alex Pretti, a 37-year-old Minneapolis protester and licensed gun owner, was shot and killed by federal agents during a confrontation near 26th Street and Nicollet Avenue. Video evidence shows he was unarmed before the shooting, which has sparked protests and calls for accountability. The incident follows recent protests over police and federal force use in the city. The authorities claim Pretti approached with a pistol, but no evidence shows he drew it. The case raises questions about use of force and federal intervention in Minneapolis.
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A London primary teacher was found guilty of inappropriate conduct involving pupils, including sending secret notes and asking a pupil on a date. Meanwhile, debates over AI's role in education continue, with concerns about its impact on critical thinking and resource allocation in UK schools.