The U.S. federal tax collection agency
The Senate Judiciary Committee is questioning Todd Blanche, acting attorney general, about his past with Trump, the handling of the Epstein files, and a controversial $1.8 billion fund; Republicans and Democrats press on independence and accountability as the nomination moves forward.
California debates a 5% wealth tax; ultra‑rich residents have moved assets out of state, with Alphabet’s Larry Page and Sergey Brin among notable relocations. Tax plans are spurring residency audits and significant corporate and political pushback.
Kies has left his roles as assistant Treasury secretary and acting IRS chief counsel. Reports indicate he warned White House officials against directing audits, triggering Democratic concerns that officials interfered with tax enforcement. The White House says Kies was not a team player amid questions about a settlement that could shield Trump from probes.
Miami-Dade County has seen 24 sales of properties above $30 million in H1 2026, roughly double the prior year, fueling expectations to surpass 2025’s record. The rise is tied to tax policy debates and growing tech presence, including Alphabet’s Miami expansion.
Several Republicans have jumped into the South Carolina U.S. Senate special election, linking their bids to President Trump’s endorsement of Darline Graham Nordone. Sanford, Fry, Norman and Lynch are on the ballot or entering the race, while Gowdy remains a potential wildcard. The contest centers on loyalty to Trump and how endorsements shift the primary landscape.
Thomas Goldstein, once a leading SCOTUSblog figure, has been sentenced to five years of supervised release after a prison term, plus more than $3.1 million in restitution. Prosecutors say he concealed $25 million in income and engaged in mortgage fraud and tax evasion.
The government has signalled a new push on England’s social care system, with talks among Labour, Liberal Democrats and Conservative figures seeking a cross‑party consensus. The plan centers on a national care service, better pay for care workers, and a Casey review upgrade, while promising to fund reforms from existing budgets and avoid immediate tax rises.
The Senate Homeland Security Committee has voted 8–5 to hold Dr Anthony Fauci in contempt of Congress after he invoked the Fifth Amendment repeatedly during a hearing on pandemic decisions and the origins of COVID‑19. Chairman Rand Paul has authorised sending the committees report to the DC US attorney for possible prosecution and has threatened to certify the citation to the Senate president if the chamber is not in session.
Capital One has disclosed that its decision to close more than 300 Trump-affiliated accounts followed an anti-money laundering review. The bank argues the closures were based on internal analysis and regulator guidance, not political motivations, in a case the Trump Organization is trying to dismiss in Florida federal court.
Todd Blanche has posted written orders that rescind a May directive creating a $1.8bn "anti-weaponization" fund and that limit broad IRS audit protections in a settlement with Donald Trump. Senators John Cornyn and Thom Tillis have said they will support advancing his nomination to the full Senate, though Democrats and legal experts have said the written assurances leave room to revive the fund.
Lawmakers have advanced a stopgap funding package to keep the government running through Dec. 11, while negotiations over full-year funding and policy riders continue. The measure blocks funding transfers to border enforcement, delays a hemp ban by one month, and avoids a government shutdown ahead of midterm elections.
The Independent reports that President Trump is tying Blanche’s U.S. attorney general nomination to conditions on the IRS immunity shield and the $1.8 billion Anti-Weaponization Fund, signaling political maneuvering as Republicans seek tighter guardrails.
The US Justice Department has found that Duke University School of Law used proxies for race in admissions, citing a probe that suggests Black or Hispanic applicants have a higher likelihood of admission than white or Asian applicants with the same credentials. The department seeks a voluntary settlement while Duke reviews the findings.
Sen. Bill Cassidy has announced he will vote to confirm Todd Blanche as attorney general, giving Trump’s nominee a crucial edge as several Republicans oppose him. With Collins and Murkowski opposed and McConnell absent, Cassidy’s stance could push Blanche over the line, though resistance remains among a faction of GOP senators.
The Senate has confirmed Todd Blanche 50–49 as U.S. attorney general and he has been sworn in at the White House. Blanche has led the Justice Department in an acting capacity since April, previously served as the president’s private lawyer, and has rescinded a proposed $1.8bn compensation fund amid bipartisan concern about politicising the department.
Financial researchers and advisors are recalibrating retirement guidance. Some advocate higher withdrawal rates and greater equity exposure to combat inflation and longevity risk; others push diversification and long-term growth as a guardrail against market downturns. New analyses question the traditional 4% rule amid strong recent returns.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.
In Wisconsin, Francesca Hong has lost the governor's primary to David Crowley by less than 1 point, a dramatic turn after polls showed she led by double digits. The result mirrors a broader pattern of polling misses and rising momentum for progressive candidates in state races. Prediction markets also underestimated Crowley’s chances.
Blanche has vowed to uphold the rule of law without fear or favor as he assumes control of the Justice Department amid a wave of firings, resignations and politically charged investigations. He has promised to listen, welcome disagreement and acknowledge that not every decision will be right.
ICE has signed a no-bid contract to acquire 6,000 conductive distraction and de-escalation gloves from Compliant Technologies for use in high‑tension encounters. The deal, worth up to $20 million, has drawn pushback from civil rights advocates and some Democrats who warn of safety and accountability risks. The procurement notice was published this week and underscores ongoing debates over law enforcement tools in immigration enforcement.
Developments on equal pay re-emerge as talks turn to universal basic income and alternative compensation models. Public debate centers on feasibility, incentives, and how to balance fairness with initiative.
Alex Saab has pleaded guilty to one count of money laundering in Miami and will forfeit $195 million as part of a deal to cooperate with US investigations. The plea follows a long-running case tied to alleged bribes, shell companies, and the CLAP program in Venezuela.
Robinhood is expanding beyond trading into wealth management, banking and AI-powered tools as it targets mass-market customers while pursuing higher revenue per user. Executives say the company is building a full financial platform to capture aging and wealthier customers, with retirement accounts and private wealth services in sight.
A three‑judge panel of the 1st US Circuit Court of Appeals has largely upheld a lower court ruling that found the Department of Homeland Security’s third‑country removal policy unlawful, saying migrants must get a meaningful chance to raise safety concerns before removal. The panel narrowed one part of the decision on procedural grounds. The administration is expected to appeal.
The U.S. case against David Hearn over vandalism at the Lincoln Memorial Reflecting Pool has been permanently dismissed after prosecutors found new evidence showing contractor flaws. The judge notes potential political interference from the White House and President Trump’s public comments as a key factor in the decision. Three related cases were also dropped.
As states push new taxes on billionaires and high earners, voters face a wave of ballot measures and lawsuits. Washington contemplates a millionaire tax despite opposition from some business leaders; California weighs a billionaire wealth tax; Massachusetts has already seen revenue gains from similar levies, while other states move to cut or adjust taxes on high earners.
The White House has requested the resignation of Ambassador Guilfoyle after weeks of investigative reporting alleging improper financial favors and influence-peddling. The move follows reporting by The Wall Street Journal about a donor who was asked to cover a $100,000 credit card bill in exchange for access to administration officials. Guilfoyle denies wrongdoing. The State Department is reviewing the allegations, and lawmakers are calling for investigations.