The U.S. federal tax agency that collects taxes and administers the tax code.
The U.S. Attorney’s Office has indicted 43 individuals tied to the Mexican Mafia in a sweeping operation across Orange County, with cases spanning murder, kidnapping, extortion and drug trafficking. Authorities have seized firearms, cash and narcotics as part of the ongoing effort to disrupt the gang’s reach from prisons to the streets.
California Democrats confront national tensions as impeachment talk resurfaces. A California Democrat has said impeachment isn’t off the table, while Trump faces new legal and political pressure. The debate plays into a broader midterm calculu s as voters weigh leadership and accountability.
The Justice Department has reached a settlement with former President Donald Trump over an IRS controversy. The deal bars audits of Trump, his family, and affiliates for existing tax matters and establishes an $1.8 billion anti-weaponization fund for allies; the arrangement covers only existing audits, not future ones.
A federal court has reopened scrutiny of the $1.776 billion Anti-Weaponization Fund linked to a settlement with the IRS, while lawmakers question its legality and governance. Former judges and Republican and Democratic actors are weighing in as the arrangement draws bipartisan opposition.
President Donald Trump has signed a $70 billion package to fund Immigration and Customs Enforcement and Customs and Border Protection through the end of his term, ending a months-long impasse that began after two civilians were killed during January immigration operations. Republicans passed the measure through budget reconciliation after Democrats demanded enforcement safeguards and blocked funding earlier this year.
Senate and House debates intensify over a $70 billion three-year funding package for Immigration and Customs Enforcement and Border Patrol, with lawmakers grappling over a controversial $1.8 billion settlement fund for Trump allies. The measure has sparked intra-party divisions and a series of amendments as leadership seeks to finalize funding through the end of Trump’s term.
The New York Times, The Guardian, CNBC, Al Jazeera and other outlets report that Donald Trump has nominated Todd Blanche to serve as attorney general, moving from acting to permanent head of the Justice Department. The nomination faces a Senate confirmation battle amid scrutiny of Blanche’s ties to the Epstein files, the $1.8 billion anti-weaponisation fund and past actions at the DOJ.
The Senate has passed a border-enforcement measure after a tense vote-a-rama, highlighting deep splits within the Republican Party over Trump-aligned priorities. The package now heads to the House, where support and objections are both likely to shape its fate in a politically charged election year.
The president has pressed Congress to approve a $1.776 billion “weaponization fund” to compensate those prosecuted after the January 6 riot, despite court challenges and political opposition. In a televised interview, he has argued that lives have been destroyed and vows to push for the payout, while opponents warn of political toxicity.
The Education Department has announced a two-year, temporary 1% reduction in interest rates for Direct Loans issued after July 2012, available to autopay borrowers through June 30, 2028. Eligible borrowers on autopay will see the discount automatically, with action required only for new enrollments by Sept. 30, 2026. The policy forms part of a broad overhaul of repayment plans under the One Big Beautiful Bill Act.
A set of Business Insider UK pieces recounts personal moves into entrepreneurship and relocation, highlighting the strain and shifts in families and professionals as they pursue new ventures across Lisbon, Los Angeles and beyond.
Trust funds for Old-Age and Survivors Insurance and Medicare face earlier depletion than previously forecast. PWBM projects depletion by 2033 for OASI and 2034 for combined funds, while the official trustees warn longer-term pressures. Lawmakers face urgent choices on taxes, benefits, and program integrity as costs rise for aging Americans.
Cornyn has acknowledged his defeat in the Texas Senate race, warning that Trump’s continued loyalty requirements risk fracturing the party. He says Republicans will grapple with a bumpy seven months ahead while colleagues gain more room to maneuver.
U.S. District Judge Leonie Brinkema has extended an injunction blocking the administrations proposed $1.776 billion "Anti-Weaponization Fund" and has ordered the Justice Department to file a response by July 17. Brinkema has said she will only dismiss the suit if senior officials sign sworn declarations that the fund will not proceed; DOJ lawyers have refused, citing separation-of-powers concerns.
Floyd Mayweather has not appeared at a Las Vegas hearing; his attorney represents him as prosecutors pursue two felony counts — theft and drawing or passing a check with intent to defraud — tied to a December 2024 $200,000 check, with a September hearing set.
A wave of AI-driven restructuring is redefining how companies run global operations. Opendoor is moving operational work back to the U.S., signaling a broader shift toward leaner, AI-enabled workflows that compress offshore back offices and emphasize Services-as-Software. The changes echo across tech and outsourcing sectors as companies recalibrate headcount, partnerships, and location strategies.
A wave of new reporting outlines how President Trump has framed power in global terms while facing constraints from the economy and institutional checks. The latest material shows a push to broaden influence beyond the United States, even as aides warn of political and economic limits.
The LA County DA has charged Carlos Mencia with 12 counts for failing to report personal and corporate taxes from 2019 to 2024, alleging more than $8.7 million in income and over $300,000 in unpaid taxes. Bail was reduced to $50,000 pending further proceedings; a first court appearance is scheduled.
Developments from Haberman and Swan's Regime Change reveal ongoing clashes over Rose Garden redesigns and other White House decor, with staffers caught between two Trumps as Melania and Donald pursue starkly different visions. The book also details Musk’s overnight stays and other high-profile interruptions to White House life.
A federal crackdown targets healthcare fraud across the United States. More than 450 defendants, including doctors, nurses and clinic owners, are charged in schemes that falsified records, billed for unrendered or unnecessary care, and laundered funds. Several defendants have faced seizures and high-value assets, with charges spanning Medicare and TRICARE programs.
Germany’s pension commission has proposed a fund-based pillar, with mandatory employer and employee contributions invested in markets. It also recommends gradually increasing retirement age to about 70 by the early 2090s and scrapping early retirement options, with swift parliamentary action anticipated.
New data shows uncollected council tax in England rose to 7.4 billion pounds by March, with Scotland and Wales figures pushing totals higher. Charities warn of a widening affordability crisis as collection rates remain high but many struggle with essential bills. Authorities propose reforms to ease payments and reduce penalties.
The SAVE income-driven repayment plan has ended and servicers have begun notifying roughly 7–7.5 million borrowers that they have 90 days from their notice to choose a replacement. New Department of Education rules that took effect on July 1 have created a Repayment Assistance Plan and a Tiered Standard plan, tightened graduate and Parent PLUS borrowing caps, and added a temporary autopay interest discount.
Trump Accounts are launching with a $1,000 federal seed for babies born 2025–2028, with philanthropic and employer contributions expanding the program. Morningstar warns outcomes depend on ongoing contributions and owner behavior; leakage could erode gains. Companies pledge to match and push auto-enrollment to broaden reach.
The White House has removed two Democratic members of the Election Assistance Commission and accepted a Republican member’s resignation, narrowing the panel ahead of the midterms. The action follows a Supreme Court ruling expanding presidential authority over independent agencies and comes amid broader moves to shape election administration. Agencies warn officials of potential prosecutions for interfering with voting and residents are urged to ensure compliance with new election rules.
A US federal judge has sanctioned Trump’s lawyers and referred one attorney to state bars amid questions over an $1.8 billion fund linked to a settlement in the president’s IRS lawsuit. The ruling casts the case as improper and possibly strategic rather than a genuine dispute.
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.
Alphabet has expanded its Miami footprint to about 45,000 square feet, in the financial district, alongside billionaire co-founders Larry Page and Sergey Brin moving to South Florida amid tax policy discussions in California. The move follows prior real estate purchases and signals a broader shift of tech investment to Florida.