The U.S. federal tax authority
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 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.
Carlos Mencia has been charged by Los Angeles County prosecutors with six counts of personal tax fraud and six counts of corporate tax fraud relating to income from 2019 to 2024, totaling over $8.7 million. He remains in custody on bail as the case unfolds, with the Business Tax Fraud Unit leading the investigation.
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.
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.
Trump has endorsed Darline Graham Nordone in the South Carolina special Senate race, prompting rival candidates to pledge loyalty to the president and outline paths to victory. Sanford, Fry, Norman and Lynch have entered the race, while Gowdy remains a potential wildcard. The field is consolidating around pro-Trump positions and policy priorities.
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 been confirmed as attorney general in a 50-49 vote, ending weeks of Republican opposition surrounding the handling of Epstein documents and an anti-weaponization fund. Cassidy voted in favor; Collins and Murkowski opposed. Blanche will lead the DOJ, continuing the department’s alignment with the White House while facing scrutiny from survivors and critics.
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.
Blanche secures confirmation as U.S. attorney general after Republicans accept a written order clarifying that the nearly $1.8 billion anti-weaponization fund has been terminated. The order also narrows the scope of a tax-audit immunity deal to cover only the plaintiffs named in the IRS settlement, while leaving the broader immunity in place.
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.
Todd Blanche has been confirmed 50–49 as U.S. attorney general and sworn in at the White House. He has served as acting attorney general since April, previously represented the president, and has rescinded a proposed $1.8bn compensation fund while facing criticism that he is politicising the Justice Department and presiding over mass departures.
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 roundup of recent reports shows Americans face higher living costs and tighter budgets. Survey data indicate many households lack emergency savings, while inflation remains above the Fed's target. Analysts warn about potential changes to Social Security COLA and the long-run funding of the program.
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.
A series of articles from The Scotsman and Independent outline practical steps for people in their 50s and beyond to evaluate debts, consolidate pensions, and plan retirement. The guidance emphasizes starting early, understanding employer matches, reviewing old pensions, and building cash reserves to weather job loss or emergencies.