Taxes
California business exodus expands as KB Home heads for Arizona
KB Home, a multibillion-dollar homebuilding company based in Los Angeles since 1964, is moving to Arizona -- the latest in a steady caravan of businesses fleeing California's high taxes and complex regulations.
Secret Service says Trump ballroom would get $220 million, not $1 billion, for ‘hardening’ security
The Secret Service wants Congress to give it $1 billion for security but says $220 million of it, rather than the full amount, will be spent on the White House ballroom project.
Trump pushes for suspension of federal gas tax during war with Iran
President Trump said Monday he would like to suspend the federal gas tax to alleviate costs during the war with Iran.
215,000 federal workers were delinquent on their taxes
Some 215,000 U.S. government workers were delinquent on their federal taxes in 2024, the IRS' inspector general reported Monday, and said things are steadily getting worse.
University of Maryland to cut 150 jobs as state and federal funds dwindle
The University of Maryland is eliminating up to 150 jobs and freezing all new hiring as it's caught between a state budget deficit and the Trump administration's cuts to federal research funding.
Trade court strikes down Trump’s second attempt at global tariffs
A federal trade court on Thursday invalidated President Trump's attempt to impose a global tariff of 10% after he faced a loss at the Supreme Court over a separate set of broad levies.
Aide to Democratic Rep. Danny Davis indicted for pandemic fraud
A long-time aide to Democratic Rep. Danny Davis has been indicted on charges of claiming unemployment benefits during the coronavirus pandemic, even though he was working for Congress the whole time.
IRS may owe you a refund for coronavirus-era fines. Here’s how to apply
Tens of millions of taxpayers who were penalized by the IRS during the coronavirus pandemic for failing to pay their taxes or filing late may qualify for a refund or termination of the penalties they incurred during that period.
Candidates for California governor tangle in testy debate with mail voting already underway
Seven candidates who want to be California's next governor kicked off their latest debate Tuesday with sharp attacks on each other on issues from gas prices and taxes to immigration in a race that has no clear leader.
Virginia governor won’t rule out taxes on gym memberships and streaming services
Virginia Gov. Abigail Spanberger said she'll consider taxing everyday services in the state, including gym memberships, dog walking and streaming services, to raise "revenue that's necessary."
GOP bill earmarks $1B in taxpayer funds for ballroom Trump said donors would cover
Senate Republicans have expanded the scope of their immigration enforcement funding package to include $1 billion for security upgrades in the White House ballroom project and $1.5 billion for the Justice Department's investigative and prosecutorial efforts.
Trump touts administration’s wins for small businesses at White House summit
President Trump hosted a White House summit with small business owners on Monday to promote his economic agenda ahead of a midterm battle focused on affordability.
Homeland Security shutdown ends hours before workers would have gone without pay again
The 76-day shutdown of the Department of Homeland Security, the longest funding lapse in U.S. history, is over.
Tax refunds, AI boom have offset some U.S. economic pain from Iran war and high gas prices, so far
Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset - for now anyway - by big tax refunds and an investment boom driven by artificial intelligence.
House passes farm bill with historic GOP backing as Congress races to finish agenda
The House is one step closer to completing its packed legislative agenda for the week after passing a farm bill reauthorization on Thursday.
Pentagon confirms U.S. has spent $25 billion on war with Iran
The U.S. has spent about $25 billion to fund Operation Epic Fury, which began Feb. 28 and is aimed at eliminating Iran's nuclear arsenal and offensive missile capability.
Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects
The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating.
Hegseth calls House Democrats the biggest obstacle facing U.S. in Iran
A hearing that was supposed to be about the fiscal 2027 military budget turned into a partisan shouting match about the Iran war as Defense Secretary Pete Hegseth appeared before Congress for the first time since the conflict started.
Luxury car drivers get food stamps; USDA targets legal loophole
Thousands of food stamp recipients have been cruising to the grocery store in Maseratis, Lamborghinis, Porsches and other extravagant cars, a federal investigation uncovered.
The federal government made at least $186 billion in improper payments in a single year
Federal agencies made an estimated $186 billion in improper payments in the 2025 fiscal year, according to a new government report.