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Trump floats wider IRS tax exemption crackdown

President Trump on Thursday floated a wider crackdown on tax-exempt entities after his administration asked the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status this week. “Tax-exempt status, I mean, that’s a privilege. It’s really a privilege. And…

Defense, foreign policy issues to watch for in Trump’s speech

The president is expected to tout his sweeping efforts to reshape the government, crack down on immigration and reorient U.S. foreign policy on the heels of an Oval Office spat with Ukrainian President Volodymyr Zelensky. Among the things to watch…

Fight over Trump’s spending powers boosts shutdown odds

Congressional negotiators racing to avert a government shutdown next month appear to have hit a wall on the question of whether to limit President Trump’s powers to spend the money. On one side of that divide are Democratic appropriators, who…

Trump, Mexican president agree to delay tariffs for one month

President Trump and Mexican President Claudia Sheinbaum said they have agreed to delay tariffs by at least one month, following a call between the two leaders Monday. The 25 percent tariffs on Mexico were to be implemented Tuesday. Both Trump…

Trump axes Biden-era ethics order, lobbying restrictions

Amid a flood of executive orders signed Monday, President Trump revoked an executive order signed by former President Biden that set ethics and lobbying rules for appointees. The Biden-era executive order banned gifts from lobbyists and expanded the requisite “cooling…

How business is bracing for a US-China trade war

President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that Trump kicked off in 2018 during his…