U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index dropped from 105.3 in January to 98.3 this month, the largest month-to-month decline since August 2021. With U.S. consumer spending accounting for about 70% of […]
U.S. President Donald Trump issued a series of executive actions after taking office Monday, including moving to withdraw from international health and climate bodies and directing a suspension of U.S. foreign aid. A set of orders focused on immigration, such as declaring an emergency on the U.S.-Mexico border, ending asylum and halting birthright citizenship for […]
U.S. President Joe Biden, who announced Sunday that he would not seek reelection in this year’s presidential race, has served in Washington for nearly half a century — in the Senate, as vice president and, lastly, in the Oval Office. When Biden leaves the White House in January, he will have spent almost his entire […]
The U.S. Internal Revenue Service said Thursday it has recovered $1 billion in unpaid taxes from high-wealth tax evaders, marking a significant achievement in its efforts to enforce tax compliance. “With this collection activity, the IRS has passed an important milestone in our efforts to improve compliance and ensure fairness in the tax system,” said […]