Lawmakers want to cap the federal deduction for state and local taxes (SALT). Specifically, they’re looking at potential preventive and therapeutic changes to the currently arbitrary cap. The Tax Cuts and Jobs Act (TCJA) of 2017 set the current SALT cap. Now households can deduct no more than $10,000 in...
Attorneys general from 20 states and the District of Columbia have already fired the opening shot by launching a lawsuit against the Trump administration. They’re challenging the dismissal of more than 1,300 workers at the U.S. Department of Education. Her workforce-loving, swamp-draining lawsuit alleges that the layoffs are intended to...
Unfortunately, the Trump administration seems determined to press ahead with its reciprocal tariff plan, which is still due to start on April 2. The plan goes out of its way to ensure a level playing field. It does this by assigning tariff rates to countries based on the duties those...
Under the management of the Trump administration, the U.S. After temporary implementation by the U.S. Department of Education, the Small Business Administration (SBA) will assume this role. Almost overnight, President Donald Trump signed an executive order to begin dismantling the Education Department entirely. Consequently, the SBA supplanted its duties for...
The Social Security Administration (SSA) is facing scrutiny over planned staff reductions and office closures, prompting concerns from Democratic Senators Elizabeth Warren and Ron Wyden. These cuts will affect over 7,000 employees. This has raised alarm bells about whether this could lead to interruptions in benefit payments and greatly hinder...
A federal judge in Boston has ordered the temporary restoration of teacher preparation grants that the Trump administration previously terminated as part of its initiative to end diversity, equity, and inclusion (DEI) programs. The lawsuit was initially filed last Summer after the administration’s decision to terminate over 100 educator preparation...
Bitcoin (BTC) hit two-week highs. This surge was largely fueled by speculation that the US government was preparing to rollout a comprehensive pro-crypto framework. The market's positive reaction stemmed from signals that policymakers are considering two rate cuts by the end of 2025. Bitcoin continued to ride the wave from...
Bitcoin has if anything been showing a lot of renewed strength as it breaks important technical downtrends and reclaims key moving averages. This positive momentum coincides with concerns over the Federal Reserve's cautious economic outlook, adding a layer of intrigue to Bitcoin's resurgence. Bitcoin Breaks Key Downtrends All this comes...
Well, President Donald Trump signed an executive order Thursday that will take us a lot further in that direction by destroying the U.S. Department of Education. Today’s move signals a change in federal oversight of education and student financial aid more generally. The Education Department is in charge of managing...
On March 25, IMX, the token associated with crypto gaming platform Immutable, jumped more than 15%. It got as high as almost $0.74 at the peak of this spectacular run. All this growth came just a week or two after Immutable’s announcement that the SEC had finished its inquiry and...
Since that initial effort, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has been pretty busy adding 80 organizations to its “entity list.” Over half of these folks are based in China. This move prevents US firms from shipping technologies to these groups without government licenses. The...
Ether is on track to have its worst Q1 since 2018. This bearish move has sent XEN to its lowest ETH/BTC ratio since May 2020. The overall cryptocurrency market was in a downtrend since the beginning of the year. Even with this bear market, many cryptocurrency observers are bullish on...
Ellen Pompeo, star of the long-running medical drama "Grey's Anatomy," revealed the pivotal role Shonda Rhimes played in securing her $20 million-a-year contract. Pompeo discussed her journey to achieving financial independence and advocating for other women in a recent appearance on the "Call Her Daddy" podcast. The actress emphasized the...
23andMe, the California-based personal genomics company, has today made a formal Chapter 11 bankruptcy protection filing. This decision deepens uncertainty about the long-term fate of its extensive genetic database. The company has faced recent and unprecedented scrutiny by the public for its data privacy practices. Now, as part of the...
Bitcoin now stands at a historic crossroads. This price is right around the cost basis for short-term whales and hyperactive addresses. When looking at Bitcoin’s position locally/historically, there are high odds at a major rally. Stay tuned for more thrilling news in the next few months! Notable levels like this...
This company, GameStop, has in part chosen to park some of their corporate cash reserves into Bitcoin. This decision is made all the more surprising given the company recently announced a staggering net income of $131.3 million for their fourth quarter. The board’s vote of unanimous confidence authorized the entire...
Bitcoin made an intraday high of $88,752 on March 24 only to find itself unable to make a clear higher high since that date. Per IntoTheBlock’s latest analysis, this could be the result of Bitcoin whales opening up short positions at the $88,000 price mark, blocking any more upward momentum....