The G7 recently made a big decision. They agreed to let the US off the hook on a global minimum tax. This tax was supposed to apply to all big companies worldwide. The idea was to make sure everyone pays their fair share. But the G7 said the US doesn't have to follow this rule, at least not right now. This deal comes at a tense time. The US and the EU are in the mid...

The US Treasury has made a request to Congress to eliminate a specific part of Donald Trump's budget plan. This part, known as Section 899, was meant to impose extra taxes on investments from certain countries. The Treasury believes this rule is no longer necessary because of a recent agreement with other major economies. The Treasury secretary, Scott Bessent, expla...