Colorado is facing another tough year when it comes to money. Lawmakers are getting ready for a tough time, as the state's income is expected to drop. This means they will have to cut spending by a lot, around $850 million. They already cut $1. 2 billion this year and another $783 million over the s
In recent times, the U. S. military's actions in the Caribbean have sparked a heated debate. A top military official, Pete Hegseth, has been under scrutiny after reports suggested he ordered a second strike on a suspected drug boat, ensuring no survivors. This incident, which occurred in September,
Britain is in a bit of a pickle. Many wealthy folks, from tech moguls to football team owners, have been packing their bags and leaving the country. Why? Higher taxes. Now, the UK's finance boss, Rachel Reeves, is trying to fix this issue. In her recent budget, Reeves aimed to soften the blow of a
Russia's government has decided to ease up on a planned tax increase for small businesses. This change comes after a lot of pushback from business owners who were worried about the impact. Initially, the plan was to make businesses with revenues between 10 million and 250 million roubles pay a 5% va
The person in charge of the U. S. tax agency's digital currency team, Trish Turner, is stepping down. This move happens just as new tax rules for cryptocurrencies are about to take effect. Turner is leaving for a job in the private sector, and it's not clear who will take over her role. The IRS has
A recent discussion has sparked interest in a potential change to capital gains taxes on home sales. The idea, floated by a prominent political figure, suggests eliminating these taxes entirely. This has led some to speculate about the implications for homeowners. Currently, capital gains taxes app
The "big, beautiful bill" signed into law on July 4, 2025, is said to boost the economy and improve financial stability. However, a closer look shows it may widen the wealth gap, especially for low-income and minority communities. The racial wealth gap in the U. S. is already huge. Between 2019 and
Health Savings Accounts (HSAs) are a rare win in the world of politics. They are supported by people from all sides and help people take control of their healthcare costs. The recent "Big Beautiful Bill" has made some improvements to HSAs, but there's still more to be done. In an ideal world, peopl
The recent tax bill signed into law has some surprising twists for private colleges. While big names like Princeton, MIT, and Harvard will see higher taxes on their endowment earnings, smaller schools with significant wealth are getting a break. This shift comes from a change in the rules that now e
The recent passage of a massive tax and spending bill has sparked a heated debate between Republicans and Democrats. Republicans are celebrating the bill's tax cuts and increased defense spending, while Democrats are criticizing the cuts to Medicaid and food stamps. The bill, which includes $4. 5 t
