45 h. ago Newsom is warned of ‘criminal tax evasion’ if he withholds federal taxes

California governor made threat amid reports Trump is weighing huge federal funding cuts targeting stateThe US treasury secretary, Scott Bessent, has warned California governor Gavin Newsom that he would be guilty of “criminal tax evasion” if he withholds his state’s tax payments to the federal government amid threats of a funding cut by Donald Trump.Newsom had threatened to cut tax payments to the federal government two days ago after reports that Trump was preparing huge federal funding cuts targeting Democrat-dominated California, including its state university system. Continue reading...

Events

4 d. ago Impeachment, Epstein and bitter acrimony: Trump and Musk joust in astonishing social media duel

Tensions over the Republican spending bill burst into public view as the president’s relationship with his former adviser deterioratedTesla share plunge amid Trump feud wipes $152bn off companyElon Musk called for Donald Trump’s impeachment and mocked his connections to the convicted sex offender Jeffrey Epstein, as the US president threatened to cancel federal contracts and tax subsidies for Musk’s companies, in an extraordinary social media feud that erupted between the former allies on Thursday.The deterioration of their once close relationship into bitter acrimony came over the course of several remarkable hours during which the president and the world’s richest person hurled deeply personal insults over matters significant and insignificant. Continue reading...

Politics

1 week ago Former New York Police Commissioner Bernie Kerik, who pleaded guilty to federal tax fraud, has died

Bernie Kerik, who served as New York City’s police commissioner on 9/11 and later pleaded guilty to tax fraud before being pardoned, has died

Events

1 week ago Hacker who beamed AI images of Trump kissing Elon Musk’s feet was working during taxpayer

Iowa Republican Senator says the stunt from a federal agency has become ‘poster child for why taxpayer-funded union time needs to end’

Economics

1 week ago Court's tariffs ruling offers US businesses a reprieve but they aren't ready to celebrate

Businesses that have been unsettled by President Donald Trump’s on again, off again tariffs don't know how much faith to put in the reprieve from a federal court that halted most of the taxes on foreign imports

Economics

1 week ago What to know about reality TV stars Julie and Todd Chrisley, who were pardoned by Trump

Reality TV stars Julie and Todd Chrisley have been pardoned by President Donald Trump after being imprisoned on federal convictions for bank fraud and tax evasion

Politics

1 week ago Musk criticises Trump’s ‘big beautiful bill’, saying tax plans undermine Doge measures – US politics live

Tesla billionaire calls legislation a ‘massive spending bill’ that will add to the federal deficitMusk says Trump tax bill weakens Doge cost-cutting measuresThe vice-president, JD Vance, is scheduled to deliver the keynote address at the Bitcoin 2025 Conference in Vegas, which will set out the Trump administration’s turbocharged approach to the US crypto industry.If you cast your minds back, it’s the same conference Trump spoke at last year in Nashville calling for America to become a “bitcoin superpower” and the “crypto capital of the planet” under his leadership.At 4:30pm ET, Trump’s sons Eric and Donald Trump Jr will speak at the very same conference in Vegas. It’s presumably an industry they feel invested in, given they back a major Bitcoin venture themselves, per Reuters. And it comes just a day after a separate family-linked business, the Trump Media & Technology Group, announced its intention to raise $2.5bn to invest in bitcoin, as the Wall Street Journal reports. And th...

Politics

4 w. ago It’s not just more babies, Republicans are pushing idea one parent should ditch work and stay at home with the kids

White House aides discussing handing families money for each child they have and removing federal tax credits for day care

Politics