As the dust settles in Washington over the Senate tax reform, clear winners and losers are emerging. Tobie Stanger, Senior Editor at Consumer Reports, breaks down the pros and cons of this potential bill.
Stanger's clear winners: Those who take the standard deduction, families with dependents, teachers of grades K-12, people with expensive medical bills, and wealthy, self-employed people.
Plus, there is a clause that gives a tax break to people who own golf courses. We'll let you take a guess at who owns several courses in America...
Israel rolled tanks into northern Gaza for what the military called a targeted raid aiming to destroy Hamas infrastructure. Meanwhile, the UN Security Council failed to pass two separate resolutions proposed by the U.S. and Russia on humanitarian aid for civilians in Gaza.
Republican Mike Johnson is the new speaker of the House, but the ally of Donald Trump inherits many of the same political problems that have tormented past GOP leaders.
President Joe Biden on Wednesday spoke out against retaliatory attacks by Israeli settlers against Palestinians in the West Bank in the aftermath of the Oct. 7 Hamas attacks on Israel. He also says he's redoubling his commitment to working on a two-state solution.
The U.N. warned on Wednesday that it is on the verge of running out of fuel in the Gaza Strip, forcing it to sharply curtail relief efforts in the territory blockaded and devastated by Israeli airstrikes since Hamas militants launched an attack on Israel more than two weeks ago.
The judge in Donald Trump’s civil fraud trial fined the former president $10,000 on Wednesday, saying Trump violated a limited gag order barring personal attacks on court staffers.
Republicans eagerly elected Rep. Mike Johnson as House speaker on Wednesday, elevating a deeply conservative but lesser-known leader to the seat of U.S. power and ending for now the political chaos in their majority.
