Trump’s ‘no tax on tips’ plan covers unexpected jobs
The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge and salon workers—and some surprise occupations.
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Left and right join forces over bill to ban lawmakers from trading stock
Lawmakers who agree on little else gathered to promote a ban that polls well with voters and appears to be finding new momentum after stalling out in previous sessions of Congress.
Trump asks Supreme Court to quickly take up tariffs case, reverse ruling finding them illegal
The ruling involves two sets of import taxes, both of which Trump justified by declaring a national emergency.
Judge reverses Trump administration’s cuts of billions of dollars to Harvard University
The government had tied the funding freezes to antisemitism, but the judge said the university’s federally backed research had little connection to discrimination against Jews.
Will Power lands at Andretti Global after parting ways with Team Penske
Power closed the door on his 17-year career with Team Penske with the announcement Wednesday that he will replace Colton Herta at Andretti Global.
Colton Herta named test driver for Cadillac Formula 1 team
Herta will not compete in IndyCar in 2026, and the racing plans for next season for the 25-year-old will be announced at a later date.
US job openings slipped in July amid cooling market
The Labor Department reported Wednesday that job openings fell from 7.4 million in June and came in modestly below what economists had forecast.
Athletes sue NCAA over redshirt rule in case that could cover thousands
The lawsuit filed Tuesday alleges the Indianapolis-based NCAA violates U.S. antitrust laws with how its redshirt rule covers playing time for athletes during five seasons of eligibility.
Federal judge orders search shakeup, not breakup, in Google monopoly case
The Justice Department’s antitrust chief, Gail Slater, hailed the decision as a “major win for the American people,” even though the agency didn’t get everything it sought.
Coming price cuts at McDonald’s might signal broader fast food price war
Fast food visits by lower-income consumers dropped by double-digit percentages industrywide in the second quarter, McDonald’s said.
Will Power out at Penske: Team confirms Australian will not return for 18th season
Power, 44, won two IndyCar titles and the Indianapolis 500 for Roger Penske. He ranks fourth all-time in IndyCar victories.
Trump plans hefty tax on imported drugs, risking higher prices, shortages
The threat comes as Trump also pressures drugmakers to lower prices of pharmaceuticals in the United States.
Government shutdown looms as Congress returns after monthlong August recess
The annual spending battle will dominate the September agenda, along with a possible effort by Senate Republicans to change their chamber’s rules to thwart Democratic stalling tactics on nominations.
PBS, NPR stations struggle with Trump-fueled government funding cuts
No stations have shut down, but job and programming cuts are already beginning.
ICE’s arrest of police officer raise questions about E-Verify
About 23 states, including Indiana, require E-Verify for at least some public and/or private employers.
Duty-free no more: Parcels worth less than $800 no longer qualify for tariff exemption
The national postal services of more than 30 countries have temporarily suspended sending some or most U.S.-bound packages.
Key inflation gauge holds mostly steady, while core inflation ticks up
The report showed that consumer spending picked up last month and could boost economic growth.
Trump fires member of Surface Transportation Board ahead of huge rail merger decision
The board is set to consider Union Pacific’s $85 billion acquisition of Norfolk Southern in the next two years before deciding whether to approve the nation’s first transcontinental railroad.
US economy grew more than originally estimated in second quarter, government says
The Commerce Department reported that consumer spending and private investment were a bit stronger in the second quarter than it had first estimated.
Federal Reserve official sues Trump over attempt to fire her
The case could become a turning point for the 112-year old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.