Trump Returns to Capitol Hill in Bid to Shape GOP Agenda
President-elect Donald Trump meets privately with Republican senators as House and Senate leaders scramble to craft a strategy for his legislative priorities. He plans to honor Jimmy Carter's state funeral, while Republicans debate using one or two budget reconciliation bills to push tax cuts, border security, and energy policy with slim majorities.
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Donald Trump
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Mike Johnson
White House
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Pete Aguilar
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John Barrasso
Wall Street recovers as inflation fears ease
Wall Street steadied after a brief slide as mixed economic reports stirred inflation rate worries and rate-cut hopes. The S&P 500 rose 0.2 percent, the Dow gained 106 points, and the Nasdaq slipped 0.1 percent amid modest bond yield moves. Fed official Waller signaled possible rate easing in 2025, conditioned on inflation progress and a steady labor market.
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New York
Wall Street
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IRS taxpayer service improves but ERC delays linger
An independent watchdog report notes progress in IRS taxpayer service thanks to Inflation Reduction Act funding, but half a million identity theft claims and ERC refunds show long delays. The National Taxpayer Advocate cites a backlog of about 1.2 million claims and urges Congress to expand Tax Court jurisdiction and bolster Low Income Taxpayer Clinic funding.
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IRS
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Taxpayer Advocate
Erin M. Collins
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Tax Court
Landlords accused of high rent scheme
The U S Department of Justice sues six large landlords including Greystar Real Estate Partners for anti competitive practices. The suit says they used rent setting algorithms and shared data to keep rents high across 43 states. Real Page, an algorithm provider, is also named in the case.
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