Business

The Internal Revenue Service has staked out the position that churches may discuss electoral politics without running afoul of tax-exempt status law.The IRS, and other parties involved in a lawsuit, expressed the view in a court filing."The text of the Johnson Amendment may cause certain otherwise tax-exempt organizations to lose their § 501(c)(3) status if they ‘participate in, or intervene in . . . , any political campaign on behalf […]

Smoke from a battery fire led a Florida-bound Delta Air Lines flight to land in Fort Myers on Monday rather than its original destination on the opposite coast. Delta Air Lines Flight 1334 was on its way to the Fort Lauderdale-Hollywood International Airport on Monday morning but landed at Southwest Florida International Airport after members of its crew "reported smoke in the cabin," according to the FAA. It made a safe arrival […]

Republicans' One Big Beautiful Bill Act is overhauling the federal food stamps program to require states to pick up the tab when they have error rates above a specific threshold starting a few years from now.The GOP Congress passed the One Big Beautiful Bill Act last week despite thin majorities in the House and Senate. While much of the bill focused on tax cut extensions and other changes to tax policy, […]

New York City Mayor Eric Adams blasted Democratic rival Zohran Mamdani’s pro-affordability efforts as unrealistic, warning that idealistic promises like eliminating bus fares and implementing rent freezes may sound positive to some on the front end, but ignore the truths facing working-class New Yorkers."All of these things sound good because the affordability issue is real," Adams told "Mornings with Maria" guest host Cheryl Casone on Tuesday."I grew up in poverty. […]

O’Leary Ventures Chairman and "Shark Tank" co-host and investor Kevin O’Leary directed blistering criticism of New York City mayoral candidate Zohran Mamdani’s economic policies during a recent Fox News appearance.The businessman, appearing Friday on Fox News, said policies that Mamdani is campaigning for mayor on will cause money and business to leave the Big Apple. "You can’t do this in an environment where there’s competition of other states," O’Leary said.ACKMAN BACKS […]

The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration.The Labor Department's jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May — while the number of foreign-born workers has declined by more than 543,000 jobs since January.By contrast, the number of U.S.-born workers increased by 830,000 from […]

The Trump administration's Department of Energy (DOE) on Monday released a report that found currently scheduled retirements of energy-generating facilities coupled with delays in bringing new power sources online could lead to a rise in blackouts by the end of this decade.DOE's report found that with about 104 gigawatts of energy-generating capacity scheduled to be retired by 2030, power outages could see a significant rise if that capacity isn't replaced […]

President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both chambers of Congress, Republicans are well-positioned to use the debt limit as a tool in a classic display of political brinkmanship. As the U.S. government nears a fiscal cliff, Republicans could potentially use the looming deadline to pressure Democrats into making […]

President Donald Trump threatened to hit members of the BRICS alliance — including China, Russia and India — with an additional 10% tariff for being "anti-American."His announcement came as the alliance was hosting its yearly summit in Rio de Janeiro, Brazil."Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy," Trump said in a post on […]