February 21, 2025

News Summary The IRS has announced significant layoffs affecting approximately 200 employees in Denver as part of a nationwide reduction involving around 7,000 positions. Many affected were newly hired workers handling vital tasks related to tax compliance and enforcement. The layoffs raise concerns about the future operational capabilities of the IRS, especially with the upcoming tax season, and the agency’s ability to pursue high-wealth tax evaders. Additionally, the National Treasury

News Summary Governor Kathy Hochul announced her decision not to remove NYC Mayor Eric Adams from office despite ongoing corruption allegations. Stressing democratic principles, she plans to introduce new legislation for increased oversight of Adams’ office. With public pressure mounting for action against the mayor, Hochul’s proposed changes aim to enhance accountability within the administration. As legal issues loom for Adams, the scenario continues to evolve, posing critical implications for

News Summary Former President Donald Trump has unveiled a new plan that aims to return a portion of government savings to American taxpayers through a ‘DOGE Dividend.’ During the FII Priority Summit, Trump announced that 20% of savings identified by Elon Musk’s Department of Government Efficiency would be distributed to citizens, while another 20% would help reduce the national debt. As inflation rises and financial concerns persist, this initiative seeks

News Summary On his 83rd birthday, Senate Minority Leader Mitch McConnell has officially announced he will not seek reelection in 2026, marking the end of his 38-year Senate career. This announcement comes amid ongoing health concerns and reflects McConnell’s lengthy journey and significant influence over American politics. As discussions about potential successors arise, the Republican Party faces a pivotal moment of change. McConnell’s legacy includes key legislative efforts and a