The Social Security Administration (SSA) is anticipated to announce a Cost-of-Living Adjustment (COLA) of approximately 2.4% for 2026, marking the smallest increase since 2021.
Elon Musk has stepped down as head of the Department of Government Efficiency (DOGE) after a brief but contentious tenure, citing disagreements with President Donald Trump over a substantial federal spending bill.
The U.S. electric vehicle (EV) industry is confronting significant challenges as trade tensions between the United States and China intensify.
As of late May 2025, the IRS has begun issuing tax refunds for the 2024 tax year, with many taxpayers already receiving their payments.
The U.S. Treasury Department has announced plans to discontinue the production of the penny by early 2026, marking the end of over two centuries of the one-cent coin’s circulation.