Estimated read time 2 min read
Politics

Trump Unveils $6,000 Senior Tax Deduction

In a recent announcement, President Donald Trump introduced a new tax deduction of $6,000 for seniors and assured his support for Social Security. Frank Bisignano, the Commissioner, shared insights on ongoing modernization efforts. Despite these updates, analysts have expressed concerns regarding potential insolvency risks and uneven benefit distributions, while the administration highlights its anti-fraud initiatives.

Estimated read time 3 min read
Politics

Christine Lagarde Warns Trump About Federal Reserve Influence

Christine Lagarde has cautioned Donald Trump, stating that meddling with the Federal Reserve could destabilize the US economy. As the president of the European Central Bank, she emphasized the necessity for central banks to maintain their independence to effectively manage inflation and support economic growth.