House to Vote on Bill Aimed at Slashing $72 Billion From IRS

The House is set to vote on a bill Monday night that would slash billions from the IRS, fulfilling newly elected GOP Speaker Kevin McCarthy’s pledge to cut the agency’s funding in an effort to prevent audits on Americans.

Kevin Mc Carthy Elected House Speaker After Turbulent Voting

Republican Kevin McCarthy of California won the election early Saturday as the U.S. House of Representatives speaker in a historic five-day battle after making concessions to legislators who questioned his conservative credentials.

McCarthy appeals to holdouts as House sits in limbo

The House sat in limbo for a third day while Republicans scrapped over the speaker’s gavel, but a deal that would end the gridlock has been offered, according to allies of Rep.-elect Kevin McCarthy and sources close to the talks.

S&P 500 companies suffer worst losses since 2008 global financial meltdown

Stocks saw their worst performance since the 2008 global financial crisis as the Standard & Poor’s 500 Index fell 10 points to close at 3,840 by the end of 2022, CBS News reports. A market-capitalization-weighted index of 500 leading US publicly traded companies and a key gauge of the stock market overall; the S&P 500 index was down 19.4% by the end of last year.

Ex-President Trump Under Pressure Over Tax Returns

Former U.S. President Donald Trump faced more hurdles on his attempted path to re-election Saturday after Democrats in Congress released thousands of pages of what they view as controversial tax returns.

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