Amid the president's immigration crackdown, travel bans and sweeping global tariffs, the U.S. is expected to be the only one out of 184 countries to see foreign visitor spending fall in 2025, according to the World Travel and Tourism Council. read more
ICE will determine the duties assigned to the Marines. read more
The emails say nearly 9 in 10 Social Security beneficiaries won't pay income taxes on their benefits in the future. But the Trump tax law did not directly address Social Security.
Matt Wylie: Cowards. That's the only word that fits Senate Republicans who voted to pass the One Big Beautiful Bill. Each and every one of them campaigned on fiscal responsibility and waved the banner of limited government. Then when push came to shove, all but three folded. read more
The US dollar is on track for its worst year in modern history and may not be done falling yet. The greenback is down more than 7% this year and Morgan Stanley predicts it could fall another 10%. read more
More: Based on the research firm's original projections, the U.S. economy was expected to gain $16.3 billion in revenue, according to an analysis by Forbes. Instead, the total deficit may be as high as $28.8 billion.
"This is a wake-up call for the U.S. government," Julia Simpson, president and CEO of WTTC, said in a statement in May. "While other nations are rolling out the welcome mat, the U.S. government is putting up the closed' sign."
The projected decline is driven by an estimated 20 percent drop in Canadian visitors through 2025, who spent $20.5 billion and made up almost a quarter of foreign tourists who came to the U.S. last year.