August 12, 2025

u.s. congress

Funds

Rounds wins Trump endorsement after playing deal-making role in rescinding public media funds

Seth Tupper  |  South Dakota Searchlight President Donald Trump issued a reelection endorsement Monday for South Dakota’s U.S. Sen. Mike Rounds, days after Rounds helped pass Trump’s cancellation of previously approved funds for public broadcasting and foreign aid. Rounds, a Republican former governor, is serving his second term in the U.S. Senate. He’s up for

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Loans

What do you want to know about new student loan rules under Trump?

Trump claims bill will have tax savings for Wisconsin DoorDash driver While highlighting the “Big Beautiful Bill,” President Donald Trump referenced how he claims a Wisconsin DoorDash driver will benefit from tax cuts and “no tax on tips” in the spending bill. President Trump’s “One Big Beautiful Bill” introduces changes to the federal student loan

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Funds

Trump lifts freeze on education funds; $25M in Monterey County

President Trump takes US out of UNESCO for the second time President Donald Trump has withdrawn the U.S. from the culture and education agency UNESCO. The Trump administration announced on Friday it will return more than $5 billion in funding that it previously withheld from the nation’s K-12 public schools for over a month. In

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Loans

Trump’s new car loan interest deduction: Who qualifies

How to control your finances on a tight budget Living on a tight financial budget? That doesn’t mean you can’t take control of your finances. Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able

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Funds

Local station KCLU to fundraise for loss of federal funds

Senate passes bill to cut funding to public broadcasting The bill to cut more than $9 billion from public broadcasting, foreign aid and more will move on for a final House vote, then to the president. The rescission bill passed by Congress ends funding for the Corporation for Public Broadcasting, including NPR and affiliates. KCLU

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Funds

Delta agrees to pay $8.1M to settle lawsuit on claims of misusing COVID funds

The U.S. Department of Justice announced Tuesday that they’d reached an agreement to settle allegations that Atlanta-based Delta Air Lines had misused $81. million in pandemic relief funding. According to the statement from USDOJ, the airline was accused of violating conditions placed on federal relief funds for payroll support by U.S. Congress. [DOWNLOAD: Free WSB-TV

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Crypto

Florida Republicans join Trump in boosting crypto ahead of House vote

John Kennedy   | Capital Bureau | USA TODAY NETWORK – FLORIDA What is the Senate’s Genius Act? The Genius Act, along with other crypto bills, will be reviewed by the House during “Crypto Week.” Two Florida representatives elected with support from the cryptocurrency industry are expected to back a new crypto regulatory bill. The GENIUS

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Investment

Trump’s tax law expected to spur U.S. factory investment but tariffs pose risks

Mark Niquette and Michael Sasso  |  Bloomberg US manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment. Many producers this year had put spending plans on hold due to uncertainty surrounding the tax and spending legislation

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Loans

Senate awaits ‘Big, Beautiful bill’ vote. How student loans may change

The winners and losers in the ‘big beautiful bill’ These are the potential winners and losers from the tax bill, which President Donald Trump has dubbed the ‘big beautiful bill’. Congress is closer than it’s been in a long time to massively reforming college financial aid. On June 10, GOP lawmakers in the U.S. Senate

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