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Subscribe to enjoy similar stories. President Donald Trump on Friday called for credit-card companies to cap the interest rates they charge customers, as the president leans harder into addressing consumers’ affordability concerns. “Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%," he said in a Truth Social post.

Volodymyr Zelenskyy, garnering attention for his dignified demeanour during a contentious White House meeting with US President Donald Trump. The encounter resulted in an 'unprecedented disaster' as Trump and VP JD Vance engaged in a 'shouting match' whilst 'berating' Zelenskyy. An American reporter, Brian Glenn, Chief White House Correspondent at Real America's Voice, questioned Zelenskyy's choice of attire — his signature black sweater. Zelenskyy responded with poise, stating, «I will wear a (suit) costume after this war finishes, yes. Maybe something like yours, yes, maybe something better. I don't know, we will see. Maybe something cheaper. Thank you.» The situation deteriorated when Trump and Vance collectively accused Zelenskyy of «disrespecting» the U.S. The meeting concluded abruptly, with Zelenskyy departing without securing a crucial minerals agreement intended for a US-brokered truce.

Donald Trump has appointed former Democratic Representative Tulsi Gabbard to be the next director of national intelligence, according to an AP report. This role sits at the top of the nation’s intelligence agencies and serves as the president’s main intelligence adviser. As per an AP report, Gabbard, who has over two decades of military experience, doesn’t have the traditional intelligence background of past directors. After leaving the Democratic Party in 2022, she endorsed Trump earlier this year, gaining popularity among his base. Here’s a closer look at Gabbard:

WASHINGTON—President Biden’s announcement last week that his administration would seek to forgive billions of dollars’ worth of federal student loans was cheered by progressives, the latest in a string of actions he has taken to shore up support from the left—annoying the center in the process. That has some Democrats worrying he is making a big mistake.

(Reuters) -The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger (NYSE:KR)'s near-$25 billion acquisition of Albertsons (NYSE:ACI), Bloomberg News reported on Thursday, citing a person familiar with the plan.

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until Nov. 13. 

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.

The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.

FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan. 

A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”