IRS to phase in automatic penalty relief for taxpayers with timely histories
The IRS says a new automatic process will begin phasing in during summer 2026 for eligible taxpayers with three years of timely filing and payment history.
United States
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U.S. seizes more than 1,000 domains accused of illegally streaming 2026 World Cup matches
The Justice Department says federal agencies seized more than 1,000 internet domains used to offer unauthorized real-time streams of 2026 FIFA World Cup matches.
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USDOT robotics competition sets Aug. 10 deadline for transportation-safety and infrastructure proposals
The U.S. Department of Transportation has opened its first national robotics-in-transportation competition, with submissions due Aug. 10, 2026, at 5 p.m. ET.
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Airbnb shares rise 17.4% after reported earnings beat, but official figures remain unavailable
Airbnb shares jumped after the Associated Press reported that the company exceeded analyst expectations for quarterly profit and revenue. The company’s detailed Q2 figures and guidance were not available in its investor-relations archive searched for this report.
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Social Security urges beneficiaries to switch to electronic payments before 2026 paper-check phaseout
The Social Security Administration says it plans to complete the nationwide move to electronic payments during 2026 and is urging beneficiaries who still receive paper checks to establish direct deposit.
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Coast Guard sets three-hour safety zone on Rainy Lake for August 8 fireworks
A final Coast Guard rule will restrict vessel and person access within 200 yards of a fireworks barge on Rainy Lake near Ranier Beach Park in Minnesota.
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25 States Challenge Trump Administration’s New Tariffs in Federal Court
A coalition of 25 states sued over tariffs of 10% and 12.5% on goods from 60 trading partners, arguing the administration exceeded its authority.
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U.S. imposes 10% or 12.5% tariffs on goods from 60 trading partners
The U.S. Trade Representative finalized additional tariffs tied to alleged failures to block forced-labor imports, with exemptions for some products and USMCA-compliant goods.
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GAO Finds Federal Inspectors-General Integrity Panel Missed Deadlines and Lacked Consistent Oversight
A Government Accountability Office review found that the Integrity Committee did not consistently follow required timelines, documentation practices and oversight procedures for complaints involving senior inspectors-general officials.
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Trump cuts Bears Ears and Grand Staircase-Escalante national monuments by about 90% each
President Donald Trump signed proclamations reducing the two southern Utah monuments from more than 3.2 million acres combined to less than 303,000 acres, reversing protections restored by the Biden administration.
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FTC proposes policy statement targeting deceptive claims about AI accuracy
The Federal Trade Commission says it is considering how Section 5 could apply when companies marketing artificial-intelligence systems suppress, obscure or misrepresent information about accuracy.
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New federal student-loan repayment plans and borrowing limits take effect nationwide
Federal student-loan borrowers and prospective students face new repayment choices, revised borrowing limits and a new pathway for short-term workforce programs to qualify for Pell grants.
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Tax-exempt labor organizations agree to $3.85 million settlement over allegedly improper PPP loans
Four labor organizations and an affiliated welfare fund agreed to pay $3.85 million to resolve federal allegations that they falsely certified their eligibility for Paycheck Protection Program loans.
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CMS proposes Medicare outpatient-payment changes to reduce site-of-care cost differences
The proposed changes would affect Medicare payments to hospital outpatient departments and ambulatory surgical centers beginning in calendar year 2027, but rates are not final.
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Census study finds child-care disruptions cost affected households an average 65.8 workdays
A U.S. Census Bureau working paper finds that child-care costs and access problems affected household finances and work decisions in 2024.
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CFPB Revises Small-Business Lending Data Rule and Delays Compliance to 2028
The Consumer Financial Protection Bureau issued a final rule changing small-business lending data requirements and extending the compliance date to Jan. 1, 2028.
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June job openings dipped while hiring rose, BLS data show
U.S. employers reported about 7.4 million open jobs in June, while hiring rose to roughly 5.2 million, according to new Bureau of Labor Statistics data.
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Darden’s fiscal 2026 results reflect closures, Chuy’s integration and Olive Garden Canada sale
Darden Restaurants reported fiscal 2026 results showing adjusted diluted earnings per share of $10.64, while restaurant closures, impairments, the Chuy’s integration and the sale of Olive Garden Canada shaped the company’s results.
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Judge pauses Paramount-Warner Bros. merger, delaying one of Hollywood’s largest proposed combinations
A federal judge ordered Paramount Skydance and Warner Bros. Discovery to halt their proposed $110 billion merger for at least two weeks while states challenge the deal.
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Weak July Jobs Report Complicates Federal Reserve’s Inflation Fight
U.S. employers cut 23,000 jobs in July, adding pressure for caution on interest rates while inflation remains elevated ahead of the next CPI report.
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U.S. employers cut 23,000 jobs in July as labor-force participation fell
A new federal employment report showed an unexpected July job decline and the lowest labor-force participation rate since February 2021, adding pressure to the Federal Reserve’s policy outlook.
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VA expands rental-assistance program with $200 million for veteran households
The Department of Veterans Affairs says it will provide $200 million to 238 nonprofit organizations serving eligible low-income veteran households nationwide.