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Trump's latest declaration of an emergency leaves GOP allies scrambling again The Washington PostAnna Paulina Luna has paralyzed the House, and fellow Republicans are mystified Politico'As long as it takes': Trump allies freeze House floor to pressure Senate on voter ID bill Fox NewsThe SAVE Act Comes for Everything The American Prospect
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Iran-U.S. Updates: Iran strikes vessel in Strait of Hormuz amid debate over "transit fees" CBS NewsIran strikes vessel, pausing UN efforts to evacuate ships from Hormuz CNNIran behind attack on cargo vessel near Oman in Strait of Hormuz, U.S. official tells MS NOW CNBCIran Strikes Ship in Strait of Hormuz, Undermining Efforts to Restore Traffic The New York Times
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Supreme Court hands Trump major victories on his immigration agenda The Washington PostSupreme Court gives Trump major wins on two immigration cases CNNSCOTUS rulings gives Trump more power to set immigration policy NPRWATCH: Stephen Miller says 'America's doors are closed fully to asylum seekers' after Supreme Court
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Mauricio Pochettino's World Cup lineup gamble doesn't pay off in U.S. loss to Turkey Los Angeles TimesA last-second goal ends the World Cup honeymoon for Mauricio Pochettino and the USA. Now the real work begins CNNUSA suffer late defeat to Turkey but eye Bosnia and Herzegovina in World Cup knockout stage The GuardianWorld Cup 2026: USMNT stunned by Türkiye in stoppage time, losing perfect group stage run Yahoo Sports
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Global tech sell-off deepens as South Korea's Kospi sinks 8%, S&P 500 futures fall: Live updates CNBCStocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares The New York TimesAsia stock markets slide as tech shares slump BBCSouth Korea's ‘Ant' Army Is Driving an AI Market Frenzy Bloomberg.comAsia shares retreat as Apple price hikes rain on chip parade Reuters
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USMNT player ratings: Turner 3/10 in first World Cup loss ESPNPochettino abruptly ends press conference after USMNT's Turkey loss: ‘Sorry guys, we won (the group)' The New York TimesMauricio Pochettino's World Cup lineup gamble doesn't pay off in U.S. loss to Turkey Los Angeles TimesWorld Cup 2026: USMNT stunned by Türkiye in stoppage time, losing perfect group stage run Yahoo Sports
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King Charles III will not live at Buckingham Palace after its costly refurbishment NPRKing Charles will not live in Buckingham Palace after costly refit, reveals $17 million tax bill CNNKing and Queen will not live in Buckingham Palace after renovations BBCKing Charles won't live in Buckingham Palace, reveals taxes DW.comKing and Queen will not liv
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‘The Bear' Is Over: Here's What Happens To Carmy, Sydney, Richie & More In Series Finale Deadline‘The Bear': What to Remember Before the Final Season The New York TimesThe Bear Recap: Nothing Left to Lose VultureThe Bear review - this kitchen nightmare of a show dials it up to 11 for its last ever series The GuardianHow Did ‘The Bear' End? Season 5's Finale Explained Yahoo
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Apple raises iPad and MacBook prices, blaming cost of chips amid AI boom The GuardianApple posts worst day in over a year after MacBook and iPad price hikes CNBCApple, Microsoft hike prices over surging chip costs Al JazeeraApple raises prices of MacBooks, iPads as memory costs skyrocket Reuters
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California billionaire tax headed for ballot despite top Democrats' opposition The Washington PostCalifornia Will Vote on a Billionaire Tax. Billionaires Aren't Happy. The New York TimesCalifornia wealth tax fight moves to voters PoliticoCalifornia billionaire tax will appear on ballot after deadline for deal passes The GuardianYour November ballot: See the 14 measures California voters will decide
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King Charles won't live in Buckingham Palace, reveals taxes dw.comKing Charles will not live in Buckingham Palace after costly refit, reveals $17 million tax bill CNNKing and Queen will not live in Buckingham Palace after renovations BBCKing Charles III becomes first British monarch to release tax details NBC News
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Supreme Court strikes down Hawaii limits on carrying guns in public The Washington PostSupreme Court Overturns Hawaii Gun Law The New York TimesSupreme Court's Hawai'i gun law ruling narrows playbook for other states AxiosSupreme Court hands Second Amendment win to concealed carry holders in blue state gun control case Fox News
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Dubai-based Magellan Capital has launched an evergreen asset-backed credit fund with $50m of seed capital, targeting more than $250m in assets under management over the medium term.
The post Magellan Capital launches $250-targeting GCC asset-backed lending fund appeared first on AltAssets Private Equity News.
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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