The US Supreme Court is preparing to rule on President Trump’s tariffs, with a potential ruling as early as Friday. The court is to decide whether the president acted legally or exceeded his power. The court heard arguments last year on whether Trump exceeded his authority under the International Economic Emergency Act (IEEPA) when he … Read more
Kent Smettes, faculty director of the Penn Wharton Budget Model, challenges the narrative that tariffs are a tool to protect domestic industry. In a recent interview with wealth, Smettes backed what he said was his long-standing view that large-scale tariffs are a “dirty VAT” (value-added tax) — a policy he believes is far more damaging … Read more
By Jan Wolfe WASHINGTON, Jan 12 (Reuters) – Tom Goldstein was a prominent Washington lawyer who argued dozens of cases before the U.S. Supreme Court until a double life involving high-stakes poker games hijacked his career. Now, Goldstein is betting that jurors will throw out federal tax evasion charges against him and spare him prison … Read more
A longtime Roman Catholic priest in Alabama has voluntarily left the clergy after a woman alleged to his superiors that he offered her financial support in exchange for “private companionship,” including sex, starting when she was 17. Robert Sullivan’s self-imposed removal from the priesthood — known as laicization — was announced Wednesday, the day before … Read more