Trump pardons former GOP congressman Michael Grimm

President Trump has signed off on a full pardon for former Rep. Michael Grimm of New York, according to a White House official.  Grimm, a Republican, was convicted in November 2014 of tax fraud and related charges stemming from his ownership of a Manhattan restaurant before joining Congress. Prosecutors said he underreported wages and revenue

Labor Department Reverses Biden-Era Stance on Crypto in 401(k) Plans

The agency says it will be neutral on whether retirement plan fiduciaries include cryptocurrency options. The U.S. Department of Labor on May 28 rescinded 2022 guidance that warned fiduciaries against including cryptocurrency in 401(k) retirement plans, reversing a Biden-era policy that critics said discouraged innovation in retirement investing. The 2022 compliance release had advised plan

White House to Ask Congress to Rescind $9.4 Billion in Funding for Public Media, Foreign Aid

The rescission request would codify some of the cuts made by the Department of Government Efficiency if approved by Congress. WASHINGTON—The White House will send Congress a request to claw back $9.4 billion in previously appropriated funds to public media and foreign aid. A spokesperson for the Office of Management and Budget (OMB) confirmed in