Trump Rejects Proposal to Let Homebuyers Use 401(k) Funds for Down Payments

U.S. President Donald Trump speaks to reporters aboard Air Force One while traveling from Shannon, Ireland, to Joint Base Andrews, Md., on Jan. 22, 2026. Mandel Ngan/AFP via Getty Images ZURICH, Switzerland—President Donald Trump said on Jan. 22 that he rejected a proposal to allow Americans to withdraw money from their 401(k) accounts for home

TikTok finalizes deal to form new U.S. entity to avoid ban

Washington — A year after a federal law that effectively mandated a nationwide ban on TikTok went into effect, the platform announced the formation of a new U.S.-based entity to comply with the statute. TikTok confirmed Thursday that a joint venture made up mostly of U.S.-based investors had officially been formed to take over the app’s operations