The Trump administration said on Wednesday it is postponing tariff increases on imported upholstered furniture, kitchen cabinets and vanities by a year, citing ongoing negotiations with trading partners. Without the delay, the U.S. was set to double its tariff rate on kitchen cabinets and vanities produced outside the U.S. to 50% starting Jan. 1. The import duty

Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired overnight as 2026 arrived, cementing higher health costs for millions of Americans at the start of the new year. Democrats forced a 43-day government shutdown over the issue. Moderate Republicans called for a

Zohran Mamdani officially took the oath of office as the clock struck midnight on New Year’s Eve, becoming the 112th mayor of New York City. In a private ceremony at the abandoned Old City Hall subway station, Mamdani was sworn in by New York Attorney General Letitia James. The 34-year-old democratic socialist, who served in