The One, Big, Beautiful Bill Act significantly affects federal taxes, credits and deductions. It was signed into law on July 4, 2025, as Public Law 119-21, and takes effect in 2025.
July 3, 2025
Washington, D.C.— Today, the One Big Beautiful Bill Act (OBBBA) passed the U.S. House of Representatives and is now heading to President Donald Trump's desk to be signed into law. The bill passed the U.S. Senate earlier this week.
Washington, D.C. – Today, the House of Representatives passed H.R. 7006, the Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 , with a vote of 341 to 79.
The federal government has shut down as of midnight on September 30, 2025. Starting on October 1, the federal government's operations are drastically reduced.
Washington, April 10, 2025
Today, the House of Representatives passed H.R. 22, the Safeguard American Voter Eligibility (SAVE) Act.
The bill passed the House 220- 208, with four Democrats voting in favor. “The right to vote in American elections should be exclusive to American citizens. Requiring people to prove citizenship when registering to vote is a simple way to ensure that's happening across the country,” Golden said.
In Congress, censure is a formal, public reprimand by a majority vote for serious misconduct by a member or official, requiring them to stand and receive a verbal rebuke, serving as a severe rebuke short of expulsion, often resulting in loss of committee assignments but not office. It's a rare, powerful tool to express disapproval for actions deemed inappropriate, from financial crimes to ethical violations, leaving a permanent mark on their record.
From October 1 to November 12, 2025, the federal government of the United States was shut down as Congress failed to pass appropriations legislation for the 2026 fiscal year.
Yes, mail delivery continues during a U.S. government shutdown because the U.S. Postal Service (USPS) is an independent agency funded by the sale of its products and services, not taxpayer dollars, so its operations, including mail delivery and Post Office hours, remain normal. Postal employees still work and get paid as usual, ensuring essential mail services aren't interrupted.
President Ferdinand R. Marcos Jr. during the signing of the Republic Act No, 12314, or the General Appropriations Act (GAA) of 2026 on Monday, recognized Congress for the reforms instituted to craft a national budget that aligns well with the Administration's plans and vision for the country.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The United States federal budget for fiscal year 2025 ran from October 1, 2024 to September 30, 2025. The federal government operated under a full-year continuing resolution passed in March 2025, which extended the 2024 budget for the whole 2025 fiscal year, with limited changes.
The One, Big, Beautiful Bill Act significantly affects federal taxes, credits and deductions. It was signed into law on July 4, 2025, as Public Law 119-21, and takes effect in 2025.
Some of the major tax changes effective from April 1, 2025, are revised tax slabs, rebate of up to Rs. 60,000, revised ITRU deadlines, calculation of partner's remuneration allowable as a deduction and revised TDS/TCS threshold limits.
The Social Security trust fund is facing a shortfall. That means benefits could be cut in 2032, not wiped out completely, but there are solutions.
Shutdown, Day 1: The federal government shut down at midnight after a deadlocked Congress failed to reach a deal on funding.
Federal employees who work during a shutdown don't get paid until the shutdown ends - including the military. This is a large reason for the delays in services that you may experience during a shutdown.
The Social Security increase for 2026 is a 2.8% Cost-of-Living Adjustment (COLA), announced by the Social Security Administration, raising average monthly benefits by about $56 for retirees and affecting nearly 71 million Americans starting in January 2026, with SSI payments beginning in late December 2025. This adjustment helps payments keep pace with inflation, though Medicare Part B premiums also increased for 2026, which is typically deducted from Social Security checks.
If you have any unpaid Federal taxes, the Internal Revenue Service can levy your Social Security benefits. Your benefits can also be garnished in order to collect unpaid child support and or alimony. Your benefits may also be garnished in response to Court Ordered Victims Restitution.
Censure is a formal, public reprimand by a legislative body (like Congress) for serious misconduct, requiring the official to stand and hear the condemnation, but it doesn't remove them from office; the main "punishment" is public disgrace, loss of reputation, and potential loss of committee leadership, serving as a severe rebuke short of expulsion.