US President Donald Trump announced on Tuesday that his administration had reached a settlement with Harvard University under which the institution would pay $500 million to resolve a dispute that has lasted for months. Speaking at the White House, Trump told reporters that the agreement was nearly finalized, adding that Education Secretary Linda McMahon was handling the last details. According to him, the settlement includes Harvard agreeing to operate new trade schools that would train stud

The District of Columbia is facing a budget crisis after the collapse of a continuing resolution in Congress, which many hoped would restore $1.1 billion in local tax revenue. With the fiscal year deadline approaching, city leaders are working under mounting pressure to close funding gaps and prepare for the possibility that the blocked money may never be released. The issue began in March when Congress approved a resolution to keep the federal government funded. Buried in the mea

The Federal Aviation Administration has successfully reached its air traffic controller hiring goals for 2025, according to U.S. Transportation Secretary Sean Duffy. The announcement comes at a time when airports around the country, including Newark Liberty International Airport, have faced multiple operational challenges linked to staffing shortages. Since April, Newark has experienced several ground stops due to a lack of available air traffic controllers, raising questions about

Tarrant County commissioners have voted to approve a slightly lower property tax rate after days of disagreements and tension. With four commissioners present, the proposal passed by a 3-1 vote, setting the new rate at $0.1862 per $100 of valuation. This represents a small decrease of 0.69 percent from last year’s rate of $0.1875. For a home valued at $300,000, the cut amounts to annual savings of about four dollars. While the financial impact on individual homeowners is min

The Dallas City Council has approved a record $5.2 billion budget for fiscal year 2025-26, marking the largest financial package in the city’s history. The sweeping plan, finalized after months of debate and more than a dozen amendments, passed with 11 council members voting in favor, three against, and one abstention. While the budget delivers a tax rate reduction and increased funding for police and fire departments, it also makes cuts to some community services, sparking frustration amo

Every year, thousands of highly skilled Indian professionals move to the United States on temporary work visas such as the H1B and L1. Their contributions to the American technology sector and wider economy are undeniable, powering billion-dollar businesses and playing a crucial role in innovation and growth. Yet while these professionals help build wealth abroad, billions of their own hard-earned dollars vanish into the US system without ever returning to them. The absence of a totalisation

The latest flashpoint in India-US trade relations has surprisingly centered on corn. US commerce secretary Howard Lutnick recently targeted India over its unwillingness to import American maize, questioning why a nation of 1.4 billion people does not buy even a single bushel of US corn while continuing to export heavily to the United States. His comments came against the backdrop of resumed trade negotiations and reflect Washington’s growing desperation to find buyers for surplus grain.

California Governor Gavin Newsom announced that $750 million in state loans for Bay Area transit agencies will be finalized before the end of the legislative session, delivering a much-needed financial lifeline to struggling transportation systems. The announcement comes after weeks of uncertainty, when a budget agreement reached in June appeared to be unraveling as state officials hesitated to release the promised funding. The loans are intended to provide temporary relief to trans

Maryland residents carrying significant student loan balances have an opportunity to ease some of their financial burden through the state’s student loan debt relief tax credit. The program, which has helped thousands of taxpayers since its launch, offers direct support for individuals who owe at least $20,000 in student loan debt and continue to file taxes in the state. The deadline to submit an application for this year’s credit is September 15, leaving borrowers only a short wi

Tesla’s board of directors has proposed an unprecedented compensation package for CEO Elon Musk that, if fully realized, could make him the world’s first trillionaire. The proposal, which is entirely structured around Tesla stock awards, will be voted on by shareholders on November 6. If approved, it would cement the largest executive compensation deal in corporate history and tie Musk’s personal wealth directly to Tesla’s transformation into a technology powerhouse.