Santa Clara County’s expansive public hospital system, the second largest in California, is now facing a financial crisis as sweeping federal budget cuts threaten to erase over $1 billion in vital revenue over the next few years. Just months after the county celebrated the expansion of its health system with the acquisition of Regional Medical Center in East San Jose, leaders now confront a bleak future triggered by President Donald Trump’s recent signing of H.R.

In response to the devastating flooding that struck central Texas over the Fourth of July weekend, the founder of a well-known restaurant chain has pledged $1 million to support communities affected by the disaster. The donation will go toward providing immediate aid and long-term recovery resources to individuals and families impacted by the widespread flooding. The funds will help deliver essential services such as emergency shelter, food, relief supplies, financial assistance,

Paying income tax every year can be burdensome for many, but did you know that, under the new tax rules, you may qualify to pay zero tax? The latest updates in India’s tax policies provide an opportunity for taxpayers to reduce their tax liabilities, potentially to zero, with proper planning. Finance Minister Nirmala Sitharaman’s 2025 Budget announcement revealed a significant change in the tax system that could benefit many taxpayers. Here’s

Central government employees and pensioners are eagerly awaiting the official announcement of a 3% hike in Dearness Allowance (DA) and Dearness Relief (DR), which is expected to be implemented from July 2025. While the DA rates are revised twice a year effective from January 1 and July 1 the official announcements usually come months later, typically around the festive season in September or October. Expected

President Donald Trump has triggered a new wave of international trade tension by announcing that the United States will impose steep import tariffs on 14 countries starting August 1. The new tariffs, set at a minimum of 25 percent, will affect both rivals and close allies, including Japan, South Korea, Malaysia, and Thailand, unless trade agreements are finalized before the deadline. This marks one of the most aggressive trade policy shifts under Trump’s renewed administration and represe

In the wake of devastating floods in Central Texas, a U.S. Coast Guard rescue swimmer from New Jersey is being hailed as a hero after saving the lives of 165 individuals. Scott Ruskan, a petty officer and rescue swimmer from Oxford Township in Warren County, played a key role in one of the largest emergency airlift operations during this disaster, marking his first-ever rescue mission. The catastrophic weather event unfolded after relentless rains inundated Central Texas, causi

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

Filing your income tax return (ITR) for the first time is a milestone in financial responsibility, but it also comes with its share of confusion and potential pitfalls. From choosing the correct form to verifying the return, a few missteps can delay refunds or even invite scrutiny from the Income Tax Department. With the ITR filing season for Financial Year 2024–25 now open, new taxpayers must stay alert and informed.

California families who rely on food assistance and other social safety nets may soon find themselves without critical support as the federal government moves forward with sweeping cuts to key programs. A Senate-backed budget reconciliation bill now under consideration in the House would slash $186 billion from the Supplemental Nutrition Assistance Program (SNAP) over the next ten years, representing the largest funding cut in the history of the program. Know

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred

As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the

Washington: As the US Senate prepares for a crucial vote on President Donald Trump's ambitious tax and immigration legislation, billionaire entrepreneur Elon Musk has launched a scathing attack on the proposal. Nicknamed the "One Big Beautiful Bill" by Trump, the legislation seeks to extend expiring tax cuts, expand military spending, and fund mass deportation efforts. However, it has sparked fierce criticism for threatening to slash social welfare programs while ballooning the

Starting July 1, 2025, several important changes in the financial sector will come into effect, impacting individual taxpayers, bank customers, and railway travelers. These changes include new regulations for Aadhaar-PAN linking, increased banking fees, and adjustments in railway ticket prices. Below are some of the key updates that individuals should be aware of: Aadhaar-PAN Linking

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

Austin is considering a new proposal to introduce a parks maintenance fee that could be added to residents' utility bills. The proposal, introduced by Council Member Paige Ellis of District 8, aims to address the city's growing park maintenance needs as the city expands. Ellis believes this fee will help Austin manage the rising demand for new park facilities, maintain older infrastructure, and fund new land acquisitions. According to the Austin Parks

The journey to financial wisdom is filled with lessons that many only learn later in life. Managing money isn’t just about making budgets; it’s about making better choices every day. CA Nitin Kaushik has shared eight crucial money lessons that everyone should learn before turning 30. These lessons are designed to help young individuals make smarter financial decisions and secure their financial freedom early on.

Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.

The San Jose District 3 special election is reaching its decisive moment, with voters heading to the polls Tuesday. The final financial disclosures ahead of the vote reveal a competitive and high-stakes race between Planning Commission Chair Anthony Tordillos and community leader Gabby Chavez-Lopez. Both candidates have used the final weeks of the campaign to consolidate support and push messaging, but it is Tordillos who holds the lead in fundraising. According to official filing

Vacations are meant to refresh and recharge, but for many, they bring a financial hangover that lasts long after the tan fades. It’s not uncommon to feel anxious looking at your bank account or credit card bill once you return. The root of the problem? Most people budget for the vacation itself but forget to account for life after the trip. Chartered Accountant Abhishek Walia highlights that the real mistake is