Confirmation Of Trump’s Imminent Action To Dismantle Education Department A leaked internal memo has confirmed that President Donald Trump intends to dismantle the Education Department via executive order imminently. As of this writing, Federal News Network first reported the draft, revealing that “the department is preparing to notify its employees that President Donald Trump will sign an executive order, entitled, ‘Eliminating the Department of Education.’” The draft memo divulges that Education Department staff are actively preparing for the agency’s dismantling, even going so far as to plan to reassign its functions to other federal bodies ahead of Trump’s order to…

Trump Speech Doubles Down On Call For No Tax On Tips In a fiery address to Congress on Tuesday, President Donald Trump’s doubled down on his desire for no tax on tips as well as no tax on overtime pay for American workers and no tax on Social Security. The Trump speech reiterated a key campaign pledge he made that service employees and hourly workers deserve to keep all of their hard-earned extra income. In January speaking to a crowd in Nevada Trump declared, “for any worker who relies on tipped income, your tips will be 100% yours,” Thomson Reuters…

It’s an uncertain time for investors and consumers alike. The Trump administration-imposed tariff disruption of 25% charges on most imports from Mexico and Canada and an additional 10% on top of existing tariffs for Chinese imports have set off a three-front trade war for the U.S. There are already retaliatory tariffs from the three countries. Investment markets are showing concern and displeasure. There are increased chances of a recession and possible inflation. Most investors could benefit from one simple action: Do not make hasty decisions because things will change again, eventually in your favor. Tariff Disruption Gets Responses Even with…

Trump’s ‘Final Mission’: Could the Education Department Shut Down? President Donald Trump has long made it no secret that he wants to dismantle the Department of Education.​ Now, newly confirmed Education Secretary Linda McMahon is treating that goal as the agency’s “historic final mission” in an internal memo to staff​. In the memo – which McMahon emailed to employees shortly after taking office – she outlines an urgent mandate from Trump to “eliminat[e] …bureaucratic bloat” at the department as a “momentous final mission” to be executed “quickly and responsibly.”​ This bold directive has sparked intense debate about whether a shutdown…

The dual pressures of addiction and burnout are exacting a steep toll on America’s entrepreneurs and executives. In 2023, over 45 million adults contended with substance use, while chronic stress quietly undermines high performers. Traditional inpatient rehab–with costs ranging as high as $12,000 to $60,000, depending on the facility and length of stay–requires extended absences, poses significant financial threats of lost income, disrupted operations, and destabilized enterprises. An executive earning $300,000 annually could forfeit $75,000 in a month offline, excluding broader business impacts. As a result, many business executives and owners forgo treatment, prioritizing revenue over recovery. Yet, a select…

Maintaining health insurance when you are changing jobs or retiring can be a major concern. With layoffs in the news, it is important to consider all of your options if you are not yet eligible for Medicare or coverage through a spouse. If you enjoy your current health plan, one tool to help ease that transition is COBRA coverage. The Consolidated Omnibus Reconciliation Act or COBRA is a means for employees with healthcare benefits to purchase their current insurance plan without the employer’s subsidy. If you lose your job or retire before reaching age 65, you may want to continue…

President Donald Trump has called for the U.S. Department of Education to be completely eliminated, and he may issue an executive order in the coming days to make that happen. But a formal closure of the department may not be necessary to significantly disrupt key operations, including overseeing federal student loan forgiveness and repayment programs. The Trump administration has already taken major steps to dismantle the department from within, including by placing many employees on leave. More substantial reductions in staffing, funding, and operations appear to be imminent. And with the likelihood increasing of a broader federal government shutdown, the…

Was Public Service Loan Forgiveness Blocked By Education Department’s Memo? The student loan landscape has been thrown into uncertainty after a recent federal court ruling, which led the Education Department to halt applications for the four income-driven repayment plans and instruct loan servicers to stop accepting student loan forgiveness applications for three months. Some borrowers may still be left wondering what these actions mean for Public Service Loan Foregiveness and whether it has been effectively blocked. The short answer is: it’s complicated. Here’s what borrowers should know if they are interested in PSLF. Context For Education Department Memo’s Impact On…

We last visited FINCEN’s Beneficial Ownership Information (BOI) reporting requirements in my article, The FINCEN Beneficial Ownership Information Reporting Deadline Might Be Extended, But Prepare To File Now Anyway (Feb. 14, 2025). That article suggested that the BOI reporting deadline would be set back to January 1, 2026, based on bipartisan legislation that passed the U.S. House of Representatives and pending in the Senate. The article further noted that FINCEN had itself stated that the BOI filing requirements would be pared back. It also gave a warning as to why reporting persons and businesses should now gather their filing information…

The Department of Government Efficiency continues to come under fire for inaccuracies in its reported federal savings, which would serve as the foundation for a potential DOGE check. The DOGE savings tracker, dubbed the “Wall of Receipts,” a public ledger showcasing canceled government contracts, has been revised multiple times, significantly reducing the claimed savings. For the second time in less than a week, DOGE deleted hundreds of additional claims. The deletions erased $4 billion in additional savings that the group said it had made for U.S. taxpayers. At the same time, it introduced a tracker detailing the amount saved per…