Department of Treasury

The U.S. House Committee on Education and Workforce approved a legislative package to transfer the Department of Education's functions to other departments, aligning with President Trump's vision to reduce federal oversight in education. The bills aim to shift responsibilities to the Departments of Labor, Treasury, State, and Health and Human Services, though the legislation faces uncertain prospects in the Senate.

The US House Committee on Education and Workforce approved a legislative package to transfer several Department of Education functions to other federal agencies, aligning with efforts to reduce the federal role in education. The proposal includes shifting responsibilities to the Departments of Labor, Treasury, State, and Health and Human Services, though its passage in the full House and Senate remains uncertain.

A legislative package aimed at reducing the U.S. Department of Education's responsibilities advanced out of a House committee, transferring functions to other federal agencies. The effort aligns with President Trump's plan to return education oversight to states, though the measure faces uncertainty in the Senate due to narrow GOP control.

The U.S. House Committee on Education and Workforce advanced a legislative package to transfer the Department of Education's functions to other federal agencies, aligning with President Donald Trump's plan to reduce the department's role. The proposal faces uncertainty in the Senate due to the narrow Republican majority.

A federal judge ruled that President Donald Trump acted in bad faith by dropping a $10 billion IRS tax return lawsuit and directing a $1.8 billion 'anti-weaponization' fund, accusing him of using the presidency to manipulate courts. The judge prohibited Trump, his sons, and the Trump Organization from citing the settlement in future proceedings and barred their attorneys from applying to the Southern District of Florida for at least one year.

The Trump administration revoked temporary waivers allowing Iran to sell oil in response to Iranian attacks on ships in the Strait of Hormuz. The U.S. cited Iran's 'unacceptable' actions as a reason for the revocation, emphasizing that benefits under the memorandum of understanding depend on Iran's behavior.

The Trump administration released a revised executive order on artificial intelligence that reduces federal oversight compared to a previous draft. The order maintains a voluntary framework for AI companies to share models with the government for up to 30 days, avoids mandatory requirements, and emphasizes protecting innovation from regulatory burdens.

The White House and Anthropic are negotiating access to the AI model Mythos for federal government use despite the Pentagon's efforts to blacklist the company as a supply chain risk. Civilian agencies like the Departments of Energy and Treasury seek Mythos' capabilities for national security, while the Pentagon bars Anthropic from military contracts due to litigation. The Office of Management and Budget is evaluating agency access to Mythos.