Republicans bet higher tax refunds will boost midterm chances as blue states resist relief

IRS CEO Frank Bisignano discusses Tax Day, rising refunds and ‘Trump accounts’ for kids IRS CEO Frank Bisignano reveals average tax refunds are up more than 11% for Tax Day 2026, with over $270 billion issued. He credits the Working Families Tax Cut Act for permanent tax cuts and reducing the tax burden. Bisignano also … Read more

Lawmakers call for CFTC crackdown on prediction markets after bet on downed U.S. airmen

Lawmakers are pressing securities regulators to crack down on prediction markets amid several recent incidents of people using the increasingly popular platforms to bet on events tied to the Iran war and other government actions.  In an April 6 letter to Commodity Futures Trading Commission Chair Michael Selig, seven House Democrats demanded that the agency … Read more

Oil traders bet $580 million just ahead of Trump’s delay in attacks on Iranian energy infrastructure

Market watchers are concerned about potential insider trading due to an unusual surge in oil futures trading on Monday morning, just minutes before President Trump announced he would postpone power plant strikes in Iran. CBS News business analyst Jill Schlesinger joins with more. Source link