Renaissance hedge fund execs to pay $7 billion in settlement with IRS, reports say
CBSN
Executives at a New York hedge fund have agreed to pay as much as $7 billion to settle a long-running dispute with the U.S. tax authorities, according to reports Thursday.
The Wall Street Journal and The New York Times reported that insiders at Renaissance Technologies agreed to a deal that could be one of the largest in U.S. history. Among those in the settlement are Renaissance founder and prominent Democratic Party donor James Simon, and Robert Mercer, who was a major donor to former President Donald Trump's campaign, according to the reports.
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President Trump's tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war. The tariffs took hold at 12:01 a.m. EDT.
Federal prosecutors say Ryan Routh, the man accused of trying to assassinate President Trump as he golfed last September during the 2024 campaign, also attempted to acquire an anti-aircraft weapon to shoot down Mr. Trump's plane.
Robert Kennedy Jr. sat down exclusively with CBS News chief medical correspondent Dr. Jon LaPook for his first network TV interview since becoming Health and Human Services secretary. You can watch LaPook's interview with Kennedy on "CBS Mornings" and the "CBS Evening News" on Wednesday, April 9.
Three months ago, Alex Markarian was elated to learn his house was still standing after the intense flames from the Palisades Fire tore through homes just across the street.
President Trump has argued his new tariffs will help reverse the long decline of U.S. manufacturing, pointing to the loss of "90,000 factories" since the North American Free Trade Agreement took effect in 1994.
It has been nearly three years since the launch of the 988 National Suicide Prevention Lifeline, and since then, millions seeking help have used the call center as a life-saving resource. But understaffing and underfunding threaten to upend the hotline's mission.
Teahouses and other businesses in the U.S. are bracing for a shortage of matcha, the bright green powder imported from Japan and used to make drinks and food.
Tim Arel, the head of the Federal Aviation Administration's Air Traffic Organization, will retire early as part of the second round of buyouts at the Department of Transportation.
Washington — A federal judge on Tuesday ruled for the Associated Press in its ongoing dispute with the White House and ordered top officials to restore the news outlet's access to the Oval Office, Air Force One and other spaces when they are open to other members of the press pool.
Washington — The fight in the House over whether to allow new parents in Congress to vote remotely around the birth of their child appears to be settled for now.
Many U.S. small businesses could face a financial crunch as President Trump's reciprocal tariffs take effect on Wednesday, slapping new import duties on products from almost every nation across the globe.
President Trump's debt to New York from a civil fraud judgment passed $500 million on Tuesday, as interest continues to accrue while he appeals.
At least six children at a day care in Lubbock, Texas, tested positive for measles amid the state's growing outbreak, local officials confirmed to CBS News Tuesday.