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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Washington — The Supreme Court on Monday turned away a challenge to Maryland's ban on so-called assault weapons, leaving intact a lower court ruling that upheld the law.
Stocks of major U.S. steel companies jumped Monday after President Trump announced he would double tariffs on steel and aluminum.
Washington — The Senate this week is taking up the massive budget package containing President Trump's second-term agenda, a measure that squeaked through the House with a one-vote margin, solely with Republican votes. Its path through the Senate seems destined to be similarly narrow, with the package almost certain to be revised, since parts of it are opposed by a handful of GOP senators critical to its passage.
A passenger smuggling dozens of venomous vipers was stopped after flying into the financial capital Mumbai, India from Thailand, Indian customs officials said.
A leading GOP friendly group supporting President Trump's "one, big, beautiful bill" is readying a $4 million advertising buy aimed at helping steer the effort through the Senate after a number of Republicans voiced concerns about the legislation as it stands.
This year, WorldPride is coming to Washington, D.C. A series of events, organized by the nonprofit InterPride, aims to bring visibility and awareness of lesbian, gay, bisexual, transgender and queer issues to an international stage. This year's location is leaving the community conflicted about showing up to the nation's capital amid an administration that has targeted them.
Eleven people were stabbed Sunday evening at a Salem, Oregon mission that aids homeless people and a male suspect was in custody, police said.
A suspect is in custody after what the FBI is calling a "targeted act of violence" at Pearl Street Mall in Boulder, Colorado, on Sunday. We are saddened and heartbroken to learn that an incendiary device was thrown at walkers at the Run for Their Lives walk on Pearl Street as they were raising awareness for the hostages still held in Gaza. My thoughts are with those injured and impacted by today's attack against a group that meets weekly on Boulder's Pearl Street Mall to call for the release of the hostages in Gaza.
A Chinese national charged with voting illegally at the University of Michigan has fled the U.S., according to a criminal complaint filed by the Federal Bureau of Investigation that was unsealed on Friday.
Scottie Scheffler never lost the lead and never gave anyone much of a chance down the stretch Sunday in another relentless performance, closing with a 2-under 70 for a four-shot victory to join Tiger Woods as the only repeat winners of the Memorial.
Amid the wave of pardons and commutations President Trump has doled out to some of his supporters and surrogates, one former MAGA loyalist in Idaho is fighting to return her pardon.
On this "Face the Nation with Margaret Brennan" broadcast, moderated by Ed O'Keefe:
Devin Harjes, the actor who appeared in the TV shows "Boardwalk Empire" and "Manifest," has died due to complications from a battle with cancer, his representative confirmed to CBS News on Sunday. He was 41.