Category «Financial System»

IRS IT department has shrunk 42% under Trump

Snapshot Report: Status of the IRS’s Workforce as of January 2026 June 9, 2026 Report Number: 2026-IE-R009 – According to IRS records, 31,273 employees separated, took a DRP – Deferred Resignation Program & Early Out Offers or used some other incentive to leave the agency during the one-year period between January 2025 and January 2026. These …

Subjects: E-Records, Economy, Financial System, Government Documents, Legal Research

Peter Thiel-Backed Tribunal Is Putting Journalists on Trial

A Peter Thiel-Backed Tribunal Is Putting Journalists on Trial. I’m Its First Target The Hollywood Reporter: “The billionaire has reteamed with the legal strategist who helped him bring down Gawker to start an AI-powered appeals court for the rich and aggrieved. The billionaire has reteamed with the legal strategist who helped him bring down Gawker …

Subjects: AI, Censorship, Financial System, Free Speech, Legal Research

AI In Finance and Banking, June 15, 2026

Via LLRX – AI In Finance and Banking, June 15, 2026 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links …

Subjects: AI, Congress, Cybercrime, Cybersecurity, Economy, Financial System, Government Documents, Legal Research

Tech Influence Watch as AI follows crypto into politics

Molly White – citation needed: “I’ve been running my website Follow the Crypto since 2024, tracking the cryptocurrency industry’s influence on our democracy. The industry spent more than $130 million buying the 2024 elections, and the strategy worked. Pro-crypto politicians have proposed or passed industry-drafted legislation that threatens to open the floodgates to even more …

Subjects: Congress, Cryptocurrency, Economy, Financial System, Internet, Legal Research, Search Engines

Social Security – funds at critical low in 2032

Washington Post [no paywall]: “Social Security’s trust fund is now due to run low on money beginning in 2032. And in announcing that new date Tuesday, the government acknowledged that the Trump administration’s immigration policies and tax cuts are expected to contribute to the insolvency. The trust fund that pays retiree and survivor benefits is …

Subjects: Congress, Economy, Financial System, Government Documents

The Arab Gulf States, the Iran Conflict, and U.S. Relations

CRS Report Since The Arab Gulf States, the Iran Conflict, and U.S. Relations. R48971. June 3, 2026. February 2026, U.S./Israel-Iran conflict in the Persian Gulf region and the de facto closure of the Strait of Hormuz to most shipping have presented fundamental risks to the security and economic vitality of the Gulf Cooperation Council (GCC) …

Subjects: Defense, Economy, Financial System, Government Documents

The Grocery Industrial Complex

rxansmithmedia: “You’re not paying for food. You’re paying for a system engineered to extract from you at every step—while calling it a free market. The conversation about grocery prices in America gets framed as economics. Supply and demand. Inflation. Bird flu. Ukraine. Pick a villain. Blame the moment. Move on. But the real problem isn’t …

Subjects: Economy, Financial System, Food and Nutrition, Legal Research

Inside Trump’s takeover of the American regulatory machine

WSJ via MSN: “Trump has gotten involved in regulatory decisions big and small that once were made by independent agencies, according to interviews with business executives, lobbyists and administration officials, dramatically shifting the balance of power across Washington and reordering how influence campaigns are waged. Lobbying targeting the White House – Political appointees by nature …

Subjects: Economy, Financial System, Government Documents, Legal Research

How Donald Trump is insulating himself from future investigations

CNN – no paywall: “The deal that President Donald Trump reached with his own administration to set-up an “anti-weaponization fund” for his allies is the latest example of how his second stint in the White House has focused on undermining checks on presidential power and insulating himself from future investigations. The agreement highlights the new …

Subjects: Censorship, Congress, Courts, Financial System, Government Documents

Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it

The Guardian – The Consumer Financial Protection Bureau deleted at least 2,200 webpages from its website last month, a move advocates say is part of the Trump administration’s latest effort to dismantle the federal consumer finance watchdog. The removed content was all published before Trump’s second term, and includes press releases, consumer advisories, congressional testimonies, …

Subjects: E-Government, Economy, Financial System, Legal Research

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry

Committee for a Responsible Federal Budget: “Social Security’s retirement program provides benefits for 63 million Americans, including retirees, spouses, and dependents. Yet we have known for 42 years that, without changes, Social Security would become insolvent. And for the last 16 years, the cost of Social Security’s retirement program has exceeded its cash income, forcing …

Subjects: Congress, Economy, Financial System

LLRX May 2026 Issue – Articles and Columns

LLRX https://www.llrx.com Trump Administration’s Continued War Against Science, Research, Public Health and the Rule of Law – Part 9 – Sabrina I. Pacifici Tracking hallucination marketing claims from legal tech vendors. Damien Charlotin Deep Coverage – Right now the dominant AI strategy in law is using AI to replace or augment human labor on work …

Subjects: Censorship, Civil Liberties, Climate Change, Congress, Cybercrime, Cybersecurity, E-Records, Economy, Financial System, Government Documents, Health Care, Internet, Knowledge Management, Legal Research, Medicine