Facing a ‘Reading Crisis,’ Denmark Wants to Make Books Cheaper

The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.

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The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.

Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.

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How a Carbon Tax Plan in Europe Survived (Mostly)

Austria tried a combination of taxes and rebates to reduce emissions.

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Staggering U.S. Tariffs Begin as Trump Widens Trade War

The duties, which the president announced last week, took effect for about 90 countries just after midnight.

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Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.

The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.

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Can Mamdani’s Message Play Outside New York? It Already Has.

Zohran Mamdani’s mayoral primary victory in New York follows wins by other big-city progressives. Are voters more open to backing progressive stances?

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Volkswagen Hit Hard by Trump’s Tariffs

The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.

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In Epstein, Democrats Find Weapon Against Trump and Republicans

A conspiracy theory many of them once dismissed has given Democrats a potent tool for exploiting G.O.P. divisions, even if it has little to do with what many regard as their best line of attack against Republicans.

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Trump Hosts I.R.S. Commissioner in Oval Office

The ceremonial swearing-in is the latest sign of the unusual relationship the president is cultivating with the tax agency.

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Vance Tries to Sell the Benefits of Trump’s Megabill but Ignores the Costs

In a visit to Pennsylvania, Vice President JD Vance stressed tax cuts and savings accounts for newborns, with no mention of trims to Medicaid and nutritional assistance programs many Trump voters rely on.

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