The Internal Revenue Service released 2027 tax brackets with a boost to the standard deduction and a $100 increase to the child tax credit for families.
Democratic midterm wins could increase scrutiny of AI data centers and power demand, but President Donald Trump retains veto power over any federal legislation.
Local ballot measures targeting data centers passed overwhelmingly as voters raised concerns about energy bills, land use and the economic impact of AI development.
Social Security's trust fund faces insolvency by 2032, and newly elected senators will confront automatic benefit cuts of 22% before their terms expire.
Democrats' midterm victories draw mixed reactions from Wall Street and business executives over AI infrastructure, regulatory risks, market stability and travel.