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Disney and ABC sue FCC over early license renewals, alleging “a retaliatory campaign”

The Walt Disney Company, ABC and their television stations sued the Federal Communications Commission on Tuesday, alleging the agency’s request to file for early license renewal violates their First Amendment rights and amounts to “a retaliatory campaign.” The ABC licenses were originally scheduled for renewal between 2028 and 2031. The lawsuit, filed in a federal…

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IRS proposal would force nonprofits to disclose fraud or terrorism convictions of leaders

Washington — The Trump administration is weighing a proposal to require nonprofits to disclose in their annual tax filings whether their top officials have been convicted of certain financial or terrorism-related crimes, sources with direct knowledge of the matter told CBS News. The IRS disclosure requirement would be added to the Form 990, the annual…

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House Ethics Committee investigating Rep. Jimmy Gomez for alleged sexual misconduct

Washington — The House Ethics Committee confirmed Monday that it’s investigating allegations of sexual misconduct against Democratic Rep. Jimmy Gomez of California.  In a news release, the bipartisan committee said it’s “reviewing allegations that Representative Jimmy Gomez may have engaged in sexual misconduct … including engaging in inappropriate sexual contact with a House staffer.”  “The…

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Trump family crypto business World Liberty gets preliminary approval to establish a bank

A trust company affiliated with the Trump family’s crypto business, World Liberty Financial, has received conditional approval to establish a bank. The Treasury Department’s Office of the Comptroller of the Currency (OCC) on Friday granted preliminary approval to World Liberty Trust Company to establish a bank charter, a move that would allow it to issue…

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