Bettors are worried Trump’s ‘big, beautiful bill’ could cause professional gambling in the U.S. to fold

A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — gamblers. Tucked into the nearly 900-page legislation is a change to how gambling losses are taxed that some professional and amateur bettors say could crush the industry. The provision, only a few paragraphs, would limit what gamblers can deduct…

Debt relief moves to explore with interest rates on pause

With high interest rates locked for at least two more months, borrowers stuck in debt should consider making some strategic moves now. Getty Images The news on Wednesday that the Federal Reserve was keeping its benchmark interest rate frozen wasn’t exactly unexpected, but it still marked yet another major disappointment for borrowers. Saddled with high…

NCOP approves R230bn Eskom Debt Relief Bill

The bill adjusts the Eskom debt relief allocation for the 2025/26 financial year from R40 billion to R80.2 billion, while introducing a further R10 billion allocation in 2028/29. These adjustments are part of the broader R230 billion debt relief package enacted in 2023 to help Eskom address its crippling debt burden and improve energy security.…