The Supreme Court has reinstated a key provision of the Corporate Transparency Act (CTA), requiring owners of over 32.6 million small businesses to register personal information with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). This act, designed to combat money laundering and the misuse of anonymous shell companies, was previously blocked by a federal judge in Texas and held by the 5th U.S. Circuit Court of Appeals.

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Key Details of the Ruling:

• What is Required: Small business owners must provide personal information, including photo IDs and home addresses, to FinCEN.
• Purpose: To deter financial crimes and increase transparency in corporate ownership.
• Legal Challenges: Opposed by Republican-led states, conservative groups, and business associations, the law was initially struck down on grounds that Congress overstepped its authority.

Reactions:

• Supporters: Labor, environmental, and progressive groups applaud the decision as a win for transparency.
• Opponents: Business organizations express concerns about compliance challenges and legal uncertainty. The National Small Business Association and Small Business & Entrepreneurship Council have called for clarity and leniency for late filers.

Next Steps:

• The Supreme Court’s decision allows enforcement to proceed while the Texas case continues.
• Advocates for repeal, including business leaders, urge Congress to reassess the mandate.

This decision marks a significant step in the federal government’s efforts to curb illicit financial activities, though its future enforcement and impact remain subjects of heated debate.

Yoon Suk Yeol’s presence at the court was his first public appearance since becoming South Korea’s first sitting president to be detained over his short-lived declaration of martial law, which plunged the country into political turmoil.

After abruptly imposing martial law on Dec. 3, Yoon sent troops and police officers to encircle the National Assembly, but enough lawmakers managed to enter to vote unanimously to reject his decree, forcing Yoon’s Cabinet to lift the measure early the following morning.

Yoon, a conservative, has since argued that his dispatch of troops was not meant to block the assembly but instead was a warning to the main liberal opposition Democratic Party, which has used its legislature majority to obstruct Yoon’s

Trump suspends US foreign assistance for 90 days pending reviews
President Donald Trump signed an executive order temporarily suspending all U.S. foreign assistance programs for 90 days pending reviews to determine whether they are aligned with his policy goals.

It was not immediately clear how much assistance would initially be affected by the Monday order as funding for many programs has already been appropriated by Congress and is obligated to be spent, if not already spent.

The order, among many Trump signed on his first day back in office, said the “foreign aid industry and bureaucracy are not aligned with American interests and in many cases antithetical to American values” and “serve to destabilize world peace by promoting ideas in foreign countries that are directly inverse to harmonious and stable relations internal to and among countries.”

Consequently, Trump declared that “no further United States foreign assistance shall be disbursed in a manner that is not fully aligned with the foreign policy of the President of the United States.”

Secretary of State Marco Rubio told members of the Senate Foreign Relations Committee during his confirmation hearing last week that “every dollar we spend, every program we fund, and every policy we pursue must be justified with the answer to three simple questions:

“Does it make America safer? Does it make America stronger? Does it make America more prosperous?” he said.

The order signed by Trump leaves it up to Rubio or his designee to make such determinations, in consultation with the Office of Management and Budget. The State Department and the U.S. Agency for International Development are the main agencies that oversee foreign assistance.

Trump has long railed against foreign aid despite the fact that such assistance typically amounts to roughly 1% of the federal budget, except under unusual circumstances such as the billions in weaponry provided to Ukraine. Trump has been critical of the amount shipped to Ukraine to help bolster its defenses against Russia’s invasion.

The last official accounting of foreign aid in the Biden administration dates from mid-December and budget year 2023. It shows that $68 billion had been obligated for programs abroad that range from disaster relief to health and pro-democracy initiatives in 204 countries and regions.

Some of the biggest recipients of U.S. assistance, Israel ($3.3 billion per year), Egypt ($1.5 billion per year) and Jordan ($1.7 billion per year) are unlikely to see dramatic reductions, as those amounts are included in long-term packages that date back decades and are in some cases governed by treaty obligations.

Funding for U.N. agencies, including peacekeeping, human rights and refugee agencies, have been traditional targets for Republican administrations to slash or otherwise cut. The first Trump administration moved to reduce foreign aid spending, suspending payments to various UN agencies, including the U.N. Population Fund, and funding to the Palestinian Authority.

In a significant legal development, a federal judge has temporarily blocked President Donald Trump's executive order aimed at ending birthright citizenship. This executive order sought to redefine the 14th Amendment's Citizenship Clause, which grants citizenship to all individuals born on U.S. soil. The order specifically targeted children born to undocumented immigrants and those on temporary visas.

On January 23, 2025, U.S. District Judge John C. Coughenour, appointed by President Reagan, issued a temporary restraining order, labeling the executive action as "blatantly unconstitutional." This decision came in response to lawsuits filed by several states and civil rights organizations, which argued that the order violated the 14th Amendment.

The 14th Amendment clearly states that "all persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States." Legal experts have long interpreted this to mean that anyone born on U.S. soil, regardless of their parents' immigration status, is automatically granted citizenship. The Supreme Court reinforced this interpretation in the 1898 case of United States v. Wong Kim Ark, affirming that the Constitution grants birthright citizenship to almost all children born in the United States.

In response to the ruling, President Trump has indicated his intention to appeal, setting the stage for a potentially prolonged legal battle that could escalate to the Supreme Court. This development underscores the ongoing tensions surrounding immigration policy and constitutional rights in the United States.

The oil and gas industry is grappling with a growing number of lawsuits claiming the sector misled the public about its role in climate change. States like California, Colorado, and New Jersey are suing for billions in damages linked to wildfires, sea-level rise, and severe weather. This legal wave reflects an increasing use of courts to drive climate action globally.

Hawaii's Supreme Court allowed a lawsuit filed by Honolulu against major companies, including Sunoco, Shell, Chevron, ExxonMobil, and BP, to proceed. These corporations, many based in Texas, argue that emissions are a national issue requiring federal jurisdiction, where they have historically succeeded in dismissing such cases. Their Supreme Court appeal was declined, leaving the matter in state court.

The companies’ legal team emphasized the case's high stakes, warning that these lawsuits could undermine a critical national industry. The American Enterprise Institute echoed these concerns, suggesting the cases might empower activists to act as de facto energy regulators.

The Biden administration supported the lawsuit remaining in state court, though it noted that companies might ultimately prevail. In contrast, the incoming Trump administration is expected to adopt policies favoring the fossil fuel industry and opposing stringent environmental laws.

Honolulu claims the companies engaged in deceptive marketing under state laws, a matter the city argues falls within state jurisdiction. Meanwhile, the Supreme Court's track record on environmental regulations under its conservative majority includes limiting the EPA’s authority in cases like the regulation of power plant emissions.

Justice Samuel Alito recused himself from the appeal, likely due to his financial ties to the companies involved. This marks another high-profile climate case amidst increasing scrutiny of corporate responsibility for environmental impacts.

At a time of heightened political division, Americans’ confidence in their country’s judicial system and courts dropped to a record low of 35% this year, according to a new Gallup poll.

The United States saw a sharp drop of 24 percentage points over the last four years, setting the country apart from other wealthy nations where most people on average still express trust in their systems.

The results come after a tumultuous period that included the overturning of the nationwide right to abortion, the indictment of former President Donald Trump and the subsequent withdrawal of federal charges, and his attacks on the integrity of the judicial system.

The drop wasn’t limited to one end of the political spectrum. Confidence dropped among people who disapproved of the country’s leadership during Joe Biden’s presidency and among those who approved, according to Gallup. The respondents weren’t asked about their party affiliations.

It’s become normal for people who disapprove of the country’s leadership to also lose at least some confidence in the court system. Still, the 17-point drop recorded among that group under Biden was precipitous, and the cases filed against Trump were likely factors, Gallup said.

Among those who did approve of the country’s leadership, there was an 18-point decline between 2023 and 2024, possibly reflecting dissatisfaction with court rulings favoring Trump, Gallup found. Confidence in the judicial system had been above 60% among that group during the first three years of Biden’s presidency but nosedived this year.

Trump had faced four criminal indictments this year, but only a hush-money case in New York ended with a trial and conviction before he won the presidential race.

Since then, special counsel Jack Smith has ended his two federal cases, which pertained to Trump’s efforts to overturn his 2020 election loss and allegations that he hoarded classified documents at his Mar-a-Lago estate in Florida. A separate state election interference case in Fulton County, Georgia, is largely on hold. Trump denies wrongdoing in all.

Other Gallup findings have shown that Democrats’ confidence in the Supreme Court dropped by 25 points between 2021 and 2022, the year the justices overturned constitutional protections for abortion. Their trust climbed a bit, to 34%, in 2023, but dropped again to 24% in 2024. The change comes after a Supreme Court opinion that Trump and other former presidents have broad immunity from criminal prosecution.

Trust in the court among Republicans, by contrast, reached 71% in 2024.

The judicial system more broadly also lost public confidence more quickly than many other U.S. institutions over the last four years. Confidence in the federal government, for example, also declined to 26%. That was a 20-point drop ? not as steep as the decline in confidence in the courts.

The trust drop is also steep compared with other countries around the world. Only a handful of other countries have seen larger drops during a four-year period. They include a 46-point drop in Myanmar during the period that overlapped the return of military rule in 2021, a 35-point drop in Venezuela amid deep economic and political turmoil from 2012 to 2016 and a 28-point drop in Syria in the runup and early years of its civil war.

The survey was based on telephone interviews with a random sample of 1,000 U.S. adults between June 28 and August 1.