Oct 23, 2015, 2:48 pm EST
Lincoln Chafee, a presidential candidate running for the Democratic ballot, has withdrawn from the 2016 race.
Lincoln Chafee didn’t announce why he was leaving the presidential race, but it’s likely due to his lack of impact. He didn’t perform well in last week’s debate and hasn’t been popular in the polls. He’s also had trouble collecting money to keep his campaign running, reports The New York Times.
Lincoln Chafee is the second Democrat to withdraw from the presidential race this week. This leaves only four candidates for the Democratic ballot: Hillary Clinton, Bernie Sanders, Martin O’Malley and Lawrence Lessig. Chafee said he will continue to support the Democratic party, NYT notes. Read
Oct 22, 2015, 4:00 pm EST
Ben Carson has taken the lead in Iowa, surpassing Donald Trump.
The retired neurosurgeon garnered 28% of the votes compared to the hotel billionaire’s 20% in the polls. These figures are based on a survey conducted by Quinnipac University.
“It’s Ben Carson’s turn in the spotlight,” Quinnipiac pollster Peter Brown said in a statement on the Iowa results. Read
Oct 22, 2015, 1:45 pm EST
The Internal Revenue Service (IRS) and U.S. Department of the Treasury have announced proposed regulations to recognize all same-sex marriages.
The new IRS regulation would make it so that all same-sex couples that are recognized as married in any state, possession, or territory of the United States will be treated as married for federal tax purposes. These regulations would also interpret “husband” and “wife” to include same-sex couples.
The newly proposed IRS regulations are designed to add clarity and strengthen rulings in Supreme Court cases Obergefell v. Hodges and United States v. Windsor. The update was made to recognize that same-sex marriages are allowed in all states and will be recognized in every state. Read
Oct 21, 2015, 4:00 pm EST
Joe Biden will not be running for president in 2016.
The Vice President considered a presidential bid for next year’s elections but concluded that he does not have enough time to mount a campaign if he started now.
Biden has been in mourning this year following the death of his son Beau, who suffered from brain cancer. He said that Beau was his inspiration to run but there simply isn’t time. Read
Oct 21, 2015, 3:41 pm EST
Carl Icahn announced plans to spend $150 million to lobby for a corporate tax reform.
The billionaire investor is forming a super PAC (political action committee) to get Congress to “help end the crippling dysfunction in Congress,” Icahn tweeted.
He is hoping that U.S. companies that are going overseas for tax breaks will return to the U.S. and bring that money back to help create jobs. Read
Oct 20, 2015, 2:04 pm EST
Justin Trudeau has been named the next Prime Minister of Canada.
Justin Trudeau will take the office of Prime Minister in Canada starting in November. Trudeau will have to deal with the country’s economic troubles and try to fix them while he’s in office, reports The Wall Street Journal.
Here are a few things to know about Justin Trudeau, as collected from WSJ. Read