The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud.SBA Administrator Kelly Loeffler said the agency reviewed thousands of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) loans approved in Minnesota, and identified nearly $400 million in potentially fraudulent loans tied to borrowers in Minnesota.

Sworn in at midnight and again hours later publicly, New York City Mayor Zohran Mamdani used his first day in office Thursday to hit the ground running with new executive orders targeting city landlords and housing development. And he said the city will take what he called “precedent-setting action” to intervene in a private landlord bankruptcy case he said was tied to 93 buildings.”Today is the start of a new era for New York City,” Mamdani said.

Sen. Bernie Sanders, I-Vt., appeared without the iconic mittens that helped make him a viral sensation during former President Joe Biden’s 2021 inauguration when he administered the oath of office for New York City Mayor Zohran Mamdani at City Hall Thursday.

President Donald Trump spent the first year of his second White House term signing a torrent of executive orders aimed at delivering on several major policy priorities, including slashing federal agency budgets and staffing, implementing a hard-line immigration crackdown and invoking emergency authority to impose steep tariffs on nearly every U.S. trading partner.

As 2025 ends, tensions between China and Taiwan are higher — and more overt — than at any point in recent years, fueled by expanded U.S. military support for Taipei, increasingly bold warnings from regional allies, and Chinese military drills that look less like symbolism and more like rehearsal.

New York City socialist mayor-elect Zohran Mamdani was officially sworn in as mayor in a midnight ceremony by New York Attorney General Letitia James.”This is truly the honor and the privilege of a lifetime,” Mamdani said in a brief speech.The early Thursday morning event was a private ceremony where Mamdani was accompanied by family members at the Old City Hall Station, a decommissioned subway station with deep historical roots.