The IRS has erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, according to a new court filing.

A declaration filed Wednesday by IRS Chief Risk and Control Officer Dottie Romo stated that the IRS was only able to verify roughly 47,000 of the 1.28 million names requested by U.S. Immigration and Customs Enforcement. For less than 5% of those individuals, the IRS gave ICE additional address information, potentially violating privacy rules created to protect taxpayer data.

CBO: Federal deficits and debt to worsen

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased spending on Social Security, Medicare, and debt service payments.

The report factors in major developments in the past year, including the “One Big Beautiful Bill Act,” higher tariffs, and immigration crackdowns. These changes increase the projected 2026 deficit by about $100 billion. Debt held by the public is expected to rise from 101% of GDP to 120%.

US stocks wobble after feeling strong jobs report

U.S. stocks wobbled after feeling both the upside and downside of a surprisingly strong report on the U.S. job market.

After initially rising toward its all-time high on Wednesday, the S&P 500 flipped between gains and losses before finishing with a minuscule drop of less than 0.1%. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite fell 0.2%.

McDonald’s focusing on value

McDonald’s focus on value is paying off. The fast food giant said Wednesday that its global same-store sales jumped 5.7% in the October-December period. That’s better than the 3.9% analysts polled by FactSet were expecting.

McDonald’s fourth quarter revenue and earnings also beat analysts’ expectations. McDonald’s cut prices on some U.S. combo meals in September.

EV charging build-out has stayed hot

The build-out of electric vehicle charging in the U.S. has not stopped since President Donald Trump returned to office.

But the administration and Congress are continuing to throw up new roadblocks. Those include the administration withholding charger money to Democratic-controlled states and Congress slicing away at that infrastructure money for all states.

Protesters press Target to oppose ICE

Activists have planned protests at more than two dozen Target stores around the United States to pressure the discount retailer into taking a public stand against the 5-week-old immigration crackdown in its home state of Minnesota.

A coalition of community groups, religious leaders, labor unions and other critics of the federal operation, called for coordinated demonstrations to start on Wednesday and to continue for a full week. Target’s headquarters are located in Minneapolis.

Bad Bunny streams skyrocket after halftime

The legacy of Bad Bunny’s Super Bowl halftime show continues.

Streams of his catalog jumped 175% in the U.S. on Monday when compared to the previous Monday, Feb. 2. That’s according to industry data and analytics company Luminate. Bad Bunny received nearly 100 million streams on Monday in the U.S. compared to 36.2 million streams the previous Monday. That’s 99.6 million.