5 things to know for Jan. 17: Arctic blast, Ceasefire deal, Los Angeles wildfires, TikTok ban, Starship

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In the next few months, many Americans will be focused on getting their tax documents together to complete their 2024 returns. Crypto investors should also be aware that information on some of their digital transactions will be reported to the IRS this year for the first time. Here’s what else you need to know to Get Up to Speed and On with Your Day. An Arctic blast is forecast to give President-elect Donald Trump the coldest inauguration in 40 years. The temperature in Washington, DC, at noon on Monday is expected to be in the low-20s as Trump stands up in front of the Capitol to take his oath of office. It will likely be the coldest Inauguration Day since President Ronald Reagan’s second inauguration in 1985, when the noon temperature was 7 degrees. Meanwhile, temperatures in swaths of the US are expected to drop this weekend and could be almost 30 degrees below normal by Monday for millions. The same weather pattern that will bring the Arctic chill across the Lower 48 is also partly responsible for making more Santa Ana wind events in Southern California, which sparked the past week’s firestorm. Israel’s Cabinet will hold a vote today on the Gaza ceasefire and hostage release deal, which US officials expect to take effect Sunday. Israeli Prime Minister Benjamin Netanyahu said a truce has been agreed upon with Hamas to release the hostages held in Gaza, though discussions with his cabinet are still underway. The agreement would also see a pause in fighting in the enclave and the phased release of Palestinian prisoners. G7 leaders released a statement endorsing the ceasefire agreement, explaining it “has the potential to secure the release of all remaining hostages; further facilitate urgently needed humanitarian aid; and pave the way for civilians to return to, and rebuild, their homes and their lives,” said the leaders of Canada, France, Germany, Italy, Japan, the UK and the US. Tens of thousands of residents in Los Angeles County who were forced to evacuate the wildfires raging in the area will have to wait at least another week before they can return to their homes to survey damage, retrieve necessities and assess what can be salvaged of their remaining property. More than 12,000 structures have been destroyed in the Eaton and Palisades fires and securing the evacuation zones goes beyond ensuring the blazes are out. Toxic ash, hazardous waste and charred debris left in the wake of the infernos must be cleaned up, plus repairs to infrastructure such as water and electricity, officials said. As of today, over 170,000 people are still under evacuation notices in LA County. In just hours, the Supreme Court is expected to release its latest opinions, including one that might determine the fate of one of America’s favorite apps. Without intervention from the nation’s highest court, a ban on TikTok in the US could go into effect on Sunday — the last full day of President Joe Biden’s administration. White House officials say they don’t believe Biden has the authority to defer enforcement of a law he signed in April that required the app’s Chinese parent company, ByteDance, to sell TikTok to American ownership by January 19. Since the ban’s timing comes at the end of Biden’s term, the White House said it will be up to President-elect Donald Trump’s administration to decide how to implement the ban.