Executive Branch - USNN World News

Healthcare

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast

by USNN World NewsAugust 7, 2020August 7, 2020

National Security & Defense

China opposes US orders against TikTok, WeChat, to defend interests

by USNN World NewsAugust 7, 2020June 20, 2024

Economy

US employers hire 1.8M despite new COVID-19 shutdowns

by USNN World NewsAugust 7, 2020December 5, 2024

Economy

GOP senators pitch extending extra unemployment aid through end of year

by USNN World NewsAugust 6, 2020August 6, 2020

Economy

Capital One slapped with $80M fine for 2019 data hack

by USNN World NewsAugust 6, 2020August 6, 2020

Republicans and Democrats are trying to find a middle ground on several provisions in order to pass another coronavirus stimulus package, including whether to repeal a $10,000 cap on state and local tax deductions. Senate Minority Leader Chuck Schumer, D-N.Y., unveiled a proposal in mid-July along with Congressman Tom Suozzi, D-N.Y., to fully restore the deduction in the next relief package. However, Republicans have traditionally opposed repealing the cap – which was implemented as part of the 2017 Tax Cuts and Jobs Act – arguing that it primarily favors wealthy individuals in high-tax states, which have been accused of budget mismanagement prior to the pandemic. SALT CAP REPEAL THE 'SINGLE BEST' ACTION TO HELP NEW YORK, CUOMO SAYS Earlier this week, Senate Majority Leader Mitch McConnell blamed Democrats for holding up the package over “’an unrelated tax cut for rich people.” The Kentucky Republican made similar comments at the end of July. Schumer has maintained that the bill needs to support state and local governments. CORONAVIRUS HIT HIGH-TAX STATES RENEW SALT CAP REPEAL EFFORTS While the Republican-sponsored HEALS Act does not adjust the measure, House Democrats approved a stimulus proposal in May that called for reinstating the SALT deduction for 2020 and 2021. Repealing the cap could be helpful in high-tax states as they consider how to return to business as usual once the coronavirus crisis subsides. It has caused an exodus from these higher-tax states, which has, in turn, resulted in a loss of state tax revenues. “We need to bring our federal dollars back home and cushion the blow this virus –and this harmful SALT cap--has dealt so many homeowners and families locally,” Schumer said in a statement. Suozzi added that families would leave New York without the measure. The White House has repeatedly pushed back at efforts to overturn the provision for years. A legal challenge that was launched by New York, New Jersey, Connecticut and Maryland is making its way through the courts. CLICK HERE TO READ MORE ON FOX BUSINESS A handful of local officials have been outspoken about repealing the provision, including New York Gov. Andrew Cuomo, who is trying to get Manhattan’s wealthiest taxpayers to return to the city. Cuomo said in May that repealing the cap would be the “single best piece of action” to help the state, claiming it costs New York state about $29 billion per year. New Jersey Gov. Phil Murphy also said undoing the cap would be a form of “main street stimulus.”

Economy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

by USNN World NewsAugust 5, 2020August 19, 2024

Economy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

by USNN World NewsAugust 4, 2020December 5, 2024

Presidential Actions

Trumps weighs executive action to suspend evictions, payroll tax

by USNN World NewsAugust 4, 2020October 14, 2024

National Security & Defense

Missing sailors rescued from Pacific island after SOS signal spotted in the sand

by USNN World NewsAugust 4, 2020August 4, 2020

Economy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

by USNN World NewsAugust 3, 2020August 3, 2020

NATIONAL NEWS

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

By Jacob Burg Cameron Hamilton, acting administrator of the Federal Emergency Management Agency (FEMA), has been terminated and replaced, the agency said on May 8. Politico ...

Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles

By Ryan Morgan U.S. Army leaders fielded questions from lawmakers on May 7 over their latest plan to prepare the fighting force and streamline their ...

FAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing Push

By Bill Pan The Federal Aviation Administration (FAA) said Wednesday it is taking immediate steps to address problems that have escalated flight delays and cancellations ...

Bessent, Greer to Meet Chinese Officials in Switzerland

By T.J. Muscaro Treasury Secretary Scott Bessent and U.S. Trade Representative (USTR) Jamieson Greer will meet with their Chinese counterparts this week. The news was confirmed ...

Trump Says ‘Never Say Never’ as Carney Tells Him Canada Not for Sale

By Noe Chartier and Matthew Horwood At his first meeting with newly elected Canadian Prime Minister Mark Carney, U.S. President Donald Trump said his country ...

Columbia University Lays Off Nearly 180 Staff After Federal Grant Revocations

By Rudy Blalock Columbia University announced on Tuesday that it will lay off nearly 180 staff members after the Trump administration revoked more than $400 ...

Trump Announces National Holidays for World War I and II Victories

By Rudy Blalock President Donald Trump has expanded on his plans to alter the days honoring America’s participation in last century’s world wars by declaring ...

United Airlines Cancels 10 Percent of Daily Flights From Newark Amid FAA Staffing and Equipment Failures

By Rudy Blalock United Airlines cut 35 flights a day—10 percent of daily flights—from its Newark Liberty International Airport hub in New Jersey starting May ...

Trump Pledges to Donate Entire Salary Back to Government, Again

By Joseph Lord President Donald Trump on May 4 said that he would again be donating his entire presidential salary back to the federal government, ...

Trump Rules Out 3rd Term, Names Rubio and Vance as Best 2028 Contenders

By Rachel Acenas President Donald Trump has shut down speculation about serving a third term and named Vice President JD Vance and Secretary of State ...

US Appeals Court Halts Order Allowing Voice of America Employees Back to Work

By Jack Phillips A U.S. appeals court on Saturday blocked a lower court ruling that ordered the Trump administration to return 1,000 Voice of America ...

US Creates New Military Zone Along Southern Border

By T.J. Muscaro The United States on Thursday announced the creation of a second military zone along its southern border with Mexico, further expanding the ...