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

DOGE Says US National Science Foundation Canceling Over $325 Million in DEI Research

By Naveen Athrappully The National Science Foundation (NSF) has canceled hundreds of millions of dollars in diversity, equity, and inclusion (DEI) grants under the Trump ...

Data Reveal Drop in US Imports From China Amid Tariff Showdown

By Andrew Moran A slowdown in U.S.–China trade activity amid tariff tensions is starting to show up in industry data. Beginning in 2025, companies ramped up ...

Trump Signs Orders Ending DEI in University Accreditation, Requiring Foreign Gift Disclosure

By Aaron Gifford President Donald Trump on April 23 announced additional education reform measures that he said will promote transparency and meritocracy over diversity, equity, ...

Democrat Senators Seek Social Security Investigation Over Downsizing

By Arjun Singh WASHINGTON—Five Senate Democrats have written to the Social Security Administration’s (SSA) Office of the Inspector General (OIG), seeking an investigation into changes ...

Homeland Security Announces DOGE Overhaul of Immigration Database

By Jack Phillips The Department of Homeland Security (DHS) announced it is working with the Department of Government Efficiency (DOGE) to optimize an immigration-related database ...

White House Responds to China Warning Countries Against Making Deals With US

By Travis Gillmore WASHINGTON—In response to reports that the Chinese regime is warning other countries against making deals with the United States that could be ...

DOJ Announces RICO Charges Against 27 Alleged Venezuelan Gang Members

By Joseph Lord The Department of Justice (DOJ) on April 21 announced that 27 alleged members or affiliates of the Venezuelan gang Tren de Aragua ...

Police Investigate Shooting on Subway Platform That Led to Harvard Students Sheltering in Place

By The Associated Press CAMBRIDGE, Mass.—Transit police in Boston were investigating a shooting on a subway platform at Harvard University on Sunday that prompted the ...

Hegseth Responds After Report Says He Shared Attack Plans in Second Signal Chat

By Zachary Stieber Defense Secretary Pete Hegseth on April 21 responded to a report that he shared plans for an attack in Yemen in a ...

Alito Calls Supreme Court Block of Venezuelan Gang Deportations ‘Legally Questionable’

By Matthew Vadum Supreme Court Justice Samuel Alito filed a strongly worded dissent from the court’s order issued early April 19 that temporarily blocked the ...

Trump Floats Revoking Harvard’s Tax-Exempt Status—What Is It?

By Aaron Gifford Harvard University and the Trump administration are in an escalating standoff after the institution declined to comply with a list of conditions ...

Pentagon to Wind Back US Troop Footprint in Syria

By Ryan Morgan The Pentagon is preparing to downsize the U.S. military footprint in Syria in the coming weeks, citing recent successes against the ISIS ...