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Category: Executive Branch

The Executive Branch of the United States Government

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

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

USNN World Newsby USNN World NewsAugust 7, 2020August 7, 2020
China opposes US orders against TikTok, WeChat, to defend interests
Posted inNational Security & Defense

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

USNN World Newsby USNN World NewsAugust 7, 2020June 20, 2024
US employers hire 1.8M despite new COVID-19 shutdowns
Posted inEconomy

US employers hire 1.8M despite new COVID-19 shutdowns

USNN World Newsby USNN World NewsAugust 7, 2020December 5, 2024
GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

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

USNN World Newsby 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.”
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
Trumps weighs executive action to suspend evictions, payroll tax
Posted inPresidential Actions

Trumps weighs executive action to suspend evictions, payroll tax

USNN World Newsby USNN World NewsAugust 4, 2020October 14, 2024
Missing sailors rescued from Pacific island after SOS signal spotted in the sand
Posted inNational Security & Defense

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

USNN World Newsby USNN World NewsAugust 4, 2020August 4, 2020
White House considering unilateral actions with coronavirus aid bill stuck in Congress
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 3, 2020August 3, 2020

Posts pagination

Newer posts 1 … 190 191 192 193 194 … 238 Older posts

NATIONAL NEWS

  • Trump Tells Americans to ‘Hang Tough’ Amid Tariff Turbulence, Promises ‘Historic’ OutcomeTrump Tells Americans to ‘Hang Tough’ Amid Tariff Turbulence, Promises ‘Historic’ Outcome
    By Tom Ozimek President Donald Trump on Saturday called on Americans to “hang tough” through what he described as a difficult-but-necessary adjustment period following his ...
  • Tariffs May Raise Prices Slightly But Will Deliver Tax Relief for Bottom 50 Percent, Bessent SaysTariffs May Raise Prices Slightly But Will Deliver Tax Relief for Bottom 50 Percent, Bessent Says
    By Tom Ozimek Treasury Secretary Scott Bessent said consumers could see a one-time price increase of about 2 percent for every 10 percent of new ...
  • North Carolina Appeals Court Rules Thousands of Contested Ballots Must Be VerifiedNorth Carolina Appeals Court Rules Thousands of Contested Ballots Must Be Verified
    By Jacob Burg A North Carolina appeals court said on April 4 that contested ballots in a close race between two candidates for the state ...
  • Trump Confirms Sackings of Some National Security Council StaffersTrump Confirms Sackings of Some National Security Council Staffers
    By Jacob Burg President Donald Trump confirmed on April 3 that some staffers at the National Security Council were recently laid off. While speaking with reporters ...
  • Here’s How Countries Are Responding to US TariffsHere’s How Countries Are Responding to US Tariffs
    By Austin Alonzo America’s trading partners around the world are asking President Donald Trump to reconsider a slew of new tariffs the White House imposed ...
  • Florida Wins Provide Cushion to Thin House GOP MajorityFlorida Wins Provide Cushion to Thin House GOP Majority
    By Joseph Lord, Jackson Richman and Jacob Burg Republicans’ electoral wins in Florida mean that House Speaker Mike Johnson (R-La.) is about to get some ...
  • Crypto Investors Lose Over $1.6 Billion to Hackers in First QuarterCrypto Investors Lose Over $1.6 Billion to Hackers in First Quarter
    By Naveen Athrappully Crypto investors suffered massive financial losses in Q1, 2025, with a major exchange breach accounting for most of the loss, according to ...
  • Senate Judiciary Chair Introduces Bill to End Nationwide InjunctionsSenate Judiciary Chair Introduces Bill to End Nationwide Injunctions
    By Sam Dorman Senate Judiciary Chair Chuck Grassley (R-Iowa) introduced legislation on March 31 to prevent courts from issuing nationwide injunctions. Dubbed the Judicial Relief Clarification ...
  • Maine Gets Final Warning on Males in Female SportsMaine Gets Final Warning on Males in Female Sports
    By Naveen Athrappully The U.S. Department of Education issued a final warning to the state of Maine, telling it to agree to protect female sports ...
  • Judge Issues Order to Keep Intelligence Employees on Administrative LeaveJudge Issues Order to Keep Intelligence Employees on Administrative Leave
    By Sam Dorman ALEXANDRIA, Va.—A federal judge ordered the Trump administration on March 31 to keep a group of intelligence community employees on administrative leave. The ...
  • Pipeline Projects Prioritized for Quick Approval Under Emergency Energy OrdersPipeline Projects Prioritized for Quick Approval Under Emergency Energy Orders
    By John Haughey More than 220 natural gas pipeline-related proposals across 22 states are among nearly 700 projects that could see accelerated approvals under President ...
  • Trump Inks $100 Million Deal With Skadden Law FirmTrump Inks $100 Million Deal With Skadden Law Firm
    By Samantha Flom A prominent Wall Street law firm has struck a deal with the White House to provide $100 million in pro bono legal ...
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