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

Biden vs. Trump: The High-Stakes First Debate in Race to White House

By Emel Akan and Lawrence Wilson President Joe Biden and former President Donald Trump will square off in their first debate of 2024 on June ...

Here’s What to Watch in Colorado, New York, and Utah Primaries

By Nathan Worcester Some of the biggest and most controversial names in the House will be maneuvering through primaries on June 25. They include Rep. Lauren ...

Federal Judges Block Parts of Student Loan Repayment Plan

By Caden Pearson Federal judges in Missouri and Kansas issued separate rulings on June 24 blocking key sections of the Biden administration’s Saving on a ...

Judge in Documents Case to Hear Arguments on Trump Gag Order Request

By Catherine Yang U.S. District Judge Aileen Cannon has scheduled a hearing June 24 on prosecutors’ request to modify the conditions of release for former ...

Here’s What You Need to Know About Colorado’s Primaries

By Nathan Worcester The biggest move ahead of the June 25 Colorado congressional primaries is a district switch, which happened months ago. Rep. Lauren Boebert (R-Colo.), ...

FBI Restores Security Clearance of Whistleblower Suspended After Questioning Official Jan. 6 Narrative

By Tom Ozimek Whistleblower Marcus Allen’s attorneys said he has reached a settlement with the Federal Bureau of Investigation (FBI), which has agreed to reinstate ...

Lawsuit Seeks to Stop Noncitizens From Voting in Vermont Elections

By Zachary Stieber A new lawsuit says that noncitizens voting in elections in Burlington, Vermont, violates the state’s Constitution and should be stopped. Burlington in 2023 ...

Rains, Cooler Weather Help Firefighters Gain Ground on Large Wildfires in Southern New Mexico

By The Associated Press RUIDOSO, N.M.—Recent rains and cooler weather are helping more than 1,000 firefighters gain ground on two wildfires in southern New Mexico ...

Trump Outraises Biden in May, Closes In on President’s Cash Advantage: Filings

By Austin Alomzo Former President Donald Trump outraised President Joe Biden in May and now likely has more cash on hand than him, too. Financial disclosures ...

Federal Judge to Hear Arguments on Lawfulness of Jack Smith Appointment

By Catherine Yang U.S. District Judge Aileen Cannon, who is overseeing one of the four criminal cases against former President Donald Trump, has scheduled a ...

Nearly Half of US EV Drivers Consider Switching Back to Gas Vehicles: McKinsey Study

By Andrew Moran More electric vehicle drivers are thinking about switching back to internal combustion engine automobiles, according to new findings from the 2024 McKinsey ...

Biden and Trump Qualify for 1st Presidential Debate

By Jacob Burg President Joe Biden will face former President Donald Trump in the earliest presidential debate in history during an election year, as the ...