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

Senators Weigh Canceling August Recess to Confirm Trump Nominees

By Joseph Lord and Nathan Worcester WASHINGTON—Senators are considering whether or not to cancel the August recess in order to confirm President Donald Trump’s judicial ...

Hackers Targeting Microsoft SharePoint Servers

By Naveen Athrappully Hackers are attacking on-premises Microsoft SharePoint server vulnerabilities, the U.S. Cyber Security and Infrastructure Defense Agency (CISA) announced in a July 20 ...

Trump’s Big Beautiful Bill to Increase Deficit by $3.4 Trillion, CBO Projects

By Lawrence Wilson The One Big Beautiful Bill Act will increase the U.S. deficit by $3.4 trillion over the next 10 years, the Congressional Budget ...

Off-Duty Border Patrol Agent Shot in NYC in Apparent Robbery Gone Wrong

By Joseph Lord An off-duty agent of U.S. Customs and Border Patrol (CBP) was shot on Saturday in a Manhattan park during what officials are ...

Texas GOP Set to Redraw State’s Congressional Map During Special Session

By Jacob Burg Texas Gov. Greg Abbott called for a July 21 special session of the state Legislature to discuss efforts to redraw the state’s ...

Trump Admin Greenlights Gold Mine in Nevada

By Naveen Athrappully The Bureau of Land Management has approved the Spring Valley Gold Mine project in Nevada. The project, located in Pershing County, is ...

Duplicate Medicaid Enrollees Cost Taxpayers $14 Billion a Year: Report

By Lawrence Wilson Millions of people are enrolled in government health-care programs in more than one state or signed up concurrently in multiple programs that ...

FBI and NSA Had Low Confidence That Russia Was Behind the DNC Hack

By Ivan Pentchoukov The FBI and the National Security Agency, in the heat of the 2016 election, dissented from an intelligence community assessment, which judged ...

Home Builder Confidence Improves Following Passage of Trump’s Megabill

By Naveen Athrappully Confidence among home builders regarding future sales expectations increased this month after President Donald Trump signed the One Big Beautiful Bill Act ...

Trump Undergoes Medical Exam After Swelling in Legs

By T.J. Muscaro President Donald Trump underwent a medical evaluation after swelling in his lower legs and bruising on his hands, the White House said. ...

House Passes Landmark Stablecoin Bill, Sends It to Trump’s Desk

By Andrew Moran and Nathan Worcester House lawmakers passed a landmark stablecoin bill on July 17 in a vote of 308–122, sending it to President ...

Trump Admin Cancels Funding for California’s High-Speed Rail Project

By Naveen Athrappully U.S. President Donald Trump announced the cancellation of funding for California’s High-Speed Rail project, citing delays and affordability issues, according to a ...