Parents can currently get a child tax credit of up to $3,000 per child under 18 years old, and $3,600 for kids under age 6. That value is poised to drop to $1,000 per kid after 2025. The current version of Democrats' Build Back Better Act would only extend the current credit for another year, […]
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Prices will remain high until the Covid pandemic is over, deputy Treasury secretary says
The Covid pandemic, supply chain issues and inflation are challenges facing the Biden administration currently. Only 41% of voters approve of Biden, according to the latest Washington Post/ABC survey released on Sunday, continuing a downward trend in the president's ratings. Deputy Treasury Secretary Wally Adeyemo said high prices would moderate once the pandemic was "fully […]
House Democrats move to censure GOP Rep. Paul Gosar over anime video depicting him killing AOC
A group of House Democrats introduced a resolution to censure GOP Rep. Paul Gosar for posting a cartoon video that depicted him killing Rep. Alexandria Ocasio-Cortez, D-N.Y., and swinging swords at President Joe Biden. The motion was introduced by Rep. Jackie Speier, D-Calif., and nine other lawmakers. They group said such violent images increase threats […]
Greenwashing or viable solution? Europe has a big decision to make on nuclear power
It is a long-standing dilemma that the European Commission, the executive arm of the EU, must resolve in the coming weeks. Ultimately, its decision will have repercussions on its efforts to be a global leader in the area of climate change. LONDON — The European Union must decide whether nuclear is a clean source of […]
New York's incoming mayor says crypto should be taught in schools
New York City mayor-elect Eric Adams thinks that schools should add cryptocurrency and blockchain technology to the curriculum. In an interview with CNN's "State of the Union," Eric Adams said that bitcoin is the "new way of paying for goods and services throughout the entire globe" and that schools "must" teach the technology behind it. […]
Investors are piling into infrastructure stocks after House passes Biden plan
Stocks tied to infrastructure moved higher on Monday morning after the House of Representatives passed a $1 trillion bill over the weekend, giving President Joe Biden one of his signature achievements and rewarding investors who bet on his plan. The strength for those infrastructure stocks showed up in the Global X US Infrastructure Investment ETF, […]
Trump-linked group that battled Hillary Clinton in 2016 rebranded this year to attack critical race theory in Virginia
A group that attacked critical race theory during Virginia's gubernatorial race is tied to Trump allies Newt Gingrich and Ben Carson. The group, 1776 Action, is a nonprofit "dark money" organization that isn't required to publicly disclose its donors. Before this year, it was known as the American Legacy Center. It targeted Hillary Clinton during […]
Capitol police pull man out of suspicious SUV parked in front of Supreme Court: 'Everyone is safe'
U.S. Capitol Police said Tuesday they extracted a man from an SUV parked in front of the Supreme Court building and placed him in custody. The police had closed down streets on Capitol Hill as they investigated the suspicious vehicle. The heavy police presence, which included dozens of officers and multiple police dogs, came on […]
U.S. will use all steps necessary to defend its economic interests against China, top trade official says
U.S. Trade Representative Ambassador Katherine Tai slammed China's unfair trade practices and vowed to protect U.S. economic interests in a speech Monday. "Our objective is not to inflame trade tensions with China," Tai said in an address to an audience at the Center for Strategic and International Studies, a Washington-based think tank. WASHINGTON – U.S. Trade Representative […]
Alaska Airlines tells employees they must get Covid vaccinations under federal rules
Alaska Airlines told its 22,000 employees that the carrier's work as a government contractor means they must be vaccinated against Covid-19 because of new federal rules. Alaska doesn't currently mandate its employees be vaccinated but offers $200 to staff who share proof of full vaccination with the company. A "significant majority" of Alaska's staff is […]