U.S./World News

NYT: Trump Paid $750 in U.S. Income Taxes in 2016, 2017

Published by Scott Stewart on Tue, 09/29/2020 - 4:00am

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New York Times.

Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes in 10 of the past 15 years.

5 Takeaways From Times Report on Trump’s Tax Returns

Published by Scott Stewart on Tue, 09/29/2020 - 3:00am

Washington – A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House – and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed –’ served to raise doubts about Trump’s self-image as a shrewd and successful businessman.

For Breonna Taylor, Limits of Law Overcome Calls for Justice

Published by Nikki Ratay on Mon, 09/28/2020 - 4:00am

“Arrest the cops who killed Breonna Taylor” became a rallying cry this summer, emblazoned on T-shirts worn by celebrities and sports stars while protesters filled the streets demanding police accountability. In the end, none of the officers were charged with Taylor’s killing, although one was indicted for shooting into a neighboring home that had people inside.

AP Explains Results of Breonna Taylor Death Investigation

Published by Nikki Ratay on Mon, 09/28/2020 - 3:00am

Louisville, Ky. – Six months after Breonna Taylor was fatally shot by police in her Kentucky apartment, a grand jury delivered a long-awaited answer about whether the officers would be punished.

Trump Won’t Commit to Peaceful Transition If He Loses

Published by Nikki Ratay on Mon, 09/28/2020 - 1:00am

Washington – President Donald Trump has again declined to commit to a peaceful transfer of power if he loses the Nov. 3 presidential election.

Suppliers Reluctant to Ship Goods Without Credit Insurance

Published by Nikki Ratay on Sun, 09/27/2020 - 1:00am

New York – Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores.

The reason? The 66-year-old family-owned sock maker can’t get enough credit insurance to cover potential losses if the stores can’t pay for the goods they’ve ordered.

U.S. Companies Seeking Tariff Relief Face Red Tape, Delays

Published by Nikki Ratay on Sun, 09/27/2020 - 1:00am

Washington – Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a federal watchdog found.

COVID-19 Danger Continues to Drive Joblessness

Published by Nikki Ratay on Sat, 09/26/2020 - 5:00am

Washington – The number of Americans applying for unemployment benefits fell two weeks ago to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of COVID-19 was detected in the U.S.

Fed Sees Rates Near Zero Through At Least 2023

Published by Nikki Ratay on Sat, 09/26/2020 - 4:00am

Washington – With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled last Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer.

Barr Takes Aim at Prosecutors Inside Justice Department

Published by Nikki Ratay on Thu, 09/24/2020 - 4:01am

Washington – Attorney General William Barr is taking aim at his own Justice Department, criticizing prosecutors for behaving as “headhunters” in their pursuit of prominent targets and for using the weight of the criminal justice system to launch what he described as being “ill-conceived” political probes.

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