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Biden allows Ukraine to use U.S. arms to strike inside Russia
  + stars: | 2024-11-17 | by ( ) www.cnbc.com   time to read: +4 min
Ukraine plans to conduct its first long-range attacks in the coming days, the sources said, without revealing details due to operational security concerns. Russia has warned that it would see a move to loosen the limits on Ukraine's use of U.S. weapons as a major escalation. Some congressional Republicans had urged Biden to loosen the rules on how Ukraine can use U.S.-provided weapons. Russia is advancing at its fastest rate since 2022 despite taking heavy losses, and Ukraine said it had clashed with some of those North Korean troops deployed to Kursk. Despite Zelenskiy's pleas, the White House had been reluctant to allow U.S.-supplied weapons to be used to strike targets deep inside Russia for fear this could escalate the conflict.
Persons: Joe Biden, Volodymyr Zelenskyy, Joe Biden's, Donald Trump, Trump, Richard Grenell, Grenell, Biden, Zelenskiy, Alex Plitsas, Radoslaw Sikorski, Putin, Sikorski Organizations: U.S, State Department, Trump, Biden, Korean, Atlantic Council, Bradley Fighting Vehicles, Abrams Tanks, White Locations: Ukraine, Kyiv, Russia, Korean, Washington, Ukrainian, U.S, Kursk, HIMARS
Kyiv loudly decries the refusal, and just when the request seems to have been parked, the Biden administration approves it. Is it too late for the US-made Army Tactical Missile Systems, or ATACMS, to make a difference if it hits targets deep inside Russia? The answer is complex and perhaps explains some of the reluctance of the Biden administration to grant permission. Secondly, Ukraine has been able to penetrate deeper inside Russia using domestically manufactured and cheaper drones. Thirdly, the permission to use US precision missiles to hit deeper inside Russia is, as it sounds, quite provocative.
Persons: Joe Biden, Biden, HIMARS, Abrams, Russia –, Donald Trump Organizations: CNN, Army Tactical Missile Systems, Analysts, Institute for, United, NATO, America Locations: Ukraine, Russia, Kyiv, ATACMS, United States, Moscow, Europe, Kursk
WBD filed the lawsuit against the NBA in July after the league signed new broadcast rights deals with Disney, Amazon and NBC collectively worth $76 billion. WBD will also receive the rights to broadcast live NBA games in northern Europe and Latin America for the next 11 years, the person said. WBD is also expected to announce it has signed a multi-year licensing deal with Disney, the person familiar with the matter said. Under the agreement, “Inside the NBA” will air exclusively on ESPN and ABC starting next season. WBD also plans to develop a sports spin-off of the “Inside the NBA” program, they said.
Persons: WBD, Charles Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal — Organizations: New, New York CNN, Warner Bros, Discovery, NBA, Disney, TNT, CNN, NBC, Wall Street, ESPN, ABC, TNT Sports, Netflix, Big, College Football Locations: New York, Europe, America
Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.
Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, , Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, , It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, , Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio
While Gaetz’s ability to be confirmed appears on the rocks among Senate Republicans, President-elect Donald Trump’s team remains confident he will eventually be confirmed, even if it’s after an ugly battle. Gaetz and Trump attorney Todd Blanche are moving full speed ahead on trying to fill out the Justice Department, according to sources familiar with the planning. In his few terms in the House, Gaetz has often been embroiled in controversy. The attorney, John Clune, also called for the release of a House Ethics Committee report detailing the committee’s investigation into Gaetz, which has been ongoing for several years. Since the Truth Social post, Trump has not asked for any specific Cabinet pick, including Gaetz, to be confirmed via recess appointment.
Persons: Matt Gaetz, Donald Trump’s, Todd Blanche, Blanche, Trump, , JD Vance, Gaetz, Matt, , Mike Johnson, John Clune, ” Sen, Lindsey Graham, Johnson, , John Cornyn, Sen, Kevin Cramer, Michael Guest, ” Cramer, Gaetz —, Democratic Sen, Richard Blumenthal, we’re, Tom Williams, Vance, Cramer Organizations: Republicans, Department of Justice, NBC, Trump, Justice Department, NBC News, Trump —, Capitol, House, , Democratic, , Washington , D.C, Inc, Getty, Pennsylvania’s Senate, GOP, Truth Social Locations: America, Texas, Orlando, Washington ,, Pennsylvania’s
House Speaker Mike Johnson said yesterday that he will request the committee not release the report. For defense secretary: Separately, the Trump transition team was caught off guard by a previous allegation of sexual assault against defense secretary pick Pete Hegseth, who had received little internal vetting, according to sources. Several members of Trump’s team have since raised questions about the viability of his nomination, according to two people close to the situation. Within 48 hours of Trump announcing Hegseth, the heads of the president-elect’s transition team were brought a complaint about the sexual assault allegation. But the nature of the allegations caused incoming chief of staff Susie Wiles to question Hegseth during a call Thursday, a source told CNN.
Persons: Donald Trump’s, Matt Gaetz, Trump, Gaetz, Mike Johnson, “ Merrick, , Trump’s, Pete Hegseth, Hegseth, Susie Wiles Organizations: ABC News, CNN, Trump Locations: Congress, Florida, Monterey , California, Monterey County
For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.
Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, , Trump’s, , Mintz, ” Mintz, they’ve, , Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, , Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, , ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville
Former Rep. Tulsi Gabbard, D-Hawaii, at the Faith & Freedom Coalition's 2024 Road to Majority Conference, in Washington, DC., on June 21. But current and former intelligence officials fear that Gabbard will refuse to relay intelligence reporting that doesn’t fit in with her — or the president’s — worldview. “Would that predisposition translate into pressure on analysis to fit the administration’s policy goals?” one senior former intelligence official said. “We’ll see.”Previous administrations have clashed with the CIA and intelligence agencies over assessments that didn’t support their policy agendas or their views about a particular threat or an adversary’s intentions. The DNI’s job “is to define the world as it is, as opposed to advocating for a world as you want it to be,” the former intelligence official said.
Persons: Tulsi Gabbard, , , Gabbard, Michael Brochstein, Donald Trump’s, George W, Saddam, Trump, Vladimir Putin, Bashar al, Assad, ” Gabbard, Syria’s Assad, Matt Gaetz, autocrats, Putin, Egypt’s Abdel Fattah el, Sissi, Narendra Modi, Modi, Jason Crow, ” Crow Organizations: NATO, Former, Faith, Majority Conference, Senate, CIA, Democratic, Indian, Modi, House Intelligence, NBC News Locations: Russia, Ukraine, Kyiv, Hawaii, Western, Washington ,, Former U.S, New Hampshire, Syria, Washington, Ukrainian, DNI, Cairo, United States, U.S, autocrats, United Kingdom, Australia, Canada, New Zealand
Jared Leopold, a Democratic strategist and former top official at the Democratic Governors Association, noted that while the Democratic governors who ran for president in 2020 were less well known, potential 2028 contenders like Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. “And I also think there’s not going to be as much to be done in the Senate with a deeper minority. Ditto for Shapiro, who has spent the days after the election focused on economic development efforts in his state. Others, like Connecticut’s Chris Murphy and Pennsylvania’s John Fetterman, look interested in shaping a new Democratic approach on myriad issues.
Persons: Kamala Harris ’, Donald Trump, , Joe Biden’s, Jared Leopold, Gretchen Whitmer, Josh Shapiro, Gavin Newsom, JB Pritzker, pushback, , Leopold, Jay Inslee’s, there’s, Trump, Caitlin Legacki, ” Legacki, Newsom, Pritzker, ” Trump, Gavin Newscum ”, ’ ” Newsom, Pritzker —, , ” —, Jared Polis, ” Pritzker, Ezra Levin, Shapiro, Whitmer, Harris ’, “ I’ve, Jocelyn Benson, ” Whitmer, winking —, Ditto, Harris, ‘ I’ve, I’ve, I’m, “ We’re, , Jon Ossoff, Raphael Warnock, Arizona’s Mark Kelly, Ossoff, Sen, Ruben Gallego, Chris Murphy, Pennsylvania’s John Fetterman, Murphy, MAGA, Joe Rogan’s, Fetterman, Wes Moore, Kentucky’s Andy Beshear, Cory Booker, Amy Klobuchar, Pete Buttigieg, Alexandria Ocasio, Ro Khanna, Khanna, he’s, Gen Z, Warnock, There’s, Mark Cuban, ” Leopold, workhorses, Democrats it’s, Al Davis ’, Robby Mook, Hillary Clinton’s, ” Mook Organizations: NBC News, Trump, Democratic, Democratic Governors Association, Michigan, Illinois Gov, Washington Gov, ” “ Governors, White, Capitol, Colorado Gov, Governors, Democracy, Hyatt, Democratic Party, Democratic National Convention, , Gridiron Club, NBC, New York, Democrats ’, Marine, Transportation, New Hampshire —, Pennsylvania Democrat, Cuban, Democrats, Oakland Raiders Locations: Pennsylvania, California, Trumpism, Illinois, Michigan, ” Michigan, Washington ,, Arizona, Sens, Cortez, New Hampshire, Washington, Cuban
I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.
Persons: Kim Jong Un, Vladimir Putin, Putin, , Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, , ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong
WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.
Persons: Donald Trump’s, Trump, he’s, Joe Biden, , Alan Morrison, , ” Morrison, , ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, , Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada
A woman told the House Ethics Committee that she saw Matt Gaetz, who is President-elect Donald Trump’s pick for the U.S. attorney general, have sex with a minor, her lawyer said Friday. “My client testified to the House Ethics Committee that she witnessed Rep. Gaetz having sex with a minor at a house party in Orlando in 2017,” Joel Leppard said. Then-Rep. Matt Gaetz, R-Fla., on Capitol Hill, on April 30. Chip Somodevilla / Getty Images fileLeppard said the woman he represents testified before the House Ethics Committee in April. A House Ethics Committee investigation was launched in April 2021.
Persons: Matt Gaetz, Donald Trump’s, , ” Joel Leppard, Chip Somodevilla, Leppard, ” Leppard, “ Merrick, Garland, Gaetz, reauthorized, Mike Johnson, Trump Organizations: U.S, Republican U.S, Wednesday, Trump, Capitol, NBC News, ABC News, Florida Panhandle, Department of Justice, Republican, Republican Senate Locations: Orlando, Florida’s, Florida
WASHINGTON — President-elect Donald Trump on Friday announced that he is selecting Karoline Leavitt to serve as White House press secretary. "Karoline is smart, tough, and has proven to be a highly effective communicator," Trump said in a statement. Leavitt served as his campaign’s national press secretary during this election cycle, and since Election Day, she has served as a transition team spokesperson. As campaign press secretary, Leavitt has also repeatedly embraced Trump's criticism of media outlets as "fake news." Leavitt served as an assistant press secretary during Trump's first term.
Persons: Donald Trump, Karoline Leavitt, Karoline, Trump, Leavitt, Trump's, It’s, I’ll, Steven Cheung, Cheung, Chris Pappas Organizations: WASHINGTON, White, American, NBC News, Democratic Locations: New Hampshire
AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.
Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, , Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida
In the end, looking backward may be more productive for Biden and Xi than trying to predict what’s next for their two nations. Biden administration officials acknowledge they have little insight into what a notoriously unpredictable leader might be planning. What Biden can do, they argue, is reiterate to Xi the value of maintaining communication, even amid the expected contention. A key counterweight could be Biden’s legacyHow Trump confronts those threats is not something he’s discussed at great length, at least as a candidate. It’s also an area his aides believe could — and should — be continued by the incoming Trump administration, though acknowledging they have little to go on when it comes to the president-elect’s intentions.
Persons: Joe Biden, Xi Jinping, Xi, Donald Trump’s, that’s, Biden, , Trump, Robert F, Kennedy, Jr, Tulsi Gabbard, Pete Hegseth, Matt Gaetz, He’s, there’s, Xi’s, , Jake Sullivan, aren’t, China’s, , Obama, he’s, Russia’s Vladimir Putin, It’s, Korea’s Yoon Suk, Shigeru Ishiba Organizations: Peru CNN —, Biden, White, APEC, Xinhua, Mar, Lima Convention Center, Trump Trump, Ukraine Locations: Lima, Peru, Chengdu, China, Washington, Beijing, United States, Bali, San Francisco, Taiwan, Ukraine, Russia, Iran, North Korea, Pyongyang, Japan, South Korea, Tokyo, Seoul, East Asia
Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.
Persons: Volodymyr Zelensky, , ” George Barros, Barros, That’s, , ” Barros, Kupiansk, Zelensky, Pokrovsk, Diego Fedele, they’ve, “ It’s, , that’s, Vladimir Putin’s, Putin, Donald Trump, Trump Organizations: CNN, Institute for, Geospatial Intelligence, Kyiv, Ukrainian, Russian Central Bank, Western Locations: Moscow, Russia, Ukraine, Russian, Kursk, Ukrainian, Kupiansk, Kharkiv, Ukraine’s, Kurakhove, Pokrovsk, crosshairs, Avdiivka, North, United States
I sold the property, called Live Oak Lake, for $7 million in October 2023. Part of the reason I considered selling Live Oak Lake was because of the stress of running it. We listed Live Oak Lake for sale in the summer of 2022. AdvertisementSelling the property has alleviated my stressI think I sold Live Oak Lake at the right time. AdvertisementThe Live Oak Lake project was an amazing project, a baptism by fire in the realms of real estate, marketing, and hospitality.
Persons: Isaac French, Instagram Organizations: influencers, Business Locations: Texas, Nordic, Waco, Zillow, Instagram
But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.
Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès
The 22-year-old content creator approached her doctor about weight loss medication in March, before she had breast reduction surgery. Method: Zepbound, diet changes, exerciseZepbound, diet changes, exercise Duration: Took Zepbound from May to October. “The breast reduction was a big step, but the weight loss put a little cherry on top,” she said. Method: Compounded semaglutide, diet changes, exerciseCompounded semaglutide, diet changes, exercise Duration: Took compounded semaglutide from February to May. Method: Ozempic, diet changes, exerciseOzempic, diet changes, exercise Duration: Took Ozempic from May 2020 to October 2023“I was very close to being 300 pounds.
Persons: Sanjay Gupta, , Eduardo Grunvald, Alexus Murphy, CNN Alexus Murphy, Alexus, Murphy, It’s, it’s, , ” Murphy, Alexus Murphy She’s, “ It’s, “ I’m, you’re, Steven Ray, Ray, he’s, ” Ray, Becky Bell, CNN Becky Bell, she’s, Bell, ” “, ” Ozempic, Max Nazaire, ” Bell, Nazaire, She’s, Ozempic, Dustin Gee, CNN Dustin Gee, didn’t, I’ve, , ” Gee, Gee, , Cristian, Emanuel, Jackson, Alex, Gee's, Dr, CNN’s Tal Yellin Organizations: CNN, CNN — Research, University of California, BMI, Houston, Inland, Health, Medi, Cal, US Food and Drug Administration, FDA, , Bell, Ozempic, Mayo Clinic Diet, Get CNN, CNN Health Locations: San Diego, California, Houston, Woodstock , Georgia, Safe Haven, Peru, Bellingham , Massachusetts, Lima
Mr. Gaetz, the former congressman from Florida who resigned this week, is best known for leading the effort to oust former Speaker Kevin McCarthy, whom he still frequently taunts. He has also turned his megaphone on Republican senators who are now in charge of the effort to vet and confirm him. Given the G.O.P.’s slim Senate majority, Mr. Gaetz can afford to lose the support of only three Republicans (assuming all Democrats vote against him) if he wants to be confirmed. So far, at least five have indicated they are skeptical that Mr. Gaetz could win confirmation. They include Senators Lisa Murkowski of Alaska, Susan Collins of Maine, Joni Ernst of Iowa, Kevin Cramer of North Dakota and Thom Tillis of North Carolina.
Persons: Matt Gaetz, Donald J, Trump, Gaetz, Kevin McCarthy, Lisa Murkowski, Susan Collins of, Joni Ernst of Iowa, Kevin Cramer of North, Thom Tillis Organizations: Republicans Locations: Florida, Alaska, Susan Collins of Maine, Kevin Cramer of North Dakota, North Carolina
Trump made a lot of tax promises. Can he keep them?
  + stars: | 2024-11-16 | by ( Tami Luhby | ) edition.cnn.com   time to read: +7 min
Although Trump claims that his plan to raise tariffs will replace the revenue lost to these tax breaks, experts say that’s not possible. President-elect Donald Trump's tax proposals could cost trillions of dollars. In addition to eliminating taxes on certain income, Trump also floated making interest paid on car loans fully tax deductible; getting rid of the controversial cap on state and local tax deductions; ending the double taxation on Americans who live abroad; exempting police officers, firefighters, veterans and active-duty military from federal income tax; and even exploring jettisoning the federal income tax itself. Though his campaign didn’t release details on the proposal, Trump indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Virtually all tipped workers would get some tax relief if Trump also gets rid of payroll taxes on tips, the Tax Policy Center found.
Persons: Donald Trump, ” Karoline Leavitt, Trump, Marc Gerson, Miller, , Gerson, Donald Trump's, Jabin, Idaho Sen, Mike Crapo, Mandi Critchfield, Spokespeople, Jason Smith, Chris Campbell, ” Campbell, Republican Sen, Ted Cruz of, Byron Donalds, “ Sen, Brendan Duke Organizations: CNN, Social Security, Trump, GOP, , Fox News, Capitol, Washington D.C, Republicans, Washington Post, Getty, Senate, Missouri Rep, Republican, Incamera Solutions, Yale University, Center, Rep, Center for American Progress Locations: Washington, Idaho, Nevada, Ted Cruz of Texas, Florida
President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States. Wright serves on the board of Oklo , a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors. Wright will also serve on Trump's Council of National Energy, the president-elect said Saturday. "There is no climate crisis and we're not in the midst of an energy transition either," Wright said in a video posted on his LinkedIn page last year. "There is no such thing as clean energy or dirty energy," Wright said.
Persons: Donald Trump, Chris Wright, Wright, Sam Altman, Trump's, Doug Burgum, we're, Trump, Chris Organizations: Republicans, Hyatt, Saturday, Liberty Energy, United States . Liberty Energy, Trump, U.S, Trump's, of National Energy, Interior Secretary, North Dakota Gov, American Energy Independence, Global Energy Markets, The, Energy Information Administration Locations: Washington , DC, United States, Denver, The U.S, Russia, Saudi Arabia
But major cracks appeared in January, when Rodrigo Duterte called Marcos a “drug addict” and threatened that the president could be removed from power. Months later, Vice President Duterte-Carpio resigned as education secretary, a departure seen by analysts as a sign that the relationship between the country’s top leaders was beyond repair. “And when they get there, I will be the president of hell.”Marcos insisted he thought he and the vice president were friends. Philippine President Ferdinand Marcos Jr. and Vice President Sara Duterte attend an education-related event in Manila on January 25, 2024. Despite all the controversies and alleged links to extrajudicial killings and suspected criminals, Duterte has told Davao voters that a vote for him is a vote for order.
Persons: Rodrigo Duterte, Donald Trump’s, Sara Duterte, Carpio, Ferdinand Marcos Jr, , Ferdinand Marcos, Marcos, Rodrigo Duterte’s, Richard Heydarian, , Duterte, , ” Duterte, Duterte's, Jes Aznar, Sebastian Duterte, Paolo Duterte –, Heydarian, “ It’s, ” Heydarian, Ezra Acayan, Ferdinand Marcos Sr, ” Marcos, Sandro Marcos, behead, Ranjit Singh Rye, ” Rye, Cleve Arguelles, Numero, Sebastian, Rodrigo’s, Paolo, ” Arguelles, reigniting, Prospero Nograles, Margarita, Karlo Nograles, Arguelles, Pastor Apollo Carreon, God ”, of Jesus Christ Organizations: CNN, Trump, Asian Center of, University of the, International Criminal Court, ICC, Department of Education, Lawmakers, Getty, Davao, Association of Southeast Asian Nations, Kyodo, Marcos, FBI Locations: Philippine, Davao City, Mindanao, Philippines, United States, China, University of the Philippines, Davao, Manila, , Duterte, West Philippine, Washington, Beijing, Rye, Karlo, of
AdvertisementAn Idaho couple retired with a net worth of over $2 million by living frugally and making smart investment choices. Richard learned investment strategies later in life after losing thousands in the dot-com bubble. He worked and lived frugally while attending the University of Illinois, which he said cost just $173 his first semester. Advertisement"I haven't been a disciplined, smart investor throughout my life, but I have always lived frugally," Richard said. In retirement, Richard has produced over 70 books about his hometown, American history, and trail guides.
Persons: Richard, weren't, wasn't, it's, I've, He's Organizations: University of Illinois, Air Force, Social, Social Security Locations: Idaho, Illinois, Sacramento, Airbnbs
Here's what may be behind the move as Bob Iger looks to solidify his legacy. Disney's head-turning decision to share three years' worth of earnings guidance is a fascinating strategic move — and may be part of a bigger play from legacy-minded CEO Bob Iger. The Mouse House pleased analysts this week with its quarterly earnings report, as operating income rose 23% while revenue advanced by 6%. AdvertisementBob-ing and weavingDisney's earnings report and presentation were littered with comparisons to two years ago, which seems deliberate — if subtle. Advertisement"I would guess Bob Iger is feeling the pressure to demonstrate that he has set the company back on the right track," Nollen said.
Persons: Bob Iger, Tim Nollen, Robert Fishman, Iger, Bob, Bob Chapek, , Chapek, what's, Nollen, it's Organizations: Disney, ESPN, Macquarie, Business, MoffettNathanson
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