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WASHINGTON — Divided House Republicans stumbled last week in their effort to pass Speaker Mike Johnson’s bill to fund the government. “A government shutdown is always a bad idea, at any time,” Senate Minority Leader Mitch McConnell, R-Ky., told reporters. The speaker’s initial strategy had called for a six-month continuing resolution (CR) tied to the SAVE Act, legislation backed by Republican presidential nominee Donald Trump requiring proof of citizenship to vote. It’s unclear whether Johnson this week will try to tweak the SAVE Act approach or try something entirely different. Republicans see the SAVE Act as a mechanism to try to force politically vulnerable Democrats into a difficult position.
Persons: Mike Johnson’s, They’ll, , Mitch McConnell, Johnson, he’s, , Sen, John Cornyn, ” Cornyn, ” Johnson, Donald Trump, JD Vance, Ohio, Mike Rogers, we’re, Joe Biden, Chuck Schumer, ” Schumer, “ You’ve, Thomas Massie, it’s “, ” Massie, Jon Tester, ” Tester, it’s, noncitizens Organizations: Republicans, GOP, SAVE, Republican, Trump, CRs, Armed Services, NBC, Capitol, Locations: WASHINGTON, Ky, Texas
People watch as Springfield Police Department officers investigate the Springfield City Hall after bomb threats were made against buildings earlier in the day in Springfield, Ohio, on Sept. 12, 2024. Ohio state police will conduct daily sweeps of schools in Springfield after authorities have been forced to investigate "at least 33" bomb threats that led to evacuations and temporary building closures, Ohio Gov. "We want to make sure, as school continues this week in Springfield, that parents have confidence that the school is in fact safe," the Republican governor said at a press conference. Local health officials have also denied that the influx of Haitian immigrants in the city has led to a rise in "communicable diseases" — another claim Vance promoted. There's no evidence of this at all," DeWine said Sunday on ABC's "This Week."
Persons: Mike DeWine, DeWine, Donald Trump, Ohio Sen, JD Vance, Vance, Trump, Kamala Harris, Rob Rue Organizations: Springfield Police Department, Springfield City Hall, Ohio Gov, Republican, Democratic Locations: Springfield, Springfield , Ohio, Ohio
An undated selfie shows Ryan W. Routh, a suspect identified by news organizations, as the FBI investigates what they said was an apparent assassination attempt in Florida on Republican presidential nominee and former U.S. President Donald Trump, in this image obtained from social media. The suspect in an apparent assassination attempt against former President Donald Trump is making his first appearance Monday in federal court in Florida. Routh was arrested Sunday after U.S. Secret Service agents opened fire near Trump's golf course in West Palm Beach while the Republican nominee was playing a round. The incident could mark the second assassination attempt against him in two months. Trump's ear was grazed by a bullet during a prior assassination attempt at a campaign rally in Pennsylvania in July.
Persons: Ryan W, Routh, Donald Trump, Ryan Wesley Routh, Judge Ryon McCabe, Trump, Thomas Matthew Crooks, Kamala Harris, Joe Biden Organizations: FBI, Republican, West Palm Beach, NBC, NBC News, Secret Service, Nissan, Democratic, House Locations: Florida, U.S, West Palm, Trump's, Pennsylvania, America
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.
Persons: It's, Sarah Min, Biden, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, Discount, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S
Gold prices at all-time highs as traders eye deeper U.S. rate cut
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate reduction by the U.S. Federal Reserve this week. Spot gold was up 0.5% at $2,588.29 per ounce, as of 0551 GMT, after hitting an all-time high of $2,589.23 earlier in the session. This would be Fed's first rate cut since 2020. Zero-yield bullion tends to be a preferred investment amid lower interest rates and geopolitical turmoil.
Persons: Jerome Powell, Tim Waterer, Donald Trump Organizations: Federal, U.S . Federal Reserve, KCM, Bank of England, Bank of Japan, Republican, FBI Locations: China, Japan, Indonesia, Malaysia, South Korea
News of an apparent assassination attempt on former U.S. president Donald Trump has taken China's heavily censored social media by storm, prompting conspiracy theories and a mockery of the U.S. political landscape. As the news spread to China on Monday, discussions concerning the incident were trending on the popular Chinese social media platform Weibo, with netizens pointing out how Trump had just recently escaped an attempt on his life at a campaign rally on July 13. Other outlandish conspiracy theories proliferated on the platform, mentioning religious groups. Separate from the conspiracy theories, many netizens theorized that Trump stood to benefit from the incident. In a fundraising email shortly after the incident, Trump said he was safe and in good spirits.
Persons: Donald Trump's, Donald Trump, Trump, Shooter, Ric Bradshaw, Weibo, Shen Yi, Harris, Ryan Wesley Routh, Routh, Zenith Wong, Anniek Bao Organizations: Republican, Donald Trump's Trump, Federal Bureau of Investigation, Weibo, Trump, Fudan University's Department of International, Democrats, NBC News Locations: West Palm Beach , Florida, U.S, Trump's Florida, China, Trump, Beach, American
“The Secret Service needs more help,” Biden told reporters while leaving the White House on Monday. Chip Somodevilla/Getty ImagesActing US Secret Service Director Ronald Rowe met with Trump and local law enforcement on Monday in Florida. Secret Service Director Kimberly Cheatle resigned in the fallout from the assassination attempt, leading to Rowe’s appointment as acting director. Those concerns were underscored by details revealed Monday about the suspected shooter’s whereabouts before he was ultimately spotted by Secret Service agents. Moskowitz said Sunday that the Secret Service needed to consider taking more drastic measures, such as shutting down a significantly wider perimeter.
Persons: Donald Trump, he’s, He’s, Jared Moskowitz, CNN’s Anderson Cooper, Joe Biden, ” Biden, Chip Somodevilla, Ronald Rowe, Rowe, ” Rowe, “ there’s, Trump, , there’s, , Trump’s Butler, Kimberly Cheatle, Ryan Wesley Routh, Jonathan Wackrow, Ric Bradshaw, ” Bradshaw, Joe Raedle, Obama, Bush, Clinton, ” Wackrow, Butler, Cheryl Tyler, CNN’s Wolf Blitzer, ” Tyler, protectee, Robyn Beck, Moskowitz, ” Moskowitz, Biden, Ro Khanna, CNN’s Holmes Lybrand, Kristen Holmes, Whitney Wild Organizations: CNN, Republican, Secret, Trump, Florida Democrat, Service, White, House, Trump’s, Trump International Golf, Nissan, Secret Service, Martin County Sheriff’s, Martin County Sheriff's, Facebook, United Nations General Assembly, White House Communications Agency, Department of Defense, Trump National Golf Club Los, Getty, ” Agency, , California Democrat, Congress Locations: Palm, Butler , Pennsylvania, Florida, Congress, Washington ,, Lago, Trump, Martin County, Iran, New York City, Mar, Palm Beach, Beach, West Palm Beach , Florida, Butler, Rancho Palos Verdes , California, AFP, California
Upstart Holdings – Shares of the personal finance firm fell 5% after the announcement of a new debt offering. Sprouts Farmers Market – Shares of the supermarket chain rose nearly 5% following an upgrade to outperform from in line at Evercore ISI. The investment firm wrote that Sprouts, which specializes in organic products, could be a beneficiary of a trend towards healthier eating. Apple – Shares slumped 3% following reports of sluggish demand for some of the company's latest iPhone models. Yelp – Shares dropped 4% after Bank of America initiated coverage of Yelp with an underperform rating.
Persons: Nuvalent, Bausch, Goldman Sachs, Morgan Stanley, Donald Trump, Ming, Chi Kuo, , Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Financial Times, FT, Alcoa, Intel –, Bloomberg, Intel, Pentagon, Micron Technology, Evercore ISI, Trump Media & Technology, Apple –, TF Securities, Apple, JPMorgan, Bank of America Locations: California
Oil prices inch up on Fed rate cut outlook
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by U.S. supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2% at $71.76 a barrel at 0015 GMT. U.S. crude futures for October were up 23 cents, or 0.3%, at $68.88 a barrel. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurricane's aftermath. A key factor that will dominate the market this week is how aggressive a rate cut the U.S. Federal Reserve will deliver following its Sept. 17-18 meeting.
Persons: Francine, Donald Trump, Benjamin Netanyahu, Israel Organizations: Brent, U.S . Federal, FedWatch, ANZ, Republican Locations: Tatarstan, Russia, U.S, China, Mexico, Gulf, Florida, Iran, Israel
CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! Furthermore, jumbo hikes of 75 basis points were enacted between June 2022 to November 2022. But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.
Persons: It's, Sarah Min, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S
Donald Trump can sell his Trump Media stock soon, potentially scoring a huge payout. The lockup period for Trump Media shares ends September 25, or earlier if some conditions are met. Trump's stake in Trump Media is worth about $2 billion, over half his total net worth. Go to newsletter preferences Thanks for signing up! The potential source of the wealth is the Republican presidential nominee's company Trump Media, which owns his platform, Truth Social.
Persons: Donald Trump, Trump's, , Trump Organizations: Trump Media, Service, Republican, Nasdaq
The history of the US Secret Service
  + stars: | 2024-09-16 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +7 min
The agency was commissioned within the Treasury Department, and the Secret Service was entirely focused on counterfeit money, a major problem of the day. Threatening presidents was not made a crime until 1917, the same year Congress approved Secret Service protection for the immediate family of a president. The Secret Service remained a part of the Treasury Department until 2003, when a massive government reorganization after the 9/11 terror attacks moved the Secret Service to the Department of Homeland Security. But the Secret Service is still tasked with fighting financial crimes. The entire Secret Service employs nearly 8,000 people for its protective and investigative missions, and it secures thousands of events each year.
Persons: Abraham Lincoln, Allan Pinkerton, Lincoln, Erik Larson, Pinkerton, Union Gen, George McClellan, McClellan, Lafayette Baker, John Frederick Parker, Parker, John Wilkes Booth, Baker, Booth, Grover Cleveland, — James Garfield, William McKinley, Leon Czolgosz, Theodore Roosevelt, Roosevelt, Robert F, Kennedy, Trump’s reemergence, Trump, CNN’s Stephen Collinson, Kamala Harris, walling, Ryan Wesley Routh, Sen, JD Vance, Trump’s, Ron DeSantis, Kimberly Cheatle Organizations: CNN, Union, of Congress, Library of Congress, Smithsonian Magazine, Ford’s Theatre, United States Secret Service, Service, Treasury Department, Congress, White, California Democratic, Department of Homeland Security, Trump, Republican, Secret Service, Republican Gov Locations: Baltimore, Lincoln, Washington, DC, Los Angeles, New York City, Pennsylvania, West Palm Beach , Florida, Alexandria, Virginia
Now, with 50 days until the presidential election, the Republican nominee says he would be launching World Liberty Financial in a Twitter Spaces event that began shortly after 8 p.m. CNBC sent detailed questions to a World Liberty Financial press email address on Monday. He's also part of the small group of World Liberty Financial founders, according to an internal report on the project obtained by CoinDesk. Along with Trump, Witkoff is one of at least a half dozen members of the project's "leadership team." CNBC reached out to World Liberty Financial, the Trump campaign, and the Trump Organization to ask for details related to the project and did not immediately hear back to this request.
Persons: Donald Trump, Kamala Harris, Donald Trump's, cryptocurrencies, Trump, Barron, He's, Gary Gensler, Farokh Sarmad, Steve Witkoff, Witkoff, Trump's, Donald Trump Jr, Eric Trump, Barron Trump, Zach Witkoff, Eric, Donald Jr, didn't Organizations: Democratic, U.S, Republican, Liberty, GOP, Securities and Exchange Commission, SEC, Trump, CNBC, Liberty Financial, Trump International Golf Club, FBI, World Liberty Financial, CoinDesk, Witkoff, Bloomberg, Trump Organization Locations: Philadelphia, Palm, West Palm Beach , Florida, Nashville
“It’s a huge turning point in our lives,” said Fischer, who was 6 when a gunman killed 20 first graders and six educators at Sandy Hook Elementary School on Dec. 14, 2012. Emma brown, giffords executive directorSince 2013, at least 122 people have been killed by gunfire in 64 planned school shootings, according to NBC News’ tracker. “We were told this would be what turns everything around,” said Emma Ehrens, 18, who was next to the Sandy Hook gunman as he shot her classmates. “It really breaks your heart a little bit more every time.”A memorial site along a road in Sandy Hook after the mass shooting at Sandy Hook Elementary School in Newtown, Conn., in 2012. Since Sandy Hook, states have passed more than 620 gun safety laws, Brown said.
Persons: Grace Fischer, Fischer, It’s, , Henry Terifay, Lilly Wasilnak, Matt Holden, Harris, Lawrence Jackson, Emma Brown, Giffords, Gabby Giffords —, ” Brown, Trump, Emma, giffords, Emma Ehrens, Sandy, Sandy Hook, Lisa Wiltse, Kamala Harris, , you’ve, ” Harris, Ella Seaver, Donald Trump, JD Vance, “ We’ve, they’re, ” Vance, Vance, Biden, JT Lewis, Jesse, ” Lewis, Brown, Joe Biden, Holden, ” Wasilnak Organizations: Sandy Hook Elementary, Sandy Hook Elementary School, White, Las, NBC News, Apalachee High, Johns Hopkins Center for Gun Violence Solutions, Getty, Republican, National Rifle Association, , Federal School Safety Commission, Safer Communities Locations: Sandy, Newtown , Connecticut, U.S, Newtown, Conn, Ohio, Phoenix
Republican presidential nominee and former U.S. President Donald Trump gestures during a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. Former President Donald Trump was safe on Sunday after his campaign said it heard gunshots fired in his vicinity. The sounds were heard on Trump's golf course in West Palm Beach, Florida, where the the Republican presidential nominee was golfing, a source familiar with the matter told NBC News on Sunday. The former president was immediately taken to a safe location, the source said. The Secret Service said in a statement posted on X that it was "investigating a protective incident" involving Trump.
Persons: Donald Trump, Trump Organizations: Trump National Golf Club, CNBC, Republican, NBC, Trump Locations: Rancho Palos Verdes , U.S, West Palm Beach , Florida
Shares of Trump Media surged Friday after majority owner Donald Trump said he is not selling his stake. Trading in the stock was halted briefly Friday afternoon after Trump’s comments to the press at his golf club in California. Trump said that Truth Social, the Twitter-like social media platform owned by Trump Media, is “great for me.”And he blamed the Securities and Exchange Commission for Trump Media’s monthslong stock slump, which had driven shares down by more than 80% from their intraday peak after the company began trading on the Nasdaq in late March. I’m not going to sell my shares,” he said. I did it because I really wanted to have a strong voice, and it’s a great voice for me,” he said.
Persons: Donald Trump, , , Trump, I’m, it’s Organizations: Trump Media, Republican, Securities and Exchange Commission, Trump, Nasdaq Locations: California
Senate Finance Committee Chair Ron Wyden threw shade at Republican presidential nominee Donald Trump on Friday over Trump's latest campaign promise: to eliminate income taxes on overtime pay. "Donald Trump is losing, and these tax proposals he's floating out of desperation are as fake as his tan," Wyden said in a statement. The Oregon Democrat who leads the Senate tax writing panel said the former president "knows Republicans in Congress have no intention of passing this stuff." Trump campaign spokesman Steven Cheung fired back at Wyden, telling CNBC the senator "shouldn't be disrespecting hard-working Americans and taking money out of their pockets." "But it's not surprising coming from a loser like Wyden who has a history of persecuting everyday Americans," Cheung added.
Persons: Ron Wyden, Donald Trump, Trump's, Wyden, Trump, Steven Cheung, shouldn't, it's, Cheung Organizations: Republican, Oregon Democrat, Congress, Wyden, CNBC
Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump said he is not selling his stake. Trump said that Truth Social, the Twitter-like social media platform owned by Trump Media, is "great for me," adding that his stake is still worth more than $1 billion. I'm not going to sell my shares," he said. Analysts have said that investing in Trump Media has become a way for Trump's fans to support him or bet on his political fortunes. The company fell to its post-merger low point this week amid concerns that Trump might start selling his shares once he is free to do so.
Persons: Donald Trump, Trump, I'm, it's, — CNBC's Josephine Rozzelle Organizations: Republican, Trump National Golf Club Los, Trump Media, Nasdaq, SEC Locations: Rancho Palos Verdes , California, California
Trump rejects second Harris debate
  + stars: | 2024-09-12 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
Republican presidential nominee Donald Trump on Thursday said there will not be another debate against his Democratic rival, Vice President Kamala Harris. "Polls clearly show that I won the Debate against Comrade Kamala Harris, the Democrats' Radical Left Candidate, on Tuesday night, and she immediately called for a Second Debate," Trump wrote. The showdown in Philadelphia was Trump's second presidential debate of the 2024 election cycle. Moments after the debate ended, Harris campaign chair Jen O'Malley Dillon called for a second debate in October. "Vice President Harris is ready for a second debate.
Persons: Donald Trump, Kamala Harris, Harris, Trump's, Trump, David Muir, Linsey Davis, Joe Biden, KAMALA, Republican Sen, JD Vance, Tim Walz, George Stephanopoulos, Jen O'Malley Dillon Organizations: Democratic, U.S, Republican, Trump, ABC, Democratic Minnesota Gov, Fox News, NBC News Locations: Philadelphia , Pennsylvania, U.S, Thursday's, Philadelphia, Charlotte , North Carolina, Ohio
A judge on Thursday dismissed two criminal counts against Donald Trump in his Georgia election interference case, but kept intact the top racketeering charge and other counts against the former president and other defendants. Fulton County Superior Judge Scott McAfee also tossed out a third count that had been lodged against a number of Trump allies. The third count the judge tossed — numbered as Count 14 in the indictment — was criminal attempt to commit filing false documents. In March, judge tossed out three counts of solicitation of violation of oath by a public officer that had been lodged against Trump. Trump's appeal is set to be heard in oral arguments at the Georgia Court of Appeals in December.
Persons: Donald Trump, Scott McAfee, Trump, Racketeer, Joe Biden, Steve Sadow, Sadow, McAfee, , Loney, Fani Willis Organizations: Central Wisconsin Airport, Trump, Republican, White, U.S, Supreme, Georgia, of Appeals Locations: Mosinee , Wisconsin, Georgia, Fulton County
Appearing dazed and flustered by an unfamiliar and fast-changing political landscape upended by Harris becoming the Democratic presidential nominee, Trump has unleashed a torrent of mean-spirited missives, race-baiting insults and conspiratorial broadsides that even close allies and donors have acknowledged as unproductive in recent days. Loomer told CNN of the post: “It’s interesting how the media wants to, once again, falsely accuse me of being a racist. This is a woman who is on video cooking Indian food with Indian celebrities talking about how she likes cooking with curry.”Asked by Raju about Loomer, Greene said on Thursday, “I have concerns about her rhetoric and her hateful tone. And that doesn’t represent MAGA as a whole.”“I just felt like it was time to call it out. In May, Democratic Rep. Jasmine Crockett criticized Greene, calling her “racist,” following a tense House Oversight markup that quickly devolved into personal attacks.
Persons: Marjorie Taylor Greene, Laura Loomer, doesn’t, MAGA, Greene, Loomer, Kamala Harris, ” Greene, , Trump, CNN’s Manu Raju, Donald Trump, Harris, Raju, , President Trump, I’m, Jasmine Crockett, Crockett, Abby Phillip, , CNN’s Alayna Treene, Kristen Holmes, Steve Contorno, Kit Maher Organizations: Washington CNN, GOP, Georgia Republican, Democratic, Trump, Republican Party, CNN, , Democrats, Republicans Locations: Georgia, Loomer
CNN —Pete Buttigieg on Thursday slammed former President Donald Trump’s recent false claims that migrants are eating pets, saying it’s a strategy to distract from the Republican presidential nominee’s record. “There’s even more to it than demonizing immigrants – although that’s obviously part of what he’s doing,” said Buttigieg, appearing on CNN’s “The Source” with Kaitlan Collins. Buttigieg praised Vice President Kamala Harris’ debate performance but stressed that groundwork and organizing is more important to win the race. “No one night, no one event, no one appearance, no one debate is going to decide this,” Buttigieg told Collins. So that’s going to continue and I think that’s how she’s going to win.”
Persons: Pete Buttigieg, Donald Trump’s, , that’s, , Kaitlan Collins, Trump, JD Vance, Buttigieg, Biden, Kamala Harris, ” Buttigieg, Collins, “ We’re, Harris, “ She’ll, Donald Trump, he’s, Harris “ Organizations: CNN, Republican, ABC Locations: Ohio, Springfield
The father of an 11-year-old Ohio boy who was killed last year when a minivan driven by a Haitian immigrant struck his school bus said Tuesday that Donald Trump and JD Vance were “morally bankrupt politicians” who were using his deceased son as a political tool. Nathan Clark of Springfield, Ohio, denounced the Republican presidential ticket and asked them to apologize during an impassioned speech before the city commission. His statement came hours after Vance, the Republican nominee for vice president, mentioned the death of Clark’s son Aiden as a reason to oppose Haitian immigration. “Using Aiden as a political tool is, to say the least, reprehensible for any political purpose,” Clark said during the city commission’s public comment period, according to a livestream of the meeting. Earlier Tuesday, the Trump-Vance campaign thrust the 11-year-old boy and his family into the nation’s political spotlight.
Persons: Donald Trump, JD Vance, , Nathan Clark, Vance, Clark’s, Aiden, ” Clark, , Trump, Kamala Harris, Aiden Clark Organizations: Republican, Trump, Democratic Locations: Ohio, Haitian, Springfield , Ohio,
US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained more than 3% and more than 2%, respectively, in morning trading. The benchmarks are down 28% and 11% this year as uncertainty over the outcome of the election has clouded the outlook for the clean energy industry. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James analyst Ed Mills told clients in a note late Wednesday night.
Persons: Kamala Harris, Donald Trump, Sunnova, Harris, Trump, Raymond James, Ed Mills Organizations: Democratic, Republican, National Constitution Center, Clean Energy, New York Times, Siena College, White, Citi, White House Locations: Philadelphia , Pennsylvania
With fewer than 60 days until the election, investors may feel stressed by the flurry of tax policy proposals. Democratic presidential nominee Vice President Kamala Harris has plans for middle-class tax cuts while raising levies on the wealthiest Americans and corporations. Meanwhile, former President Donald Trump, the Republican nominee, aims to extend tax breaks enacted during his first term and end taxes on Social Security benefits. How it compares to recent historyBut there's a big difference between a candidate's tax idea or proposal and signed legislation. "All sorts of things are in presidential budgets that don't get enacted," said CFP and financial therapist Rick Kahler, president of Kahler Financial Group in Rapid City, South Dakota.
Persons: Donald Trump, Kamala Harris, Trump, Louis Barajas, , Harris, Rick Kahler Organizations: Republican, Democratic, U.S, New York Young Republican Club, Social Security, International Private Wealth, Finance, Kahler Locations: New York City, U.S, Irvine , California, Rapid City , South Dakota
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