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White House defends Biden decision to raise refugee cap

Joe Biden. (Photo by Chip Somodevilla/Getty Images) OAN NewsroomUPDATED 7:30 PM PT – Sunday, April 18, 2021 U.S. officials said Joe Biden is committed to raising the cap of refugee admissions this year, just days after announcing he would stick with the cap set by President Trump. First, Biden signed orders limiting refugee admissions to […]

Repealing Trump’s SALT Cap Deemed Unpopular as It Benefits Rich

WASHINGTON—A bipartisan group of lawmakers is pushing to eliminate the cap on federal tax deductions for state and local taxes (SALT) but many argue that such a move would massively favor the rich. For decades, the ability to deduct SALT has been an important tax break for taxpayers who itemize deductions on their federal income tax returns. The 2017 Tax Cuts and Jobs Act […]

White House Says Biden Will Increase Refugee Cap After Left-Wing Backlash

President Joe Biden’s administration on Friday issued a directive to keep the Trump administration’s cap on refugee limits, but hours later White House press secretary Jen Psaki issued a statement saying Biden would “set a final, increased refugee cap for the remainder of this fiscal year by May 15.” Psaki made the statement after several left-wing lawmakers […]

Crypto market cap surges to record $2 trillion, bitcoin at $1.1 trillion

FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo April 6, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data […]

Democrat Governors Push Biden to Remove Cap on SALT Tax Deductions

A group of powerful Democrat governors is pressuring President Joe Biden to remove a cap on state and local tax deductions, known as SALT. New York Gov. Andrew Cuomo, California Gov. Gavin Newsom, and five other governors wrote to Biden on Friday praising his administration for steps its taken so far, including the $1.9 trillion […]

U.S. trade groups urge Biden to cap natural gas prices after Texas freeze last week

FILE PHOTO: Workers install a utility pole to support power lines after an unprecedented winter storm in Houston, Texas, U.S., February 22, 2021. REUTERS/Adrees Latif February 25, 2021 (Reuters) – Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and […]

Bitcoin market cap surpasses $1 trillion

NEW YORK, NEW YORK – FEBRUARY 08: A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York City. Tesla announced on Monday that it purchased $1.5 billion worth of bitcoin. (Photo by Michael M. Santiago/Getty Images) OAN NewsroomUPDATED 6:35 PM PT – Friday, February 19, 2021 Bitcoin’s […]

Biden Backs $75,000 Income Cap for CCP Virus Stimulus Checks

President Joe Biden backs a $75,000 limit on income for people who would get $1,400 stimulus checks under a House proposal for the CCP virus relief bill. That amount is $25,000 higher than than the income limit sought by Sen. Joe Manchin (D-W.V.)  whose crucial vote the Democrats would likely need should they choose to […]

Biden to Order Huge Addition to Refugee Cap Amid COVID-19 Pandemic

President Joe Biden on Thursday vowed to dramatically raise the cap on refugees permitted to enter the United States, even above the number during the last year of the Obama administration. “Today, I’m approving an executive order to begin the hard work of restoring our refugee admissions program to help meet the unprecedented global need,” […]

Brazil has tools within spending cap rules to help poor, says economy minister | One America News Network

FILE PHOTO: Brazil’s Economy Minister Paulo Guedes attends a seminar on the resumption of the Brazilian economy, in Brasilia, Brazil, December 8, 2020. REUTERS/Ueslei Marcelino December 11, 2020 By Gabriel Ponte BRASILIA (Reuters) -The Brazilian government has the financial tools to support some of the country’s most vulnerable people next year without threatening the spending […]