Republicans are closing in on their first legislative victory of the year, after two GOP Senators previously opposed to the tax plan got on board this weekend. But Democrats still have concerns.
U.S. Congressman Ro Khanna (D-CA), who joined Cheddar before the most recent concessions were made, said the policies may benefit companies in his home district in the heart of Silicon Valley, but do little for Middle America.
“We should create technology opportunity zones across America,” he said. “I think that the federal government in partnership with the private industry could do so much to bring the new industry to many of these communities.”
Heading into the weekend, the future of tax reform seemed uncertain. Senator Marco Rubio (R-FL) was calling for a tax cut for working families. On Friday, though, he tweeted his support after the child tax credit was increased.
Senator Bob Corker also changed his position after the tax on real estate earnings was reduced, a move that could benefit his own wallet. The Tennessee Republican reportedly made $7 million off his property investments last year.
For full interview [click here](https://cheddar.com/videos/rep-ro-khanna-d-ca-congress-needs-to-step-up-to-spread-tech-development-across-the-u-s).
New research suggests giving extra cash to low-income mothers can change their infants’ brain development.
The Pentagon says that Defense Secretary Lloyd Austin has put about 8,500 troops on heightened alert, so they will be prepared to deploy if needed to reassure NATO allies in the face of ongoing Russian aggression on the border of Ukraine.
A woman has taken command of the U.S.S. Constitution for the first time in its 224-year history. Cmdr. Billie J. Farrell on Friday became the 77th commanding officer of the warship that earned the nickname Old Ironsides.
China has flown 39 warplanes toward Taiwan in its largest such sortie of the new year, amid tensions over the island's future.
New York City Mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies.
House Speaker Nancy Pelosi on Thursday reversed her position on efforts from rank-and-file members to restrict or ban members of Congress from trading stock in individual companies while in office.
The 40-page paper was widely seen as the first step in doing just that, but the document provides only partial hints as to if the Fed is supportive of a central bank digital currency.
The People's Bank of China (PBOC) announced on Tuesday that 261 million individuals, or about a fifth of the country's population, have now set up digital yuan wallets.
The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.
At a Wednesday news conference to mark his first year in office, President Joe Biden is admitting that the pandemic has exhausted and demoralized many Americans.
