Mamdani urges higher taxes on New York’s wealthiest as budget gap deepens
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that th...
Bipartisan agreement ensures continued funding and passage of Social Security reform.
In a dramatic conclusion to weeks of tense negotiations, the U.S. Senate passed a government funding bill early Saturday (December 21), narrowly avoiding a shutdown ahead of the holiday season. The Democratic-controlled Senate voted 85-11 in favor of the measure, just 38 minutes after the midnight deadline.
The legislation, which now awaits President Joe Biden's signature, ensures the government remains funded into the new year. Senate Majority Leader Chuck Schumer praised the bipartisan effort, saying, “It’s a good outcome for America and the American people.”
Social Security Fairness Act Passed
Alongside the funding bill, the Senate also passed the Social Security Fairness Act, correcting a long-standing issue that had reduced Social Security benefits for millions of retired public-sector workers. Schumer heralded the passage as “the end of a 50-year mistake,” benefiting teachers, firefighters, and other state and local workers.
Controversy and Compromise
The path to the agreement was marked by turbulence. An initial bipartisan deal was derailed after objections from President-elect Donald Trump and billionaire Elon Musk, leading to accusations from Democrats of undue influence by an unelected figure. The final version of the bill omitted several Democratic priorities, reflecting concessions made to secure Republican support.
Broader Implications
Schumer expressed hope that the bipartisan approach seen in the final negotiations could set a tone for cooperation in the coming year. The funding bill, he said, supports disaster relief, aids farmers, and avoids harmful spending cuts.
The resolution brings temporary stability to U.S. government operations, but the challenges of crafting longer-term agreements loom in the months ahead.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Former Ukrainian diplomat Andrii Telizhenko has told AnewZ that Ukraine’s diplomatic institutions have lost their strength and sovereignty since 2014, alleging that Western governments now exert direct influence over staffing decisions and foreign policy messaging.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as violent winds, heavy rain and snowfall battered the country before moving into Spain.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
The United States is handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of Donald Trump’s administration returning such a vessel, Reuters reported.
Colombian authorities on Wednesday located a missing plane carrying 15 people in the northeast of the country, with no survivors found, an Air Force source and local media said.
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