Stories from Washington D.C. · United States

Senator Chris Van Hollen and other Democrats have proposed a new tax targeting the income of millionaires. Democrat Graham Plattner is proposing a wealth tax targeting individuals with assets exceeding $1 billion. The proposed tax would levy a rate of 5-6% on such wealth. Implementation of the tax could potentially generate $4 trillion for the treasury over many years.

A patient from Lithuania has arrived in the United States to begin negotiations with the team of Donald Trump.

The EPA, FBI, CISA, and NSA have issued a joint cybersecurity advisory regarding cyberattacks on water systems linked to Iranian-affiliated actors. The advisory highlights the escalating threat to critical infrastructure and the need for enhanced defenses.

The US Treasury Department is launching a new initiative to provide cybersecurity intelligence to the digital asset industry at no cost.

Marijuana-related stocks saw a significant price increase following announcements from the Trump administration regarding the potential reclassification of cannabis. The administration is reportedly weighing several paths to move marijuana from its current Schedule 1 status. This regulatory shift is expected to impact the legal cannabis market and associated investment sectors. The news caused a intraday rally in related equities. This development follows recent executive actions regarding pharmaceutical treatments.

A C-SPAN Radio discussion highlighted the challenges facing the Wells Fargo franchise, noting it has been underperforming and restrained. The speaker suggested that fixing these issues would be a difficult but potentially rewarding task, especially given the current economic environment under the Biden administration.

WTOP Washington DC covered a Michael Jackson tribute event at Shaw's Kennedy Recreation Center. The event featured activities like skating, with participants wearing fedora hats and special gloves. Organizers aimed to celebrate the legacy of the 'King of Pop,' with children expressing enthusiasm for his music and dance.

Police in Washington D.C. sought an arrest warrant for an individual named Mills, but then-U.S. Attorney Ed Martin declined to sign it. This decision followed a change in the accuser's account after speaking with Mills, and an internal investigation into the officers' actions. The United States attorney for DC, Ed Martin, declined to issue a warrant for Congressman Mills. A police supervisor reportedly overrode an officer who spoke to Mills' accuser and wanted to pursue an arrest. Interim DC police chief Jeffrey Carroll stated the department is reviewing the events of that night. Carroll believes that if probable cause exists for a domestic offense, an arrest should be made.

The National Education Association, the largest teachers union in the United States, has passed a resolution using the term fascism to describe Donald Trump. The move reflects increasing political polarization within major American labor organizations. This development follows recent shifts in political rhetoric regarding the former president. The resolution was passed by the organization, according to the report. The broadcaster noted that the word was misspelled within the resolution itself. No specific date for the resolution was provided in the transcript. The announcement was made during a broadcast of The Guy Benson Show.

A significant majority of Americans are planning to reduce their spending due to current economic pressures. Survey results indicate that consumers will cut back on discretionary purchases, including entertainment and groceries. This suggests a growing impact of inflation on household budgets and consumer behavior. A survey of over 1,000 vehicle owners in the United States conducted earlier this month shows 73% are cutting back spending due to concerns over gasoline prices. Among those surveyed, 43% are spending less on restaurant and takeout meals. Additionally, 30% of respondents are reducing other expenditures to accommodate fuel costs. The survey follows price spikes linked to the conflict in the Middle East. Additionally, 30% of respondents are lowering their grocery bills. However, 27% of consumers report they are not changing their spending habits at all.