US President Joe Biden has unveiled a framework for a$ 1.75 trillion social spending package following weeks of intensive negotiations with Congressional Democrats. The so-called Build Back Better Framework includes$ 555 billion in clean energy and climate investments;$ 400 billion in funding for child care and free preschool;$ 200 billion in child tax and earned income tax credits; and$ 150 billion in investments for affordable housing, according to a fact sheet released by the White House on T

SAN FRANCISCO: Tesla Inc chief executive Elon Musk has exercised all of his options expiring next year, signalling an end to his stock sales which triggered a fall in the share price of the world’s most valuable carmaker.He has sold US$ 16. 4bil( RM69bil) worth of shares since early November when he said he would sell 10% of his Tesla stock if Twitter users agreed.... They did. Musk said last week that he would be done selling shares after his programmed sales ended. Musk in September set up a

President Joe Biden speaks about his domestic agenda from the East Room of the White House in Washington, on Oct.... Biden is confident the Build Back Better Act can pass the narrowly divided Congress, the White House said in a statement, after months of political wrangling over what was initially planned as a$ 3.5 trillion package.... The Biden administration boasted the reduced-scope framework will mark the" largest effort to combat the climate crisis in American history," with$ 555 billion

The top rate on capital gains would rise from 20 per cent to 25 per cent, instead of the 39.6 per cent Biden proposed, the people said.... Doing so would generate an estimated$ 16 billion in revenue.... And the proposal would cut in half the$ 23.4 million estate and gift tax exemption for married filers on Dec....

close Video Fox News Flash top headlines for January 1 Fox News Flash top headlines are here.... The Supreme Court will rule on the Mississippi law by the start of summer 2022.... Chicago police officers work at the scene near where two officers were shot at 63rd Street and Bell Avenue in Chicago on Aug....

It's tallying at least$ 1.75 trillion, and could still be more.... “ With the grace of God and the goodwill of the neighbors.” Resolving the revenue side is key as the Democrats scale back what had been a$ 3.5 trillion plan, insisting all the new spending will be fully paid for and not pile onto the debt.... Sinema also opposed lifting the 21% corporate tax rate....

Let’s bring these bills over the finish line.” Biden tweeted late Wednesday.To help push lawmakers toward that goal, Biden will speak Thursday morning to the House Democratic Caucus, a person familiar with the plan told The Associated Press on condition of anonymity.... Joe Manchin of West Virginia objected, according to a senior party aide, who requested anonymity to discuss the private talks. The billionaires' tax proposal had been designed to win over another Democratic holdout, Sen.... But

Let’s bring these bills over the finish line.” Biden tweeted late Wednesday.To help push lawmakers toward that goal, Biden will speak Thursday morning to the House Democratic Caucus, a person familiar with the plan told The Associated Press on the condition of anonymity.... Joe Manchin of West Virginiaobjected, according to a senior party aide, who insisted on anonymity to discuss the private talks. The billionaires’ tax proposal had been designed to win over another Democratic holdout, Sen....

Proponents say it could save$ 600 billion over the coming decade. Opposing the drug pricing section were Democratic Reps.... The sessions underscored a White House drive to win the unanimous Democratic support the huge plan will need to survive in the 50-50 Senate. Biden met with Sen.... Much of it would be paid for by boosting taxes on the wealthy and corporations. The White House meetings came as the last of 13 House committees were pushing toward completing work Wednesday on their individua

But Democrats are scaling back some investments and shortening the timeframe for funding to whittle down spending.... As part of a COVID relief bill, Democrats increased the tax credit to$ 3, 000 per child age 6-17 and$ 3, 600 per child 5 and under.... But the programs are funded only for six years.—$ 40 billion would be provided for higher education and workforce development....