How $60M in tourism revenue is at risk if Alcatraz reopens
How $60M in tourism revenue is at risk if Alcatraz reopens
After Trump's suggestion to reopen Alcatraz as a working prison, CNN's Veronica Miracle hopped aboard the ferry and visited the island – along with its throng of tourists – to get a first-hand look at how $60M in tourism revenue could be at risk if the president's plans come to fruition.
00:40 - Source: CNN
Vertical Politics of the Day 15 videos
How $60M in tourism revenue is at risk if Alcatraz reopens
After Trump's suggestion to reopen Alcatraz as a working prison, CNN's Veronica Miracle hopped aboard the ferry and visited the island – along with its throng of tourists – to get a first-hand look at how $60M in tourism revenue could be at risk if the president's plans come to fruition.
00:40 - Source: CNN
Trump supporters on third term
Comedians Davram Stiefler and Jason Selvig regularly attend Trump rallies, speaking with the President's supporters for their podcast, 'The Good Liars Tell the Truth.' They tell CNN's Laura Coates there was 'constant forgiveness for anything' that President Trump does, including a possible third term.
01:31 - Source: CNN
How businesses are waiting out tariffs
With Trump's new tariffs in place on products from countries like China, many businesses are looking at bonded warehouses as a way to legally avoid paying the extra dues, for now. CNN's Julia Vargas Jones explains how they work.
01:01 - Source: CNN
Van Jones speaks with Black Trump supporters
CNN senior political commentator Van Jones speaks with a group of African Americans in South Carolina who explain why they voted for and continue to back President Donald Trump.
02:44 - Source: CNN
Vanessa Yurkevich explains Trump's big move that could raise prices
President Trump ended the de minimis exemption, a major shipping loophole that allowed shipments of goods worth $800 or less to come into the United States duty-free, often more or less skipping time-consuming inspections and paperwork. CNN's Vanessa Yurkevich explains what this move will mean for US consumers and prices.
01:01 - Source: CNN
How much the Trump family stands to earn from $2B crypto deal
CNN's Erin Burnett and chief data analyst Harry Enten look at how much money the Trump family stands to make from a major crypto deal.
01:52 - Source: CNN
Fareed's take on Trump's executive order record
Fareed Zakaria breaks down President Donald Trump's first 100 days executive order record and compares it to that of former President Franklin D. Roosevelt.
00:58 - Source: CNN
Fighting Trump's transgender military ban
Lt. Nic Talbott is a member of the US Army Reserve and the lead plaintiff in a lawsuit against President Donald Trump's ban of transgender people serving in the military. CNN's MJ Lee spoke to Talbott about his military career being in limbo.
02:01 - Source: CNN
HHS releases controversial report on transgender children
The US Department of Health and Human Services has released a 400-page review of treatment for gender dysphoria in children but did not disclose who authored or reviewed the report. CNN's Ben Hunte explains.
00:57 - Source: CNN
Would you date someone with a different political POV?
Can you separate the political context from your romantic life? CNN's Audie Cornish speaks with her show crew and with Orna Guralnik, a psychoanalyst and star of Showtime's Couples Therapy.
01:17 - Source: CNN
Manu Raju breaks down Senate vote on Trump tariffs
CNN's Manu Raju reports on the Senate rejecting a resolution that would have effectively blocked the president's global tariffs by revoking the emergency order Trump is using to enact them.
01:19 - Source: CNN
Anderson on the exodus from DOJ's civil rights division
CNN's Anderson Cooper examines the fallout of a massive number of workers leaving the Department of Justice civil rights division in the wake of the Trump administration outlining its agenda for the department's priorities.
03:56 - Source: CNN
Trump says he won't bring back Abrego Garcia
President Donald Trump acknowledged that he could secure the return of Kilmar Armando Abrego Garcia, a Maryland man who was wrongly deported to El Salvador, but refuses to do so. The comments appear to contradict previous remarks made by him and his top aides who say the US does not have the ability to return Abrego Garcia because he is in the custody of a foreign government, despite the Supreme Court's ruling that the Trump administration must 'facilitate' his return.
00:56 - Source: CNN
Republicans share views as Trump's poll numbers sink
CNN's Manu Raju asks Republican lawmakers about their thoughts on President Donald Trump's policies amid his sinking poll numbers.
02:05 - Source: CNN
Trump details call with Jeff Bezos over tariff charges
US President Donald Trump told reporters about his call with Amazon co-founder Jeff Bezos saying he was 'a good guy,' following a spat earlier in the day between the White House and e-commerce giant. Two senior White House officials told CNN that Trump called Bezos to complain about reports that the company was considering displaying the cost of US tariffs on its website, a move that White House press secretary Karoline Leavitt called a 'hostile political act.' Amazon spokesperson Tim Doyle said in a statement, 'The team that runs our ultra-low cost Amazon Haul store considered the idea of listing import charges on certain products. This was never approved and is not going to happen.'
00:13 - Source: CNN
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4 Social Security changes Washington could make to prevent benefit cuts
4 Social Security changes Washington could make to prevent benefit cuts Show Caption Hide Caption Biden criticizes Trump administration's handling of Social Security Social Security overhaul sparks criticism from Biden over service disruptions, layoffs and automation as Trump defends changes as efficiency. Straight Arrow News Social Security is an important source of income for millions of Americans, but the program has a serious financial problem. Costs have increased faster than revenues in recent years because the aging population is growing more quickly than the working population. As a result, the trust fund, the financial account that pays benefits, is on track to be depleted within a decade. Specifically, the Congressional Budget Office estimates the trust fund will be exhausted in 2034. That would eliminate one source of revenue (i.e., interest earned on trust fund reserves), and the remaining tax revenues would only cover 77% of scheduled payments. That means a 23% benefit cut would be necessary in 2035. Fortunately, the lawmakers in Washington have several years to find a better solution. Here are four Social Security changes that could prevent deep, across-the-board benefit cuts. 1. Apply the Social Security payroll tax to income above $400,000 Social Security is primarily funded by a dedicated payroll tax, which takes 6.2% of wages from workers and employers. But some income is exempt from the payroll tax. Specifically, the maximum taxable earnings limit is $176,100 in 2025. Income above that threshold is not taxed by Social Security. Importantly, the Social Security program is projected to run a $23 trillion deficit over the next 75 years as it's strained by shifting demographics. But the deficit could be slashed by applying the payroll tax to more income. For instance, including income above $400,000 would eliminate 60% of the 75-year funding shortfall, says the University of Maryland. 2. Gradually increase the Social Security payroll tax rate to 6.5% over six years Under current law, the Social Security payroll tax rate is 6.2% for workers and their employers. But gradually raising that figure would eliminate a portion of the long-term deficit. For example, increasing thetax rate by 0.05% annually over a six-year period would eliminate 15% of the 75-year funding shortfall, according to the University of Maryland. Now that I've discussed two possible changes, let's step back and look at the big picture. There are basically three ways to resolve Social Security's financial problems: (1) increase revenue, (2) reduce costs or (3) some combination of the first two options. The changes discussed so far would increase revenue, but the next two changes would cut benefits. However, they are more subtle cuts than the 23% across-the-board reduction that would follow trust fund depletion. 3. Gradually increase full retirement age to 68 by 2033 Workers are eligible for retirement benefits at age 62, but they are not entitled to their full benefit — also called the primary insurance amount (PIA) — until full retirement age (FRA). Anyone that claims before full retirement age receives a smaller payout, meaning they get less than 100% of their PIA. FRA is currently defined as 67 years old for workers born in 1960 or later, but raising the figure would reduce the long-term deficit. For instance, increasing FRA to 68 years old by 2033, meaning it would apply to workers born in 1965 or later, would eliminate 15% of the 75-year funding shortfall, according to the University of Maryland. 4. Reduce benefits for retired workers with income in the top 20% Social Security benefits are determined as percentages of two bend points. Specifically, income from the 35 highest-paid years of work is adjusted for inflation and converted to a monthly figure called the average indexed monthly earnings (AIME) amount. The AIME is then run through a formula that uses two bend points to determine the PIA for each worker. Modifying the second (highest) bend point would eliminate a portion of the long-term deficit by reducing benefits for high earners. For instance, the University of Maryland estimates that reducing benefits for individuals with income in the top 20% could reduce the 75-year funding deficit by 11%. Here's the big picture: The four changes I've discussed would eliminate 101% of Social Security's $23 trillion funding shortfall, which would prevent across-the-board benefit cuts in 2035. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. The $23,760 Social Security bonus most retirees completely overlook Offer from the Motley Fool: If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets"could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. JoinStock Advisorto learn more about these strategies. View the "Social Security secrets" »
