US Debt Limit Nail-Biter Looms as Senate Ponders Trump Tax Bill
Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump's sprawling, multi-trillion-dollar tax and spending package.
Republican congressional leaders attached an increase in the US legal debt limit to the president's signature economic legislation. That gambit adds urgency to the enactment of a top-priority bill, but could put averting a default at the mercy of the complex legislative obstacle course that lies ahead.
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Yahoo
34 minutes ago
- Yahoo
Elections to lead new Weber County city draw 37 mayoral, city council hopefuls
EDEN, Weber County — As the new city materializing in the Ogden Valley takes shape, there's no lack of interest in leading the locale. The filing period to run for mayor or one of five city council seats that will serve the new city ended last Friday, and a total of 37 people have stepped forward to run for the six leadership posts. Four mayoral candidates have emerged: Janet Wampler, Kyle Reeder, Andrew Newton and Shanna Francis. 'It's an indication that this community is eager to get on with being its own municipality,' said Nick Dahlkamp, who helped with initial organizing efforts that led to last November's vote to create the city. 'This just again exemplifies how important people feel that they want to take control of their destiny and are eager to get on with it.' Apart from the four mayoral hopefuls, the District 1 and 5 City Council races have drawn five candidates each, the District 2 contest has seven candidates and the District 3 and 4 races have eight hopefuls each. Dahlkamp said the numbers exceeded his expectations. The Ogden Valley city, to be officially named by the slate of leaders who win, covers an expansive area around Pineview Reservoir on the eastern side of the Wasatch Mountains, east of Weber County's population cluster around Ogden. It's a picturesque zone, home to three ski resorts, and boosters of incorporation touted becoming a city as a means of maintaining local control as growth pressures mount. An estimated 7,600 people live within the planned city's boundaries. The long list of candidates will be whittled to two in each contest in primary voting, which culminates on Aug. 12. The winners will be selected in general election balloting, which ends on Nov. 4. Those victors will be sworn in on Jan. 5 next year, when the city formally comes into being, according to Ogden Valley Inc., the organization that promoted incorporation. While campaigning has yet to begin in earnest, the filing paperwork offers some information about the candidates. In the mayoral race, Wampler's filing says she serves as chairwoman of the Ogden Valley Planning Commission, which serves as an advisory body to Weber County commissioners on planning issues in the Ogden Valley. The Weber County Commission is the ruling body that now governs the unincorporated area, pending installation of the newly elected leaders next January. She also serves the Community Foundation of Ogden Valley, a nonprofit group that raises funds for other nonprofits serving the area. Reeder is an attorney 'specializing in business transactions and commercial litigation,' reads his filing. Newton is owner of two small businesses, Composet Products and Proformance Services, and served in a volunteer post with the Pineview West Water Co., a provider of secondary water, according to the Utah Division of Water Rights. Francis is the owner and operator of the Ogden Valley News, a newspaper serving the Ogden Valley. She was also one of the six original sponsors who pursued incorporation of the Ogden Valley. Separately, incorporation proponents have been working with the public to plan for the transition to incorporation. Some 180 people have stepped forward to assist with things like budget preparation, creating an organizational structure for the city and crafting of zoning ordinances and other codes, according to Kay Hoogland, who's helping with transitional efforts and also running for a city council seat. She called the volunteers 'the advance team' for the eventual winners in elections and said the many candidates will be invited to take part in the efforts. While the Ogden Valley locale will be the newest Utah city, a new town is taking shape in Utah County, Spring Lake, which sits between Payson and Santaquin and is home to around 600 people. Residents there last year also voted to become a new locale and will pick leaders in this year's election cycle. Wade Menlove is the sole mayoral candidate, according to Utah County election officials. Seven hopefuls are running for two four-year town council posts, and seven are running for two two-year town council seats.
Yahoo
34 minutes ago
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Taxing Michigan's rich to pay for schools part of potential ballot proposal
The Brief A coalition of Michigan education groups wants to raise taxes on the state's richest residents to pay for the state's schools. The Invest in Mi Kids petition must first collect 600,000 signatures to get before voters, but only if approved by the state's canvassing board. It would likely go before voters in the 2026 Midterms. LANSING, Mich. (FOX 2) - Tax the rich to pay for schools? That's the idea behind a potential ballot proposal Michigan voters could vote on in the upcoming midterm election. But an expensive fight lies in the way if it ever reaches that point. Big picture view A coalition of state education advocates want to get a ballot proposal before voters that would ask them to raise taxes on rich people in Michigan to help fund the state's public education system. The "Invest in MI Kids" proposal would look to raise taxes on earners in the highest tax brackets. The groups behind the petition hope to funnel $1.7 billion into Michigan's public schools. The language for the proposal needs approval from the State Board of Canvassers before it can start collecting signatures. It will require more than 600,000 residents signing onto the petition before it can be considered by voters. If the effort clears the necessary bars, it will go on the 2026 midterm ballot - the same election where voters will pick a new governor, secretary of state, and attorney general. Local perspective Rachelle Crow-Hercer, one of the people behind the petition, expects an expensive fight if the proposal is sent to voters. Polsters who evaluate public opinion in Michigan agree. And while proponents may be able to make a better argument, that just means more money from opponents to keep it from passing, says Steve Mitchell. "Democrats do very well with the class warfare type-issue like this," he said. "The rich would spend a lot of money to protect the rich." In asking why the public would support higher taxes for some people, Bernie Porn says it's about people paying their part. "(It's) because they think they've been getting off without paying their fair share," the pollster said. The Source Interviews with pollsters and representatives of the group behind the "Invest in Mi Kids" petition.
New York Times
34 minutes ago
- New York Times
Watch Messi for cheap at Club World Cup? FIFA offering discounted tickets to some students
FIFA's latest attempts to fill Hard Rock Stadium for the Club World Cup opening match between Inter Miami and Egyptian team Al-Ahly involve offering students at an affiliated local college a single ticket for $20 — but with the promise of up to four complimentary tickets. The Athletic last week revealed the launch game, which takes place on Saturday night, still had tens of thousands of tickets unsold for a match likely to star Lionel Messi for MLS side Inter Miami. Hard Rock Stadium has a capacity of 65,326. FIFA denied that fewer than 20,000 tickets had been sold for the match — insisting the number was 'much higher' — but they did not specify the number. Advertisement Now, however, email promotions have been sent out to those connected to Miami Dade College, which announced a collaboration with FIFA in April 2024. This involves students being given the chance to intern at FIFA's Miami office, while FIFA's museum loans exhibits to the college. Miami Dade College has more than 100,000 students currently enrolled, according to the announcement made by FIFA of the partnership one year ago. An email promotion sent out says that FIFA, in collaboration with Miami Dade College, is 'providing up to four complimentary tickets to the opening match of the FIFA Club World Cup with the purchase of one ticket at the reduced student price of $20.' Those who respond are asked to submit their Miami Dade College email when using their purchase. If they secure the five tickets, then they are essentially able to watch Messi for just $4 a seat, which is a bargain for the local community but a long way away from FIFA's original expectations when pitching this tournament as the most coveted trophy in world club football. As reported previously by The Athletic, FIFA has sold general sale tickets for the revamped 32-team Club World Cup under a dynamic pricing model, a system whereby prices fluctuate based on demand, and the slumping prices for certain games are indicative of FIFA's struggles to sell out stadiums. As of last Tuesday, Inter Miami's game against Al-Ahly had dropped to $55, according to prices on Ticketmaster, the portal FIFA is using to sell tickets for the tournament. This was half of what they were available for in May, while tickets were $230 for the cheapest seat in January and $349 after the draw in December. FIFA is now hoping that the reduced prices will draw people in during a publicity blitz in the final week before the tournament. Despite the $20 offer for the affiliated college, the cheapest seat available on Ticketmaster tonight was $69.15 for an 'obstructed view.' It is not known how many tickets have now been sold for the game, but it is clear that FIFA is now taking every possible step to avoid any perception on Saturday night that the tournament is not in demand. Advertisement FIFA sources, speaking anonymously as they were not authorized to talk publicly on the matter, said that the organization has a strong relationship with the college and see it as a positive to extend the offer to their students to see world-class soccer on their doorstep.
