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The Independent
8 minutes ago
- The Independent
House Ethics Committee orders AOC to pay nearly $3,000 for Met Gala dress
The House Ethics Committee has directed US Representative Alexandria Ocasio-Cortez to make additional payments concerning her 2021 Met Gala appearance. The committee's investigation revealed she did not fully adhere to Gift Rule regulations, having accepted free admission for her partner and underpaid for certain outfit items. Although Ocasio-Cortez had paid nearly $1,000 for her ′Tax the Rich′ gown and accessories, the panel assessed their fair market value at over $3,700. She has been advised to pay an extra $2,733.28 and contribute $250 to the Met's Costume Institute for her partner's meal. The committee found no evidence of intentional underpayment by Ocasio-Cortez, and her chief of staff confirmed she accepts the ruling and will settle the remaining amounts.
Reuters
9 minutes ago
- Reuters
Reports: Bengals, rookie DE Shemar Stewart reach contract agreement
July 25 - The Cincinnati Bengals and rookie defensive end Shemar Stewart agreed to a four-year, fully guaranteed $18.97 million contract Friday, per multiple reports. Stewart, drafted 17th overall out of Texas A&M, was the final first-round selection that remained unsigned. Most first-round picks signed their rookie contracts in May or June, but Stewart and the Bengals faced an impasse stemming from contract language that could void his future guaranteed money. Per Pro Football Talk, the 21-year-old accepted the language in exchange for a $500,000 increase to his signing bonus, which now sits at $10.4 million. The signing ends a saga that included rumors of Stewart returning to college and a holdout that Bengals president Mike Brown deemed "foolishness." Cleveland Browns second-round running back Quinshon Judkins is now the only rookie yet to sign his rookie contract. Stewart enters his first year with high expectations, given the productivity of the Bengals' offense and how disappointing their defense was last season. Cincinnati averaged 27.8 points per game, sixth-most in the league, but allowed 25.5 points per contest, eighth-worst. They won their last five games but finished 9-8 and fell short of the playoffs. Furthermore, one of their defense's key pieces remains unsigned. Cincinnati's contract negotiations with fellow defensive end Trey Hendrickson, the league-leader in sacks last year at 17.5, are at a standstill. The Bengals already invested heavily in wide receivers Ja'Marr Chase and Tee Higgins this offseason, tightening their remaining cap space. --Field Level Media
The Guardian
9 minutes ago
- The Guardian
Feeling flush? Americans can Venmo government to help pay off US debt
John F Kennedy's sage words from his inaugural address are forever seared into America's political consciousness: 'Ask not what your country can do for you – ask what you can do for your country.' Six decades and some change later, the United States Treasury is keeping Kennedy's spirit alive by offering Americans with a few dollars collecting dust in their Venmo balance a chance to fulfill a new patriotic duty: helping pay off the national debt. The US treasury department has long had a 'Gifts to Reduce the Public Debt' page available for those that dislike traditional charity, feel like they don't pay enough in taxes, or simply want to help the country stay No 1 in an eclectic list of superlatives that includes military spending, Olympic gold medals, prison population, corn subsidies, and healthcare costs. But the new-age, Gen Z-friendly method of payment is a recent addition, first flagged on Twitter by Planet Money's Jack Corbett. A bipartisan punching bag that trades sides of the aisle depending on who's in office and who needs funds earmarked for projects in their state, concern over the national debt is one of few issues that Democrats and Republicans can unite on. Also bipartisan is the debt's growth, which has increased every year since 2001, when it sat at $10.28tn. As of this writing, the debt has ballooned to $36.72tn. America is on track to continue the trend, with the Congressional Budget Office estimating that Trump's Big Beautiful Bill will add $3.4tn to the debt over the coming decade. It is unclear how much money Trump and Elon Musk's 'Doge' saved, although analysis estimates the number at under the advertised $180bn, and a far cry short of the initially advertised $2tn. The federal government spent $6.75tn in Fiscal Year 2024 while collecting $4.92tn in revenue. Highlights of past and present government spending include the $151bn procurement process for the Trump administration's Golden Dome missile defense project, over $2tn on Lockheed Martin's long delayed F-35 fighter jet, and roughly $800bn in annual spending on the Pentagon, which recently failed its seventh audit in a row. Kind-hearted Americans have gone above and beyond their regular tax-paying duties contributing around $67.3m since 1996. That's enough to fund 20 minutes of the US government's spending habit. If Americans could dig into their couch cushions, eat less takeout, and tighten their belts, they might be able to tackle the problem once and for all. It would only take about $107,000 per person, payable via ACH, Paypal, credit or debit card, and now, Venmo.
