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Epoch Times
3 hours ago
- Business
- Epoch Times
Officials, Business Leaders Discuss ‘Trump Accounts' at Invest America Roundtable
WASHINGTON—President Donald Trump held a high-profile business roundtable at the White House on Monday to highlight the 'Invest America Act.' The proposed legislation, introduced by Sen. Ted Cruz (R-Texas) would provide $1,000 in government-funded savings—dubbed 'Trump Accounts'—for every American child born between Jan. 1, 2025, and Dec. 31, 2029, with money reclaimed from welfare reforms that eliminate 'waste and fraud,' according to the president.
Fox News
6 hours ago
- Politics
- Fox News
Federal funds to Los Angeles, sanctuary cities blocking ICE on chopping block in new House GOP bill
FIRST ON FOX: A new House GOP bill would see sanctuary cities like Los Angeles lose their federal funds if they refuse to comply with federal immigration authorities. "I mean, we've had far too many instances where we have seen someone lose their lives at the hands of someone that's in this country illegally," Rep. Nick Langworthy, R-N.Y., told Fox News Digital. "These sanctuary cities have gone out of their way to ignore federal law for far too long. And it's time that we get serious and we put teeth to things." He's introducing the Stop Dangerous Sanctuary Cities Act on Tuesday, Fox News Digital is first learning, which has a Senate companion bill introduced by Sen. Ted Cruz, R-Texas. The bill would allow the executive branch to withhold federal funds from states, cities, or other localities that refuse to comply with Immigration and Customs Enforcement (ICE). On a more granular level, it would also empower state and local officers to work with federal authorities, even if the laws within their operating jurisdictions mandate otherwise. Langworthy said that provision is critical to officers in his Buffalo-anchored district. New York's Green Light Law, he explained, both allowed illegal immigrants to get driver's licenses and prevented sharing state DMV records with federal authorities. "That really got my attention when I met with ICE at the beginning of the year, and I met with Customs and Border Patrol agents in Buffalo during the Biden administration. They said that this is the largest impediment they have to do their jobs," Langworthy said. For a traffic stop, he said, "They think they know who's in the car, but they can't run the tags because they're New York tags, and they're taking their lives into their own hands on every single apprehension request." The push to defund sanctuary jurisdictions comes after a weekend of violence on the other side of the country, where rioters in Los Angeles clashed with federal authorities over ICE raids in the blue stronghold city. Democratic officials have criticized President Donald Trump for sending the National Guard in over the objections of Gov. Gavin Newsom, while Republicans have blasted those progressive leaders for doing little to help federal authorities amid the protests. Langworthy said he hoped the violence would stay in Los Angeles, and that political tensions would not make their way to liberal New York City. "I think the president setting the tone very early on, this will not be tolerated. We will federalize the National Guard and maintain law and order in the streets of our country," he said. "Hopefully that is heard loud and clear across the country by anyone that looks to bring unrest to our streets and disrupt civil society."
Bloomberg
7 hours ago
- Business
- Bloomberg
Fed Interest Payments Are Likely Here to Stay, JPMorgan Says
A proposal to eliminate the interest paid to banks that deposit cash at the Federal Reserve risks unleashing tremors across the industry, funding markets and US monetary policy, according to JPMorgan Chase & Co. strategists. Senator Ted Cruz suggested in an interview last week on CNBC that Congress could abolish paying interest on reserve balances to reduce government spending. Cruz said there had been 'a robust discussion' in the Senate about this possibility, but also added that he was uncertain of the actual likelihood of the change.
Bloomberg
9 hours ago
- Politics
- Bloomberg
Senators Call for Watchdog Probes of Midair Plane Collision Near DC
A bipartisan group of senators called on government watchdogs to examine the midair collision near DC in January, in part to determine whether shortfalls in managing the congested airspace contributed to the deadly accident. The senators, including Ted Cruz of Texas and Washington's Maria Cantwell — the top Republican and Democrat on the Senate Commerce Committee — requested in a letter Monday that the acting inspector general for the Transportation Department examine the US Federal Aviation Administration 's oversight of the airspace around Ronald Reagan Washington National Airport, where the collision occurred.
New York Times
9 hours ago
- Politics
- New York Times
Senators Demand Government Watchdog Inquiries Into D.C. Plane Crash
The Senate Committee on Commerce, Science and Transportation on Monday asked the inspectors general of the Army and Department of Transportation to conduct parallel audits of the agencies' aviation safety practices around Washington, D.C., in the wake of a deadly midair collision earlier this year. The bipartisan letter was led by Senators Ted Cruz, Republican of Texas and the panel's chairman, and Maria Cantwell of Washington, the committee's top Democrat, and signed by all of the panel's Democrats and most of its Republicans. In it, the senators emphasized that the Jan. 29 accident, in which an Army Blackhawk helicopter slammed into American Airlines Flight 5342, highlighted a dangerous and continuing pattern of near misses between military and commercial aircraft around Ronald Reagan National Airport. They called on the inspectors general to 'specifically address whether improved F.A.A. and Army procedures, communication systems or adherence to existing protocols would increase aviation safety' in the area, referring to the Federal Aviation Administration. The letter comes days before the committee is set to be briefed behind closed doors by representatives of the F.A.A., the Army and the National Transportation Safety Board about the crash and other recent close calls between commercial flights and military aircraft in areas around Reagan National Airport and the Pentagon. The briefing is scheduled for Wednesday, according to a congressional aide with knowledge of the plans who was not authorized to speak publicly. Securing these internal watchdog inquiries has been a top priority for Families of Flight 5342, a group formed by the relatives of the American Airlines passengers who were killed. In a statement, the group said that the senators' bipartisan request 'represents a critical first step toward rebuilding public trust after this tragedy.' Want all of The Times? Subscribe.
