Kamala Harris to propose $50,000 tax break for small businesses
CBSN
Vice President Kamala Harris, the Democratic presidential nominee, is set to propose policies she hopes will help spur small business creation across the U.S., according to a campaign official.
For one, she wants to expand the small business tax credit tenfold — from $5,000 to $50,000 — to help startups cover the average $40,000 it costs to launch an enterprise. She's also setting a goal of receiving 25 million new small business applications in her first term, up from the record 19 million that were filed under the Biden-Harris administration.
Details of the plan to benefit small business are expected to be unveiled in a speech by Harris in New Hampshire Wednesday.
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Health and Human Services Secretary Robert F. Kennedy Jr. has eliminated the Centers for Disease Control and Prevention's laboratories for sexually transmitted diseases and hepatitis, multiple officials tell CBS News, disrupting ongoing work to respond to outbreaks.
At least three senior staffers at the National Security Council have been fired, with more firings expected, two U.S. officials with knowledge tell CBS News.
Hailey Okula, a nurse influencer, has died after giving birth to her first child, a son named Crew, her husband said. They had dealt with infertility for almost two years.
Trump's tariffs target Heard Island and McDonald Islands, Australian territory inhabited by penguins
With his announcement of widespread new tariffs on Wednesday, President Trump spared very few places on the globe from his effort to upend global trade — even the remote Heard Island and McDonald Islands, a sub-Antarctic Australian territory inhabited by penguins, but no people.
Billionaire Elon Musk will continue to be a "friend and an adviser" to President Trump after he formally leaves government, Vice President JD Vance said Thursday on Fox News.
Researchers are predicting an above-average Atlantic hurricane season in 2025, likely producing stronger and more frequent storms than a typical year but at the same time with less intensity expected than last season. The annual prediction is closely watched in Florida and other coastal states at risk when hurricane season officially starts June 1.
Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs, with U.S. stock futures pointing to a sharp drop when Wall Street opens for business.
Violent storms cut through a wide swath of the South and Midwest, spawning tornadoes and killing at least two people, knocking down power lines and trees and ripping roofs off homes.
The U.S. State Department revoked the visas of members of a Mexican band after they projected the face of a drug cartel boss onto a large screen during a performance in the western state of Jalisco over the weekend.
The mayor of one of North Dakota's largest cities resigned after an investigation into him mistakenly sending a lewd video to the city attorney.
A federal judge in Boston is holding a hearing Thursday regarding a Tufts University Ph.D. student taken into custody in Massachusetts and moved by Immigration and Customs Enforcement authorities to Louisiana last week.
For years, White House press conferences included sign language interpreters for the deaf.
In a move that could upend American foreign relations across the globe, President Trump announced Wednesday that he is instituting what he described as "reciprocal tariffs" on all U.S. trading partners.