Author: Newyorki

lawmakers are debating a major tax break for the private credit industry, a move that could cost the federal government $10.7 billion over the next decade while simultaneously cutting critical services for low-income Americans. The provision, part of President Donald Trump’s sweeping fiscal legislation known as the “big, beautiful bill,” aims to reduce taxes on dividends distributed by business development companies (BDCs) — investment vehicles commonly used in private credit markets. The bill has already passed the House of Representatives but is still under discussion in the Senate. According to sources familiar with the matter, intense lobbying efforts are underway…

In a whirlwind 48-hour sequence, former U.S. President Donald Trump shifted America’s posture toward Iran from military aggression and calls for regime change to a sudden ceasefire announcement. The dramatic turn of events reflects Trump’s volatile foreign policy approach and his preference for rapid, high-profile outcomes. From Bombs to Peace Declarations It began on Saturday with Trump ordering B-2 stealth bombers to target Iran’s nuclear facilities using bunker-buster munitions. The move effectively brought the United States into Israel’s ongoing conflict with Iran. By Sunday, Trump was publicly suggesting the possibility of regime change in Tehran — a signal welcomed by…

A provision in President Donald Trump’s proposed tax and spending package that would prevent U.S. states from enacting new artificial intelligence (AI) regulations has survived a key Senate review, drawing praise from major technology firms while raising alarm among lawmakers and advocacy groups. Senate Parliamentarian Elizabeth MacDonough ruled that the AI-related clause complies with the special budget reconciliation process, a procedural move that allows Republicans to push the bill forward without Democratic support or the threat of a filibuster. The provision threatens to withhold federal broadband infrastructure funding from states that enforce their own AI regulations. Critics argue that this…

The U.S. State Department has ordered the evacuation of non-essential diplomatic staff from American embassies in Iraq and Lebanon, citing rising regional instability and concerns over potential threats. The directive follows increased military activity in the Middle East, particularly involving Israel, Iran, and recent U.S. airstrikes. Officials described the move as a precautionary step to protect personnel amid a volatile security environment. “This measure is being taken out of an abundance of caution due to the evolving threat landscape,” a senior State Department official said on Sunday. “We are actively monitoring the situation and are prepared to adjust our posture…

A punishing heat wave has settled over New York City, with forecasters warning that temperatures could reach a blistering 102°F (39°C) in the coming days. The intense heat, coupled with high humidity, is creating dangerous conditions, with experts comparing the experience to “walking through a swimming pool.” The National Weather Service has issued heat advisories and excessive heat warnings across the region, urging residents to take the situation seriously. Vulnerable groups—including seniors, children, and those with medical conditions—are at the highest risk. “This is more than just typical summer heat,” said Dr. Lisa Thornton, a city public health official. “It…

Severe summer storms sweeping across much of the United States have caused significant disruptions in air travel, leading to numerous flight delays and cancellations at some of the nation’s busiest airports, including LaGuardia in New York, Chicago O’Hare, and Hartsfield-Jackson Atlanta International. The intense weather system, characterized by heavy rain, high winds, and dangerous lightning, forced air traffic controllers to restrict operations and, in some cases, temporarily halt departures to ensure passenger safety. The resulting delays have left terminals overcrowded and passengers facing long wait times and rescheduled itineraries. According to the Federal Aviation Administration (FAA), hundreds of flights were…

A security guard at a suburban Detroit church acted swiftly to stop a shooting on Sunday, fatally shooting a gunman who opened fire during a worship service. The incident left one person injured and sparked a broader conversation about safety in houses of worship. The shooting occurred at Greater Faith Ministries Church in Warren, Michigan, located just north of Detroit. Authorities say a man armed with a firearm entered the church during a service and began shooting, striking at least one person. Panic ensued as congregants rushed for cover. Within seconds, a security guard on duty at the church intervened…

President Donald Trump delivered a national address on June 21 following the announcement of U.S. airstrikes targeting three Iranian nuclear facilities, including the highly fortified Fordow site. The airstrikes mark a significant escalation in the ongoing conflict between Iran and Israel, which began over a week ago when Israeli forces initiated a series of attacks aimed at crippling Iran’s nuclear capabilities. In his remarks, President Trump confirmed that American warplanes had successfully executed “a very successful attack” and emphasized that all aircraft involved had safely returned. Trump had teased the operation earlier on Truth Social, stating that three strategic nuclear…

Tensions within the Republican Party escalated this weekend after President Donald Trump publicly rebuked Kentucky Congressman Thomas Massie over his opposition to U.S. airstrikes on Iranian nuclear facilities. Trump, speaking through Truth Social, went so far as to threaten political retaliation, stating he would support a primary challenger against Massie in the upcoming GOP race. The rift stems from Massie’s vocal disapproval of the U.S. airstrikes launched on June 21, which targeted three key Iranian nuclear sites — Fordo, Natanz, and Esfahan — using advanced B-2 bombers equipped with Massive Ordnance Penetrators. Massie labeled the strikes “not Constitutional” on social…

The United States has officially entered the ongoing conflict between Israel and Iran, with President Donald Trump announcing that U.S. warplanes bombed three Iranian nuclear sites in a precision strike late Saturday night. The operation marks a significant escalation in the regional conflict and a clear message from Washington about Iran’s nuclear ambitions. The mission, dubbed “Operation Midnight Hammer,” involved seven B-2 Spirit stealth bombers and the use of 14 Massive Ordnance Penetrators (MOPs) — also known as “bunker buster” bombs. The strikes targeted Fordo, an underground enrichment facility located approximately 300 feet beneath the surface, along with two other…