Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
Raleigh is the only city in North Carolina to receive funding in the latest round of electric vehicle (EV) infrastructure grants from the Biden administration. The $635 million in grants, part of the $1.2 trillion Infrastructure Investment and Jobs Act of 2021, includes $2.4 million for the deployment of 56 EV charging ports across the city.
Rep. Rich McCormick (R-GA) stated on Newsmax’s Newsline that Russia could be defeated within a year if properly isolated and if Ukraine is sufficiently armed. McCormick expressed confidence in President-Elect Donald Trump’s ability to broker a resolution to the ongoing Russia-Ukraine conflict, despite reported resistance from the Kremlin to Trump’s proposed peace plan.
New York will fine fossil fuel companies $74 billion over the next 25 years for environmental damage. The bill creates a "Climate Superfund" that supports state projects bolstering its environmental agenda.
Apple is approaching a historic $4 trillion stock market valuation, driven by renewed investor confidence in its artificial intelligence advancements and expectations of a new wave of iPhone upgrades.
