Trump tax bill clears procedural vote in US HouseNew Foto - Trump tax bill clears procedural vote in US House

WASHINGTON (Reuters) -U.S. President Donald Trump's sweeping tax and spending bill cleared a crucial hurdle on Thursday, as the House of Representatives voted roughly along party lines to begin a debate that would lead to a vote on passage later in the morning. (Reporting by David Morgan; Editing by Aidan Lewis)

Trump tax bill clears procedural vote in US House

Trump tax bill clears procedural vote in US House WASHINGTON (Reuters) -U.S. President Donald Trump's sweeping tax and spending bill cle...
Republican-led House passes Trump agenda bill by a single voteNew Foto - Republican-led House passes Trump agenda bill by a single vote

After days of internal GOP wrangling, the Republican-led House early Thursday passed the "One Big Beautiful Bill Act," the measure to advance President Donald Trump's tax and immigration agenda. Speaker Mike Johnson announced it passed by a single vote 215-214 -- and was greeted with cheers. He had struggled to get it done -- as he had promised -- by Memorial Day and lawmakers go on recess. The sweeping package of tax cuts, Medicaid reform and immigration spending delivers on many of the president's domestic campaign promises. Following debate that stretched Wednesday through the entire night and into the early morning, the vote furnished another triumphant moment for Johnson, who conquered sharp divisions among his conference "through a lot of prayer" amid a historically low 3-vote majority. "The bill gets Americans back to winning again, and it's been a long time coming," Johnson proclaimed during his speech on the floor moments before the vote. "It quite literally is again morning in America, isn't it, all right?" After a marathon hearing that ended overnight, the House Rules committee voted 8-4 to tee up action on the House floor. The committee vote came after changes to several of the bill's provisions, including a change to when Medicaid work requirements would kick in. Texas Republican Rep. Chip Roy, one of the GOP holdouts that had put the bill's fate in question, was absent for the committee's votes. The key procedural step was needed before advancing the legislation to a final vote. The slow march toward passage comes afterTrump met with House Speaker Mike Johnson and members of the House Freedom Caucuson Wednesday, aiming to shore up support for the bill. That meeting came after earlier negotiations with hard-liners fell apart Tuesday. The GOP is far from unified around the bill, which they earlier had said they hoped to move to a vote on Wednesday. Several sticking points, primarily regarding Medicaid work requirements and a cap on state and local tax deductions, still need to be worked out. After the meeting, White House press secretary Karoline Leavitt said, "The meeting was productive and moved the ball in the right direction. The President reiterated how critical it is for the country to pass the One Big Beautiful Bill as quickly as possible." Clearing the House is just the first hurdle for the bill -- it will also have to pass muster with a Senate Republican conference that is already telegraphing that they plan to make changes. MORE: What's in Trump's 'big' tax and immigration bill House Republicans are struggling to pass Here are the major changes to the bill in the 42-page amendment: Medicaid: The start date for new Medicaid work requirements will now kick in "no later than December 31, 2026." The original bill had the work requirements starting in 2029. This alteration is a win for hardliners who have for days been pushing for steeper spending cuts to be included in the package. Medicaid work requirements are expected to reduce spending in the bill. There is also a new incentive for states to not expand Medicaid. Medicaid expansion states are increasing state-directed payments up to 110% to maintain the structure. State and Local Tax Deductions: SALT deduction rises to $40,000 for incomes under $500,000. This is a substantive change from the $10,000 cap that was implemented by Republicans in the 2017 Tax Cuts and Jobs Act. This is a concession geared toward satiating blue-state Republicans in states like New York and California. Many of them conditioned their support for the package on lifting or raising the cap on these deductions. Moderates will brand this as a big win. MORE: Trump meets with GOP holdouts as negotiations over agenda bill falter Maga Savings Account: The amendment changes the names of these accounts. Instead of MAGA Accounts, they will now be called "Trump" Accounts. The president's last name appears in the manager's amendment +50 times. Expedited cuts to clean energy credits: Some of Biden-era clean energy tax credits will phase out sooner, allowing Republicans to recoup costs to apply toward the overall cost of the bill. To receive credits, new projects must break ground within 60 days or be "placed in service" by the end of 2028. Billions in border security reimbursements: The Department of Homeland Security appropriates $12 billion to states for costs associated with Biden-era border actions through September 30, 2029. The DHS Secretary can authorize grants to assist with immigration enforcement. Ends tax on silencers: The manager's amendment delists silencers from the National Firearms Act, effectively ending a tax on transferring silencers. Republican-led House passes Trump agenda bill by a single voteoriginally appeared onabcnews.go.com

Republican-led House passes Trump agenda bill by a single vote

Republican-led House passes Trump agenda bill by a single vote After days of internal GOP wrangling, the Republican-led House early Thursday...
At 22, Nationals' James Wood already outpacing giants of MLB: 'Never stop growing'New Foto - At 22, Nationals' James Wood already outpacing giants of MLB: 'Never stop growing'

WASHINGTON –James Woodcould already stand eye-to-eye with the biggest, baddest dudes in Major League Baseball. Now, he's developing a body of work to match them on the stat sheet. At 6 feet, 7 inches, Wood is shoulder to shoulder withAaron Judgeand Pittsburgh Pirates sluggerOneil Cruz. He could probably post up the great Shohei Ohtani – a mere 6-foot-3 – if this group of sluggers ever got together, say, for a pickup basketball game. No, size isn't the be-all in baseball. Long levers and big swings can produce big problems: Challenges making contact, lengthy swings that can't beat the ball to the spot, too many strikeouts that can short-circuit a lineup. But as he approaches hisone-year anniversaryat the game's highest level, Wood, 22, is developing a mastery of his swing, his plate approach and, increasingly, his outcomes. MLB POWER RANKINGS:Red Sox get pummeled as Devers powers up BRAVES:Atlanta gets reinforcements after riding out 0-7 start Wood's 50 hardest-hit balls have averaged 106.4 mph off the bat, trailing only those other three big dudes, with Pittsburgh's Cruz leading at 108.2 mph. The scorched balls have led to elite production: His 12 homers are fifth in the National League and his .918 OPS ranks 10th. His .285/.380/.538 slash line suggests an offensive profile far healthier than your typical slugger, with his strikeout and walk rates trending in the right direction. All coming from a 234-pound frame that likely hasn't reached full physical maturation. "Baseball's an interesting sport," Wood tells USA TODAY Sports. "You got guys my height. And you got guys almost a foot shorter than me doing their thing in the big leagues. "I think everything is super individual and you have to find things that work for you." Wood found those things much sooner than than his hard-hitting predecessors. Judge, likely on his way to a third American League MVP honor, did not make his major league debut until he was 24, and wasn't a full-timer until 25; Ohtani was 23 before making the transition from Japan to two-way superstardom in the USA. Cruz was 25 when he put together an injury-free and productive 2024 season, though his 21 homers were accompanied by 181 strikeouts. Wood's rapid assimilation more closely mirrors Giancarlo Stanton, the currently injured Yankee who owns six of the 10 hardest-hit home runs in the Statcast era; he hit 22 home runs in 100 games as a 20-year-old in 2010, and 34 a year later. He's a long way from Stanton's 429 home runs. Yet it's impossible to deny that Wood is just getting started. Wood might be baseball's greatest juxtaposition – a swing so violent, producing the game's loudest noises off the bat, coming from one of the chillest dudes you'd ever hope to meet. He strolls the field and clubhouse alike with an effortless nonchalance that belies his determination to be a total player, and not just a slugger. "The thing I love most about him is the separation between hitting, fielding and baserunning," says Nationals manager Dave Martinez. "He understands who he is. He understands what he needs to do. And all he wants to do is help us win. "He talks a lot about being one of 26 guys, being part of his team. Which for a 22-year-old is pretty impressive." Wood had a nice half-season debut last year after his highly-anticipated arrival as the most tantalizing piece in the 2022 Juan Soto blockbuster deal. He hit nine home runs in 79 games, posted a 121 adjusted OPS and got on base at a .354 clip. He has since improved on several rate stats, his strikeouts down from 28.9% to 26.4%, while his walks are up a bit from 11.6 to 13%. What Martinez finds most encouraging is the drop in his pull percentage – down 8 points to 20.8%. Martinez knows the pull side power is there for Wood, and that an all-fields slugger will be a nightmare for opposing pitchers. "I don't want him to pull the ball," says Martinez. "I've often talked the first time I saw Juan Soto, he didn't pull the ball. He hit everything up the middle, left center. He learned how to pull the ball. "I think that's gonna happen with James. I want him to continue doing what he's doing." Martinez says he's tempted to initiate conversations and provide counsel to Wood, but "I refrain, because I don't want to put too much in his head. I just want him to go out and play the game and assess things as we go." And perhaps that's the most striking thing about Wood within the Nationals orbit – the low maintenance despite the long limbs and moving parts. "The taller you get, the harder it is to be coordinated playing this game. And he does an awesome job on both sides of the ball," says Josh Bell, the Nationals' 6-foot-3, 260-pound DH and first baseman. "I think he uses his levers perfectly. He's not trying to pull the ball. He's trying to use all fields. "And that's very dangerous, so it's fun to watch." For Wood, the major leagues continues to be a journey of discovery, an element he feels will never go away. Wood grew up in Olney, Maryland, about an hour from Nationals Park, and eventually played two seasons at Florida's IMG Academy before the Padres drafted him in the second round in 2021. His mother, Paula, is part of a Black Baseball Moms Facebook group, which helps connect Black players and families throughout the game. Father Kenny is a member of the University of Richmond's hall of fame for his basketball exploits. Wood's locker stall is next to second baseman Luis Garcia Jr., who was born in New York but raised in the Dominican Republic. Wood has learned a lot from their frequent chats, and appreciates the endless paths his teammates have taken to the big leagues. "It's important to just be yourself, really," he says. "Lucky to be in a locker room full of a bunch of different personalities. Guys from all over the country, different countries, different continents. "It's just a cool dynamic and I think that's what makes things interesting: Everyone being their own person creates a cool dynamic." The core the Nationals are developing is pretty cool, too. ShortstopCJ Abrams, who came over with Wood in the Soto trade, is already an All-Star, and another part of that deal, lefty MacKenzie Gore, might earn that nod this year, too. While outfielder Dylan Crews, 23 and the second overall pick in 2023, has struggled at the plate in his first full season, he's shown the flashes of elite power, speed and defense that will make him a daunting outfield mate with Wood for years. Wood, Crews says, "is like a young kid but doesn't carry himself like that." Yet for as precocious as he is now, Wood doesn't place a ceiling on his growth – even if he's topped out at 6-foot-7, plenty big to impact the game like few others can. "It's like life," he says. "Someone told me that a few years ago: This game is the greatest teacher of life. Once you stop playing this game, your life goes on and you gotta keep learning, too. "You can never stop learning, never stop growing." This article originally appeared on USA TODAY:Nationals' James Wood, 6-foot-7, crushes amongst MLB's giant sluggers

At 22, Nationals' James Wood already outpacing giants of MLB: 'Never stop growing'

At 22, Nationals' James Wood already outpacing giants of MLB: 'Never stop growing' WASHINGTON –James Woodcould already stand eye...
Breaking down MLB's early disappointments: Orioles bomb and Juan Soto 'struggles'New Foto - Breaking down MLB's early disappointments: Orioles bomb and Juan Soto 'struggles'

Approaching Memorial Day, it's becoming increasingly less "early" in the 2025 Major League Baseball season. Three managers have already been fired, the Colorado Rockies are on pace for the worst in record in history and the kind of discourse normally reserved for New York sports talk radio broke containment, making Juan Soto's daily stats a topic of national conversation. MLB POWER RANKINGS:Red Sox pummeled as Devers powers up Here's a look at two of the biggest storylines from the first two months of the season, and whether the disappointment ManagerBrandon Hyde was fired, paying the price for the 2023 AL East champions' inexplicable winter inactivity, falling further out of the division race just about every single day, bottoming out at 15-32. The team's 5.45 ERA is the worst mark in the AL and the offense hasn't been much better, ranking near the bottom of baseball in OPS. Everybody is still (relatively) young, but after tailing off down the stretch in 2024, does this group need a shakeup? "You go back to last June, we were on top of the sport in almost every facet of the sport, including majors and minors," GM Mike Elias told reporters three days after Hyde was fired, his first time facing the media after the move. "Now we find ourselves where we find ourselves. This has been hitting us all very hard, but it's unusual for that to be so sudden." Charlie Morton, 41, is 0-7 with a 7.68 ERA in 41 innings and was demoted to the bullpen. Kyle Gibson was released after giving up 23 earned runs in four starts, good for a 16.78 ERA. "I think I've been pretty clear that our pitching staff, our starting pitching staff, has been a huge problem," Elias said. "I put that on myself and the front office in terms of roster construction." There's also concern over catcher Adley Rutschman, the All-Star and former No. 1 overall pick who is hitting .221 with a .646 OPS over his last 150 games dating back to last year. "The position player group, again, we haven't had perfect health, but this is a universally lauded group and (has) had a lot of success," Elias said. "There's underperformance happening there, and that's something we need to address via player development, via coaching." To be clear, Soto has played well. The $765 million man has an adjusted OPS that's 34% better than the league average and the Mets are battling for first place. "He's human," Mets manager Carlos Mendoza said. "He's gonna be fine. He's Juan Soto." But Soto is yet to really get going, currently with career-low marks in OBP (.374) and slugging (.429) through his first 49 games with the Mets. And his hustle – or lack thereof – has already beencalled into questionafter a pair of perceived lapses in recent days. Even with about 14 ⅔ seasons left on on Soto's deal, there's no reason for anybody to panic. The 26-year-old will find his footing in Queens and be every bit the hitter that earned himself the largest deal in sports history. An Soto's early-season struggles have personal precedent, with March/April historically the worst months of his career (.258 average, .848 OPS in 156 games). "When you sign that type of contract, there's going to be more eyes on you and he knows that and he embraces that," Mendoza said. This article originally appeared on USA TODAY:MLB's early disappointments include Juan Soto stats, pitiful Orioles

Breaking down MLB's early disappointments: Orioles bomb and Juan Soto 'struggles'

Breaking down MLB's early disappointments: Orioles bomb and Juan Soto 'struggles' Approaching Memorial Day, it's becoming in...
Japan downgrades view on global economy as US tariffs biteNew Foto - Japan downgrades view on global economy as US tariffs bite

By Leika Kihara TOKYO (Reuters) -Japan's government on Thursday downgraded its assessment on the global economy in the face of uncertainty over U.S. trade policy, signalling its alarm over the broadening fallout from President Donald Trump's tariffs. In its monthly economic report for May, the government also revised down its assessment for the U.S. economy for the first time in nearly three years to say its expansion was moderating. "A pick-up in the global economy is moderating with growth stalling in some regions amid uncertainty over U.S. trade policy," the report said. In April, the government said global economic growth was picking up. The government maintained its assessment on Japan's economy, saying it is "recovering moderately, while uncertainty exists over U.S. trade policy." While rising jobs and household income will underpin a moderate recovery in Japan's economy, downside risks from U.S. tariffs are increasing, the report said. "The effects of continued price rises on household sentiment and consumption are also downside risks to Japan's economy," it said, adding the fallout from market fluctuations also warranted attention. The International Monetary Fund slashed its global growth forecasts by 0.5 percentage point to 2.8% for 2025 in its World Economic Outlook report released on April 22, citing the impact of sweeping tariffs imposed by the Trump administration. While the United States and China agreed on a temporary truce in their trade war, uncertainty over Washington's trade policy has disrupted supply chains, weighed on global demand and prompted firms to put off investment plans. Japan's economy shrank an annualised 0.7% in the first quarter for its first contraction in a year and exports to the U.S. slumped in April, highlighting the toll U.S. tariffs is taking on its fragile recovery. (Reporting by Leika KiharaEditing by Shri Navaratnam)

Japan downgrades view on global economy as US tariffs bite

Japan downgrades view on global economy as US tariffs bite By Leika Kihara TOKYO (Reuters) -Japan's government on Thursday downgraded i...

 

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