Vance wants to raise the child tax credit to $5,000

Vance wants to raise the child tax credit to ,000

The Republican vice presidential candidate, Sen. JD Vance, speaks at a campaign rally at NMC-Wollard Inc. / Wollard International in Eau Claire, Wisconsin, Aug. 7, 2024. Adam Bettcher | Getty Images Sen. JD Vance of Ohio, former President Donald Trump’s GOP running mate, wants to more than double the child tax credit. But the increase could be … Read more

U.S. stocks little changed ahead of Big Tech earnings

U.S. stocks little changed ahead of Big Tech earnings

Traders work on the floor of the New York Stock Exchange (NYSE) on Oct. 30, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more

Older voters have new choice after Biden drops reelection bid

Older voters have new choice after Biden drops reelection bid

U.S. President Joe Biden and U.S. Vice President Kamala Harris walk to the East room to welcome the 2023 WNBA champion Las Vegas Aces during a celebration at the White House in Washington, U.S., May 9, 2024.  Craig Hudson | Reuters Last Wednesday, a group of “Boomers for Biden-Harris” threw a virtual party that was … Read more

Wall Street looks past political uncertainty

Wall Street looks past political uncertainty

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more

‘I’m not supposed to be here tonight’

‘I’m not supposed to be here tonight’

Former President Donald Trump recounted the assassination attempt that nearly killed him during his Republican National Convention acceptance speech in Milwaukee on Thursday night. “I’m not supposed to be here tonight,” said a somber Trump, with a bandage covering his right ear, which was nicked by a bullet. “As you already know, the assassin’s bullet came within … Read more

Spotlight on Harris while Biden faces pressure to drop out

Spotlight on Harris while Biden faces pressure to drop out

U.S. Vice President Kamala Harris campaigns at Westover High School in Fayetteville, North Carolina, U.S., July 18, 2024.  Kevin Mohatt | Reuters Vice President Kamala Harris touted the nation’s domestic manufacturing resurgence under President Joe Biden on Thursday at a campaign stop in North Carolina, where the intense media interest reflected her status as the … Read more

What 2024 VP picks could mean for Social Security

What 2024 VP picks could mean for Social Security

Trump’s pick for Vice President, U.S. Sen. J.D. Vance (R-OH) arrives on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin.  Joe Raedle | Getty Images The clock is ticking to fix Social Security’s funds. The next White House administration may have a powerful role … Read more

Chance of Biden dropping out of presidental race is 40%, Stifel says

Chance of Biden dropping out of presidental race is 40%, Stifel says

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more

As Social Security faces fund depletion, plans for reform commission spur debate

As Social Security faces fund depletion, plans for reform commission spur debate

zimmytws | iStock | Getty Images A protester interrupted a January congressional committee hearing to consider a bill that would create a bipartisan commission to address Social Security. “A vote for a commission is a vote to cut Social Security,” the man shouted before he was escorted off the floor. While there was a protest … Read more

He was ‘meandering,’ ‘doesn’t know what he’s talking about’

He was ‘meandering,’ ‘doesn’t know what he’s talking about’

WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not … Read more