Tag Archives: Cuts

U.S. agency prepares for massive staff cuts in blow to legal immigration system

U.S. agency prepares for massive staff cuts in blow to legal immigration systemThe U.S. agency in charge of processing immigration applications said on Wednesday it was preparing to furlough nearly 70% of its workforce unless it received fresh funding, a move employees say could bring an already backlogged system to a virtual halt. U.S. Citizenship and Immigration Services (USCIS) is dependent on fees from new immigration applications for its operations and is facing a historic budget shortfall. Republican President Donald Trump has made cutting legal and illegal immigration a centerpiece of his 2020 re-election campaign.



Yahoo News – Latest News & Headlines

Please follow and like us:

Global oil output cuts held hostage to standoff

Global oil output cuts held hostage to standoffOil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts. The United States has encouraged global cooperation to bolster an oil market that collapsed as the coronavirus pandemic accelerated in March and producers resorted to a price war after failing to agree on how to prop up prices. Oil prices tumbled on Thursday despite OPEC+ nearing agreement as the lockdowns ordered across the world sucked life out of the global economy, and traders reckoned that even a combined reduction of 15 million bpd would be too little to stabilise the market.



Yahoo News – Latest News & Headlines

Please follow and like us:

As markets plummet, Trump says White House to seek possible payroll tax cuts

As markets plummet, Trump says White House to seek possible payroll tax cutsPresident Trump on Monday evening said he will speak with Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Republicans about a possible payroll tax cut that would provide "very substantial relief" amid the COVID-19 coronavirus epidemic."We have a great economy, a very strong economy, but this has blindsided the world," Trump said. The coronavirus epidemic, as well as Saudi Arabia cutting oil export prices by nearly 10 percent, is worrying investors, and on Monday, U.S. stocks fell more than 7 percent in the Dow's worst day since 2008. Trump said he wants to meet with McConnell on Tuesday, and in addition to discussing a payroll tax cut, he will also bring up "hourly wage earners getting help so they can be in a position where they are not ever going to miss a paycheck."Trump said the COVID-19 epidemic is "not our country's fault, this is something we've been throw into," and the government is working with the airline, cruise, and travel industries as they will feel the effects of people staying home. "The main thing is we are taking care of the American public," he said.More stories from theweek.com Trump may lose the battle with the coronavirus — but nationalists will win the war The only way to protect the economy is to defeat the virus FDA halts 'most' foreign inspections amid coronavirus outbreak



Yahoo News – Latest News & Headlines

Please follow and like us: