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Chairman Jason Smith (R-MO) speaks during a House Committee on Ways and Means in the Longworth House Office Building on April 30, 2024 in Washington, D.C.Anna Moneymaker | Getty Images News | Getty ImagesHouse Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax and spending package.The House Ways and Means Committee, which oversees tax, released the full text of its portion of the bill on Monday afternoon. The SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income…

Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in.Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday.That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in…

Sheffield United broke the Championship record for the biggest ever play-off victory as they hammered Bristol City 6-0 on aggregate to reach the final.Goals from Kieffer Moore, Gustavo Hamer and Callum O’Hare saw them enjoy a 3-0 win in the second leg on Monday night, adding to the comprehensive victory by the same scoreline at Ashton Gate. They face Sunderland or Coventry in the final at Wembley, with the Black Cats leading that tie 2-1 heading into Tuesday night’s second leg live on Sky Sports. Championship play-off final Sheffield United will play in the Championship play-off final on Saturday May…

KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and visiting Lebanese President Joseph Aoun headed on Monday the official rounds of talks between Kuwait and Lebanon at Bayan Palace. The talks were held in the presence of HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Acting Prime Minister Sheikh Fahad Al-Yousef Al-Sabah, and senior officials from both countries.In a statement, Minister of Amiri Diwan Affairs Sheikh Mohammad Al-Abdullah Al-Sabah said the talks focused on ties and means to develop them on all possible domains. He added the recent developments in Lebanon were also on the table of discussions,…

Hearts are in talks with Kilmarnock as the club bid to appoint Derek McInnes as their new boss.The former St Johnstone, Bristol City and Aberdeen manager has been a frontrunner to succeed Neil Critchley who was sacked two weeks ago. Sky Sports News understand Kilmarnock will not stand in the way of McInnes – if he wants to move to Tynecastle Park.However, Killie would be due compensation from their Scottish Premiership rivals, with McInnes under contract at Rugby Park until 2027.The 53-year-old is expected to take Kilmarnock training on Tuesday and then be in the dugout on Wednesday as his…

US President Donald Trump gestures as he walks to board Air Force One at Joint Base Andrews in Maryland on May 12, 2025. Brendan Smialowski | Afp | Getty ImagesThe tentative U.S.-China trade deal brought a fresh wave of optimism to Wall Street that President Donald Trump won’t let this year’s damage to the stock market get out of control.An idea of a “Trump put” regained steam following more than a month of hard-to-digest volatility brought on by the president’s trade war. For Trump, it has been an uncharacteristic disengagement from Wall Street happenings considering how much emphasis he put…

KUWAIT: His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah hosted a luncheon at Bayan Palace on Monday in honor of Joseph Aoun, President of Lebanon and the accompanying delegation, on the occasion of their official visit to the country. President Aoun and his delegation concluded their two-day official visit to Kuwait on Monday afternoon. During the visit, the Lebanese leader held official talks with His Highness the Amir, reflecting the strong and historic ties between the two brotherly nations.His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah was present at Kuwait International Airport to bid farewell to the…

Another surge in trade from China to the U.S. should be getting underway, according to retailers and logistics executives, as the initial trade deal struck by the U.S. and China leads importers to move forward with shipments during the 90-day pause on the steepest tariffs implemented by President Donald Trump.On Monday, the U.S. and Chinese governments announced a trade deal, though the details of the U.S.-China pact are still sketchy. But in the short term the most important aspect of the agreement is the suspension of the so-called reciprocal tariffs, though broad-based 10% duties will remain in effect, as well as a…

By Chrsitine Susan ShineKUWAIT: The College of Life Sciences at Kuwait University (KU) hosted a pivotal lecture on Monday addressing strategic priorities for food security across the Gulf Cooperation Council (GCC). The event featured keynote speaker Gary Burniske, Managing Director of the Center for Global Food Security at Purdue University, USA and a leading expert in sustainable agriculture, resource management and international development.Burniske underscored the vital role of research and education in enhancing agricultural productivity. “Without strong research and education, agricultural productivity cannot improve,” he stated, calling on academic institutions to lead policy development based on scientific evidence and to…

U.S. President Donald Trump takes a question from a reporter during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty ImagesShortly after the Trump administration resumed collection efforts on defaulted federal student loans, the Education Department offered more detail to borrowers about the timeline for garnishments and other involuntary collections.Dozens of borrowers reached out to CNBC with questions and concerns about the change in policy.We spoke with experts to get answers. Here’s what we know so far.Why are borrowers now at risk of wage garnishment?How much of…