Senate Republicans to propose counteroffer on infrastructure closer to $1 trillion
CBSN
Republican senators will announce a new counteroffer on infrastructure on Thursday, after the White House last week unveiled a slimmed-down alternative to President Biden's original massive proposal. The new offer will be close to $1 trillion, the minimum amount that Mr. Biden has said he will accept for an infrastructure bill, and proposes to be paid for by repurposing unused funds from previously approved coronavirus relief measures.
Senator Roger Wicker, a Republican from Mississippi, told reporters that after a meeting between the chief Republican senators negotiating a counteroffer, the bill would be close to the president's request, and would cover eight years. He also said that it would not affect the 2017 tax cuts bill signed by former President Trump, which lowered the corporate tax rate to 21%. Mr. Biden has proposed paying for a large infrastructure bill by raising the corporate tax rate to 28%, which is unilaterally opposed by Republicans. "We're going to hit a figure very close to what the president said he would accept, and it will end up being the most substantial infrastructure bill ever enacted by the federal government. And if the president gets to make the decision, he will accept it," Wicker said, alluding to accusations from some Republicans that Mr. Biden's staff was less willing to negotiate than the president himself.
Washington — The Supreme Court on Friday said it will consider the constitutionality of the Federal Communications Commission's Universal Service Fund, agreeing to review a lower court decision that upended the mechanism for funding programs that provide communications services to rural areas, low-income communities and schools, libraries and hospitals.
Just a week before Thanksgiving, shoppers at Stop & Shop stores across Massachusetts were forced to leave empty-handed after a cyberattack against the supermarket chain's parent company led to inventory shortages.
For the last seven years, Brazilian soccer legend Marta dreamed of playing in a National Women's Soccer League championship game.
Former Rep. Matt Gaetz of Florida says he doesn't intend to return to Congress in January, after resigning from his seat and withdrawing from consideration as U.S. attorney general.
The United States on Friday announced sanctions against a former Colombian general it said was involved in extrajudicial killings of civilians falsely reported as combat deaths.
Jeff Bezos' Blue Origin launched six space tourists on a high-speed dash to the edge of space and back Friday, giving the passengers — including a husband and wife making their second flight — about three minutes of weightlessness and an out-of-this world view before the capsule made a parachute descent to touchdown at the company's west Texas flight facility.
The Emmy Award-winning "CBS News Sunday Morning" is broadcast on CBS Sundays beginning at 9:00 a.m. ET. "Sunday Morning" also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.)
Organic carrots and celery sold at Whole Foods Market in five states are being recalled amid a deadly E. coli outbreak that has stricken 39 people in 18 states.
It's well-documented that women in the workplace often face biases when seeking leadership roles, but new research is uncovering just how pervasive and wide-ranging those prejudices can be.
President-elect Donald Trump's sentencing for his May criminal conviction has once again been delayed, a judge ruled Friday.
Washington — The Supreme Court on Friday dismissed Facebook's appeal of a lower court order reviving a shareholder lawsuit brought against the social media giant in light of consulting firm Cambridge Analytica's 2015 misuse of millions of Facebook users' data.