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Harris reveals good-vibes economic polices. Experts weigh in.
Kamala Harris reveals economic plans for homeowners, new housing
The vice president will call for a $25,000 credit for first-time homeowners at a speech in North Carolina.
Cheddar
Democratic presidential nominee Kamala Harris revealed for the first time some big economic plans on Friday, but these experts had mixed reactions on how much some of them would help everyday Americans.
Harris, who said in a fact sheet she’s focused on “some of the sharpest pain points American families are confronting,” plans to ease rent increases, cap prescription drug prices for everyone, boost first-time home buyers, end grocery price gouging and bolster the child tax credit.
Many of these plans resonate with voters who have struggled in the past few years with soaring inflation, but some experts are wary of what they call “price controls” to fight high prices and how she intends to pay for some of her proposals. Any changes to the tax code also would require congressional approval and depend heavily on which party controls the House and Senate, tax experts say.
“It’s optimistic and targeted to improving the middle class; however, we have yet to see details, and it’s unclear how the congressional elections will impact the likelihood of passage,” said Mark Baran, managing director at consulting firm CBIZ MHM’s National Tax Office.
Former Republican New York Congressman and senior vice president at tax consultant alliantgroup Rick Lazio said in an email that the Harris campaign will need to consider “the societal costs of unsustainable higher public debt and its impact on inflation and the ability to respond to unplanned events, like recession, wars, pandemics, and natural disasters.”
The nonpartisan Committee for a Responsible Federal Budget estimate her full plan would increase deficits by $1.7 trillion over a decade and grow to $2 trillion if temporary housing policies were made permanent. “The Harris campaign has said this would be paid for through taxes on corporations and high earners and that they support the revenue raisers in the President’s fiscal year 2025 budget but has not put forward specific offsets as part of their agenda to lower costs for American families,” it said in a release.
To get a better view of what experts liked and questioned, USA Today has compiled a more detailed look of each proposal.
Child tax credit
- A return to COVID-era child tax credit (CTC) policies, which were $3,600 for qualifying children under age 6 and $3,000 for other qualifying children under age 18.
The CTC is currently $2,000 per qualifying child under age 17 that phases out for single filers earning over $200,000 and married couples with more than $400,000 in income. Republican vice-presidential nominee J.D. Vance has floated a $5,000 CTC and hinted at no income thresholds.
- New, expanded tax relief of up to $6,000 for families with a newborn.
“We were super excited to see her propose this big expansion,” said Mary Nugent, advisor of domestic policy at nonprofit Save the Children US. “To put it front and center and to be including this new kind of bonus for new parents with those youngest kids is really exciting in terms of the impact.”
The plan would reduce child poverty by at least half, she estimates. “Most families would see an increased credit and, the top line there is that we would see massive cuts in child poverty.”
Health care and food prices
- $35 price cap on insulin for Medicare recipients to cover insulin and annual out-of-pocket costs of $2,000 for all Americans, not just seniors.
- Stiffer regulations and strict antitrust enforcement to prevent increased costs for consumers on drugs and food.
- First-ever federal ban on price gouging on food and groceries.
The Groundwork Collaborative, a nonprofit progressive advocacy group, praised Harris’ push to hold companies accountable. “When just a handful of big companies control the majority of the market, or even control the market in a single region, they have the power to raise prices without worrying about a competitor nipping at their heels,” said Lindsay Owens, the group’s executive director, in a statement.
Economists were less enthusiastic, calling Harris’ efforts “price controls.”
“Harris is continuing with the Biden administration theme of blaming high inflation on corporate greed and price gouging – be it oil producers, pharmaceutical firms or, in this case, grocery retailers – rather than excessively loose pandemic-era fiscal and monetary policies,” wrote Paul Ashworth, chief North America economist for research firm Capital Economics, in a note. “She wants Congress to pass a federal ‘price-gouging’ ban. It sounds uncomfortably like price controls, which could lead to product shortages.”
Housing
- Block data firms from hiking lease rates, and prevent Wall Street investors from buying homes in bulk to resell at a premium.
- New tax incentives for builders who construct “starter homes.”
- Provide up to $25,000 in down-payment support for first-time homeowners.
“I’m encouraged by the recognition of by Vice President Harris of the affordable housing crisis in America,” Lazio said. “There is no congressional district in the nation that hasn’t seen a spike in the housing supply imbalance. Having said that, the devil is in the details and some of the initiatives like the subsidy for first time homebuyers regardless of their wealth or income needs to be rethought.”
Ashworth also noted many developed countries around the world “have tried to boost homebuilding but have struggled to achieve their goals because of capacity constraints in the construction industry or other bottlenecks, like zoning regulations.”
Tax-free tips: Trump, Harris agree on one thing: No taxes on tips. Here’s how it could impact the budget
What wasn’t discussed?
- Tax Cuts and Jobs Act, which expires at the end of 2025, is a massive tax package passed in 2017 that included provisions that touch almost every American. If it expires, tax rates for most Americans will rise, income brackets will narrow, and the standard deduction would get cut in half which could force many Americans to itemize again, among many other things.
It’s the “big elephant in the room,” said Baran. “Letting it expire completely will hurt middle class Americans because tax rates will go up.”
Ashworth also noticed the lack of discussion “of whether she would support the extension of the original Trump tax cuts, even for those making less than $400,000 per year. That potential fiscal cliff that would hit at the end of next year is the real policy battleground.”
This is “bad economic policy, but understandable from a political standpoint given that it could be enough to win the election race in Nevada,” Ashworth said. “Assuming there are limits on the amount of income that can be counted as tips and that only income taxes are eliminated rather than payroll taxes too, that tax cut might cost up to $150 billion over the next decade.”
- Small and medium sized businesses.
“I’m disappointed that there was nothing today that spoke to the need to protect and incentivize these businesses that employ half of all Americans, and up until recently have generated most of the industry innovation in America,” Lazio said. He said he’d like to see Harris endorse tax incentives for research and development to spur innovation and to keep tax rates for small businesses steady.
“Small business people are middle class people, too,” Baran said.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
News
Maps: Earthquakes Shake Southern California
Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown. The New York Times
Shake intensity
Pop. density
A cluster of earthquakes have struck near the U.S.-Mexico border, including ones with a 4.5 and 4.7 magnitude, according to the United States Geological Survey.
As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.
Subsequent quakes have been reported in the same area. Such temblors are typically aftershocks caused by minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.
Aftershocks detected
Quakes and aftershocks within 100 miles
Aftershocks can occur days, weeks or even years after the first earthquake. These events can be of equal or larger magnitude to the initial earthquake, and they can continue to affect already damaged locations.
The New York Times
When quakes and aftershocks occurred
Sources: United States Geological Survey (epicenter, aftershocks, shake intensity); LandScan via Oak Ridge National Laboratory (population density) | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Saturday, May 9 at 11:55 p.m. Eastern. Aftershocks data is as of Sunday, May 10 at 11:54 p.m. Eastern.
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U.S. cruise passengers head to Nebraska for hantavirus monitoring
American citizens arrive onshore after being evacuated from the M/V Hondius in the Granadilla Port on Sunday in Tenerife, part of the Canary Islands, Spain.
Chris McGrath/Getty Images
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Seventeen U.S. cruise passengers are expected to return stateside early Monday, after weeks aboard the M/V Hondius, the cruise ship at the center of a deadly hantavirus outbreak.
The Americans are disembarking the cruise in the Canary Islands and boarding a medical repatriation flight, arranged by the U.S. government, bound for Nebraska. After landing at the Offutt Air Force Base near Omaha, they’ll head to the National Quarantine Unit at the University of Nebraska Medical Center (UNMC) for an initial evaluation, according to the Centers for Disease Control and Prevention.
“For the passengers getting off the ship, I’d say, ‘Welcome to Nebraska.’ You are coming to the premier facility in the United States, if not the world, to take care of you,” says Dr. Ali Khan, dean of the College of Public Health at UNMC.

The 17 U.S. passengers are among the total of nearly 150 people who were on the ship from 23 different countries. They’ve endured in the midst of a hantavirus outbreak which has caused at least eight cases, including three deaths, according to the World Health Organization.
The returning Americans had been isolating in their cruise cabins. They will now be monitored for several more weeks, U.S. health officials said in a media call on Saturday.
The passengers are arriving at America’s only federally funded quarantine unit, which also received cruise passengers from a different outbreak — the Diamond Princess Cruise, in early 2020 — which was one of the first known superspreading events of the COVID-19 pandemic.
Unlike COVID, which was a novel pathogenic strain when it emerged, scientists have been studying hantaviruses — and specifically the Andes variant which caused this outbreak — for decades. “We do know that you can get small clusters of disease, but in 30 years we’ve never seen any large outbreaks,” says Khan, “so this is unlikely to become a pandemic.”
This strain of hantavirus can be deadly, but it isn’t very contagious between people. It tends to take prolonged, close contact with someone who’s showing symptoms.
So far, all of the U.S. passengers are well. But symptoms can take up to 42 days after exposure to show up, according to the CDC.
“It’s appropriate to be cautious,” Khan says, “To monitor these people for 42 days [to make sure] they don’t get sick. And if they do get sick during those 42 days, to make sure to put them into isolation.”
Health officials said the U.S. passengers would not be officially quarantined. Instead, they suggested that after an initial assessment in Nebraska, some could continue monitoring at home, with daily check-ins from their health departments.
Seven U.S. passengers who had left the cruise ship earlier are being monitored in several states, including Texas, California, Georgia and Virginia.
Public health experts have been raising alarms over what they consider to be a muted public response by the U.S. government to this outbreak.
Lawrence Gostin, professor of global health law at Georgetown University, says the U.S. response has been fragmented, disjointed, and delayed for weeks, but it’s finally coming together. “The CDC was missing in action for quite a long time,” he says. “Better late than never — but it is very late.”
In response to a request for comment from NPR, Emily Hilliard, a spokesperson for the Department of Health and Human Services: “These claims are completely inaccurate. The U.S. government is conducting a coordinated, interagency response led by the Department of State. HHS, through ASPR [Administration for Strategic Preparedness and Response] and CDC, is supporting efforts to protect the health and safety of U.S. citizens, including repatriation, medical evaluation, and public health guidance.”
She further described CDC’s response activities, including setting up its Emergency Operations Center, deploying teams to the Canary Islands and Nebraska, and notifying state health departments of returning U.S. travelers.
Many of these activities have come recently, and Gostin agrees that the U.S. government is now taking active measures to ensure that the passengers, their families, and the communities they’re returning to are safe.
But health officials got lucky this time: the Andes virus is not very contagious, and health officials say this outbreak will likely be contained. The way the U.S. has handled this episode shows glaring gaps in its pandemic preparedness, Gostin says: “If this was a highly transmissible virus, you could imagine what chaos we would be facing now.”
Gostin says more investment is needed in infectious disease prevention, containment and control.
News
How Is Pope Leo Shaping the U.S. Church? Bishops.
Pope Leo XIV’s moral voice has resounded in global politics during the first year of his papacy, on war, immigration and artificial intelligence.
But in quieter, more personal ways, the first pope from the United States has also been shaping the future of the Roman Catholic Church in his home country — one bishop at a time.
So far, Leo has made roughly 30 announcements involving new bishops, elevated bishops or retiring bishops in the United States, offering an early look at what the American church hierarchy will become under his leadership.
He appears to be naming bishops not primarily as political statements, but rather as leaders who, like him, have focused on pastoral care and local management, and who reflect the changing composition of Catholic pews and priests.
Last week, Leo appointed Bishop Evelio Menjivar-Ayala to be the next bishop of Wheeling-Charleston, the diocese that covers West Virginia. The first Salvadoran bishop in the United States, Bishop Menjivar-Ayala became a citizen 20 years ago after a period as an undocumented immigrant, an experience that resonates with many Catholic families in the country.
In his own story, Bishop Menjivar-Ayala sees the story of Leo, who as a young priest moved to Peru from the United States to be a missionary and then became both a bishop and a citizen of his new country. Leo’s appointments have a global perspective, he said.
“Those decisions are not taken from political points of view, but what are the needs of that community?” he said. “Jesus said if you want to be great, you should become the servant of all.”
The same day Bishop Menjivar-Ayala was appointed, Leo also named Father John Gomez, a Colombian-born priest who became a U.S. citizen five years ago, to lead the Diocese of Laredo on Texas’ border with Mexico.
Father Gomez, currently the vicar general of the Diocese of Tyler in East Texas, felt a call to ministry after completing his military service in Colombia. He went to seminary in Miami and continued his theological studies in Texas and Rome. In Tyler, nearly half of Catholics are Spanish speakers, he said.
“That was the reason I came to the United States, to serve the growing Spanish-speaking population in the Catholic Church,” he said.
“Now I am a bilingual, bicultural man, and I love to serve both communities,” he said. “But there is a great need for us here in the church, for priests.”
Many of the most prominent U.S. cardinals and archbishops are reaching retirement age, meaning Leo will have an opportunity to make personnel changes at the highest levels. Bishops are required to offer the pope their resignation at age 75, but the pope can choose whether to accept it for five years.
In Chicago, Cardinal Blase Cupich turned 77 in March, and in Newark, Cardinal Joseph Tobin turned 74 last week. Archbishops in Las Vegas, Miami and Santa Fe are all turning 76 this year.
Before Leo was elected pope, he ran the influential Vatican office responsible for choosing bishops. That expertise has allowed him to move quickly, and his relative youth means that he could significantly remake a generation of the church hierarchy, similar to the legacy of Pope John Paul II, said Christopher White, a senior fellow of the Initiative on Catholic Social Thought and Public Life at Georgetown University.
In December, Leo replaced Cardinal Timothy Dolan of New York, who turned 75 shortly before Francis died, and appointed Archbishop Ronald Hicks, 58, who also had a similar biography to Leo’s, with shared ministry experience and administrative skills.
A notable number of Leo’s new bishops, like many American priests and parishioners, were born in other countries.
Last June, Leo appointed Bishop Simon Peter Engurait, who was born in Uganda in 1971, the seventh of 14 children, to the Diocese of Houma-Thibodaux in Louisiana.
About a third of priests in his diocese are foreign-born, many with green cards and some with religious worker visas, Bishop Engurait said.
“Back in the day, you had bishops from, for example, Ireland, because that is where most of the priests came from,” he said. Now, as more and more priests come from Latin America and Africa, the makeup of the bishops is also changing.
One of his hopes is to integrate the range of diverse Catholic communities in his diocese, which includes many African Americans and a significant Hispanic and South Asian population, though very few Africans, he noted.
Recently, Hispanic Catholics had a celebration of the Virgin Mary, including traditions from places like Nicaragua, Puerto Rico and Mexico, and he wished other immigrant cultures in the dioceses were represented to share their own flavors of Catholicism, he said.
Leo’s focus on the universality of the church is a central gift for parishes, he noted.
“I personally believe that God gives us leaders for a time, for a season,” he said, adding that Leo has “a beautiful recognition and appreciation of the global human family.”
Shortly after his own installation mass, Bishop Engurait traveled to participate in the installation of another Leo-appointed bishop in his cohort, Bishop Pedro Bismarck Chau, an auxiliary in Newark who was born in Nicaragua and became a U.S. citizen in seminary.
Leo is continuing a trend that Pope Francis started, elevating priests who have what Francis called “the smell of the sheep,” Bishop Chau said.
Many in Leo’s cohort of new bishops came up as parish priests, meaning they have extensive on-the-ground pastoral experience as opposed to having primarily worked in diocesan offices or adjacent ministries, he noted.
In September, Bishop Chau will go with fellow newly appointed bishops to Rome for what they jokingly call “Baby Bishop School,” an annual Vatican program for that year’s bishop class, and meet Leo for the first time. His own appointment process began while Francis was still alive and Leo, then Cardinal Robert Francis Prevost, was still in his former role leading the bishops’ office.
“He saw my paperwork, he brought that paperwork to Pope Francis, that’s the interesting part of it,” Bishop Chau said. “I can’t wait to talk to him about it.”
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