Latest news with #NicoleMalliotakis
Fox News
18 hours ago
- Business
- Fox News
Trump says 'big, beautiful' bill 'must' meet deadline as some Republicans waver
House Republicans are growing increasingly wary of the self-imposed July 4 deadline to get President Donald Trump's "big, beautiful bill" to the White House, as the president warns that the bill "must" be ready for his signature by then. "I think it's more important to get the bill correct than it is to get it fast," Rep. Scott Perry, R-Pa., a former House Freedom Caucus chairman, told Fox News Digital. "I'm interested in a great deliverable product, and spending the time and the resources necessary to get that, whatever they may be." It's a thought shared by members outside of the conservative rebel group as well – Rep. Nicole Malliotakis, R-N.Y., who represents part of New York City, said Fourth of July is a "realistic" goal, but not one she was married to. "I'm not set on getting this done by July 4th. I know that's a goal, it's a nice soundbite, doing this on Independence Day and celebrating America," Malliotakis said. "But at the end of the day, we've got to do it right. And I'd rather take a few more days, a few more weeks, to make sure we can deliver a good product for the American people." Speaker Mike Johnson, R-La., told reporters on Friday that it was "possible" the deadline could slip, "but I don't want to even accept that as an option right now. We want to try to push this." The vast tax and immigration bill is currently in the Senate, where lawmakers are still working through several key issues on Medicaid and state and local tax (SALT) deductions among other details. An earlier version passed the House by just one vote in late May. Now, several House Republicans are balking at proposed changes in the Senate – though there's still no final product – and warning that the bill could lose their support when it returns to the House. Rep. Greg Murphy, R-N.C., who leads the Doctors Caucus, told Fox News Digital he had issues with the Senate version's comparably harsher cuts to federal Medicaid funding. "There is uniform agreement amongst many, many members in the House - if there's a change in the [federal Medicaid assistance percentage], we're not voting for it. It would remove the Medicaid expansion of North Carolina. I won't stand for that," he said. Asked about the feasibility of a July 4 deadline, Murphy said, "I've been a surgeon all my life … if I plan things, I'm used to having them given up in case a patient needs me for emergencies and things like that." Rep. Nick LaLota, R-N.Y., a moderate, said "there might be some prudence" in letting go of the July 4 deadline. Conservative Rep. Michael Cloud, R-Texas, was more optimistic. "I think it's more worth it to get the bill right, but that's not to say we won't get it done by then," he said. Rep. Lloyd Smucker, R-Pa., suggested the timeline will rely heavily on Trump. The Senate is expected to work through the weekend to pass the bill. Johnson told House Republicans, meanwhile, to be flexible next week when they're expected to be home in their districts. Sources have told Fox News Digital that House GOP leaders have offered varying estimations of when lawmakers will have to be back in Washington, from Tuesday through Thursday. And the House is up against at least one real-world deadline – the U.S. is expected to run out of cash to pay its debts by the summer, according to multiple projections. Republicans have made raising the debt limit a priority in the bill. Trump, for his part, wrote on Truth Social Friday, "The House of Representatives must be ready to send it to my desk before July 4th – We can get it done." He said during a press conference earlier in the day, "We can go longer, but we'd like to get it done by that time, if possible."
Fox News
2 days ago
- Politics
- Fox News
New York Republicans warn of 'disaster' if 'dangerous' Zohran Mamdani wins mayoral race
Print Close By Elizabeth Elkind Published June 26, 2025 Republicans in the Empire State's congressional delegation are arguing that presumptive Democratic mayoral nominee Zohran Mamdani would be a "disaster" for New York City if elected. "My mother fled communist Cuba to not live in a communist New York," Rep. Nicole Malliotakis, R-N.Y., told Fox News Digital. "We need to defeat him because he's very dangerous to the future of the city – both from an economic standpoint [and] a public safety standpoint." Malliotakis is the only Republican representing part of New York City in the House. She also ran for mayor herself in 2017, but lost to progressive ex-Mayor Bill de Blasio – who also ran a short-lived and relatively unpopular 2020 presidential campaign. REPUBLICANS USE MAMDANI BOMBSHELL VICTORY OVER CUOMO AS AMMUNITION TO BLAST DEMOCRATS AS EXTREMISTS Now, however, Republicans are seeing potential for their own party to grow in the largely Democratic stronghold – if the self-proclaimed democratic socialist continues to be as divisive for voters as he has been since hitting the national political stage. "No question – I mean, he will make Bill de Blasio look competent," Rep. Mike Lawler, R-N.Y., who is considering a potential gubernatorial bid in New York, told Fox News Digital when asked if Mamdani would boost Republicans. Lawler called on his fellow New Yorkers in the House Democratic Caucus to publicly declare where they stand on Mamdani. "Frankly, for Democrats, this is a time for choosing. Do they align themselves with a radical socialist who engages in antisemitism, hates the police, believes that illegal immigrants should have free everything, and you know, is basically going to destroy the finances of New York City?" Lawler posed. "They can't have it both ways." It is a question Democrats have been wrestling with. Two moderates, Reps. Laura Gillen, D-N.Y., and Tom Suozzi, D-N.Y., released public statements about their concerns. Gillen called Mamdani "too extreme" to lead the city. Rep. Dan Goldman, D-N.Y., told reporters "not right now" when asked if he had thoughts on Mamdani on Wednesday. Democrats' highest-ranking congressional officials, however – both hailing from Brooklyn – expressed tacit support for the mayoral hopeful. "He ran an impressive campaign that connected with New Yorkers about affordability, fairness, & opportunity," Schumer said. Long Island Rep. Nick LaLota, R-N.Y., said, "Yes, but nobody should wish that," when asked by Fox News Digital whether a Mamdani victory would help Republicans. "I mean, even if it gives us two or three more points on Election Day, nobody should want the policies that come with a Zohran administration," LaLota said. "You look at some of his legislative agenda — legalizing prostitution, the city giving out needles to drug addicts, and some other things that suburban voters are fully against." CUOMO CONCEDES IN NYC DEMOCRATIC PRIMARY FOR MAYOR, CONGRATULATES AOC-ENDORSED MAMDANI Mamdani's campaign platform includes freezing rent prices for rent-controlled apartments, creating city-owned and operated grocery stores, and eliminating fares for city bus rides. A progressive questionnaire from 2022 shows that while running for the state assembly, he endorsed legalizing sex work and passing legislation "to limit local police cooperation and information sharing with federal immigration authorities, and prohibiting local police from assisting in deportation enforcement." CLICK HERE TO GET THE FOX NEWS APP De Blasio, for his part, told "Fox News @ Night" on Wednesday that he believes concerns about Mamdani are overblown. "These are not staggering ideas. If he wants to tax the wealthy, he has to get the approval of the legislature. They may or may not give it," he said. "I just think there's a lot of exaggeration here. And we're not going to see people leaving in droves." Fox News Digital reached out to Mamdani's campaign for comment. Fox News Digital also reached out to de Blasio for comment via his website. Print Close URL
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Bipartisan Legislators Want More People to Shop Secondhand
In the age of Shein and the fast-fashion haul, lawmakers on both sides of the aisle are trying on a more sustainable option. Sydney Kamlager-Dove (D., Calif.) and Nicole Malliotakis (R., N.Y.) are set to launch a new caucus on Wednesday aiming to promote the re-commerce economy, looking in part to help platforms like eBay, Etsy and Depop where consumers can buy and sell pre-owned items—often at hefty discounts. Among the U.S. representatives joining the caucus are Kevin Mullin (D., Calif.), Hillary Scholten (D., Mich.) and Brittany Pettersen (D., Colo.). The bipartisan initiative will back policies that extend the life cycle of a product, cut down on landfill waste and 'encourage environmentally responsible commerce.' It will also aim to support small sellers on digital platforms and promote access to apps like Poshmark and OfferUp. Kamlager-Dove said she hopes to focus in part on reducing sales tax on secondhand items and providing tax credits for companies adopting circular business models. 'Why not do something that's good for fashion, good for the economy and good for the environment?' she said. For Malliotakis, one of the biggest concerns is tackling tax burdens for small businesses and resellers as well as fighting counterfeits, with the added benefit of cutting waste. 'It's sustainable, it helps the environment, there's less trash and you make somebody else happy,' she said. The push comes as an onslaught of tariffs hit products and materials shipping into the country, sending retailers' supply chains into disarray but also focusing U.S. shoppers' minds on where their goods come from. A report from ThredUp found 54% of retail executives believe resale is a more stable source of clothing amid tariff turmoil. 'At a time when consumers are price-sensitive and seeking more affordable, sustainable options, re-commerce offers critical access—not only to income, but to quality goods at lower costs,' said Rachel Kibbe, founder and CEO of American Circular Textiles. Across the U.S., landfills are bloated with clothing waste that as it breaks down releases a range of harmful chemicals, including greenhouse gases and per- and polyfluoroalkyl substances, known as 'forever chemicals.' But producing new items has an even higher carbon cost when their life cycle is factored in: material sourcing, manufacturing—often in countries such as China or Indonesia—and transportation. 'Currently we have enough clothing on the planet to clothe the next six generations of humans without making anything more,' said Rachel Mednick, an instructor on the fashion industry at Drexel University and co-founder of Pennsylvania Fibershed, a nonprofit aimed at creating sustainable and circular textiles. Companies need to be able to more easily source natural fibers like linen, wool and hemp when producing new garments, Mednick said. 'Supply chains are extremely complicated, especially for global brands, and it takes time and resources to shift and create change,' she added. The environmental damage in buying new items is stark: A scorecard by advocacy group found over 40% of brands it analyzed had increased their carbon footprint in 2025. Absolute emissions at Shein, where sneakers and sandals can go for less than $10, rocketed by over 170% in just two years, the report said. 'We recognize that we are still early in our decarbonization journey and have much work to do to scale our decarbonization initiatives in order to meet our targets,' Shein said in a statement. But secondhand shopping has also acquired a retro chic, with younger consumers scouring online apps (as well as thrift and vintage stores) for one-of-a-kind items that cost less and are easier on the environment. 'We're seeing a lot of interest from Gen Z and Millennials in prioritizing re-commerce and sustainability in how they shop,' said Ashley Shillingsburg, head of government relations for eBay. Indeed, consumers between the ages of 25 and 34 were most likely to have bought 'pre-loved goods' over the last year, with 71% of those surveyed having done so, according to a report from eBay. The online bazaar is looking to draw in more of those young shoppers: It recently launched an ad campaign with YouTube star Emma Chamberlain. The resell sector is expected to reach $1.04 trillion globally by 2035, up from $186 billion last year, according to Transparency Market Research, spanning everything from fashion to electronics, furniture and cars. The luxury market is also seeing a drastic shift. About 27% spent online on luxury apparel was at fashion resellers last year, according to a report from Mastercard. Some large retailers are also dipping into the secondhand market. REI, Lululemon—even Shein—have sections on their websites where you can buy preowned items from their brand. 'For us, this is about extending the life of clothes, empowering a new generation of creative entrepreneurs and connecting a global community that is reshaping fashion,' said Peter Semple, Depop's interim CEO. 'By advocating for policies that grow resale culture, we're not only making desirable secondhand fashion more accessible, we're also unlocking economic opportunities.' Write to Clara Hudson at
Yahoo
15-06-2025
- Business
- Yahoo
Retiree are fearing for the future of Social Security — here's what they can do to protect themselves
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Retirees are anxious about the future of Social Security as they navigate extreme market volatility and high levels of policy uncertainty. Even some House Republicans are concerned — breaking ranks to warn President Donald Trump of the potential consequences of further cuts. Rep. Nicole Malliotakis and 14 of her Republican colleagues sent a letter to the new Commissioner of Social Security, voicing worries over 'inadequate customer service provided by the Social Security Administration (SSA).' The average wait time for phone calls in 2025 has jumped over 40%, to a staggering 86 minutes. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) And seniors are just as concerned: An Associated Press poll showed 30% of respondents aged 60 and over aren't confident about the availability of Social Security benefits when they need them. 'It's a worry that I'm sure everybody is having right now,' Kathie Sherrill, a 74-year-old retiree, told the Detroit Free Press on March 26. Insecurity around Social Security isn't necessarily new. After all, the program's trust funds may only be able to fully support retirement benefits until 2035 before they are reduced, according to the SSA's 2024 trustees report. Politicians have mused over the years how Social Security should be reformed. But the Trump administration is simultaneously seeking to make cuts within the SSA, while implementing policies that experts say risk fueling inflation, potentially slowing the global economy. Some experts believe President Donald Trump's proposals may speed up Social Security's insolvency. Given that SSA data shows people over 65 derive about 31% of their income from Social Security, these factors are unsurprisingly fueling retirees' fears. In the meantime, Sherrill and her friends are cutting back on life's little luxuries, such as eating out and entertainment. 'That wasn't my plan, but that's what I've been doing,' she said. If your benefits are disrupted, you don't need to be caught off guard. There are measures you can take to reduce your reliance on Social Security benefits, and bolster your retirement savings without relying on government policies. Unfortunately, for many, a cut in benefits requires rethinking what your retirement is going to look like. You may need to downsize your lifestyle, or in extreme cases return to work. Another option is tackling rising insurance premiums by shopping around. makes comparing multiple insurance companies easier than ever. They'll ask you some quick questions then sort through leading insurance companies in your area, ensuring you find the lowest rate possible. The process is 100% free and won't affect your credit score. Similarly, can help you get great rates to protect your home. All it takes is two minutes for them to comb through over 200 insurers, for free, to find the best deal in your area. The process can be done entirely online. Read more: Rich, young Americans are ditching the stormy stock market — To start, you want to make sure you have a cash cushion for any potential emergencies. One way to build cash quickly is with a high-yield savings account. With a high-yield savings account, you earn much higher interest rates than a traditional savings account, without sacrificing the key banking features we all expect from any bank. If you need income now, you could consider a reverse mortgage, which lets you tap into your home equity to supplement your income, pay off debt or fund renovations. You can choose to borrow funds as a lump sum or fixed monthly payment, and then spend it however you please. If your head is spinning with financial possibilities it might be a good idea to sit down with an advisor to adjust your retirement plans. With Vanguard, you can connect with a personal advisor who can help assess how you're doing so far and make sure you've got the right portfolio to meet your goals on time. Vanguard's hybrid advisory system combines advice from professional advisers and automated portfolio management to make sure your investments are working to achieve your financial goals. All you have to do is fill out a brief questionnaire about your financial goals, and Vanguard's advisers will help you set a tailored plan, and stick to it. Once you're set, you can sit back as Vanguard's advisors manage your portfolio. Because they're fiduciaries, they don't earn commissions, so you can trust that the advice you're getting is unbiased. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
CNN
09-06-2025
- Business
- CNN
GOP lawmakers uneasy about package to codify DOGE cuts ahead of House vote this week
Multiple Republican lawmakers are voicing concerns about backing a high-profile measure later this week to codify Elon Musk's DOGE cuts – raising questions about whether it can pass the House at all. Two Republicans – Reps. Mark Amodei of Nevada and Nicole Malliotakis of New York – separately told CNN they have concerns with the White House's push to defund the Corporation for Public Broadcasting. 'Still mulling,' Amodei said when asked if he would support the package of cuts. 'The impact on local PBS stations appears to be significant.' Other Republicans have heartburn about how it could cut the Bush-era program, PEPFAR, devoted to fighting HIV and AIDS globally. 'If it cuts PEPFAR like they're saying it is, that's not good,' GOP Rep. Don Bacon of Nebraska told CNN last week. House GOP leaders plan to put the package of cuts, totaling $9.4 billion, on the floor as soon as Thursday, according to two people familiar with the plans. But Speaker Mike Johnson will need near unanimity in his conference for the package to pass the House, where he can only lose three votes. Johnson said on Monday that he's 'working on' getting enough votes for the Department of Government Efficiency spending cuts package he hopes to bring to the floor this week. 'The only concern I heard initially was some wanted a little more specificity and detail on what was in the package,' Johnson continued. Asked how he would persuade members that wanted more specificity in the package, Johnson replied, 'I'm gathering up all their questions and we'll try to get them all answered. I mean, that's what we do in every piece of legislation.' If it can survive the House, it will face major obstacles in the Senate. Sen. Susan Collins of Maine told CNN on Monday that she has major misgivings about the global health cuts, including PEPFAR. 'I think we can change it. We're still figuring out what the set rules are,' Collins said. The White House sent its long-awaited spending cuts request to Congress as it seeks to formalize a slew of DOGE slashes to federal funding. The $9.4 billion package – known as 'rescissions' on Capitol Hill – would claw back previously appropriated government funding. The move to cancel the funding through Congress would insulate the administration from legal challenges related to its cuts to federal funding. Johnson said on Monday, 'We'd like to do multiple rescissions packages, and this first one I'm sure will be successful.' This initial request, however, is far more limited in scope than the more than $1 trillion in spending cuts that DOGE has promised. The lengthy time it took the White House to send over a first round of cuts underscores the uphill battle for even a Republican-led Congress to codify DOGE's work.
