Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Millions of American families are about to get cash in their pockets

Published

on

From next month, around 36 million American families are due to begin receiving payments totalling up to $1800 through to December this year.

Lawmakers have temporarily expanded the Child Tax Credit (CTC) available to families with children in 2021.

Known as the enhanced Child Tax Credit, it was signed into law by President Joe Biden as part of the American Rescue plan.

The efforts will increase the previous $2,000 annual tax credit to $3,600 per child, with half being paid in cash instalments and the rest claimed on 2021 tax returns.

Families will get monthly payments of up to $300 for each child 6 years old and under and up to $250 for each child 6 to 18 years old.

These funds can help parents afford necessities like diapers, school supplies, and food. But this increase in the CTC payments has only been approved for 2021.

The Biden administration has also proposed to extend this new cash-back system for five years if successful.

An estimated 90 percent of children in the United States will automatically get the CTC. Even if a parent is making little to no income, they can still be eligible for the new CTC.

Meanwhile, Vice President Kamala Harris says residents need to “spread the word”

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

U.S. strikes Houthis in Yemen for shipping attacks

U.S. military strikes in Yemen target Houthi rebels following threats to maritime security and attacks on shipping.

Published

on

U.S. military strikes in Yemen target Houthi rebels following threats to maritime security and attacks on shipping.

In Short

The U.S. has launched military strikes in Yemen against Houthi rebels following their attacks on commercial vessels, with President Trump stating the goal is to protect American shipping. The strikes have resulted in civilian casualties and are part of a broader campaign to deter aggression and ensure navigational freedom.

The U.S. has initiated military strikes in Yemen against the Houthi rebels, following their attacks on commercial vessels.

President Trump announced on his Truth Social platform that these aerial attacks aim to protect American shipping and restore navigational freedom. He stated that the Houthis will be held fully accountable for their actions.

Local sources report significant explosions in San’a, with civilian casualties reaching 31 dead and 101 injured. Yemen’s Houthi Health Ministry condemned the strikes, labelling them a war crime.

The U.S. strikes targeted Houthi leaders’ residences and their strongholds, alongside missile systems positioned along the coast. U.S. military officials have indicated that this is part of a larger campaign against the group.

The USS Harry S. Truman carrier strike group is involved in the operation, which seeks to deter aggression from Iran-backed Houthi forces and protect American interests.

Tensions escalated after the Houthis announced their intent to resume attacks on Israeli ships, claiming the lapse of ceasefire agreements.

In retaliation, Trump ordered these military actions, which aim to target Houthi leadership and missile launchers, while also signaling a warning to Iran.

Continue Reading

News

Norris wins Australian GP as Piastri’s hopes dashed

Lando Norris triumphs at the Australian Grand Prix as Oscar Piastri faces heartbreak in his home race.

Published

on

Lando Norris triumphs at the Australian Grand Prix as Oscar Piastri faces heartbreak in his home race.

In Short

Lando Norris won the 2025 Australian Grand Prix amid chaotic weather conditions, while Oscar Piastri struggled at his home race, finishing far behind expectations. Despite scoring some points, Piastri and his supporters were disappointed with his performance.

Lando Norris achieved victory at the 2025 Australian Grand Prix, marking a strong start to his season. The race featured significant chaos, largely due to rain, affecting many drivers.

Oscar Piastri, competing in his home Grand Prix, faced disappointment as his race was derailed. Piastri’s team McLaren celebrated Norris’s success while he struggled on the track.

Aussie rookie Jack Doohan’s race ended prematurely after a crash in the early laps.

Piastri was positioned close to Norris when he lost control and spun onto the grass, dropping to the back of the pack.

Despite a determined effort to regain positions, Piastri’s race did not meet the expectations of him or his supporters.

In the final moments, he managed to score some points but it was not the outcome he desired.

Fans had hoped for a better performance from their local hero, but the race results proved challenging. The event highlighted the unpredictable nature of Formula 1, especially under adverse weather conditions.

Continue Reading

News

Trump’s tariffs threaten Australia’s pharmaceutical industry prices

Trump’s tariffs may jeopardise Australia’s $1.1 billion pharmaceutical exports, risking essential medicine prices and healthcare quality.

Published

on

Trump’s tariffs may jeopardise Australia’s $1.1 billion pharmaceutical exports, risking essential medicine prices and healthcare quality.

In Short

Trump’s tariffs on steel and aluminium raise fears they could increase medicine prices in Australia, threatening its $1.1 billion pharmaceutical export industry. Prime Minister Albanese criticises the tariffs as unjustified but has ruled out retaliation, while industry experts warn against using health policies as trading leverage.

Fears have emerged that President Trump’s tariffs could adversely affect Australia’s pharmaceutical export industry, potentially raising medicine prices.

The Trump administration recently announced 25 per cent tariffs on steel and aluminium imports, sparking concern that Australia’s pharmaceutical exports, valued at approximately $1.1 billion in 2024, could face similar tariffs.

Prime Minister Anthony Albanese condemned the US tariff actions as unjustified and detrimental, indicating he would not retaliate with similar measures.

The pharmaceutical industry is a significant part of Australia’s economy and is critical to the $18 billion federal scheme that reduces essential medicine costs.

The US aims to protect its declining steel industry amidst increasing competition from Asia, particularly Canada, Brazil, and the EU.

US companies claim that Australia’s medicine pricing policies affect their earnings, raising concerns that they might push to reconsider the Pharmaceutical Benefits Scheme (PBS).

The PBS was instrumental in lowering the costs of 930 medications last year.

The Trump administration previously blamed the high costs of US medicines partly on foreign nations benefitting from US investment without contributing fairly.

Calls have been made for the Australian government to maintain a strong stance against US influence over its domestic health policies.

Albanese has ruled out retaliatory tariffs, highlighting the negative impact of trade wars on consumers.

Continue Reading

Trending Now