Alicia Díaz

2 weeks ago | ttnews.com | Alicia Diaz |Alicia Díaz |Ruth Liao

Government Business Logistics April 30, 2025 11:47 AM, EDT Goal Is to Boost US-Flagged Vessels Over 10 Years by 250 A containership at the Port of Philadelphia. (Hannah Beier/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] U.S. lawmakers are reintroducing legislation that aims to revive American shipbuilding, riding off momentum of an executive order from President Donald Trump announced in April.

2 weeks ago | bloomberg.com | Alicia Diaz |Alicia Díaz |Ruth Liao

A bipartisan group of US lawmakers are reintroducing legislation that aims to revive American shipbuilding, riding off momentum of an executive order from President Donald Trump announced earlier this month. The bill would put duties on vessels owned or operated by a “country of concern” — namely China, Russia, Iran and North Korea. It would also establish a 25% tax credit for shipyard investments and create a program to boost the number of US-flagged vessels over 10 years by 250.

4 weeks ago | bloomberg.com | Alicia Diaz |Alicia Díaz |David Westin

Senator Dave McCormick, a Republican from Pennsylvania, departs following the Senate Republican policy luncheon at the US Capitol in Washington, DC, US, on Tuesday, March 11, 2025. The House is scheduled to vote on a six-month spending bill that would make sure the whole government doesn't shut down, interrupting the fast start of President Donald Trump's second watch.

4 weeks ago | news.bloomberglaw.com | Alicia Diaz |Alicia Díaz |David Westin

Republican Senator Dave McCormick predicted a higher tax rate on millionaires won’t fly with the GOP-controlled Congress, throwing cold water on a proposal gaining support in the White House and among some of his fellow lawmakers. “I don’t think that’s likely to happen,” the former Bridgewater Associates chief executive said in a Bloomberg Television interview.

1 month ago | bloomberg.com | Alicia Diaz |Alicia Díaz

Democratic Senator Ron Wyden has introduced a resolution in the Senate to repeal the tariffs, which is expected to hold a vote in the coming weeks. (Bloomberg) -- House Republicans plan to move Wednesday to prevent Democrats from forcing them to take a public vote on President Donald Trump’s global tariffs, a person familiar said.