Middle-income families would pay less, thanks to doubling of the standard deduction and an increase in the child tax credit.
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World
Catalan separatists eye freedom after Spain's Cabinet pardon
Nine Catalan separatist leaders jailed for sedition were eyeing freedom Wednesday, after Spain's Cabinet pardoned them in the hope of starting what Prime Minister Pedro Sánchez called a much-needed reconciliation in the country's restive northeast.
World
Putin hails WWII heroes, warns of degrading Europe security
Russian President Vladimir Putin on Tuesday marked the 80th anniversary of the Nazi attack on the Soviet Union by hailing the country's World War II heroes and calling for efforts to strengthen European security.
Business
US stocks open mostly lower ahead of testimony from Powell
Stocks are opening mostly lower on Wall Street as traders wait for more clues on the Federal Reserve's thinking on inflation. Fed Chair Jerome Powell will testify before Congress later Tuesday on the central bank's response to the coronavirus pandemic. In prepared remarks, Powell reaffirmed the Fed's position that while inflation has accelerated recently, the Fed expect the effects to be transitory. The S&P 500 slipped less than 0.1% in the early going, while gains for a handful of tech giants helped push the Nasdaq up less than 0.1%. Bond prices fell. The yield on the 10-year Treasury note rose to 1.51%.
Business
Watchdog: Nursing home deaths up 32% in 2020 amid pandemic
Deaths among Medicare patients in nursing homes soared by 32% last year, with two devastating spikes eight months apart, a government watchdog reported Tuesday in the most comprehensive look yet at the ravages of COVID-19 among its most vulnerable victims.
Nation
White House: 70% of Americans 30 or older get COVID-19 shot
More than 70% of Americans age 30 or older have received at least one dose of a COVID-19 vaccine, the White House said, even as President Joe Biden is set to fall short of reaching his goal of giving a shot to the same percentage of all American adults by Independence Day.
