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So I’m withdrawing from @ProjectLincoln to devote more time to family matters. And I’ll be taking a Twitter hiatus. Needless to say, I continue to support the Lincoln Project and its mission. Passionately.— George Conway (@gtconway3d) August 24, 2020 258

Spending cuts to schools, childhood vaccinations and job-training programs. New taxes on millionaires, cigarettes and legalized marijuana. Borrowing, drawing from rainy day funds and reducing government workers’ pay.These are some actions states are considering to shore up their finances amid a sharp drop in tax revenue caused by the economic fallout from the COVID-19 pandemic.With Congress deadlocked for months on a new coronavirus relief package, many states haven’t had the luxury of waiting to see whether more money is on the way. Some that have delayed budget decisions are growing frustrated by the uncertainty.As the U.S. Senate returns to session Tuesday, some governors and state lawmakers are again urging action on proposals that could provide hundreds of billions of additional dollars to states and local governments.“There is a lot at stake in the next federal stimulus package and, if it’s done wrong, I think it could be catastrophic for California,” said Assemblyman Phil Ting, a Democrat from San Francisco and chairman of the Assembly Budget Committee.The budget that Democratic Gov. Gavin Newsom signed in June includes .1 billion in automatic spending cuts and deferrals that will kick in Oct. 15, unless Congress sends the state billion in additional aid. California’s public schools, colleges, universities and state workers’ salaries all stand to be hit.In Michigan, schools are grappling with uncertainty as they begin classes because the state lacks a budget for the fiscal year that starts Oct. 1.Ryan McLeod, superintendent of the Eastpointe school district near Detroit, said it is trying to reopen with in-person instruction, “but the costs are tremendous” to provide a safe environment for students.“The only answer, really, is to have federal assistance,” McLeod said.Congress approved 0 billion for states and local governments in March. That money was targeted to cover coronavirus-related costs, not to offset declining revenue resulting from the recession.Some state officials, such as Republican Gov. Eric Holcomb of Indiana, are pushing for greater flexibility in spending the money they already received. Others, such as Republican Gov. Mike DeWine of Ohio, say more federal aid is needed, especially to help small businesses and emergency responders working for municipalities with strained budgets.In mid-May, the Democratic-led U.S. House voted to provide nearly trillion of additional aid to states and local governments as part of a broad relief bill. But the legislation has stalled amid disagreements among President Donald Trump’s administration, Republican Senate leaders and Democrats over the size, scope and necessity of another relief package. In general, Republicans want a smaller, less costly version.The prospects for a pre-election COVID-19 relief measure appear to be dimming, with aid to states and local governments one of the key areas of conflict.The bipartisan National Governors Association and Moody’s Analytics have cited a need for about 0 billion in additional aid to states and local governments to avoid major damage to the economy. At least three-quarters of states have lowered their 2021 revenue projections, according to the National Conference of State Legislatures.While Congress has been at loggerheads, many states have pressed forward with budget cuts.Wyoming Gov. Mark Gordon, a Republican, recently announced 0 million of “agonizing” cuts that he described as “just the tip of the iceberg” in addressing a billion budget shortfall caused by the coronavirus and declining revenue from coal and other natural resources. The cuts will reduce funding for childhood vaccinations and eliminate a program to help adults learn new job skills, among other things.“It is not likely that these trends are going to turn around rapidly or as significantly as we would like,” Gordon said.In August, Rhode Island Management and Budget Director Jonathan Womer sent a memo to state agencies instructing them to plan for a 15% cut in the fiscal year that starts next July.In some states, however, the financial outlook is not as dire as some had feared earlier this year.Previous federal legislation pumped money into the economy through business subsidies, larger unemployment benefits and ,200 direct payments to individuals. The resulting consumer spending led to a rebound in sales tax revenue in some states. Many states also delayed their individual income tax deadlines from April to July, which led to a larger than usual influx of summer revenue from taxpayers’ 2019 earnings.In Vermont, where lawmakers are expected to work on a budget next week, a deficit that some had feared could reach 0 million now is pegged around million. A predicted 8 million shortfall in Arizona for the current fiscal year has been revised to just million.Local governments in New Mexico said revenue has been propped up by surprisingly strong sales taxes. But “that sugar high from the federal stimulus will fall off, and our communities will be affected,” said A.J. Forte, executive director of the New Mexico Municipal League.New Mexico Gov. Michelle Lujan Grisham, a Democrat, is urging the Legislature to legalize and tax recreational marijuana as a way to shore up state revenue. Democratic Pennsylvania Gov. Tom Wolf also wants the Legislature to legalize marijuana, with the tax revenue going toward grants for small businesses and criminal justice reforms.State tax revenue often lags economic trends because individuals’ income losses aren’t reflected on tax returns until months later. As a result, experts warn that states might experience the lagging effects of the recession well into their 2021 and 2022 budget years.“The worst is still yet to come,” said Brian Sigritz, director of state fiscal studies at the National Association of State Budget Officers.The 2021 fiscal year began July 1 in most states. But seven states have yet to enact a full-year budget, in some cases because they have been waiting for congressional action on another relief bill.One such state is New Jersey, which shifted the start of its budget year from July to October because of the coronavirus pandemic. Democratic Gov. Phil Murphy recently proposed a budget that would slash about billion in spending, take on billion in debt and raise taxes on millionaires, businesses, yachts, cigarettes and health insurance plans.Murphy has said the initial federal aid didn’t provide enough “to deal with the variety of tsunamis that we’re facing.”In New York, Democratic Gov. Andrew Cuomo’s administration estimates the state will receive about billion less in tax revenue than once expected this fiscal year. Cuomo, who recently became chairman of the National Governors Association, wants Congress to provide an additional billion to New York to plug budget holes that he warns will compound in coming years.“There is no combination of savings, efficiencies, tax increases that could ever come near covering the deficit,” Cuomo said, “and we need the federal government to assist in doing that. Period.”___Associated Press writers Adam Beam in Sacramento, California; Mike Catalini in Trenton, New Jersey; Bob Christie in Phoenix; Tom Davies in Indianapolis; David Eggert in Lansing, Michigan; Mead Gruver in Cheyenne, Wyoming; Morgan Lee in Santa Fe, New Mexico; Marc Levy in Harrisburg, Pennsylvania; Wilson Ring in Stowe, Vermont; Andrew Taylor in Washington; Andrew Welsh-Huggins in Columbus, Ohio; and Marina Villeneuve in Albany, New York, contributed to this report. 7577

Seven people, including four children, have been found dead in a rural property in Western Australia, in what's believed to be the country's worst mass shooting in more than two decades.Officers were called to a residential property in Osmington, around 170 miles (270 kilometers) south of state capital Perth, in the early hours of Friday morning, where the seven bodies were discovered, said Western Australia Police Commissioner Chris Dawson.Police arrived at the property following a call from "'male person' connected to the property" shortly after 5:00 a.m. local time (5 p.m. Thursday ET), national broadcaster ABC reported.Five bodies were found inside the house, and the other two outside, close to the property. Dawson described the incident as a "tragedy" and "horrific incident."Police were treating the incident as a murder-suicide, according to ABC."It appears that gunshot wounds are there, but I don't want to go further than that... two firearms have been located," Commissioner Dawson said, according to the ABC.The ABC is reporting that it is Australia's worst mass-shooting since 1996's Port Arthur massacre, in which a lone gunman killed 35 people with a military-style semiautomatic rifle.The massacre, in Australia's southern island state of Tasmania, was the last straw for Australians, following a decade of gun massacres which had left more than 100 people dead.Just 12 days after the Port Arthur shooting, the government of Prime Minister John Howard announced nationwide gun law reform, by far the most popular initiative of his first year as Australian leader.In Friday's incident, police statement said there were "no concerns about wider public safety."Police say they are unable to share any other details and are currently looking for next of kin and friends to notify.  1816

Some of the biggest names in global business and finance have canceled plans to attend an investment conference in Saudi Arabia next week because of the unexplained disappearance of prominent Saudi journalist Jamal Khashoggi.The Washington Post columnist hasn't been seen since he entered the Saudi consulate in Istanbul on October 2.Sources told CNN on Monday that Saudi Arabia is preparing to acknowledge that Khashoggi was killed during an interrogation that went wrong. Saudi authorities have so far maintained that Khashoggi left the consulate the same day of his visit, but have provided no evidence to support the claim.The Saudi conference, known as "Davos in the desert," is part of Crown Prince Mohammed bin Salman's plan to transform the oil-dependent economy.JP Morgan (JPM) CEO Jamie Dimon and the heads of America's top investment firms — Blackrock (BLK) and Blackstone — are among the leading figures who have decided to stay away. Top executives at Ford (F) and MasterCard (MA) have also pulled out, and Google (GOOGL) said Tuesday that the head of its cloud computing business wouldn't participate in the event either.Three of Europe's top bankers — the CEOs of HSBC (HSBC), Credit Suisse (CS) and Standard Chartered (SCBFF) — pulled out on Tuesday. The heads of the International Monetary Fund and the London Stock Exchange (LNSTY) also decided not to go.The chief executives of several prominent Asian and European companies — some of whom have benefited from hefty Saudi investments — are still planning to attend, or are refusing to talk about their plans.Here's a list of big names who are still planning to participate: 1715

Special counsel Robert Mueller's interest in Jared Kushner has expanded beyond his contacts with Russia and now includes his efforts to secure financing for his company from foreign investors during the presidential transition, according to people familiar with the inquiry.This is the first indication that Mueller is exploring Kushner's discussions with potential non-Russian foreign investors, including in China.US officials briefed on the probe had told CNN in May that points of focus related to Kushner, the White House senior adviser and son-in-law of President Donald Trump, included the Trump campaign's 2016 data analytics operation, his relationship with former national security adviser Michael Flynn, and Kushner's own contacts with Russians.  780

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