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Immediately following President Donald Trump’s decision to drop negotiations with House Democrats on a new stimulus deal, stocks dropped on Tuesday.The Dow Jones Industrial Average, which was up several hundred points earlier in the day, closed down 375 points following the announcement.The markets, which spent much of the summer rebounding after a sudden drop in value in March, have remained stagnant in recent weeks. In early September, the Dow Jones reached 29,000 points for the first since February. It appeared the Dow Jones Industrial Average was on its way to returning to pre-pandemic levels. But the Dow dropped in September, and closed at 27,772 on Tuesday.Trump said that he will not resume negotiations with House Democrats until after next month’s election, which is four weeks from today.Late last month, House Democrats passed a .2 trillion stimulus plan despite knowing it would not be entertained by the US Senate. The proposal still costs more than the White House has said it would like, but is down from the .4 trillion stimulus plan House Democrats passed back in May.In addition to another set of ,200 direct payments to millions of Americans, House Democrats propose using 5 million for education, more funding for the struggling airline industry, and 6 million for local governments. The set of proposals would also include a 0 per week unemployment supplement, which expired at the end of July. 1446
Hundreds rallied outside Paul Ryan's office in Milwaukee Monday for the Dream Act. Watch the Facebook live below: (KGTV) - After a successful fundraising campaign, a group of San Diego DACA recipients have made it to the nation’s capital to speak with lawmakers. 280
Hurricane Zeta made landfall Wednesday afternoon with sustained winds estimated at 110 mph, a category 2 storm. That's just 1 mile from being classified as a category 3 storm, according to the National Hurricane Center. By 10 p.m. CT, nearly two hours after landfall, Hurricane Zeta's top winds were down to 80 mph. The hurricane was expected to become a tropical storm in the early morning hours of Thursday. 417
Hurricane Harvey was a big headline in 2017. A year later, many continue to recover from the storm. They’re also remembering the government’s response, as they head to the polls to cast their ballots in the upcoming midterm election.“Yes, for the last three and a half years, walking into this house has been very depressing, I would say,” says Houston homeowner Greg Roberts.It hasn’t been easy for the Roberts, who live in Houston’s Meyerland neighborhood."We got flooded out in 2015, 2016, and 2017 with Harvey, as well," Roberts says.The Roberts haven’t lived in this home since it was first flooded in 2015. Harvey brought in more flood damage.Now, the couple is raising their home's foundation higher than the levels Harvey's waters reached. "If you look up and down the streets of this neighborhood and many others, you will find many others that have been lifted or completely demolished," Roberts says.Many residents in the area are preparing for the next storm. But the past isn't lost in this election cycle. "The topic of flooding and recovery from flooding has not left the public conscious for at least the last three years, probably before, especially the past three and a half years,” Roberts says.Roberts says it’s a major talking point for politicians in Texas.After so much flooding, the Roberts say they've already answered another tough question about their future. Why do they stay?“That's a good question,” Roberts says. “It's a person by person decision; there's no question about that. We love for years. We fought for years to get into this neighborhood. So, we just really love the areas."There were a lot of things we really love about this neighborhood, so we stuck it out. We prayed about it thought about it and took all things into consideration." 1808
IMPERIAL BEACH, Calif. (KGTV) — Key improvements are on the way to the iconic Imperial Beach pier.The Port of San Diego is reallocating .8 million to make the changes to the city's biggest attraction. The shift comes after the city dropped a plan to build public bathrooms about a half-mile down the beach.Nearby residents had raised safety concerns. RELATED:South Park gets iconic neighborhood signNew ADA access ramp at Dog Beach sparks controversyNew development aims to reinvigorate National City"We suddenly realized we only had so much money, we needed to put our efforts into something that was community driven," Imperial Beach Mayor Serge Dedina said. The pier, built in 1989, replaced its predecessors that had been unable to withstand large waves brought by storms. By next year, the pier should get more benches, beach-themed art, improved railings with beach-themed messages, more infrastructure for fishers, and a marker at the spot that is the most southwesterly point in the continental U.S. In 2022, the pier could get shade structures and a cantilevered extension lounge."People love to come and walk on the pier," Dedina said. "It's the town plaza for Imperial Beach."A spokeswoman for the port said the minor improvements don't need any further approval, but the shade structures and extension lounges will need to go through environmental review. 1378