Potential Tax Credit From Biden Administration Could Help First-Time Homebuyers

The president is proposing a $15,000 first-time homebuyer tax credit that buyers could use as a down payment. KDKA's Nicole Ford has more.

Recommended Stories

  • Bahrain: crown prince calls Israel PM on Iran nuclear talks

    Bahrain’s crown prince spoke with the Israeli prime minister on Thursday about the return to nuclear talks with Iran, Bahrain’s state-run news agency reported, as the U.S. administration tries to revive the tattered 2015 nuclear accord. Bahraini Crown Prince Salman bin Hamad Al Khalifa, also the country’s prime minister, stressed to Israeli Prime Minister Benjamin Netanyahu “the importance of the participation of regional countries in any negotiations on the Iranian nuclear file” to support “security and stability in the region,” according to the official Bahrain News Agency.

  • Singapore's first Chinese COVID-19 vaccines arrive ahead of approval

    Singapore received its first batch of the COVID-19 vaccine made by China's Sinovac Biotech on Tuesday, its health ministry said, although the shot is still awaiting approval for use in the city-state. Sinovac has started submitting initial data but the Health Sciences Authority is currently awaiting all the necessary information to carry out a thorough assessment, the ministry said in a statement late on Wednesday. Singapore is the only wealthy country considering the use of Sinovac's vaccine, which has been found to have an efficacy rate ranging from about 50% to 90% in studies.

  • In boost for COVID-19 battle, Pfizer vaccine found 94% effective in real world

    The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at preventing COVID-19, in a potentially landmark moment for countries desperate to end lockdowns and reopen economies. Up until now, most data on the efficacy of COVID-19 vaccines has come under controlled conditions in clinical trials, leaving an element of uncertainty over how results would translate into the real world with its unpredictable variables. The research in Israel - two months into one of the world's fastest rollouts, providing a rich source of data - showed two doses of the Pfizer shot cut symptomatic COVID-19 cases by 94% across all age groups, and severe illnesses by nearly as much.

  • Exclusive: Northern Ireland Protocol must be abolished, demands European Research Group

    The Northern Ireland Protocol must be abolished rather than tweaked, the European Research Group will urge the Government on Thursday. The hardline Tory Brexiteers will publish a report, seen by The Telegraph, urging Boris Johnson to overhaul the problematic protocol rather than work with the EU to amend it. It comes amid a growing outcry over bureaucracy and checks, required under the protocol, hampering the inward flow of some goods to Northern Ireland from Great Britain. The protocol was established to smooth trade friction arising from Northern Ireland remaining inside the UK internal market while continuing to apply some EU rules. The Brexiteer MPs propose replacing it with a “mutual enforcement” arrangement, via which both the UK and EU would agree voluntarily to enforce each other’s rules. This would see the UK apply EU customs regulations in Northern Ireland, undertaking checks “at source” in warehouses and factories instead of checks taking place at a border. The ERG’s 38-page report comes after Michael Gove and Maros Sefcovic, the EU Commission vice-president, on Wednesday night issued a joint statement declaring both the UK and EU’s “full commitment” to “the proper implementation of the protocol”. The pair’s statement acknowledged that “joint action” was needed to make it work, but their declaration of support for it disappointed Tory Eurosceptics and Unionists. A UK Government source was also downbeat on the prospect of a breakthrough over the issues surrounding the protocol, conceding “there was no real progress” made in the meeting between Mr Gove and Mr Sefcovic. The source added that there “seems to be a lack of understanding on the EU side” of the situation on the ground in Northern Ireland and how the protocol is impacting people’s everyday lives there. It appeared Mr Sefcovic has “not been given any political room for manoeuvre” by hardliners in the Commission and member states, the source added, saying the bloc appeared to have forgotten its aborted move to trigger Article 16 of the protocol last month. The ERG, which boasts more than 50 MP supporters, called in senior Brexiteer lawyers Martin Howe QC, Barnabas Reynolds and James Webber to help draft its report. Their publication, entitled “Re-uniting the Kingdom: How and why to replace the Northern Ireland Protocol”, argues the mechanism has “had a profound and negative effect” on the UK’s internal market, as well as the constitutional position of Northern Ireland. It sees the ERG formally join the growing chorus of opposition to the protocol, which has been led by the Democratic Unionist Party and other Unionists who insist it is unworkable. This week DUP leader Arlene Foster, the First Minister of Northern Ireland, and senior party DUP MPs announced they were backing legal action against it. She has said a “long-term solution rather than sticking plasters” is needed, adding: “Whether it is the flow of parcels, supermarket goods, chilled meats or medicines, from GB to NI, the United Kingdom single market has been ruptured.” Mark Francois, chairman of the ERG, told The Telegraph: “As this report makes crystal clear, from the viewpoint of the ERG, the NI protocol has to go. We’ve recommended an alternative called mutual enforcement which gives both sides what they need without infringing the sovereignty of either party.” He added: “We very much hope that just as the EU swore blind they would never abandon the backstop and then did so, they may yet abandon their adherence to the protocol as well.” Eurosceptic Tories were buoyed last week by Downing Street’s promotion of Lord Frost to the Cabinet to lead on the UK’s post-Brexit relationship with the EU, believing he will take a tougher approach to Brussels than Mr Gove, who holds the brief until the end of this month.

  • Biden news - live: Trump Jr deposed over inaugural funds as White House defends migrant camp after AOC attack

    Follow all the latest news from the White House

  • Sturgeon blasts Salmond but faces claim she is 'acting like tin pot dictator'

    Nicola Sturgeon has launched an astonishing attack on Alex Salmond after she was accused of behaving like a “tin pot dictator” who risked bringing UK politics into worldwide disrepute. The First Minister accused her former mentor of inventing an “alternative reality” around claims of sexual assault and suggested it was his behaviour towards women, rather than a grand conspiracy, that were the "root" of the allegations against him. Ms Sturgeon was also forced to deny leaning on Scottish prosecutors to censor damning evidence put forward by Mr Salmond, following a fiasco that saw large chunks of his written testimony deleted. The episode over the written evidence, which saw Holyrood quickly back down to the Crown Office which is run by a member of Ms Sturgeon's government, has been seen as a major humiliation for the legislature.

  • Kaley Cuoco thought she was meeting with her 'Big Bang Theory' costars to discuss a 13th season - instead she found out the show was ending

    The actress said she was "in a state of shock" when Jim Parsons said he wanted to leave the series, which ended the popular CBS sitcom.

  • Federal Judge Indefinitely Blocks Biden Administration’s 100-Day Deportation Moratorium

    A federal judge on Tuesday indefinitely banned the Biden administration from enforcing a 100-day pause on deportations of most illegal immigrants in response to a lawsuit from Texas, which argued that the moratorium violated federal law and could saddle the state with additional costs. U.S. district judge Drew Tipton issued a preliminary injunction Tuesday, dealing a blow to President Biden’s efforts to follow through on his campaign promise to pause most deportations. The pause would not have applied to those who have engaged in terrorism or espionage or who pose a danger to national security. It would also have excluded those who were not present in the U.S. before November 1, 2020, those who agreed to waive the right to remain, and those whom the ICE director individually determined need to be removed by law. Tipton first ruled on January 26 that the pause violated federal law on administrative procedure and that the U.S. failed to show why a deportation pause was justified. He issued a temporary two-week restraining order, which was set to expire Tuesday. Texas attorney general Ken Paxton argued that Biden’s January 20 memorandum violated federal law and an agreement with the Department of Homeland Security that Texas be consulted before reducing immigration enforcement or pausing deportations. As part of the agreement, DHS must give Texas 180 days notice of any proposed change on any matter that would reduce enforcement or increase the number of “removable or inadmissible aliens” in the United States. However, the ruling does not require deportations to resume at their previous pace and immigration agencies have broad discretion in enforcing removals and processing cases. In the wake of the first ruling, authorities deported hundreds of people to Central America and 15 people to Jamaica. The administration has also continued deportations that began under the Trump administration due to a public-health law in response to the coronavirus pandemic.

  • NASA just unveiled a high-def, 360-degree panorama of Mars from the Perseverance rover. It's made from 142 photos.

    The Perseverance rover wasted no time snapping photos on Mars. NASA scientists stitched together 142 of them to create a high-definition panorama.

  • 'Wandavision's' 'Agatha All Along' theme song is the new 'Werewolf Bar Mitzvah'

    The mock 'Munsters' theme song 'Agatha All Along' accompanied the big plot reveal in last week's 'WandaVision' episode and has become a sensation of its own.

  • China's Mars craft enters parking orbit before landing rover

    China says its Tianwen-1 spacecraft has entered a temporary parking orbit around Mars in anticipation of landing a rover on the red planet in the coming months. The China National Space Administration said the spacecraft executed a maneuver to adjust its orbit early Wednesday morning Beijing time and will remain in the new orbit for about the next three months before attempting to land. During that time, it will be mapping the surface of Mars and using its cameras and other sensors to collect further data, particularly about its prospective landing site.

  • How new GM Bill Zito improved the roster of the steamrolling Florida Panthers

    During the past 26 years, only two top executives have taken over South Florida teams and orchestrated a significant and immediate transformation, and both are Hall of Famers: the Dolphins’ Bill Parcells (Miami ascended from 1-15 to 11-5 in his first season as football operations czar) and Heat president Pat Riley, who also coached the team, immediately elevating Miami from 32-50 to 42-40 and the first of six consecutive playoff appearances.

  • Israeli DM moves to halt plan to share virus vaccines

    Israel’s defense minister on Thursday called for an immediate halt in plans to ship surplus coronavirus vaccines to a group of allied nations, accusing Prime Minister Benjamin Netanyahu of acting without oversight or transparency. In a letter to the prime minister, Benny Gantz said the decision to share vaccines was taken without “discussions in the relevant forums.” “We are talking about a significant diplomatic and security decision, and in accordance with that, it needs to be approved according to procedures established by law,” Gantz said.

  • Republicans push back on Pelosi proposal for riot commission

    Republican leaders in the House and Senate say a proposed plan for an independent commission to study the Capitol insurrection is overly tilted toward Democrats, arguing that the panel should have an even party split like the one formed to study the Sept. 11 terrorist attacks. House Republican leader Kevin McCarthy and Senate Republican leader Mitch McConnell said Wednesday that a legitimate commission would be comprised of an equal number of Republicans and Democrats. A draft proposed by House Speaker Nancy Pelosi would create an 11-member commission with four Republicans and seven Democrats, three of whom would be chosen by President Joe Biden, according to one of multiple aides who spoke on condition of anonymity to discuss the details under negotiation.

  • Sacha Baron Cohen and Isla Fisher are one of Hollywood's most private couples. Here's a timeline of their 20-year relationship.

    Fisher has said being with Cohen is like "winning the lottery" ... even if she has to deal with his many shenanigans.

  • Glitch delays Pennsylvania Republicans' censure vote on U.S. senator

    The Republican Party's state committee in Pennsylvania ended a meeting on Wednesday night without holding a planned vote on whether to censure U.S. Senator Pat Toomey due to technical difficulties, according to two people on the call. The meeting of Republican leaders from across the state had been called in part to decide if Toomey should be censured for voting to convict former President Donald Trump after this month's impeachment trial. Lawrence Tabas, chairman of the party's state committee, is expected to inform members of any plans for a future vote within the week, the participant said.

  • Nissan ex-CEO tells Japanese court Ghosn's pay was too low

    Former Nissan Chief Executive Hiroto Saikawa told a Japanese court Wednesday he believed the compensation for his predecessor Carlos Ghosn was too low “by international standards,” and so he supported Ghosn’s retirement packages to prevent him from leaving. “Mr. Ghosn had outstanding abilities and achievements,” Saikawa said, testifying in Tokyo District Court in the criminal trial of Greg Kelly, a former senior executive at Nissan Motor Co.

  • Marvel Studios president hints 'we probably could' see characters like Jessica Jones again 'someday' in the MCU

    "I'm not exactly sure...but perhaps someday," Kevin Feige said of the possibility that Netflix or ABC characters would enter the MCU.

  • Republican leaders Kevin McCarthy and Liz Cheney clash over support for Trump at a press conference

    "I don't believe [Trump] should be playing a role in the future of the party or the country," Cheney said.

  • Marvel's Wanda has a future, but 'WandaVision' fate unclear

    When “WandaVision” wraps its initial run next month on the Disney+ streaming service, Elizabeth Olsen’s Wanda will make her next appearance in the big-screen “Doctor Strange” sequel. It’s storytelling that determines how and when characters from the Marvel Comics universe hopscotch between TV and movies, Marvel Studios chief Kevin Feige said Wednesday. “All of the crossover between series, between films, will always vary based on the story,” Feige said.