President Donald Trump and Senate Majority Leader Mitch McConnell (R-KY) on Capitol Hill yesterday. Trump joined senators to talk about upcoming legislation, including the proposed GOP tax cuts and reform.
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Mnuchin heads to Middle East focused on disrupting terrorist financing

Oct 25, 2017
Treasury Secretary Steven Mnuchin speaks in Saudi Arabia today at the launch of what’s being called the Terrorist Financing Targeting Center. Mnuchin’s leading a weeklong delegation to the Middle East to meet with leaders in Saudi Arabia, Israel and Qatar to talk about ways to combat terrorist financing.  Click the audio player above to hear […]

Republicans are trying out different ideas for bringing in revenue

Oct 23, 2017
It’s been a busy few days on the tax-and-budget front in Washington, D.C. Late last week, the Senate passed a budget resolution for fiscal year 2018 that allows for $1.5 trillion in tax cuts over the next 10 years. Republican leaders in the House want to vote on it this week. It’s a blueprint for […]

The latest Senate budget deal is approved. Does tax reform come next?

Oct 20, 2017
A roundup of this week's business and economic news.
President Donald Trump (C), with Speaker of the House Paul Ryan (L) and Senate Majority Leader Mitch McConnell (R), delivers remarks during a meeting with members of Congress and his administration regarding tax reform in the Roosevelt Room of the White House on Sept. 5  in Washington, DC.
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With North Korea looming, Japan heads to the polls

Oct 20, 2017
Japan is holding a snap election on Sunday. Prime Minister Shinzō Abe is widely expected to retain power, with his party maybe losing a few seats from its huge majority. In many ways, the election is a referendum on the prime minister’s economic reforms, known as Abenomics. It’s also a vote about national security. Click the […]

Another Republican congressman heads for the exits

Oct 19, 2017
U.S. Rep. Pat Tiberi announced today that he’s leaving Congress in January — midway through his term. The Ohio Republican is a senior member of the tax-writing House Ways and Means Committee. That makes him part of what’s known as the governing wing of the Republican party — the folks with influence who can get […]

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Trump’s tough NAFTA trade position leads to impasse at fourth round of talks

Oct 17, 2017
The contentious fourth round of NAFTA negotiations concluded in Washington, D.C. today without a deal in sight. Trade reps from Canada and Mexico rejected outright a number of hard-line protectionist policies proposed by U.S. negotiators, proposals which Canada’s Foreign Affairs Minister Chrystia Freeland described diplomatically today as “unconventional.” Could these seemingly irreconcilable sticking points on […]

What happened to the GOP’s deficit hawks?

Oct 17, 2017
The Senate is pushing ahead on a budget vote this week. That framework would move the GOP a step closer to the tax overhaul it has promised. The Senate plan allows for as much as $1.5 trillion in tax cuts over the decade. Those cuts could blow a $2.4 trillion hole in the budget, the […]

Undocumented residents not eligible for FEMA cash payments after disasters

Oct 17, 2017
After Hurricane Harvey, the hundreds of thousands of undocumented people living in the Houston area will have to find financial relief in other ways.
Flooded homes following Hurricane Harvey in Houston, Texas.
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