Latest in House GOP lays out legislative priorities: Border wall, tax cuts, cutting Biden programs
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Get ready for a relatively quick extension of some 2017 tax cuts if GOP holds on to House
If Republicans end up with a sweep of the House, Senate and White House, they’re expected to focus on using a budget process known as reconciliation to address the upcoming expiration of their 2017 ...Business - MarketWatch - November 7 -
Here are the GOP’s top legislative priorities under Trump
Hill Republicans have ambitious legislative plans for the first months of total GOP control of government under President-elect Trump, with a sweeping tax package at the top of the to-do list. ...Politics - The Hill - November 11 -
Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.Business - CNBC - November 7 -
What to expect when President Trump tries to make tax cut promises reality, even with GOP sweep in Congress
Trump promised tax cuts for individuals and businesses. With deficit hawks in the GOP and bond market fixated on rising debt, a GOP sweep may not be enough.Business - CNBC - November 12 -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
Harris slams House speaker for suggesting GOP would cut federal semiconductor aid
Democrat Kamala Harris and Republican Donald Trump are zeroing in on Sunbelt states as they embark on one last weekend quest to sway undecided voters in battleground states that will determine the ...Top stories - ABC News - November 2 -
Republicans clinch control of House, setting stage for quicker action on extending tax cuts
Republicans are poised to keep their hold on the House in the new year, as the AP just called enough House races in their favor. Having scored a sweep in this month’s election, the party is ...Business - MarketWatch - 5 days ago -
Judge Tosses Out Biden Program For Undocumented Spouses
The ruling issued by a federal judge in Texas struck down a new initiative aimed at helping undocumented spouses of U.S. citizens stay in the country.Top stories - The New York Times - November 8 -
GM lays off 1,000 employees amid reorganization, cost-cutting
The layoffs, which were announced Friday morning via email to those impacted, were across the business.Business - CNBC - 4 days ago -
GM lays off 1,000 employees amid reorganization and cost-cutting
General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the ...Top stories - NBC News - 4 days ago -
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - November 12 -
Trump advisers contemplating cuts to Medicaid and other welfare programs
Further plans include blows to food stamps that could threaten millions of Americans to fund tax cut extensions . Donald Trump ’s economic advisers and congressional Republicans are discussing ...World - The Guardian - Yesterday -
Wall Street reacts to Trump win as Fed weighs interest rate cut
President-elect Trump’s victory spurred a surge on Wall Street with the Dow Jones, S&P and Nasdaq reaching record highs. It comes as the Federal Reserve is weighing another interest rate cut with a ...Top stories - NBC News - November 7 -
The Papers: 'King cuts off Andrew' and 'tax blow for care homes'
A range of stories are on the front of Saturday's papers including a new biography about the royals.Top stories - BBC News - November 2 -
Colorado governor says tax cuts key to state's shift left
Colorado Gov. Jared Polis (D) said on Wednesday tax cuts are key to his state’s shift to the left in the wake of President-elect Trump’s win in the 2024 presidential election. Republicans made ...Politics - The Hill - November 8 -
The markets could have the final say on Trump’s tax cuts and tariffs
Financial markets could wind up as the final arbiter about whether he has gone too far.Politics - The Hill - 4 days ago -
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...Politics - The Hill - 4 days ago -
How Trump and Republicans could pay for new tax cuts
President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to find ways to cover the costs. While Trump and many ...Politics - The Hill - 12 hours ago -
Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports
On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.Business - Inc. - October 29 -
Trump Will Likely Cut the Ribbons on Biden’s Factories and Infrastructure Projects
The outgoing president funded new plants and big economic initiatives, but his successor may be able to put his name on the finished products.Business - Inc. - November 12 -
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.Business - MarketWatch - October 22 -
Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations
Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.Business - CNBC - November 7 -
GOP victories threaten Democrats' landmark climate legislation
With Republicans securing control of the House, Senate and White House in the election, they are poised to claw back major legislation Democrats have passed to fight climate change. Chief in the ...Politics - The Hill - 4 days ago -
Investors pile into emerging-market funds that cut out China
Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock reboundWorld - Financial Times - October 23 -
Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan
World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...World - The Guardian - 6 days ago -
PS5 Price Cut For The Holidays Edited Out Of New Sony Trailer
On November 12, Sony published a marketing trailer for the PlayStation 5 that ended with the announcement that the digital PS5 Slim would be marked down for the holidays. That trailer has since ...Tech - GameSpot - 6 days ago -
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Ryanair warns air travel tax rises mean 10% of its UK flights could be cut
CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’Business - Financial Times - November 1 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - November 6 -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - November 8 -
Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - November 10 -
Jim Cramer explains why the promise of tax cuts could have sent stocks lower on Tuesday
CNBC's Jim Cramer suggested that if Trump's new tax plans are similar to those he implemented in 2016, wealthy people will stand to benefit the most.Business - CNBC - 6 days ago -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - 4 days ago -
GOP tax battle rages
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...Politics - The Hill - November 12 -
Why the public dismisses Biden’s legislative accomplishments
My take is that Biden’s legislation has not been received well received principally because the American public does not see the direct benefits to them.Politics - The Hill - November 1 -
Graham: Use budget reconciliation to bypass filibuster and pass border security legislation
Sen. Lindsey Graham (R-S.C.), one of President-elect Trump’s strongest allies in the Senate, is calling on Republicans to advance ambitious economic and border security legislation through Congress ...Politics - The Hill - November 6
