Latest in Trump may use Medicaid cuts to fund tax reform. These states would be hit hardest.
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US Congress certifies Trump’s 2024 electoral win
Certification comes four years after Republican’s supporters staged violent attack on CapitolFinancial Times - Jan. 6 -
Welfare reform for absent fathers
Fathers, not mothers, are the real center of the family problem.The Hill - Jan. 6 -
Trump would 'prefer' 1 reconciliation bill but 'open' to 2
President-elect Trump on Monday said he would prefer Congress pass his agenda on energy, taxes and immigration in one reconciliation bill but would be open to breaking it up over two pieces of ...The Hill - Jan. 6 -
Biden's decision to block the US Steel sale would have made Harry Truman proud
Biden’s decision serves as a reminder, as the new president comes to power, of just how much a president can do under the broad and often vague umbrella of national security.The Hill - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - Jan. 6 -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - Jan. 6 -
Trump backs massive single bill for taxes, border and energy
Some Republicans have expressed support for enacting two pieces of legislation, instead of trying to stuff everything into one bill.Politico - Jan. 5 -
Sen. Banks: ‘I don’t think Mike Johnson would have been speaker’ without Trump
Sen. Jim Banks (R-Ind.) said on Sunday he doesn’t think Speaker Mike Johnson (R-La.) would have been reelected to his leadership post without the backing of President-elect Trump. “Donald Trump ...The Hill - Jan. 5 -
Schiff: Trump’s proposed January 6 pardons would 'send a terrible message about our democracy'
Sen. Adam Schiff (D-Calif.) joins Meet the Press to talk about the anniversary of January 6 and President-elect Trump’s plans to pardon those involved with the attack, calling it “the wrong way to ...NBC News - Jan. 5 -
ATF head warns that the Trump administration's funding cut plans could risk lives
Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...CBS News - Jan. 4 -
Sunday shows preview: US reels after New Year's attacks; 119th Congress hits ground running
The U.S. is reeling from a pair of New Year’s Day attacks in Nevada and Louisiana that have taken multiple lives and injured dozens. Authorities said the suspect in the New Orleans terror attack, ...The Hill - Jan. 4 -
Carville reflects on failed prediction that Harris would defeat Trump: 'Very depressing'
Democratic political strategist James Carville, who has been openly critical of the Harris campaign since Democrats' 2024 election losses, reflected on his failed prediction that Vice President ...The Hill - Jan. 4 -
The Trump Administration May Find It Can’t Do Without Diversity
Diversity was a virtue in the Biden administration. The Trump administration may discover the same thing.The New York Times - Jan. 4 -
Do stock holdings reflect individual risk preferences or the growing use of target-date funds?
I suspected most financial assets were in 401(k) plans and most 401(k) holdings were directed by target-date funds, but the data told a somewhat different story.MarketWatch - Jan. 4 -
Cheney hits back at Trump: 'You can't change the truth'
Former Rep. Liz Cheney (R-Wyo.) clapped back a President-elect Trump after he blasted President Biden for awarding her and Rep. Bennie Thompson (D-Miss.) the Presidential Citizens Medal this week. ...The Hill - Jan. 4 -
Streeting to unveil extra funding for English hospitals that cut waiting times fastest
Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’Financial Times - Jan. 4 -
US health care reform: Why there are no easy fixes
While attention has been focused on the manner in which insurance companies handle claims, the broader issue is how the U.S. health system should be improved to serve the public interest.The Hill - Jan. 3 -
Trump: 'Why would I want to get rid of TikTok?'
President-elect Trump doubled down on his support for TikTok on Friday, as the popular social media app prepares to argue against an impending ban before the Supreme Court next week. “Why would I ...The Hill - Jan. 3 -
Trump says Britain is 'making a very big mistake' with windfall tax on North Sea oil producers
U.S. President-elect Donald Trump on Friday called on Britain to "open up" the North Sea and get rid of "windmills."CNBC - Jan. 3 -
Trump blasts UK energy policy and ‘windmills’ after company blames windfall tax for less drilling
President-elect Trump is criticizing the United Kingdom’s energy policy and saying it should get rid of windmills after a company blamed the country’s windfall tax for its early exit from drilling ...The Hill - Jan. 3 -
By blaming Biden for the New Orleans attack, Trump may be setting himself up for failure
Trump has blamed Biden for the attack in New Orleans. But the president-elect risks facing similar criticism if an attack happens while he is in the White House.NBC News - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2 -
Sanders gets Finance perch to push Social Security, Medicare expansion, tax reform
Sen. Bernie Sanders (I-Vt.), who supports expanding Social Security and Medicare and raising taxes on the wealthy, will get a seat on the Senate’s powerful Finance Committee, which has jurisdiction ...The Hill - Jan. 2 -
With a playoff blowout of Oregon, Ohio State proves it's moved past the Michigan loss — and may be at the peak of its powers
That Ohio State is one of college football’s last four standing is equal parts predictable and surreal. After all, it was barely a month ago that the Buckeyes endured a loss that rocked the program ...Yahoo Sports - Jan. 2 -
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.CBS News - Jan. 1 -
US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1 -
Trump says he would make calls for Mike Johnson
The president-elect also plans to attend Jimmy Carter's funeral.Politico - Dec. 31 -
Walgreens and Intel lead list of stocks in the S&P 500 that fell hardest in 2024
At the end of a second consecutive year during which the S&P 500 has risen more than 20%, two things investors need to remember are that time tends to smooth out performance and that the index is ...MarketWatch - Jan. 1 -
Millions of children lost health insurance in Medicaid shake-up
Children were among the millions of people who lost Medicaid coverage after the government required states to reevaluate every recipient's eligibility. Some have been able to get benefits back, but ...NBC News - Dec. 31