Latest in Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
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Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...MarketWatch - 1d -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - 8h -
Expect one big 'thread the needle' reconciliation bill with Trump tax cuts next year: House Ways and Means Chair Jason Smith
Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.CNBC - 23m -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - 27m -
Incoming House majority squeezed by Trump's planned appointments
President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench.CBS News - 1d -
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group launched a six-figure ad campaign this week calling on Congress to extend disaster relief tax credits that the group says will help facilities recover from hurricanes ...The Hill - 22h -
Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R-S.D.) laid out an ambitious plan at the Senate Republican retreat Tuesday for Congress to move first next year on a budget reconciliation package that ...The Hill - 22h -
Guardian Journalists Strike Over Planned Sale of The Observer
Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.The New York Times - 4h -
South Korean opposition parties submit motion to impeach President Yoon Suk Yeol over short-lived martial law
South Korean opposition parties submit motion to impeach President Yoon Suk Yeol over short-lived martial lawABC News - 11h -
Tiger Woods shares return plans after back surgery: 'When I'm ready to complete and play at this level'
Woods underwent a sixth back procedure two months ago to alleviate pain endured throughout 2024CBS Sports - 1d -
9 states poised to end coverage for millions if Trump cuts Medicaid funding
About 3.7 million people are at immediate risk of losing health coverage should the federal government cut funding for Medicaid expansions, as some allies of President-elect Donald Trump have ...CBS News - 4h -
Kash Patel Has Plan to Remake the F.B.I. Into a Tool of Trump
President-elect Donald Trump’s pick to lead the F.B.I. has called for firing the agency’s top officials, shutting down its Washington headquarters and prosecuting journalists.The New York Times - 1d -
What we know about Trump's plans on foreign policy, tariffs
Tariffs for countries sending goods to the U.S. still appear to be part of President-elect Donald Trump's plans for his second term in the White House. CBS MoneyWatch correspondent Kelly O'Grady ...CBS News - 1d -
Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move
President-elect Donald Trump plans to nominate financier Paul Atkins to head the Securities and Exchange Commission.CNBC - 12m -
Trump's children won't have White House roles in his second term
As President-elect Donald Trump assembles a senior staff and Cabinet for his second administration, there are notable absences: his children.NBC News - 9h -
Trump nominates Peter Navarro as senior economic adviser
China hawk who served in president-elect’s first term was imprisoned for contempt of Congress over 2021 Capitol attackFinancial Times - 52m -
What Trump’s plan to end IRS ‘overstepping’ could mean for audits of rich people — and call hold times for everyone else
The incoming Trump team wants to change the IRS mentality from “we’re the tax police,” one expert said.MarketWatch - 7h -
Trump’s economic plans may encounter a problem many Americans know all too well: Crushing debt
None of President-elect Donald Trump’s plans for boosting domestic production have “a chance” unless this happens, says one economist.MarketWatch - 1d -
Economy cools off after election, ISM finds. Businesses anxious about Trump’s economic plans.
Service-oriented companies in the U.S. grew in November at the slowest pace in three months, reflecting uncertainty about how the incoming Trump administration will affect the economy.MarketWatch - 4h -
Raskin seeks to lead Democrats on House judiciary in ‘fight of our lives’ against Trump
Congressman launches bid to unseat colleague from key role in committee to sharpen resistance to Trump. Jamie Raskin, the Maryland congressman who spearheaded the second impeachment of Donald ...The Guardian - 1d -
Trump will take ‘nonstop’ action in first 100 days in office, top adviser says – live
Jason Miller says that Trump will take aggressive action on immigration and oil and gas drilling early into his second term. Notre Dame Cathedral will reopen in Paris on Saturday with incoming US ...The Guardian - 22h -
Trump appointments set off special elections to fill House seats: What to know
The move by President-elect Trump to tap several House Republicans to fill positions in his Cabinet and beyond has set off a fresh round of special elections next year to replace them. Trump chose ...The Hill - 1d -
'Realistic' green policies good for the U.S., Aramco CEO says, with Trump to return to White House
Trump has pledged to "end Biden's delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production."CNBC - 1d -
California lawmakers unveil new abortion protections ahead of Trump return to White House
California lawmakers unveiled two new pieces of legislation to protect abortion access in the state ahead of President-elect Trump’s return to the White House in January. The first of the two ...The Hill - 1d -
White House press corps recoils at Trump's threat to shake up briefing room
Signals from President-elect Trump's team that a shake-up of the White House Press Briefing Room could be coming are roiling journalists preparing to cover his second term. People close to Trump ...The Hill - 8h -
NATO chief urges European allies to ramp up defense spending as Trump returns to White House
NATO Secretary-General Mark Rutte is leading a fresh push for European countries to ramp up defense spendingABC News - 2h -
Trump Replaces His White House Counsel Before He Even Started the Job
The shake-up is a sign that the new administration may see the same chaos and infighting that so often plagued President-elect Donald J. Trump’s first term in office.The New York Times - 1h -
Trump threatens 100% tariffs on BRICS nations over effort to replace dollar
President-elect Donald Trump is vowing to impose 100% tariffs on BRICS nations unless they commit to not developing a new currency. CBS News MoneyWatch correspondent Kelly O'Grady joins to explain ...CBS News - 1d -
Concerns raised over Trump's FBI nominee's agenda and qualifications
Critics say that Kash Patel does not have the experience of past FBI directors - and some fear he will politicize the agency.BBC News - 1d -
Trump appears to threaten Hamas with 'all hell to pay' over hostages
The US president-elect vows a response if captives in Gaza are not released by the time he returns to the White House.BBC News - 1d -
Trump's Threat Over an Imaginary Currency Risks Backfiring on the U.S. Dollar
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of alternatives to the greenback.The Wall Street Journal - 1d -
Republican senators torn over FBI background checks for Trump Cabinet picks
Republicans senators returned to Washington after Thanksgiving recess to a renewed peppering of questions about President-elect Donald Trump's Cabinet picks.ABC News - 18h -
Trump Will Have Enormous Power Over Climate Action. Here’s Why.
Presidents have extraordinary control over climate policy, in part, because it’s been decades since Congress has passed a comprehensive environmental bill.The New York Times - 1d -
Fani Willis ordered to turn over communications in Trump case to conservative group
A Georgia judge ordered Fulton County District Attorney Fani Willis to turn over to a conservative watchdog group any communications she may have with special counsel Jack Smith or the ...The Hill - 4h -
GOP lawmakers already divided over sweeping Trump policy bill
John Thune wants a two-step strategy that addresses immigration and energy first, and then taxes later. Key House Republicans aren’t on board that plan.Politico - 2h -
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SailGP, CBS Sports announce broadcast extension for 2025 season
A record 54 hours of coverage of the Rolex SailGP Championship will air across CBS Sports networksCBS Sports - 3h
