Cheddar's J.D. Durkin reports live from Capitol Hill about the big news surrounding the GOP Tax Reform Bill. After rectifying a procedural snafu in the House vote, President Trump will get one step closer to his first big legislative victory this afternoon. The White House is planning a "major tax event" for later this afternoon. The administration stresses that this will not ber a formal signing of the bill. J.D. also reports on the news out of Alabama. Eight days after the special election there, Judge Roy Moore has yet to concede, even though there is a 21,000-vote difference between himself and his challenger, Democrat Doug Jones. Jones is in the lead. Moore and supporters are mounting a $75,000 fundraising effort to launch an investigation into any possible voter fraud.

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Embattled Fed Gov. Lisa Cook says she’ll sue Trump to keep her job
Federal Reserve Gov. Lisa Cook's lawyer says she'll sue President Donald Trump's administration to try to prevent him from firing her. Longtime Washington attorney Abbe Lowell said Tuesday that Trump “has no authority to remove” Cook. If Trump succeeds in removing Cook from the Fed's board of governors, it could erode the Fed’s political independence, which is considered critical to its ability to fight inflation because it enables the Fed to take unpopular steps like raising interest rates. The Republican president said Monday he was removing Cook because of allegations she committed mortgage fraud. Cook was appointed by Democratic President Joe Biden in 2022 and says she won't step down.
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