House Passes Tax Reform Sending Bill To President Trump's Desk
After a procedural snafu last night, the House officially passed tax reform this morning. Now the bill goes to President Trump's desk to be signed into law.
Jack Hunter, Editor at Rare Politics, explains what happened that forced the House to vote on the bill for a second time. Since Congress is attempting to pass legislation using budget policy, there are a special set of rules that have to be followed. The Senate claimed that the House violated those rules in multiple ways.
President Trump could sign the bill into law as soon as tonight. However, even if it gets signed this week, Americans won't feel the effects of tax reform until next year. Hunter walks through some of the ways your taxes could be impacted.
The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.
The Biden administration is extending a student loan moratorium that has allowed tens of millions of Americans to put off debt payments during the pandemic.
President Joe Biden plans to deliver 500 million free COVID-19 tests to Americans, increase support for hospitals and expand the availability of vaccines to confront a winter surge of coronavirus cases driven by the fast-spreading omicron variant.
Former deputy assistant U.S. Secretary of State Joel Rubin joined Cheddar to break down the latest dispute between G7 nations and Russia as its increased military buildup along the Ukrainian border drew stern warnings of "massive consequences" should an invasion occur. "If Putin wants to keep on going further, there will be many tools that the financial system can use against him, and the United States, now, is gathering our allies in a way that is really unprecedented," he said.
Carlo and Baker cover the latest developments after a devastating tornado outbreak over the weekend, plus an eye on Omicron and inflation, and not even Spielberg can save the box office.
Airline executives faced tough questions from Congress on Wednesday, with the Senate panel grilling top CEOs on how they used that $54 billion Covid-19 government lifeline.
This hearing comes as airlines continue to face staffing shortages and widespread delays. Jason Ader, Leisure Analyst and CEO of SpringOwl Asset Management joined Cheddar's Opening Bell to discuss.
