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.
These are the headlines you Need 2 Know for Monday, March 2, 2020.
Democrat Pete Buttigieg is ending his campaign for president, the Associated Press is reporting.
Joe Biden scored a convincing victory in South Carolina’s Democratic primary on Saturday, riding a wave of African American support and ending progressive rival Bernie Sanders’ winning streak.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks sank again after another wild day, extending a rout that left the market with its worst week since October 2008. Major indexes clawed back much of their intraday losses in the last 15 minutes. Bond prices soared as investors sought safety, pushing yields to record lows.
The World Health Organization raised its threat assessment Friday saying the global risk of the novel COVID-19 is now "very high," the director-general told reporters, even as the White House continues to downplay the potential impact of the coronavirus in the U.S.
Federal Reserve Chairman Jerome Powell pledged that the Fed will "use our tools" to support the economy, a strong signal of a likely rate cut, perhaps at its next meeting March 17-18.
The report from China Beige Book, an economic forecasting firm that surveyed more than 1,400 companies, shows an economy reeling from shutdowns and quarantines.
These are the headlines you Need 2 Know for Friday, February 28, 2020.
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
