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.
By midday Wednesday, the Dow had plunged roughly 500 points, before rebounding slightly, while the S&P and Nasdaq Indexes were also down.
These are the headlines you Need 2 Know for Wednesday, October 2, 2019.
One man was shot in the chest with a live round by police in Hong Kong on Tuesday during widespread and violent protests that coincided with celebrations across China marking 70 years of the Communist state.
The current instability led the Geneva-based organization to cut its forecast for trade volume growth to just 1.2 percent in 2019, an over 50 percent drop from an earlier estimate.
Rep. Carolyn Maloney, the author of the pending Smithsonian Women's History Museum Act, told Cheddar that it's "difficult to empower women, if you don't even recognize them."
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.*
The latest tally represents about a 50 percent surge in illnesses and deaths since the CDC last took stock of the damage. As illnesses mount, regulators have stopped short of issuing a ban on vaping, recommending instead vape users abstain from vaping until the cause of the illness is identified.
The embattled Justice Department's top official, Attorney General William Barr, and the president's personal attorney, former New York City Mayor Rudy Giuliani, are now under a great deal more scrutiny.
The House of Representatives made history on Wednesday, passing landmark legislation that would protect U.S. banks that provide services to legitimate cannabis businesses in states where cannabis is legal.
As pressure mounts to detect and combat the spread of deepfakes, startups like Canny AI are embracing the technology and attempting to commercialize it.
