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, Dec. 10, 2018.
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.
Times Square is known as the "crossroads of the world," but tell that to Stacey Cunningham. The CEO of the New York Stock Exchange, the first woman to hold the job in the exchange's 226-year history, said it's at the NYSE where capitalism, economics, politics and "the world at large" converge.
These are the headlines you Need 2 Know for Friday, Dec. 6, 2018.
Los Angeles is taking a strong stance against single-use plastic straws: the local City Council is moving forward with its "Plastic Straws on Request" initiative with an ultimate goal to phase them out completely by 2021. "This has been a long time coming," Mitch O'Farrell, Los Angeles city council member, told Cheddar Thursday. "I wish that the city had acted 10, 15 years ago."
These are the headlines you Need 2 Know for Thursday, Dec. 6, 2018.
Medical marijuana is now legal in Utah, but not exactly in the form voters intended. Shortly after the medical marijuana initiative, Proposition 2, was scheduled to go into effect, the Utah state House and Senate swooped in and replaced it with a new law. Wayne Niederhauser, a Republican senator for Utah's 9th district, defended the move in an interview on Cheddar Wednesday.
Financial markets closed, mail delivery stopped, and federal offices shut down as the nation paused to remember the life of President George H.W. Bush, who will be memorialized during a state funeral at Washington's National Cathedral on Wednesday.
These are the headlines you Need 2 Know for Wednesday, Dec. 5, 2018.
The famously stoic president of France may have conceded on fuel taxes to protestors, but his decision was most likely a product of circumstance, not an act of altruism. In this case, said Erin Zaleski of the Daily Beast, Emmanuel Macron had no one with whom he could negotiate. But small concessions, like a fuel tax moratorium, won't be enough to satisfy protesters who are wreaking havoc in the streets of Paris.
