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.
A record number of women are on the ballot next week, but many have struggled to finance their campaigns. Sarah Chamberlain, president and CEO of Republican Main Street Partnership, explains the funding gap that follows women on the campaign trail.
Axios is taking a different approach to success than many of its traditional media rivals. In a click-bait media universe, the digital media start-up is prioritizing engagement over page views. "We need engaged users, not just users," co-founder Roy Schwartz told Cheddar.
On Tuesday, Missouri could become the 32nd state in the U.S. to legalize medical marijuana. Cannabis legalization has garnered more public support in recent years, and medical pot is often thought to be the gateway to fuller legalization. While the Missouri medical community is split on the drug's medicinal value, much of the student body at the University of Missouri has a pro-legalization stance.
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Debbie Mucarsel-Powell, the Democratic candidate running in Florida's 26th district, is slamming ads attacking her, including one that shows a man pointing a gun. Mucarsel-Powell lost her father to gun violence.
The markets looked to recover losses for October in the last day of trading for the month. Facebook shares were making solid gains on the heels of its third-quarter earnings results. Revenue slowed but the company beat estimates on earnings per share. Plus, Debbie Mucarsel-Powell, an Ecuadorian immigrant running to represent Florida's 26th district, tells Cheddar the changes she would make if elected to office. The midterms are just six days out.
October's reputation as a volatile month for stocks will remain unbroken ー at least for now. The S&P 500 will close its worst October since the financial crisis a decade ago and its worst month in eight years. The gains in equities from a summer rally have been wiped out across just about every slice of the market.
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It's been nearly two weeks since Canada opened the retail market for recreational marijuana, and now it faces a shortage of supply across many of the retail operations in a number of provinces. "Given the robustness of the demand, suppliers clearly did have challenges getting the stores full and adequately supplied," Cowen Managing Director Vivien Azer told Cheddar's CannaBiz Tuesday.
It's not a coincidence that President Trump said he would sign an executive order to end birthright citizenship a week before a pivotal election. That's according to David Graham, a staff writer at The Atlantic, who explained the politics behind the bombshell announcement.
