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 Need2Know.:
Microsoft uncovered a new spear-phishing scheme waged by Russian hackers who targeted a handful of websites apparently linked to the government in an attempt to influence this November's elections.
The Trump administration's tariffs are spooking investors in the consumer electronics industry, according to Izzy Santa of the Consumer Technology Association.
Evan Siegfried, author of "GOP GPS: A Guide to How Republicans Can Try to Win Favor of Millennials," considers this the most fiscally conservative generation since those who grew up during the Great Depression. In his new book, Siegfried argues that the party must remake itself if it wants to stay relevant to younger voters.
Debbie Mucarsel-Powell is taking on Republican Rep. Carlos Curbelo in Florida's 26th. But she's lagging behind in a district that went heavily for Clinton in the 2016 election.
Samantha Azzarello, global market strategist at JPMorgan, says M&A and geopolitics are less relevant to this bull market than widespread earnings growth.
As the jury in the trial of former Trump campaign chief Paul Manafort deliberates into its third day, Rick Wilson, author of "Everything Trump Touches Dies," lays out what he sees as the limited options for the defendant.
These are the headlines you Need2Know.
These are the headlines you Need2Know.
These are the headlines you Need2Know for Thursday, Aug. 16.
