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.
Harley Rouda says he was a Republican and an independent before he sought to oust Congressman Dana Rohrabacher in Orange County, Calif., and win back control of Congress for Democrats. "There are a lot of people out there who would like to see this seat flipped," says Rouda, including many Republicans.
President Trump has proposed rolling back his predecessor's fuel efficiency standards. The move is effectively
an attack on states like California that set their own standards, says Dan Becker, director at Safe Climate Campaign.
PepsiCo CEO Indra Nooyi is stepping down after 12 years with the company. She helped push the soda giant into exploring healthier food and beverage options in light of changing preferences. Longtime Pepsi veteran Ramon Laguarta will replace Nooyi.
Disney, Fox, Snap, Dropbox, and others report earnings this week as earnings season winds down. Kristen Scholer and Nora Ali discuss what to expect from these quarterly results.
The trade war between the U.S. and China escalated even further after Chinese state media called out President Trump specifically, accusing him of extortion. Andrew Egger, reporter at The Weekly Standard, joins Cheddar to discuss.
The tech giants' decisions to block content by the conspiracy theorist Alex Jones may encourage other platforms to crackdown on his incendiary rhetoric, says Mashable's Heather Dockray. "The claims he's making have always been dangerous," Dockray says. "But they seem particularly paranoid as of late."
These are the headlines you Need2Know.
The Labor Department reported on Friday that the unemployment rate in the U.S. dropped to 3.9 percent and 157,000 new jobs were added in July. But while average hourly earnings rose 2.7 percent, Bankrate's Mark Hamrick points out that when inflation's factored in, workers are taking home less than a percent more in earnings.
These are the headlines you Need2Know.
Congressional candidate and former NFL linebacker Colin Allred says he received former President Barack Obama's endorsement in his bid to unseat the Republican incumbent Pete Sessions because he has run an inclusive campaign worthy of the Obama brand.
Mark Kaufman, science reporter at Mashable, discusses President Trump's surprising pick to lead the White House Office of Science and Technology Policy, atmospheric scientist Kelvin Droegemeier.
These are the headlines you Need2Know for Thursday.
