In the wake of the Texas shooting that killed 26 people, last Sunday, gun control is a major topic in the halls of Capitol Hill. Congressman Steve Chabot, a Republican representing Ohio's first district, told Cheddar that new gun laws will not stop criminals from obtaining lethal weapons and committing crimes.
Meanwhile other politicians, have been advocating for tighter gun controls, as the nation has seen two deadly shootings in the span of a month.
The congressman is also Chairman of the Small Business Committee. He said on Tuesday that the republican's proposed tax plan will cut taxes for small businesses down to 25 percent.
The republican congressman, slammed fellow Ohio congresswoman Marcy Kaptur, who told Cheddar last week that lowering the corporate tax rate will ultimately lead to more outsourcing.
"I think that comment is just ludicrous," Chabot said.
Stocks are opening lower on Wall Street as the market gives back some of the gains it piled up over the past three days. Major indexes are down more than 3% in early trading Friday.
British Prime Minister Boris Johnson has tested positive for the new coronavirus, but remains in charge of the U.K.’s response to the outbreak.
Stocks are surging again on Wall Street as a massive coronavirus relief bill gets closer to passing Congress. Major indexes jumped more than 6%, bringing the S&P 500 up 17% since Monday.
Stocks are rising more than 3% early Thursday, putting the market on track for its first three-day rally in six weeks, even as the astonishing scale of the downturn slamming the economy because of the coronavirus becomes more apparent.
House Speaker Nancy Pelosi said she is 'very proud' of the $2.2 trillion coronavirus aid package and confirmed the House will take up the package Friday.
On Tuesday the chairman of the FDIC put out a public service announcement urging people to keep their cash in the bank, as customers of U.S. banks and credit unions have been making big withdrawals in the midst of the coronavirus pandemic and recession.
After a day of uncertainty, the Senate unanimously passed a $2.2 trillion coronavirus relief bill late Wednesday. 4
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
resident Donald Trump is imploring Congress to move on critical coronavirus aid without further delay. Senate leaders are trying to overcome late objections to a $2 trillion economic rescue package to ease the financial pain of the pandemic.
Stocks scored their first back-to-back gains since a brutal sell-off began five weeks ago, but much of an early rally faded late in the day as a last-minute dispute threatened to hold up a $2 trillion economic rescue package in Congress.
