Andrew Desiderio, Congressional Reporter for The Daily Beast, talks the GOP's passing of tax reform and the President's scoring his first major legislative win of his administration. We dig into what this means for the future of the GOP as we head into the 2018 and 2020 elections.
Desiderio notes that the GOP is being criticized for writing and passing the bill too quickly, just to secure a win before 2018. The bill will inevitably provide big gains for corporations, which are permanent, but the tax cuts on individuals run out after a certain number of years.
Desiderio also talks his latest piece on the promises that Sen. Mitch McConnell made in exchange for votes on the reform bill. Sens. Susan Collins and Jeff Flake both were promised certain concessions, but what happens to McConnell if he fails to keep them.
The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman was sentenced Tuesday to three years in prison after pleading guilty to helping her husband run his multibillion-dollar criminal empire.
President Joe Biden is urging Americans to get vaccinated, including booster shots, as he seeks to quell concerns over the newly identified coronavirus variant named omicron.
The Treasury Department pushed for the requirement to help close the tax gap in the crypto industry by forcing better IRS reporting, but legislators on both sides of the aisle argue that the language is too broad and could curb innovation in the space.
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Federal officials said Monday they are seeking more than $160,000 in fines from eight airline passengers over incidents involving alcohol.
President Joe Biden is ordering a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.
El Salvador President Nayib Bukele says his government will build an oceanside “Bitcoin City” at the base of a volcano.
President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
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.
Kyle Rittenhouse has been acquitted of all charges after pleading self-defense in the deadly Kenosha, Wisconsin, shootings that became a flashpoint in the nation’s debate over guns, vigilantism and racial injustice.
