Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the “wrong choice” for the country. House Republicans approved a sweeping measure on Thursday that would ease rules on banks, weaken consumer protection and scrap federal bailouts for major financial institutions. “Growth!” US President Donald Trump cheered … Read more
The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump’s tax blueprint, which reduces the business tax rate from 35% to 15%. Economists say the tax cuts will add trillions of dollars to the deficit over the next … Read more
President Donald Trump is to propose slashing the rate of corporation tax when he announces his tax plan later. White House officials say the centrepiece of Wednesday’s announcement will be a sharp reduction in the business tax rate, from 35% to 15%. Economists say the tax cuts will add trillions of dollars to the deficit … Read more
Senior Senate Democrats on Thursday said they were demanding the US government investigate connections between President Donald Trump’s real estate company and an Azerbaijani oligarch reported to have ties to Iran’s Revolutionary Guards. The lawmakers wrote to Treasury Secretary Steven Mnuchin, Attorney General Jeff Sessions and FBI Director James Comey to express concern that the … Read more
President-elect Donald Trump’s pick to be the new attorney general is poised to get a rough ride when he appears before US senators. Alabama Senator Jeff Sessions, 69, will face questions about his past record on civil rights at his confirmation hearing on Tuesday. Senate Democrats will also challenge him over his tough immigration stance. … Read more
Donald Trump sits with U. S. Senator Jeff Sessions (R-AL) at Trump Tower in Manhattan, New York, U.S. The main U.S. visa program for technology workers could face renewed scrutiny under President-elect Donald Trump and his proposed Attorney General, Senator Jeff Sessions, a long-time critic of the skilled-worker program. H-1B visas admit 65,000 workers and … Read more