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.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
