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On the eve of a crucial Senate vote on regulatory relief, the split in the Democratic caucus over rolling back the Dodd-Frank Act has never been starker. Lawmakers on Tuesday voted 67 to 32 to begin debating the targeted relief bill that Senate Banking Committee Chairman Mike Crapo, R-Idaho, negotiated with moderate Democrats on the panel.
In passing President Trump's tax cut bill, Congress approved a new program that allows investors to defer paying taxes on capital gains if they invest in "Opportunity Zones." The Investing in Opportunity Act, sponsored by Sens. Cory Booker, D-N.J., and Tim Scott, R-S.C., allows community development financial institutions to create Opportunity Funds that invest in Opportunity Zones.
The world's largest generic drug maker, Teva Pharmaceutical Industries, has refused to fully cooperate with a Senate investigation into whether major opioid manufacturers contributed to the deadly drug epidemic, according to Sen. Claire McCaskill, D-Mo., who is leading the Senate probe. Teva has answered some of McCaskill's questions, providing the Senate committee with general information about its efforts to track and report suspicious orders for its opioid prescriptions, according to a series of letters between McCaskill and the company.
In this Jan. 30, 2018, file photo, Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, second from left, arrives with Treasury Secretary Steven Mnuchin, right, at the Senate Banking Committee on Capitol Hill in Washington.
Republicans in Congress are frantically lobbying President Trump to water down his proposal to slap steep new tariffs on steel and aluminum imports, fearing the move would spark a trade war and damage the U.S. economy just eight months before the 2018 elections. Republican Speaker of the House from Wisconsin Paul Ryan speaks to the media about President Trump's planned steel and aluminum tariffs during a press conference in the US Capitol in Washington, DC, March 6, 2018.
The U.S. Senate on Tuesday voted 67-32 in favor of beginning to debate a bipartisan bill that would ease rules for mid-sized and small lenders introduced following the 2007-2009 financial crisis. FILE PHOTO: Chairman of the Senate Banking, Housing, and Urban Affairs Committee Mike Crapo hearing listens to testimony from Federal Reserve Chairman Janet Yellen on the "Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington, U.S., February 14, 2017.
The Latest on President Donald Trump's new tariffs on imports of steel and aluminum : House Speaker Paul Ryan says he's encouraged the White House may reconsider blanket tariffs on steel and aluminum as he urges President Donald Trump take a more "surgical" approach on China and other countries. Ryan told reporters Tuesday, "I'm encouraged" as a result of ongoing talks with the White House over the tariffs.
Scrambling to head off what some GOP lawmakers fear would be economically counter-productive tariffs backed by President Donald Trump on imported steel and aluminum, House Speaker Paul Ryan on Tuesday publicly called on the White House to focus such trade duties on specific countries, not on all nations sending those products to the United States. "I think the smarter way to go is to make it more surgical and more targeted," Speaker Ryan told reporters at a Tuesday news conference when asked about his differences with the President on trade.
From left, President Donald Trump, chief economic director Gary Cohn and budget director Mick Mulvaney sit for a radio interview last year. From left, President Donald Trump, chief economic director Gary Cohn and budget director Mick Mulvaney sit for a radio interview last year.
A group of more than 100 pastors will visit the South Carolina State House this week, visiting with top statewide officials and meeting members of the legislature as part of " Pastor's Day 2018 ." The visit - organized by Palmetto Family - comes amid a contentious debate over this year's personhood legislation, which has tied the State Senate in knots for several weeks.
This news site has zero use for fiscal liberals who masquerade as "Republicans." Nor do we have any use for "Republicans" who get elected by Democrats .
In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: "We're not backing down."
In this Jan. 10, 2018, file photo Sen. Thad Cochran, R-Miss., returns to the Capitol for a vote in Washington. Cochran tells The Associated Press he will resign April 1 because of health problems.
The resiliency of the status quo is again on display. After much chin wagging and finger pointing after the Italian elections and the modest decline in Italian assets, they have bounced back today.
This year's midterm elections officially kick off Tuesday with the Texas primaries, where voters will sift through jam-packed fields of Democratic candidates vying to take on vulnerable Republican members of Congress. Polls open at 7 a.m. CST and close at 7 p.m. CST.Democrats are running in all of Texas' 36 congressional districts for the first time in 25 years.Democrats have an edge in early voting, a notable, though limited, gauge of voter enthusiasm in what's been a reliably red state.Candidates must top 50% in their primary, or the top two finishers will head to a runoff election in six weeks.Incumbent Republican Sen. Ted Cruz and Democratic Rep. Beto O'Rourke are likely to win their respective primaries.
San Antonio's former Democratic mayor Julian Castro predicts that Tuesday's primary election in Texas will be the first sign of growing Democratic strength ahead of the 2018 midterm elections. "What we're going to see on Tuesday is a tremendous amount of Democratic enthusiasm," Castro, who served as Housing and Urban Development secretary under President Barack Obama and is considering a presidential run in 2020, told ABC News' Rick Klein on the Powerhouse Politics podcast.
In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: "We're not backing down."
Republicans and Democrats put aside the sectarian hostilities that have increasingly defined this town and came together on the baseball diamond Thursday, a year after bullets from a would-be mass assassin shook Congress to its core. Democrats prevailed 21-5 in the 57th Congressional Baseball Game for Charity at Nationals Park.
In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: "We're not backing down."
U.S. trade representative Robert Lighthizer adjusts his headset during a news conference regarding the seventh round of NAFTA renegotiations Monday in Mexico City. WASHINGTON – In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war.