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Asian and European share benchmarks were mostly lower Friday as investors shrugged off upbeat data from Japan and waited to see if U.S. politicians could pass tax reform legislation before Christmas. KEEPING SCORE: European shares opened lower.
AP Reporter Stephen Ohlemacher looks at the details of the tax legislation that's being pushed by President Donald Trump and considered by a conference of House and Senate lawmakers on Capitol Hill.
The tax bill compromise reached by House and Senate negotiators now won't be unveiled until Monday. And at least one new Republican defector may make it difficult for Congressional Republicans to get the measure to President Donald Trump 's desk before his Christmas deadline.
House Homeland Security Chairman Michael McCaul, R-Texas, is tantalizingly close to achieving one of his top remaining cybersecurity goals - a year before he gives up the gavel after six years of running the committee - in creating a prominent, stand-alone cybersecurity agency within the Department of Homeland Security. The Cybersecurity and Infrastructure Security Agency Act was unanimously approved by the House on Dec. 11, and the fate of McCaul's bill is now in the hands of Senate Homeland Security and Governmental Affairs Chairman Ron Johnson, R-Wis., and other senators, who apparently want to make some last-minute tweaks to the measure.
Republican Sen. Marco Rubio declared Thursday he will vote against the GOP'S sweeping tax package unless negotiators expand its child tax credit, jeopardizing the Republicans' razor-thin margin as they try to muscle the $1.5 trillion bill through Congress next week.
Republican Sen. Marco Rubio declared Thursday he will vote against the GOP'S sweeping tax package unless negotiators expand its child tax credit, jeopardizing the Republicans' razor-thin margin as they try to muscle the $1.5 trillion bill through Congress next week. Rubio wants to increase the portion of the basic $2,000-per-child tax credit that would go to low-income families.
U.S. Senate Republicans are working on an overhaul of the federal tax system they say will provide tax breaks. Critics argue those breaks will mostly benefit the wealthy.
Sen. Marco Rubio says he's a "no" vote on the GOP tax bill - at least in its current form. Rubio says he wants the plan to expand the child tax credit so that it can help low-income families that pay payroll taxes but not regular income taxes.
Parts of a letter written by Sen. Ron Johnson, R-Wis., to FBI director Christopher Wray are photographed in Washington, Thursday, Dec. 14, 2017. Johnson says edits to a draft FBI statement on the Hillary Clinton email investigation appear to have watered down the significance of the bureau's findings.
As the 2018 farm bill continues to take shape, the House Agriculture Committee has launched a landing page on its website with information and updates related to the process. Available through the committee's current website at agriculture.house.gov/farmbill, the new resource offers users videos, facts, background and news updates.
WASHINGTON -- Rep. Leonard Lance has been tapped to lead an ethics investigation against a Texas lawmaker accused of sexual harassment. It will be the first such case against a sitting member of Congress since the high-profile resignations of several lawmakers, including U.S. Sen. Al Franken.
NOVEMBER 30: Sen. John McCain (R-AZ) moves through the U.S. Capitol in a wheelchair November 30, 2017 in Washington, DC. The Senate is debating the proposed GOP tax reform bill and hopes to pass it before the end of the week. (Photo by Chip Somodevilla/Getty Images)
Speaker of the House Paul Ryan, R-Wis., meets with reporters to answer questions on the tax bill and sexual misconduct on Capitol Hill, in Washington, Thursday, Dec. 14, 2017.
Maine Sen. Susan Collins voted for the Senate GOP tax plan despite its repeal of the individual mandate because GOP leadership promised her a vote on her reinsurance bill, and a vote on legislation to restore some payments to insurers.
Texas Republican Rep. Blake Farenthold won't seek re-election next year, two Republicans said Thursday, adding his name to the list of lawmakers leaving Congress amid sexual harassment allegations that have cost powerful men their jobs in politics, the arts and other businesses. The accusations against Farenthold first surfaced in 2014, when a former aide sued him over sexually suggestive comments and behavior and said she'd been fired after she complained.
The Republicans' razor-thin margin for driving their sweeping tax package through the Senate was thrown into jeopardy Thursday when GOP Sen. Marco Rubio declared he will vote against it unless negotiators expand the tax credit that low-income Americans can claim for their children. Rubio's potential defection complicates Republican leaders' goal of muscling the $1.5 trillion bill through Congress next week, handing President Donald Trump his first major legislative victory by Christmas.