Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
President Donald Trump and congressional Republicans have pledged to overhaul the nation's complex tax code. To slash taxes, they say they'll curb a web of expensive deductions and credits to allow more revenue to flow to the government.
Hurricane Harvey pummeled the Houston area with an unprecedented four feet of rain, making it the most extreme rain event in U.S. history. Cars and houses are underwater, and thousands of people have needed or await rescue.
Workers begin repairs to a wall that was lost in the wake of Hurricane Harvey on Wednesday, in Rockport, Texas. A friend sent a photo to Jaime Botello's phone Wednesday that confirmed his fears: The house where his family has lived for 30 years is completely flooded.
At the end of last year's presidential campaign, a sufficient number of voters in just the right places elected Donald Trump to go shoot up Washington and fundamentally change the way it operates. In fact, 30 weeks after he took office Trump is still shooting wild words and tweets at most anyone who criticizes him, hints at criticizing him or just moves.
Last week I heard BBC announce the 10th anniversary of the beginning of the financial crisis. This is dated to the decision by the French bank BNP Paribas to prohibit withdrawals from two hedge funds that were heavily invested in subprime mortgage backed securities.
Mississippi's top insurance regulator and its only Democratic congressman are both ready to cede some of the federal flood insurance market to private insurers. Both Republican Insurance Commissioner Mike Chaney and U.S. Rep. Bennie Thompson say they're open to proposals being considered in Congress that would make it possible for private insurers to enter the market in a big way.
In Reflections on a Ravaged Century , his classic study of twentieth-century politics, Robert Conquest emphasized that democratic capitalism was far and away "the best and most hopeful arrangement available to us" in the real world . Compared with what prevailed and still prevails in Russia, China, and other communist and formerly communist states, Western democracy is a paradise of freedom and opportunity.
The U.K. economy is cooling and Brexit hasn't even happened yet. The outlook for business investment is getting worse, according to the Bank of England, while real wages are falling.
U.S. investigators examining money laundering accusations against President Donald Trump's former campaign manager Paul Manafort hope to push him to cooperate with their probe into possible collusion between Trump's campaign and Russia, two sources with direct knowledge of the investigation said. Special Counsel Robert Mueller's team is examining Manafort's financial and real estate records in New York as well as his involvement in Ukrainian politics, the officials said.
Republican plans for tax reform could be less sweeping than originally envisioned by the White House and GOP leaders in Congress, as a provision in a House GOP budget blueprint would require any tax bill to be 'budget neutral,' which would force lawmakers to offset any tax cuts with revenue increases that could be difficult in some cases to gain approval. Deep in the fine print of the budget resolution for next year, the Republican plan allows for a tax reform bill under budget reconciliation, "if such measure would not increase the deficit for the total of fiscal years 2018 through 2027."
The last thing Republicans on Capitol Hill apparently want the Consumer Financial Protection Bureau to do is actually protect financial consumers. That would explain the angry GOP reaction whenever the bureau announces new rules, such as one this week to stop big financial institutions from imposing mandatory arbitration agreements on consumers who have legal grievances.
It was co-sponsored by Congresswoman Marcia L. Fudge and 5 others. The bill directs the Department of Housing and Urban Development and Federal Housing Finance Agency to create a pilot program for creditworthy student debt holders to transform their student debt into an opportunity to purchase and own a home.
Congressman quits because he can't make it on $174,000. In his home state, low-income residents can't find housing In an interview published last Tuesday, Rep. Jason Chaffetz, R-Utah, proposed a $2,500 housing stipend for members of Congress to more easily afford housing at home and in Washington.
"There comes a point where you gotta get off the crazy train," he told Fox News. "I happen to have a wife I love and kids I adore and two of our three kids are now married and they're moving away, we're about to become empty-nesters.
Congressman Jason Chaffetz closes out his career in Congress this Friday Starting next month, he will be working at Fox News. Chaffetz gave an interview to his new employer today in which he once again claimed his decision was about his family.
GMFS Mortgage, one of the fastest growing residential mortgage companies in the U.S., is celebrating a grand opening in Frisco, Texas. Frisco's rapid growth and recent accomplishments, Best Place to Live and Best Places to Relocate , make it an attractive location for the residential mortgage lender.
Different factions of the House disagree about what shape tax reform should take, and the Senate has several plans. The White House doesn't have a plan yet.
Michael Sammons, proceeding pro se, brought a takings claim against the United States. The district court concluded that, under the Tucker Act, Sammons must pursue his claim in the Court of Federal Claims , so it dismissed for want of subject-matter jurisdiction.