Bloomberg Politics: news on page 113

Democrats Target Wall Street With Financial Trade Tax Proposal

Democrats Target Wall Street With Financial Trade Tax Proposal

Wall Street would bear the brunt of the latest tax proposal as Democrats jockey for the most progressive tax ideas with the approach of the 2020 elections.
Senators Try to Limit Trump’s Tariff Power While He Seeks More

Senators Try to Limit Trump’s Tariff Power While He Seeks More

A bipartisan group of U.S. senators launched a new attempt to curtail Donald Trump’s power to impose tariffs amid an escalating campaign by business groups to force congressional action and the
Beer Tax Cut Wins Bipartisan Support

Beer Tax Cut Wins Bipartisan Support

One of the loudest critics of President Donald Trump’s tax law has found something to like about it: lower taxes on beer and wine.
Trump Calls for More Legal Immigration After Pushing to Cut It

Trump Calls for More Legal Immigration After Pushing to Cut It

President Donald Trump said Wednesday that he stands by a few words ad-libbed into his State of the Union address and wants more legal immigration to the U.S. -- an apparent reversal of his
Venezuela-Colombia Bridge Blocked to Keep Out Humanitarian Aid

Venezuela-Colombia Bridge Blocked to Keep Out Humanitarian Aid

President Nicolas Maduro’s authoritarian regime seems to be serious about its threat to block humanitarian aid from entering Venezuela.
Sen. Ron Johnson on Border Wall, Trade, Wisconsin's Deal With Foxconn

Sen. Ron Johnson on Border Wall, Trade, Wisconsin's Deal With Foxconn

Sen. Ron Johnson, a Wisconsin Republican, discusses the debate over border security, U.S. trade policy and Wisconsin's $4.5 billion deal with Foxconn. He speaks with Bloomberg's Scarlet Fu and
Former Fed Chief Yellen Says Rates Next Move Could Be Up or Down

Former Fed Chief Yellen Says Rates Next Move Could Be Up or Down

Former Federal Reserve Chair Janet Yellen said the U.S. central bank must rely on incoming economic data to determine if its next policy move will be up or down, while likening the current moment to
Brazil Keeps Key Rate Unchanged on Tame Prices and Weak Demand

Brazil Keeps Key Rate Unchanged on Tame Prices and Weak Demand

Brazil held its benchmark interest rate unchanged on Wednesday and signaled that Congress needed to approve cost-cutting measures before borrowing costs can fall.
Democrats Put GOP in Hot Seat With a Month of Climate Hearings

Democrats Put GOP in Hot Seat With a Month of Climate Hearings

Democrats kicked off a month of congressional hearings on global warming, a focus meant to put Republicans on the defensive and showcase the need for action amid devastating storms, raging wildfires
Trump Taps Global-Order Critic Malpass to Lead World Bank

Trump Taps Global-Order Critic Malpass to Lead World Bank

President Donald Trump nominated senior Treasury official David Malpass to lead the World Bank, choosing a loyalist who has been sharply critical of China and has called for a shakeup of the global
Virginia Democrats Face Triple Scandal Combining Race and #MeToo

Virginia Democrats Face Triple Scandal Combining Race and #MeToo

In the capital of the former Confederacy, three top Democratic officials are being engulfed by widening scandals that evoke the South’s ugly history on race as well as the more recent accounting of
Tusk’s ‘Place in Hell’ Jibe Reflects Fear and Frustration in Brussels

Tusk’s ‘Place in Hell’ Jibe Reflects Fear and Frustration in Brussels

Theresa May heads to Brussels on Thursday seeking legally-binding changes to the Brexit deal she reached last year with her European Union counterparts, with little sign the two sides are close to a
Federal Financial Watchdog to Gut Most of Its Payday Lending Rules

Federal Financial Watchdog to Gut Most of Its Payday Lending Rules

New York (AP) -- The nation's federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders.
Virginia Attorney General Says He Wore Blackface at College Party

Virginia Attorney General Says He Wore Blackface at College Party

Richmond, Va. (AP) -- The political crisis in Virginia exploded Wednesday when the state's attorney general confessed to putting on blackface in the 1980s and a woman went public with detailed
Former Michigan Lawmaker John Dingell in Hospice Care

Former Michigan Lawmaker John Dingell in Hospice Care

Detroit (AP) -- Former Rep. John Dingell, the longest-serving member of Congress in American history, is receiving hospice care, a person familiar with the situation said Wednesday.
IMF Says Italy Falls Short on Reforms, Growth Below 1% Seen

IMF Says Italy Falls Short on Reforms, Growth Below 1% Seen

Italy’s government is falling short on needed reforms while annual economic growth is projected to stay below 1 percent through 2023, the IMF said.
Court Rules Medical Diagnostic Can’t Be Patented, Leaving Biotech in ‘Legal Mess’

Court Rules Medical Diagnostic Can’t Be Patented, Leaving Biotech in ‘Legal Mess’

A way to diagnose a severe neurological disorder can’t be patented as it covers a law of nature, a U.S. appeals court ruled Wednesday in a closely watched case that sought to clarify the patenting for
What a World Bank Critic Might Do as Its President

What a World Bank Critic Might Do as Its President

President Donald Trump’s nomination of David Malpass could mean change is in store for the development lender.
Trump Says All Islamic State Land to Be Won Back by Next Week

Trump Says All Islamic State Land to Be Won Back by Next Week

President Donald Trump said the U.S. military and its allies will probably control all territory once held by Islamic State by next week.