Bloomberg Politics: news on page 586

Trudeau Sees Pot Legalized by Summer as Law Sits in Senate

Legalized marijuana is coming to Canada next year, but precisely when remains difficult to nail down.
Trump Adviser Gary Cohn Explains Why He Won’t Buy Bitcoin

Trump Adviser Gary Cohn Explains Why He Won’t Buy Bitcoin

Asked Wednesday whether he owns bitcoins or would buy them, Cohn said, “No.”
Ugandan Lawmakers Move Closer to Removing Presidential Age Limit

Ugandan Lawmakers Move Closer to Removing Presidential Age Limit

Uganda’s ruling party secured more than the two-thirds majority that’s required to amend the constitution, paving the way for a final parliamentary vote on lifting presidential age limits.
Cohn Says He’s Dumbfounded by Tax Plan’s Unpopularity

Cohn Says He’s Dumbfounded by Tax Plan’s Unpopularity

White House economic adviser Gary Cohn said he was dumbfounded by the unpopularity of the Republican tax bill, and claimed that President Donald Trump fought unsuccessfully to strip a provision that
U.K. Spy Chiefs Say Brexit Data-Sharing Deal Vital to Security

U.K. Spy Chiefs Say Brexit Data-Sharing Deal Vital to Security

Britain’s intelligence chiefs have warned that a failure to agree data-sharing rules after Brexit could threaten security both in the U.K. and the European Union.
Tie Vote Declared in Pivotal Virginia House District

Tie Vote Declared in Pivotal Virginia House District

A court has now declared a tie in a Virginia legislative election that one day earlier appeared to have gone to a Democrat by a single vote, the latest dramatic twist in a contest likely to decide
Tweet Over Legendary Turkish Officer Stirs Erdogan-U.A.E. Feud

Tweet Over Legendary Turkish Officer Stirs Erdogan-U.A.E. Feud

President Recep Tayyip Erdogan thrust himself into the center of a World War I confrontation Wednesday.
Defense Is Top Item in Saudi Budget as Yemen Fighting Rages On

Defense Is Top Item in Saudi Budget as Yemen Fighting Rages On

Saudi Arabia intends to spend more on defense than anything else next year as its war against Shiite rebels in neighboring Yemen shows no signs of abating.
South Africa's Ruling ANC Faces Funds Squeeze as Election Looms

South Africa's Ruling ANC Faces Funds Squeeze as Election Looms

South Africa’s ruling party is broke and plans to seek more money from taxpayers and cut staff costs to turn around is finances.
EU Sanctions Risk for Poland Rises on Democratic Backsliding

EU Sanctions Risk for Poland Rises on Democratic Backsliding

The European Union called on national governments to discipline Poland for failing to uphold the bloc’s democratic values, recommending an unprecedented process that could lead to economic sanctions
Polls Show GOP Tax Plan Lacks Public Support

Polls Show GOP Tax Plan Lacks Public Support

The most extensive rewrite of U.S. tax legislation in more than 30 years passed the Senate early Wednesday, with a second vote pending in the House. Bloomberg's Stephanie Baker examines how the plan
Pro-Spain Catalans to Punish Rajoy for Timid Separatist Response

Pro-Spain Catalans to Punish Rajoy for Timid Separatist Response

Mariano Rajoy’s People’s Party is facing substantial losses in Thursday’s Catalan elections as pro-Spain voters punish the prime minister for his cautious response to the push for independence.
Barnier: U.K. Can't Have an `A La Carte' Transition

Barnier: U.K. Can't Have an `A La Carte' Transition

European Union chief Brexit negotiator Michel Barnier speaks at a news conference in Brussels about the U.K.'s transition period, which will come to an end on Dec. 31, 2020. (Source: Europe by
President Trump Will Claim Victory on Tax Reform

President Trump Will Claim Victory on Tax Reform

Bloomberg’s Kevin Cirilli discusses U.S. tax reform and coming comments from President Trump. He speaks with Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)
May Says EU Will Learn It Needs City of London: Brexit Update

May Says EU Will Learn It Needs City of London: Brexit Update

Theresa May is giving evidence to Parliament’s most powerful panel of politicians: the Liaison Committee. This group is made up of the chairs of all the specialist select committees in the House of
Arctic Refuge Just the Start of Trump’s Move to Unlock Alaska Oil

Arctic Refuge Just the Start of Trump’s Move to Unlock Alaska Oil

Drilling for crude in the Arctic National Wildlife Refuge may be just the start as President Donald Trump seeks to revive Alaska’s beleaguered oil industry.
Christmas Comes Early for Trump With Tax Victory

Christmas Comes Early for Trump With Tax Victory

After a year of infighting, frustration and failure, President Donald Trump and his Republicans finally have something to celebrate.

U.S. Urges Russia to End Latest Upsurge in East Ukraine Attacks

The U.S. urged Russia to halt a renewed bout of fighting in the four-year conflict in eastern Ukraine following the Kremlin’s decision to withdraw from a military-monitoring mission.
Is Trump Making the Economy Great Again? Kind Of.

Is Trump Making the Economy Great Again? Kind Of.

Before Trump’s inauguration, we picked the best indicators to judge the impact of his policies and determine whether the economy is living up to Trump’s pre-election promises. Now, almost a year
How the Tax Bill Will Affect Eight American Families

How the Tax Bill Will Affect Eight American Families

From multimillionaires to struggling renters, most everyone will get more money initially. But there is bad news on the horizon.