Bloomberg Politics: news on page 597

Tax Bill’s Corporate Benefits Would Come Early, Then Fade, Study Says

Tax Bill’s Corporate Benefits Would Come Early, Then Fade, Study Says

Companies across all industries and sectors would pay an average effective tax rate of 9 percent next year under the Republican tax-overhaul bill, a Penn Wharton Budget Model study said on Tuesday.
Republicans Push to Extend NSA Surveillance Expiring This Month

Republicans Push to Extend NSA Surveillance Expiring This Month

Legislation to extend a major U.S. surveillance program that’s about to expire was being hashed out by Senate and House leaders, and details could be presented by Tuesday night, according to House
Italy's President Paves Way for National Elections in Early 2018

Italy's President Paves Way for National Elections in Early 2018

Italian President Sergio Mattarella signaled he would soon pave the way for national elections early next year, telling political leaders that the parliamentary term was drawing to an end.
GOP Expects House to Pass Tax Bill Today

GOP Expects House to Pass Tax Bill Today

The House and Senate are preparing to vote Tuesday on tax legislation, as Republican lawmakers are poised to approve the bills by securing enough votes without the support of Democrats. Bloomberg
Macron Says Now Not the Time for French Middle-East Peace Plan

Macron Says Now Not the Time for French Middle-East Peace Plan

President Emmanuel Macron said “now is not the time” for France to push an initiative to settle issues between Israel and the Palestinians because the U.S. hasn’t yet presented its own long-awaited
Sen. Brown Says Tax Bill Squeezes Middle Class

Sen. Brown Says Tax Bill Squeezes Middle Class

Senator Sherrod Brown, a ranking member of the Senate Banking Committee and a Democrat from Ohio, talks with Bloomberg's Kevin Cirilli after the Senate Banking Committee rejected Scott Garrett’s
May Tries to Break the Ice With Trump in First Call Since Feud

May Tries to Break the Ice With Trump in First Call Since Feud

Three weeks since their very public transatlantic spat, Prime Minister Theresa May and President Donald Trump made their first attempt to rekindle the so-called special relationship between the U.K.
House GOP to Add $81 Billion Disaster Package to Stopgap Funding

House GOP to Add $81 Billion Disaster Package to Stopgap Funding

House Republican leaders will add $81 billion in hurricane and wildfire recovery aid to a temporary spending bill needed to keep the government open after Friday, as lawmakers in the Senate cobble
Senate Rejects Trump Pick for Ex-Im Bank

Senate Rejects Trump Pick for Ex-Im Bank

Senator Heidi Heitkamp, a member of the Senate Banking Committee and a Democrat from North Dakota, discusses the committee's move to refuse to recommend the confirmation of Scott Garrett as Chairman
Mexican Peso Slumps Most in World After Campaign Finance Report

Mexican Peso Slumps Most in World After Campaign Finance Report

Mexico’s peso led losses among the world’s major currencies after a news report that the Finance Ministry had funneled money to campaigns for politicians from the ruling party.
Nigeria's Buhari Says He'll Punish Corruption in Spy Agency

Nigeria's Buhari Says He'll Punish Corruption in Spy Agency

Nigerian President Muhammadu Buhari pledged to penalize officials involved in diverting more than $43 million cash belonging to the country’s spy agency to a private residence in the city of Lagos.
Ramaphosa’s Narrow ANC Win Cuts Odds of a Quick Zuma Ouster

Ramaphosa’s Narrow ANC Win Cuts Odds of a Quick Zuma Ouster

Cyril Ramaphosa’s victory in a grueling battle to lead South Africa’s ruling party may have been the easy part.
Republicans Help Take Down a Trump Nominee

Republicans Help Take Down a Trump Nominee

The Senate Banking Committee refused to recommend confirmation of Scott Garrett to be chairman of the U.S. Export-Import Bank.
Investors Sour on Fiscal Stimulus as U.S. Tax Cut Nears

Investors Sour on Fiscal Stimulus as U.S. Tax Cut Nears

As U.S. President Donald Trump plans to offer what he calls a "Christmas gift" to American workers and businesses in the form of a tax overhaul bill, global investors are more ambivalent.
Saudi Arabia Sees Higher Oil Revenue as OPEC Cuts Boost Prices

Saudi Arabia Sees Higher Oil Revenue as OPEC Cuts Boost Prices

Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.
Saudi Arabia Sees Non-Oil Economy Rebounding on State Spending

Saudi Arabia Sees Non-Oil Economy Rebounding on State Spending

Saudi Arabia Arab expects its economy to rebound in 2018, a crucial year for Prince Mohammed bin Salman’s blueprint for the post-oil era, as authorities ease an austerity drive that hurt growth.
Jill Stein Is Asked for Documents in Russia Probe

Jill Stein Is Asked for Documents in Russia Probe

The Green Party's 2016 presidential nominee says she's cooperating with a request for documents from a Senate committee probing Russian meddling in the U.S. election.
Fed Officials Doubt Tax Cuts Will Create Investment or Hiring Boom

Fed Officials Doubt Tax Cuts Will Create Investment or Hiring Boom

Two Federal Reserve officials, both former Goldman Sachs Group Inc. executives, expressed doubt corporate tax cuts under consideration in Congress will lead to an investment or hiring boom.
May Insists on 'Bespoke' Trade Deal in Face of EU's Rebuttal

May Insists on 'Bespoke' Trade Deal in Face of EU's Rebuttal

Prime Minister Theresa May is pushing for a made-to-order trade deal with the European Union -- despite the bloc’s insistence such a scenario is out of the question.
Who’s Who in the New Leadership of South Africa’s ANC

Who’s Who in the New Leadership of South Africa’s ANC

South Africa’s ruling African National Congress named its new leadership on Monday following one of the most hotly contested elections in the 105-year-old party’s history.