Bloomberg Politics: news on page 626

Citigroup CFO Sees $20 Billion Hit If Senate Tax Bill Signed

Citigroup CFO Sees $20 Billion Hit If Senate Tax Bill Signed

Citigroup Inc. expects to take a noncash charge to earnings of about $20 billion if the U.S. Senate’s version of the tax reform bill is enacted, Chief Financial Officer John Gerspach said.
U.K. Business Leader Says Brexit Chaos Is Looming Over Everything

U.K. Business Leader Says Brexit Chaos Is Looming Over Everything

With Prime Minister Theresa May’s Brexit plans up in the air, the world of business looks on disconcerted -- banks especially are close to their point-of-no-return.
Brazil Cuts Key Rate to Record Low as Easing Cycle Nears End

Brazil Cuts Key Rate to Record Low as Easing Cycle Nears End

Brazil cut its key rate by 50 basis points, bringing benchmark borrowing costs in Latin America’s largest nation to a record low, and signaled a slower pace of easing at its next meeting.

Turkish Banker's Lawyer Blames Laundering on Others at Halkbank

Lawyers for a Turkish banker accused of aiding an Iran sanctions-evasion plot are pointing the finger at his colleagues.
Jerusalem Divides Trump’s Team and Complicates Kushner’s Peace Plan

Jerusalem Divides Trump’s Team and Complicates Kushner’s Peace Plan

President Donald Trump’s decision to recognize Jerusalem as Israel’s capital divided his top advisers and at best complicates an effort to restart peace talks between the Israelis and Palestinians
House Passes Bill Requiring States Recognize Concealed Gun Permits

House Passes Bill Requiring States Recognize Concealed Gun Permits

The Senate is considering a similar law, making it more likely all Americans will be able to secretly carry firearms across state lines.
World Leaders Condemn Trump Jerusalem Move, Warn of Violence

World Leaders Condemn Trump Jerusalem Move, Warn of Violence

Speaking at the White House on Wednesday, Trump said “it is time to officially recognize Jerusalem as the capital of Israel” and that the U.S. would start the process of moving its embassy to the
Freedom Caucus Raises Spending Concerns as Shutdown Looms

Freedom Caucus Raises Spending Concerns as Shutdown Looms

A faction of conservative Republicans is raising warnings about federal spending, two weeks after backing tax-cut legislation that would raise federal deficits by $1 trillion over the next decade.

France's Macron Criticizes Trump's Decision on Jerusalem

French President Emmanuel Macron said he regretted U.S. President Donald Trump’s decision to recognize Jerusalem as Israel’s capital, repeating that France favors a two-state solution.

House Overwhelmingly Votes to Kill Resolution to Impeach Trump

Washington (AP) -- House overwhelmingly votes to kill resolution from Democratic lawmaker to impeach President Trump.
Trump's Jerusalem Move Changes Equation for Mideast Peace

Trump's Jerusalem Move Changes Equation for Mideast Peace

On "Bloomberg Markets," Bloomberg's Margaret Talev and Michael Arnold report on President Donald Trump's recognition of Jerusalem as Israel’s capital. (Source: Bloomberg)
On Twitter, Farmers Are Begging Trump Not to Bail on Nafta

On Twitter, Farmers Are Begging Trump Not to Bail on Nafta

Farmers showed up at the polls for Trump. Now they want him to do the same for them on NAFTA.

Trump Paints Picture of 6% Growth, Passing Even the Rosiest Forecasts

President Donald Trump is painting a picture of U.S. economic growth that’s well beyond even the rosiest of forecasts: 6 percent.
Trump Recognizes Jerusalem as Capital of Israel

Trump Recognizes Jerusalem as Capital of Israel

At the White House on Wednesday, President Donald Trump recognized Jerusalem as Israel’s capital. (Source: Bloomberg)
Trump Recognizes Jerusalem as Israeli Capital in U.S. Shift

Trump Recognizes Jerusalem as Israeli Capital in U.S. Shift

President Donald Trump on Wednesday recognized Jerusalem as Israel’s capital and announced he would begin moving the U.S. embassy there, despite warnings from leaders across the globe that the move
Flynn Said Russia Sanctions Would Be Nixed, According to a Whistle-Blower

Flynn Said Russia Sanctions Would Be Nixed, According to a Whistle-Blower

Former national security adviser Michael Flynn promised a business associate before the inauguration of Donald Trump that U.S. sanctions with Russia would be "ripped up" by the incoming
May Is Preparing Another Brexit Proposal for Ireland

May Is Preparing Another Brexit Proposal for Ireland

Prime Minister Theresa May is not giving up. In the latest twist to the Brexit saga, she is preparing another proposal to submit to Ireland within 24 hours in a dash to meet the European Union’s
Franken Faces Calls to Resign From Female Senators

Franken Faces Calls to Resign From Female Senators

At least five Democratic women in the U.S. Senate have issued statements nearly simultaneously saying Al Franken should resign, amid multiple accusations of inappropriate behavior with women.
Trump Says GDP of '4, 5, and Even 6%' Is Possible

Trump Says GDP of '4, 5, and Even 6%' Is Possible

U.S. President Donald Trump spoke about the "Giant" tax cuts being negotiated by the House and Senate while touting stock market gains and his expectations for economic growth in comments to reporters
House Votes to Kill Resolution to Impeach Trump

House Votes to Kill Resolution to Impeach Trump

The House overwhelmingly voted Wednesday to kill a resolution from a liberal Democratic lawmaker to impeach President Donald Trump as a majority of Democrats joined Republicans in opposing the move.