Bloomberg Politics: news on page 704

GOP’s Dueling Tax Overhauls Struggle to Pass a Key Red-Ink Test

GOP’s Dueling Tax Overhauls Struggle to Pass a Key Red-Ink Test

Both plans contain nearly $1.5 trillion in red ink in the first 10 years.
Utilities Push for Electric Car Tax Credit While Ford Stays Neutral

Utilities Push for Electric Car Tax Credit While Ford Stays Neutral

In a letter to House Ways and Means Chairman Kevin Brady, longtime Ford Motor Co. lobbyist Ziad Ojakli thanked the Texas Republican for his work to advance tax reform, especially slashing the

Xi Mounts Fresh Defense of Globalization in Contrast to Trump

Chinese President Xi Jinping offered a robust defense of globalization in a speech to Asian business leaders on Friday, calling on nations to keep their economies open for shared prosperity.
Tillerson Says He Envisions U.S.-North Korea Talks

Tillerson Says He Envisions U.S.-North Korea Talks

Secretary of State Rex Tillerson said Friday he can envision the U.S. and North Korea agreeing to hold talks at some point as a precursor to formal negotiations.
Slovenian President Set to Beat Ex-Comic in Runoff

Slovenian President Set to Beat Ex-Comic in Runoff

Slovenian President Borut Pahor has one obstacle on his path to re-election: a comedian-turned-mayor who vows to shake up the political establishment and replace the head of the central bank.
Trump Offers Trade to Asian Nations But Only If They Play Fair

Trump Offers Trade to Asian Nations But Only If They Play Fair

President Donald Trump told Asian nations eager for the U.S. to stay committed to the region that he would no longer join multilateral deals like the Trans-Pacific Partnership but would seek bilateral
Modi Approves $14 Billion for India’s Rural Road Network

Modi Approves $14 Billion for India’s Rural Road Network

Prime Minister Narendra Modi is planning to spend an additional 900 billion rupees ($14 billion) to provide road connectivity in India’s remote villages by March 2020, officials with knowledge of the
Trump Scraps Possible Formal Meeting With Putin

Trump Scraps Possible Formal Meeting With Putin

President Donald Trump will not meet formally with Russian President Vladimir Putin at an Asia-Pacific summit in Vietnam this week due to a scheduling conflict, the White House said Friday, amid U.S.
AT&T Clash in D.C. Threatens Chill on Consolidation in Media

AT&T Clash in D.C. Threatens Chill on Consolidation in Media

The sudden resistance from regulators isn’t just a potential setback for the telecom giant. It’s a warning shot to other media companies
Trump’s Secret Weapon: The Hidden Ties That Bind Israel, Saudis

Trump’s Secret Weapon: The Hidden Ties That Bind Israel, Saudis

Israelis talk about when, not if, they’ll fight Hezbollah again.

Podesta Group Unravels as CEO Plans to Take Clients to New Firm

Less than two weeks after Democratic mega-lobbyist Tony Podesta stepped down from his firm amid questions over its foreign work, one of Washington’s most prominent lobbying shops is unraveling as its

Tax Breaks for Oil, Wind, Electric Cars Survive in Senate Bill

Tax breaks cherished by both the fossil fuel and renewable energy industries emerged unscathed in a tax plan unveiled in the U.S. Senate, according to details of the bill released Thursday evening by
Irish Border Throws Unexpected Hurdle Into Brexit Talks

Irish Border Throws Unexpected Hurdle Into Brexit Talks

The future of the Irish border erupted unexpectedly into Brexit talks this week, as the European Union made new demands on Britain that risk distracting from efforts to reach a breakthrough by
Russian Lawyer in Trump Meeting Looms—Silently—Over Hearing

Russian Lawyer in Trump Meeting Looms—Silently—Over Hearing

Natalia Veselnitskaya, the lawyer at the center of a U.S. investigation into Russia’s meddling in the 2016 presidential vote, loomed over a New York court hearing late Thursday much the same way she

House to Query Russian-American Lobbyist on Trump Jr. Meeting

A former Soviet military counterintelligence officer who attended a June 2016 meeting with President Donald Trump’s oldest son is set to be interviewed next week by the House Intelligence Committee,
How the House and Senate Tax Plans Stack Up

How the House and Senate Tax Plans Stack Up

House and Senate negotiators will need to reconcile key differences in the two proposals.

Menendez Juror Speaks in Defense of Senator After Being Excused

A juror who was excused from deliberations in the bribery trial of Senator Robert Menendez said she would have voted against convicting the New Jersey Democrat on all counts but the remaining

Business Lobby Cheers Committee's Action on House Tax Measure

Business groups applauded committee passage of the House bill to overhaul the U.S. tax code, including the National Federation of Independent Business, which reversed its initial opposition to the
Jewelers  Are Still Struggling a Year After India’s Cash Ban

Jewelers Are Still Struggling a Year After India’s Cash Ban

For jewelers in the world’s second-largest gold market, business is yet to recover from the slump that followed India’s decision to ban high-value currency notes a year ago. Ask Bachhraj Bamalwa, who
Facebook, Twitter to Provide Data on Energy Market Manipulation

Facebook, Twitter to Provide Data on Energy Market Manipulation

Facebook Inc., Twitter Inc. and Google parent Alphabet Inc. agreed to turn over information to Congress on Russian entities purchasing ads that may have been used to manipulate U.S. energy markets,