Bloomberg Politics: news on page 723

House Tax Proposal Seen Hiking Bills on Some Lower Earners Long Term

House Tax Proposal Seen Hiking Bills on Some Lower Earners Long Term

Congressional Republicans scrambled on Sunday to respond to economic studies that suggest the House’s tax-overhaul bill would benefit the highest earners most in the long run and would fail to pay for

Berlusconi Coalition Seen Taking Sicily Before 2018 Election

A coalition backed by former Italian Prime Minister Silvio Berlusconi appeared headed for a narrow victory in Sunday’s regional vote in Sicily, defeating a populist challenge ahead of next year’s
After ‘Paradise Papers,’ Democrats Call on GOP to Slow Down Tax Bill

After ‘Paradise Papers,’ Democrats Call on GOP to Slow Down Tax Bill

House Republicans should slow down their consideration of a tax-overhaul bill after investigative reports Sunday alleged offshore tax-avoidance by U.S. multinational companies including Apple Inc. and
Weakened Trump Looks to the ‘King of China’ to Give Him a Boost

Weakened Trump Looks to the ‘King of China’ to Give Him a Boost

Shortly after Donald Trump’s surprise election win, Barack Obama gave some advice to President Xi Jinping in the final minutes of their last meeting as leaders of the world’s biggest economies.
26 Killed in Church Attack in Texas' Deadliest Mass Shooting

26 Killed in Church Attack in Texas' Deadliest Mass Shooting

Sutherland Springs, Texas (AP) -- A man dressed in black tactical-style gear and armed with an assault rifle opened fire inside a church in a small South Texas community on Sunday, killing 26 people
Crackdown on Billionaires and Other Top Officials Shakes Up Saudi Arabia

Crackdown on Billionaires and Other Top Officials Shakes Up Saudi Arabia

Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning.
Congo Plans to Hold Presidential Elections in December 2018

Congo Plans to Hold Presidential Elections in December 2018

The Democratic Republic of Congo will hold delayed presidential elections on Dec. 23, 2018, the electoral commission said, a year later than opponents of President Joseph Kabila have demanded.
Hezbollah Chief Says Saudi Arabia Behind Lebanon PM Resignation

Hezbollah Chief Says Saudi Arabia Behind Lebanon PM Resignation

The chief of Lebanon’s Iran-backed Hezbollah group said Saudi Arabia was behind Prime Minister Saad Hariri’s abrupt resignation, adding that the reasons he gave for stepping down did not align with
Catalan Saga Takes New Twist as Puigdemont Turns Himself In

Catalan Saga Takes New Twist as Puigdemont Turns Himself In

Ousted Catalan President Carles Puigdemont turned himself in voluntarily to Belgian police on Sunday in a fresh twist that brings to 15 the number of political figures who are being detained and could

What Saudi-Watchers Are Saying About the Prince's Corruption Crackdown

Saudi Arabia arrested dozens of princes, officials and businessmen in a sweeping anti-corruption crackdown seen to be clearing the way for Crown Prince Mohammed bin Salman’s accession to the throne.
Republican Senator Says He Can't Support Tax Bill That Balloons Debt

Republican Senator Says He Can't Support Tax Bill That Balloons Debt

James Lankford of Oklahoma said he can’t support the party’s tax-overhaul bill if it increases the U.S. debt too much, showing the challenges of getting House and Senate approval of the sweeping
New York Fed's Dudley Close to Announcing Retirement, CNBC Says

New York Fed's Dudley Close to Announcing Retirement, CNBC Says

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, according to CNBC, potentially widening the overhaul of leadership at the U.S. central bank and raising
Alwaleed, Caught in Saudi Purge, Has Assets Across the World

Alwaleed, Caught in Saudi Purge, Has Assets Across the World

When Prince Alwaleed bin Talal was arrested as part of an anti-corruption probe in Saudi Arabia, it was the latest twist in the story of a billionaire who has courted international attention -- while
The Man Who Predicted Iceland's Crash Says Don't Fear New Regime

The Man Who Predicted Iceland's Crash Says Don't Fear New Regime

Iceland may soon have a radically new coalition government, led by a young leftist who will rely on support from the anti-establishment Pirate Party for the slimmest of majorities.
Trump Tells King Salman He Supports More Saudi Arms Purchases

Trump Tells King Salman He Supports More Saudi Arms Purchases

President Donald Trump told Saudi King Salman he would support the purchase of American military equipment to keep Saudi Arabia safe in a phone call Saturday, hours after the Saudi military said it
Slovaks Shun Premier's Party, Far Right in Regional Elections

Slovaks Shun Premier's Party, Far Right in Regional Elections

Slovaks voted for independent and opposition candidates in regional elections, delivering a surprise defeat to the popular ruling party and the far right forces in the post-communist European Union

U.S. Voters Say Trump Has Achieved Little, But Republicans Loyal

A majority of voters in a new ABC News/Washington Post poll say Donald Trump has achieved little in the first year after his upset win in the 2016 presidential election, yet most think the Democratic
In the Country Where Coal Is King, a Battle With the EU Looms

In the Country Where Coal Is King, a Battle With the EU Looms

The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest
Billionaire Alwaleed Arrested in Saudi Corruption Crackdown

Billionaire Alwaleed Arrested in Saudi Corruption Crackdown

Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup Inc. and Twitter Inc., was arrested by Saudi Arabian authorities as part of an anti-corruption purge in the kingdom.