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Tax Bill Has ‘Opaque’ New Tax for Some Multinationals

Tax Bill Has ‘Opaque’ New Tax for Some Multinationals

U.S. multinationals that derive or book substantial profits overseas might face a new tax on some of their future earnings going forward, under the House tax bill released Thursday.
Columbia's Hubbard Says Tax Bill Is a Good Starting Point

Columbia's Hubbard Says Tax Bill Is a Good Starting Point

Glenn Hubbard, Columbia Business School dean, discusses the GOP tax plan with Bloomberg's David Gura, Mike McKee and Julie Hyman on "Bloomberg Markets: Balance of Power." (Source: Bloomberg)
Tax Bill Spurs Swift Outcry From Realtors, Small Businesses

Tax Bill Spurs Swift Outcry From Realtors, Small Businesses

Opposition to sweeping tax legislation introduced Thursday emerged quickly, led by national groups for realtors and small businesses.
Sen. Crapo Says He Will Support Powell for Fed Chair

Sen. Crapo Says He Will Support Powell for Fed Chair

Sen. Mike Crapo, an Idaho Republican and chairman of the Senate Banking Committee, discusses President Donald Trump's nomination of Jerome Powell to lead the Federal Reserve. He speaks with
Trump Announces Nomination of Powell to Lead Fed

Trump Announces Nomination of Powell to Lead Fed

President Donald Trump speaks at the White House about his nomination of Jerome Powell to be the next Federal Reserve chairman. (Source: Bloomberg)
House GOP Tax Bill Estimated to Add $1.49 Trillion to Deficit

House GOP Tax Bill Estimated to Add $1.49 Trillion to Deficit

The House Republican tax writers’ plan is estimated to add $1.49 trillion to the deficit over a decade -- just fitting in under the amount allowed under the congressional budget adopted last week.
Tax Proposal Hailed as ‘Almost Perfect’ Gift by Retail Lobbyist

Tax Proposal Hailed as ‘Almost Perfect’ Gift by Retail Lobbyist

As U.S. retailers prepare for the holiday season, they view the Republican tax bill as an “almost perfect” gift to the industry.
Former Australian PM Rudd on Trump's Asia Visit, N. Korea

Former Australian PM Rudd on Trump's Asia Visit, N. Korea

Former Australian Prime Minister Kevin Rudd discusses President Donald Trump's planned trip to Asia with Bloomberg's David Gura and Julie Hyman on "Bloomberg Markets: Balance of Power." (Source:
Powell Lauds Economy's Progress, Vows Vigilance on Market Risks

Powell Lauds Economy's Progress, Vows Vigilance on Market Risks

Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, talked up the strength of the U.S. economy as he pledged to guard against financial market risks.
Trump Has $340 Million of Debt Linked to Powell's Rate Decisions

Trump Has $340 Million of Debt Linked to Powell's Rate Decisions

President Donald Trump owes Deutsche Bank AG about $340 million of debt with interest rates that will rise or fall depending on the future policies of Jerome Powell, the new Federal Reserve chair
Trump Says He'll Nominate Jerome Powell to Lead Federal Reserve

Trump Says He'll Nominate Jerome Powell to Lead Federal Reserve

President Donald Trump said Thursday he would nominate Jerome Powell to be the next Federal Reserve chairman, saying he had won the respect of colleagues at the central bank and members of Congress
Manafort Lawyer's Sidewalk Speech Draws Trial Judge's Rebuke

Manafort Lawyer's Sidewalk Speech Draws Trial Judge's Rebuke

The judge overseeing Paul Manafort’s tax and money-laundering case in Washington had a stern warning for his lawyer: Stop with the sidewalk speeches.
The Tax Plan Could Hit the Country's Most Expensive Housing Markets

The Tax Plan Could Hit the Country's Most Expensive Housing Markets

Pricey U.S. housing markets, from the New York suburbs to California’s coastal cities, could take a direct hit under the tax-reform bill released by House Republicans.
Mueller Revelations Put Sessions in Awkward Political Spot

Mueller Revelations Put Sessions in Awkward Political Spot

Attorney General Jeff Sessions is facing renewed questions over how much he knew about Russian efforts to interfere with the U.S. election, after it was revealed this week that he attended meetings
Mnuchin Says Tax Plan Will Bring Back Massive Investment

Mnuchin Says Tax Plan Will Bring Back Massive Investment

U.S. Treasury Secretary Steven Mnuchin speaks at Franchise Expo West in Los Angeles about the GOP tax overhaul plan. (Source: Bloomberg)
Rep. Meadows Says More Work to Be Done on Tax Bill

Rep. Meadows Says More Work to Be Done on Tax Bill

Rep. Mark Meadows, a North Carolina Republican and chairman of the House Freedom Caucus, discusses the GOP tax bill with Bloomberg's David Gura and Julie Hyman on "Bloomberg Markets: Balance of
Trump Announces Broadcom Is Moving Headquarters to U.S.

Trump Announces Broadcom Is Moving Headquarters to U.S.

President Donald Trump said semiconductor company Broadcom Ltd. is returning its headquarters to the U.S. from Singapore. Broadcom Chief Executive Officer Hock Tan joined Trump Thursday in the Oval
Trump Adviser Gary Cohn Confirms He's Still a Democrat

Trump Adviser Gary Cohn Confirms He's Still a Democrat

Gary Cohn, director of the White House National Economic Council, discusses his political affiliation and his thoughts on President Donald Trump's pick for Federal Reserve chair. He speaks at the
Here Are the Big Tax Changes House Republicans Are Proposing

Here Are the Big Tax Changes House Republicans Are Proposing

House Republicans announced a tax proposal Thursday that would cut the U.S. corporate tax rate to 20 percent, reduce most of the individual tax brackets, and cap the mortgage-interest deduction on new