U.S. Politics Have Been Corrupted by Money, We Don’t Need a Tax Cut in This Environment
2017-11-28 23:18:59 UTC
Harm Bandholz, UniCredit Chief U.S. Economist, says the time for tax reform is right but we don’t need a tax cut in this environment. Jeffrey Sachs, Columbia University Professor, says the debt to GDP ratio has doubled in the last decade and will double again.
Michael Nathanson, Moffettnathans...
EU handed May a 10-day deadline to improve UK's Brexit offer
2017-11-24 18:34:21 UTC
BRUSSELS (Reuters) - The European Union handed Prime Minister Theresa May a 10-day deadline to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit.
Without a deal next month, time will be very tight to agree arrangemen...
The GOP Tax Cut Plan Has Almost No Impact on Investment
2017-11-16 05:47:30 UTC
NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.
Bills before both the U.S. Senate and the House of Representatives would cut the...
Canada reaches out to US Congress to bypass Trump on NAFTA
2017-11-15 20:02:04 UTC
OTTAWA (Reuters) - Canada will redouble its lobbying efforts in Congress to block any Trump administration move to pull the United States out of NAFTA, sources familiar with government strategy said, as talks to modernize the treaty run into trouble.
Canadian officials, preparing for a fifth r...
Strong German Growth Data Lifts Euro
2017-11-14 22:08:49 UTC
NEW YORK (Reuters) - The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform.
U.S. Treasury two-year note yield...
Germany intends to set up a mandatory registry of lobbyists
2017-11-14 21:57:06 UTC
BERLIN (Reuters) - German parties exploring a coalition government agreed on Tuesday to set up a mandatory registry of lobbyists and may require private firms to disclose breaches of cyber defenses, according to a draft paper on security seen by Reuters.
The 3-page document, a blueprint for a ...
BREXIT: UK will not say how much it owes the EU
2017-11-12 16:50:04 UTC
LONDON (Reuters) - Britain will not offer a figure or a formula for how much it believes it owes the European Union, Brexit minister David Davis said on Sunday, after the EU demanded that London spell out its approach to the final bill to unblock talks.
With no movement in the negotiations to ...
TPP Countries Agree to Move Ahead Without the US
2017-11-11 07:34:30 UTC
DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubts about its survival.
Taking the agreement forw...
Germany’s Strong Economic Growth Creates Tax Surplus of 30 Billion Euros
2017-11-09 23:36:47 UTC
BERLIN (Reuters) - Germany’s new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday.
The tax experts’ estimates show Germany’s strong economic...
AT&T CEO Says Never Offered to Sell CNN
2017-11-09 05:04:37 UTC
NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media company.
The U.S. Department of Justice has demand...
GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
2017-11-02 21:24:00 UTC
WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised.
The bill, representing what would be the largest overhaul of the U.S. tax system since the 1980s, called for slashin...
Bitcoin surged to a record high of more than $6,000
2017-10-20 20:12:57 UTC
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.
The original virt...
GOP and Democrats Appeared to Reach a Deal on Obamacare
2017-10-17 22:38:43 UTC
WASHINGTON (Reuters) - Two U.S. senators on Tuesday announced a bipartisan breakthrough to shore up Obamacare for two years by reviving federal subsidies for health insurers that President Donald Trump planned to scrap, and the president voiced support for the plan.
In exchange, Republicans wo...
Scientists Detect Light From Gravitational Wave
2017-10-16 19:27:03 UTC
CAMBRIDGE, Mass. (Reuters) - When neutron stars collide: Scientists in Europe and the U.S. have for the first time detected gravitational waves, the ripples in space and time predicted by Albert Einstein, at the same time as light from the same cosmic event, according to research published on Mon...
Brexit: "British Government Doesn't Know What It Wants"
2017-10-05 17:25:39 UTC
BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants.
The Federation of German Industries (BDI) said British Prime Minister Theresa ...
US hiring slowed to an 11-month low in September
2017-10-04 16:44:29 UTC
(Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 years.
The latest data helped soothe investors ...
Tom Price Resigns as Health Secretary
2017-09-29 20:56:59 UTC
Health and Human Services Secretary Tom Price resigned Friday afternoon, following his use of private and military planes for official travel.
Politico first uncovered Price’s use of private chartered flights in an investigation last week, and has since uncovered a total of more than $1 millio...
Treasury Department Takes Down Study Showing Tax Plan Does Not Benefit Working Class
2017-09-29 14:20:24 UTC
Earlier this week, the Trump administration revealed its long-awaited tax plan, the broad strokes of which are massive tax cuts for people like one Donald Trump and corporate America, at the expense of low-income families and the middle class. Individuals currently paying the top tax rate of 39.6...
Trump's Tax Plan Will add Trillions of Dollars to the Debt
2017-09-28 06:48:39 UTC
WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.
The proposal drew a...
Trump: Republicans Have Votes to Pass Healthcare Later
2017-09-27 13:07:35 UTC
WASHINGTON (Reuters) - Republicans have enough support to pass their healthcare overhaul but not this week, President Donald Trump said on Wednesday, one day after Senate Republicans admitted defeat over their effort to repeal and replace Obamacare.
Trump, in a pair of tweets early Wednesday m...
Emmanuel Macron Sets Out Progressive Vision For EU
2017-09-26 16:47:29 UTC
PARIS (Reuters) - French President Emmanuel Macron offered a sweeping vision for a renewal of Europe on Tuesday, calling for the EU to cooperate more closely on defense, immigration, tax and social policy, and for the single currency bloc to have its own budget.
In a speech delivered two days ...
Equifax CEO Retires Following Cyber Attack
2017-09-26 14:56:21 UTC
(Reuters) - Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. consumers.
The announcement comes a week before Smith was expected to testify befor...
Turkey’s Erdogan threatens to cut oil pipeline from Kurdistan, Iraq to the outside world
2017-09-26 07:39:37 UTC
TOKYO (Reuters) - Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world.
Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carri...
Senate Opposition to Obamacare Repeal Grows: Collins, Cruz, Lee Lean Against
2017-09-24 18:06:35 UTC
WASHINGTON (Reuters) - A proposal by U.S. Republicans to repeal and replace the Obamacare health insurance program suffered serious new setbacks within the party on Sunday, when Senator Ted Cruz expressed his opposition and Senator Susan Collins dug in with strong criticisms of the legislation.
Medicaid Directors Reject Graham-Cassidy Repeal
2017-09-23 18:05:48 UTC
In a blistering statement released Friday morning, the association representing state Medicaid directors took Congress to task for rushing a bill to the floor that would completely overhaul the nation’s health care system in just a few years and deeply cut the federal money available to states to...