Business

Nearly Half of Voters Think Congress Should Run With Trump's Tax Outline

Nearly Half of Voters Think Congress Should Run With Trump's Tax Outline

There's been no increase in the federal motor fuel tax since 1993. Wisconsin has faced similar challenges with long-term transportation funding. Democrats typically champion infrastructure investments, but have shown little appetite to cooperate with the Republican president, while Trump's own party historically has opposed the spending or tax hikes needed to fund road and bridge repairs.


Crude Oil Bearish After EIA Inventory Report

Crude Oil Bearish After EIA Inventory Report

After a sharp drop, oil prices saw a rebound with Brent trading at $48.61 per barrel and WTI rising to $45.87. The Organization of the Petroleum Exporting Countries, together with major rivals such as Russian Federation and Oman, announced on November 30 that they would cut oil output for the first six months of this year to eat into a vast global overhang of unused crude.



Bank of England holds rates in 7-1 vote

In February he said Britain's economy faced "twists and turns" on its road to Brexit, suggesting he remained in no hurry to consider higher interest rates. Although the BoE said it might need to raise rates before the late 2019 date market pricing indicated, that was nine months later than its February forecasts showed.



VIDEO James Clapper interview Andrea Mitchell disputes Trump

Jeff Mason, the president of the White House Correspondents' Association, responded to the president's tweets, saying that the White House briefings and press conferences "conducted in full view of our republic's citizens, is clearly in line with the spirit of the First Amendment".



China presses S. Korea on THAAD missile system

Only now, the stakes are much higher. South Korea's new liberal President Moon Jae-in was sworn in on Wednesday and vowed to immediately tackle the hard tasks of addressing North Korea's advancing nuclear ambitions and soothing tensions with the United States and China.Moon said in his first speech as president he would begin efforts to defuse security tensions on the Korean peninsula and negotiate with Washington and Beijing to ease a row over a U.S.