Business


Trump Says He Will Release A Tax Reform Package Sometime Next Week

His announcement surprised Capitol Hill and left Mr. Trump's own Treasury officials speechless as he arrived at the Treasury offices to sign directives to roll back Obama-era tax rules and financial regulations. "We will end up with 'tax cuts for everyone,"' Rosenthal said. Some deficit watchdogs, however, argue that past tax cuts haven't yielded the economic growth that proponents have promised.


Federal EPA Administrator Visits Lead-Contaminated East Chicago

Federal EPA Administrator Visits Lead-Contaminated East Chicago

Pruitt has criticized the EPA for overreach and President Donald Trump's administration has taken steps to roll back stricter environmental regulations put in place over the past eight years. Chanting crowds weaved through streets of East Chicago on Wednesday near a Superfund site . During Pruitt's visit, the NAACP called on the EPA to do more to help affected residents.



President Trump Promises 'Massive' Tax Cuts in New Reform Package

Gary Cohn, Trump's top economic advisor, echoed Mnuchin's comments, saying the two men have spent "a lot of time working together" on tax policy. Mnuchin has assured the media hat this will be done before the end of the 2017 year. Many lawmakers want to cut taxes, but cutting tax rates leads to a big drop in revenue, which makes the deficit unless there is a sharp contraction in spending.


San Francisco power outage sparked by equipment failure

San Francisco power outage sparked by equipment failure

An hour later, everyone had power. San Francisco International Airport remained operational, and the U.S. Department of Homeland Security said through a spokesperson that the agency had not received any reports indicating that the outage was related to any security or terrorism incident.



South Korea on High Alert as the North Prepares Anniversary Army Celebration

The officials played down concerns and left open a range of possible reasons. None of the officials, who spoke on condition of anonymity, suggested alarm or signaled that they knew the precise reason for such Chinese activity. There has also been ratcheted up rhetoric from the U.S. and Pyongyang, with the latter's state media warning Thursday that a pre-emptive strike by North Korea would result in the USA and South Korea being "completely destroyed in an instant".


USA sends nuclear 'sniffer' on 'emergency sortie' in Korea

USA sends nuclear 'sniffer' on 'emergency sortie' in Korea

US officials said there was a higher-than-usual level of activity by Chinese bombers, signalling a possible heightened state of readiness by reclusive North Korea's sole major ally, although the officials played down concern and left open a range of possible reasons.