Latest news from Thehill.com - Finance feed

Latest news from Thehill.com - Finance feed

  1. Pelosi: Dems won’t back tax breaks ‘disguised’ as infrastructure bill

    01.13 / 21:48 thehill.com Thehill.com - Finance
    House Minority Leader Nancy Pelosi (D-Calif.) on Friday reiterated a commitment to work with President-elect Donald Trump on a massive infrastructure package, but only under certain conditions.Pelosi warned that her party would not back a…
  2. GOP rep: Biz concerns about tax proposal 'a little offensive'

    01.13 / 04:03 thehill.com Thehill.com - Finance
    Rep. Devin Nunes (R-Calif.) on Thursday defended a provision in the House Republican tax plan that would tax imports and exempt exports, saying its "a little offensive" that some U.S. companies are criticizing it.Retail groups and Koch…
  3. Carson's prepared testimony contained apparent plagiarism

    01.12 / 21:55 thehill.com Thehill.com - Finance
    Remarks prepared for Dr. Ben Carson to deliver at his Senate confirmation hearing Thursday appeared to include several portions of plagiarized text.Carson, the former neurosurgeon and GOP presidential candidate who has been nominated to serve as…
  4. Warren 'more concerned now than ever' about Trump's financial ties

    01.11 / 21:29 thehill.com Thehill.com - Finance
    Sen. Elizabeth Warren (D-Mass.) indicated that she still has deep concerns about President-elect Donald Trump's potential financial conflicts of interest, arguing a plan outlined on Wednesday doesn't go far enough.  "I'm more concerned n…
  5. Trump Cabinet brings fresh take on labor policy

    01.11 / 15:57 thehill.com Thehill.com - Finance
    While the outgoing Obama administration may want to claim that its economic policies were a resounding success, the reality hardly bears that out.Gross domestic product (GDP) growth has averaged 1.2 percent during the Obama administration;…
  6. House passes bill aimed at helping startups

    01.11 / 03:43 thehill.com Thehill.com - Finance
    The House on Tuesday passed a bipartisan bill aimed at making it easier for startups to get capital from wealthy "angel investors."The measure passed by a vote of 344-73. The House previously passed the bill last year, but it did not receive a…
  7. House Dems call on OMB to analyze Senate budget plan

    01.10 / 05:40 thehill.com Thehill.com - Finance
    Two House Democrats are calling for the White House budget office to provide an analysis of a Republican budget resolution set for consideration this week.Rep. John Yarmuth (Ky.), Budget Committee ranking rember, and Ways and Means Committee…
  8. Oversight panel will focus on IRS, Medicare, new chairman says

    01.09 / 23:35 thehill.com Thehill.com - Finance
    Rep. Vern Buchanan (R-Fla.), the new chairman of the House Ways and Means Committee's oversight panel, said the subcommittee's priorities in the 115th Congress will include combating fraud in Medicare and Social Security, increasing…
  9. Warren, Dems push bill to force Trump to shed conflicts of interest

    01.09 / 11:21 thehill.com Thehill.com - Finance
    Sen. Elizabeth Warren is pushing President-Elect Donald Trump to shed any financial investments that may create conflicts of interest once he takes office, warning that he risks violating the Constitution if he doesn't. The …
  10. Top House Dem urges Senate to oppose Trump Treasury pick

    01.06 / 23:03 thehill.com Thehill.com - Finance
    The top Democrat on the House Financial Services Committee is calling on the Senate to reject Steven Mnuchin, President-elect Donald Trump’s Treasury secretary pick.Rep. Maxine Waters (Calif.) said Mnuchin’s history leading California-based One…
  11. Huizenga to chair influential subcommittee overseeing Wall Street

    01.06 / 23:02 thehill.com Thehill.com - Finance
    Rep. Bill Huizenga (R-Mich.) will chair the influential House Financial Services subcommittee overseeing Wall Street, committee Chairman Jeb Hensarling (R-Texas) announced Friday.Huizenga will replace former Rep. Scott Garrett (R-N.J.), one of…
  12. Trump's economic policies could destabilize the global economy

    01.06 / 16:56 thehill.com Thehill.com - Finance
    In promoting an "America First" economic policy, President-elect Donald Trump appears to be blinding himself to the currently very fragile state of the global economy. He also seems to be ignoring how very integrated the U.S. economic and…
  13. Export-Import Bank had a rough year, faces more hurdles under Trump

    01.06 / 05:17 thehill.com Thehill.com - Finance
    The Export-Import Bank posted its worst year in nearly four decades as a temporary shutdown and inability to complete bigger deals hobbled its finances.The 82-year-old agency authorized only $5 billion in financing in fiscal 2016, the lowest…
  14. US businesses added 153,000 jobs in December

    01.05 / 23:06 thehill.com Thehill.com - Finance
    U.S. businesses added jobs at a slower pace in December but pushed total labor market growth to nearly 2.4 million for the year, according to a new report on Thursday.The private sector added 153,000 jobs last month, a slower pace than the…
  15. Trump remains opposed to AT&T-Time Warner deal: report

    01.05 / 23:04 thehill.com Thehill.com - Finance
    President-elect Donald Trump reportedly remains opposed to AT&T's proposed acquisition of Time Warner, according to a report Thursday.Bloomberg News reported that Trump believes the deal would concentrate too much media power, …
  16. Diane Black named interim Budget chair

    01.04 / 02:27 thehill.com Thehill.com - Finance
    Rep. Diane Black (R-Tenn.) on Tuesday was named the interim House Budget Committee chair.Black will assume the role in place of Rep. Tom Price (R-Ga.), whom President-elect Donald Trump has picked to lead the Department of Health and Human…
  17. Diane Black leading candidate for Budget chair: report

    12.29 / 01:55 thehill.com Thehill.com - Finance
    Rep. Diane Black (R-Tenn.) is the top candidate to chair the House Budget Committee, Politico reported.Black would replace Rep. Tom Price (R-Ga.), whom President-elect Donald Trump has picked to lead the Health and Human Services Department.Black,…
  18. Schumer calls for Trump Cabinet picks to turn over tax returns

    12.28 / 20:27 thehill.com Thehill.com - Finance
    Incoming Senate Minority Leader Charles Schumer (D-N.Y.) called Wednesday for more of President-elect Donald Trump's Cabinet picks to turn over their tax returns.Steven Mnuchin and Tom Price—Trump's picks to lead the Treasury and Health and H…
  19. Report: Dems plot united front against Trump tax plan

    12.26 / 19:54 thehill.com Thehill.com - Finance
    Democrats are planning to focus opposition to Republican tax proposals from President-elect Donald Trump on its tax cuts for the rich, reports Bloomberg News.“His populist image and the reality of his policies are on a collision course,” Rep…
  20. JPMorgan chief: Trump business council focusing on tax reform

    12.23 / 19:44 thehill.com Thehill.com - Finance
    JPMorgan Chase CEO Jamie Dimon, who will chair a business panel advising President-elect Donald Trump, said that the group will emphasize corporate tax reform for economic growth.Dimon will lead a team of American CEOs on Trump’s Business R…