Trump to visit Western Wall without Israeli leaders
Mitch McConnell calls for a "little less drama from the White House"
Trump to sign measures to review financial regulation
22 April 2017, 01:49 | Maryann Sutton
Trump Laying Down the Law to GOP on Tax Reform?
All of this happening because Donald Trump has accomplished nothing in his first 100 days as president, and he wants a big legislative accomplishment before the 100-day mark.
Elsewhere, investors welcomed bullish comments from U.S. Treasury Steve Mnuchin, after he said the Trump administration is "close" to bringing forward tax reform.
"Ironically, if those regulations were eliminated, which we all expect that they will be.that would encourage inversions, which is arguably contrary to President Trump's America first stuff", Willens said.
"From our perspective, it is a direction that is dramatically backwards on financial stability", said Lisa Donner, executive director of Americans for Financial Reform.
In a signing ceremony at the Department of the Treasury, Trump will once again signal that he intends to roll back numerous sweeping regulations the Obama administration adopted in the aftermath of the 2008 financial crisis.
Instead, Obama used regulation to crackdown on inversions after a wave of tax-motivated mergers that occur when a US company is bought by a smaller foreign firm in a low-tax country and moves there to avoid paying higher taxes.
Viewed alone, undoing the rules would appear to be at odds with Trump's campaign pledge to reduce incentives for companies to invert.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will discuss the revised version of his Dodd-Frank replacement bill, the Financial CHOICE Act, at a congressional hearing on April 26.
US stock indexes have wavered in April, as investors dialed back expectations for tax cuts and fiscal stimulus from the Trump administration that initially pushed up stocks and government-bond yields after the November election. A tax inversion is when a U.S. company whose value is based on intellectual property shifts its headquarters overseas to avoid high USA taxes without losing market access. It came from the White House. Within a few months, Pfizer and Allergan surrendered and ended their agreement.
"There is no evidence that broad-based tax cuts can pay for themselves completely, and economic studies from across the spectrum have found that deficit-financed tax cuts only pay for a fraction of their cost", the CFRB said in a blog post.
"They'll be dancing in the streets and jumping for joy", Willens said.
Congressional Republicans are more radical than Trump in their view of the U.S. budget.
The council has the authority to designate some non-banks as systemically important financial institutions, which face tougher oversight. It requires them to hold more capital in reserve in the event of financial emergencies.
Mnuchin said for the first time on Friday that the White House supported the House Republican effort but suggested it would not impede the multiple reviews that the White House has now launched on its own.
Speech by Ann Coulter at UC Berkeley canceled
Coulter says she will speak at Berkeley as planned. "Yes, it was officially banned", Coulter told The Hollywood Reporter . Organizers of the event released their own statement Wednesday, expressing discontentment at the change in plans.
Didier Drogba to end career in MLS
Plus Mills takes us through all the contenders for the PFA Player of the Year and the Young Player of the Year awards. He spent last season with MLS' Montreal Impact, appearing in 33 matches and scoring 21 goals.
Oil spill reported in Alaska, volume unknown
The leak was discovered on Friday and a team from BP, the Alaska Department of Environmental Conservation (ADEC), U.S. At the time, the well was spilling crude oil, but that plume did not leave the well pad, state regulators said.
Carmakers race to ride electric boom in China
General Motors Co. has announced plans to manufacture and sell a gasoline-electric hybrid version of its Chevrolet Volt in China. The Czech carmaker describes it as an SUV coupé that has a range of up to 500km on a single charge, with a top speed of 180km/h.
A Vintage Rajon Rondo Sucked The Life Out Of The Celtics
The Jazz played without center Rudy Gobert , who was ruled out of the game and questionable for Game 3 with a left knee sprain. Maybe Chicago's Jimmy Butler summed up rebounding best on Monday after gushing about how Lopez impacted Sunday's Game 1 win.
Windows 10 Creators Update starts rolling out for free
The new feature, dubbed Power Throttling , is created to limit the amount of power used by apps running in the background. The next update following on from the current Windows 10 Creators Update will be released in September 2017.
Top 5 Must-See Games On The Patriots' 2017 Schedule
The Patriots' 2017 regular season schedule is officially out, and most Pats fans will obviously find a way to watch them all. In addition, the Patriots will again be home for Christmas, as they will host the Bills on December 24.
FDA: Codeine cough syrup should not be given to kids
These can include excess sleepiness, difficulty breastfeeding, or serious breathing problems that could result in death. FILE - In this photo taken October 14, 2015, file photo, the Food & Drug Administration campus in Silver Spring, Md.