Watch Live: Paul Ryan And House GOP Address Spending Bill, Obamacare, Trump Tax Reform

With Steven Mnuchin earlier presenting President Trump's forthcoming tax plan as the "biggest" tax cut in history, many - especially JPMorgan  - doubt it will be able to pass Congress. So, to get the Congressional opinion on the matter, here is House Speaker Paul Ryan addressing today's main event: Trump's tax plan, as well as the repeal of Obamacare and the House spending bill.

Top 5 Risks To Oil Prices

There are a series of gigantic question marks out there – a handful of countries could upend the theory that the oil market is on a smooth trajectory towards balance...

Wall Street Throws Up On US Steel's "Nightmare On Elm Street" Results

"If things are so bad during good times, 2Q-4Q is set to resemble a "Nightmare on Elm Street."Next move in U.S. steel industry fundamentals is lower, given scrap prices now in full-on correction mode, negative seasonality around the corner for U.S. steel mills, iron ore price declines, rising steel imports and correction in coking coal prices."

Watch Live: Steven Mnuchin Gives Sneak Peak Of Trump's Tax Reform Plan

As the administration turns its focus toward tax reform, Treasury Secretary Steven Mnuchin will sit down with The Hill's editor-in-chief Bob Cusack for a one-on-one conversation about key priorities when it comes to overhauling the tax code, prospects for bipartisanship and a timeline for action.

Frontrunning: April 26

  • Futures flat as Trump tax plan awaited (Reuters)
  • Trump’s 15% Tax Plan May Just Be His Opening Gambit (BBG)
  • Budget Director, After Health-Law Missteps, Preps for Spending Battle (WSJ)
  • 100 Days: Trump's victories dimmed by misfires (Reuters)
  • White House Intervened to Toughen Letter on Iran Nuclear Deal (WSJ)
  • Trump Changing Tactics on Tax After Health-Care Failure (BBG)

JPMorgan: "Trump's Tax Plan Will Be Virtually Impossible To Pass Through Congress"

"Trump’s much-anticipated tax blueprint will be released on Wed but 1) a lot of the details have already been leaked to the press over the last few days; 2) it seems very inchoate, leaving out key details esp. as it pertains to the individual code; 3) it will be virtually impossible to pass through Congress"

Trader: Trump Tax Plan Likely To Send S&P To New Record Highs "No Matter What He Says"

"Investors are looking for a reason to buy U.S. equities again, which means they’ll probably find one in Donald Trump’s tax plan no matter what he says on Wednesday.  The prevailing sentiment suggests U.S. stocks will achieve record highs within days. It’ll just be a matter of how long it takes to work out which part of Trump’s proposal will justify that move after the fact."

French Establishment Mount The Ramparts Against Le Pen

Macron’s endorsement list tells a lot... Macron is certainly no «outsider» nor fresh-faced 'challenger' of the status quo. That’s just all superficial marketing and branding to ensure that he prevents Le Pen winning power. Macron will eventually prove to be a willing servant of global capitalism, the EU and NATO, and a ruthless economic hitman against the working class.

Islam In The Heart Of England And France

The city of Birmingham in the West Midlands, the heart of England, the place where the Industrial Revolution began, the second city of the UK and the eighth-largest in Europe, today is Britain's most dangerous city. With a large and growing Muslim population, five of its electoral wards have the highest levels of radicalization and terrorism in the country.

China Launches First Domestically-Built Aircraft Carrier

China launched its second aircraft carrier Wednesday morning in northeast China's Dalian shipyard in Liaoning Province. The new carrier, the first built domestically, was transferred from dry dock in Dalian into the water at a launch ceremony on Wednesday morning.