Trump's initial $3.8 billion border wall request is expected to complicate lawmakers’ negotiations to prevent a government shutdown. Senate Republican leaders said that they are unlikely to seriously pursue Trump’s supplemental border wall funding to avoid a potential government shutdown, courtesy of Senate Democrats who have vowed to block any funding of the 30-foot southern border wall.
The border tax plan would basically transfer around $1 trillion from the companies importing goods in the big importing states to the less competitive Midwest. And Texas, being one of the top international trading and importing states alongside California, Florida and New York, would likely lose.
Today, the war against BAT fired its first salvo, when the previously profiled Senator David Perdue of Georgia, former CEO of discount retailer Dollar General, emerged as the top Republican critic of the House GOP plan to adjust business taxes at the border, threatening the divisive proposal's legislative prospects.
"One month into the year, the balance of risks is somewhat less positive for three reasons. First, the difficulty congressional Republicans have had in moving forward on Obamacare; Second, while bipartisan cooperation looked possible following the election, the political environment appears to be as polarized as ever; Third, some of the recent actions by the Trump Administration could be disruptive for financial markets and the real economy." - Goldman Sachs
Two wars are set to break out over the Border Adjustment Tax: one is domestic and involves exporter vs importer alliances, and will soon shift into the Senate. The second war is one which would break out after the BAT is passed, and it would hammer America's biggest trading partners
Moments ago Senate Democrats succeeded in stalling - if only temporarily - another confirmation when they used a procedural move on Tuesday afternoon to stall committee vote, this time on Jeff Sessions' nomination to become US Attorney General amid last night's controversy in which Trump fired the acting Attorney General Sally Yates for insubordination.
Following urges by Edward Snowden and Julian Assange (who offered his own extradition), President Obama has commuted the remaining prison sentence of Chelsea Manning, the army intelligence analyst convicted of an enormous 2010 document leak.
Early on Thursday morning, in a 51-48 vote, the Senate took the first concrete step toward dismantling Obamacare, when it voted to instruct key committees to draft legislation repealing Barack Obama's signature health insurance program.
After an interesting morning of questioning by the Judiciary Committee of Senator Jeff Sessions, complete with numerous interruptions by disaffected, Hillary-supporting snowflakes seeking their 15 minutes of fame, Retired General John F. Kelly is set to take the hot seat before the Senate's Homeland Security and Governmental Affairs Committee at 3:30PM EST. We'll set the over/under for the first protester interruption at 3 minutes...
A marathon of Senate confirmation hearings gets kicked off today starting with Jeff Sessions (R - Alabama), Trump's pick for Attorney General, starting at 9:30AM EST. Sessions is certain to face fierce opposition from liberals who will undoubtedly bring up his "racially insensitive" comments from the 1980s and grill him on his views regarding voter I.D. laws and immigration.
Starting Tuesday Americans will be subjected to what will feel like endless hours of torture as Senate Democrats get their opportunity to question Trump cabinet appointees. Given that Republicans control a 52-48 majority in the Senate and that Democrats eliminated the 60-vote threshold in 2013, the Democrat theatrical displays will ultimately amount to nothing more than an attempt to discredit and shame Trump's appointees but should be fun nonetheless.
“Everybody was aware of who the potential beneficiaries were but nobody had really focused on the potential downside in terms of our international relationships, and I think it was just a ball dropped” - Mitch McConnell
First the Senate, and shortly after the US House of representatives voted overwhelmingly to override President Obama’s veto of a bill letting the victims of the 9/11 attacks sue Saudi Arabia, striking a blow to the president on foreign policy weeks before he leaves office. The vote marks the first time Congress voted to overrule Obama’s veto pen.
Seems that Senate Republican Whip John Cornyn is having a little "buyer's remorse" over his decision to vote in favor of confirming Hillary as Secretary of State back in 2009. “Once again the rules don’t apply to them like they apply to everybody else. Can you imagine if anybody else in the United States government had tried to get away with something like this?"