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.... Or Klansmen, or terrorists. Democrats, Republicans, and others must all agree on this, and it compromises nothing for them to do so. ... [Read full article on Guardian ]
Friday 18th of August 2017 03:04:46 AM
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....On the assumption that the US won’t want to leave it until a minute to midnight to sort things out, the debt ceiling will need to be raised within the next few weeks. That’s cutting things fine, especially since some Republicans in the House of Representatives are insisting that raising the ceiling should be contingent on public spending cuts and that will mean a real struggle to get the necessary bipartisan support in the Senate. ... [Read full article on Guardian ]
Monday 21st of August 2017 05:44:24 PM
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....All of this served to draw attention away from the escalating Russia scandal engulfing the Trump presidency. According to NPR’s reporting, the White House pushed urgently for publication of the fake story, based mainly on a Fox contributor and Republican donor. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 10:00:36 AM
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Latest Finance News related to Republican

Quantitative easing is a costly habit we should have kicked long ago | Larry Elliott image
....On the assumption that the US won’t want to leave it until a minute to midnight to sort things out, the debt ceiling will need to be raised within the next few weeks. That’s cutting things fine, especially since some Republicans in the House of Representatives are insisting that raising the ceiling should be contingent on public spending cuts and that will mean a real struggle to get the necessary bipartisan support in the Senate. ...
'No good Nazis': James Murdoch criticises Trump over Charlottesville image
Source : Guardian [Read Article] Friday 18th of August 2017 03:04:46 AM
.... Or Klansmen, or terrorists. Democrats, Republicans, and others must all agree on this, and it compromises nothing for them to do so. ...
Will 2017 be Rupert Murdoch's summer of despair? | Jill Abramson image
Source : Guardian [Read Article] Wednesday 16th of August 2017 10:00:36 AM
....All of this served to draw attention away from the escalating Russia scandal engulfing the Trump presidency. According to NPR’s reporting, the White House pushed urgently for publication of the fake story, based mainly on a Fox contributor and Republican donor. ...
Google cancels staff meeting after Gamergate-style attack on employees image
Source : Guardian [Read Article] Friday 11th of August 2017 02:06:31 AM
.... Breitbart was the media outlet of choice for disaffected young white men infuriated by “social justice warriors” and it became skilled at whipping them up into a fury with headlines like “birth control makes women unattractive and crazy” and “would you rather your child had feminism or cancer?”. Breitbart’s followers proved influential during the presidential race, forming an army of pro-Trump keyboard warriors organizing on Reddit and 4chan and amplifying the Republican candidate’s message on social media. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....3m in bonuses that they either didn’t earn or that weren’t required by their contracts, according to the senator. McCaskill said the audit, completed last year, was conducted partly in response to concerns she and Senator Rob Portman (Republican, Ohio) had raised after the special inspector general for Afghanistan reconstruction identified a litany of problems with Imperatis’s billing and record-keeping practices. ...
The strange case of Fox News, Trump and the death of young Democrat Seth Rich image
.... Here he stands, charged with egging on Fox News to publish a fabricated story in order to draw public attention away from his own travails over Russia. Douglas Wigdor, the New York-based lawyer behind the bombshell lawsuit from which this week’s revelations come, points to key evidence contained in the complaint involving Ed Butowsky, a Fox News contributor and wealthy Texan Republican donor. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....The administration’s inability to execute on the economic-policy front is unlikely to change. Congressional Republicans’ attempts to replace the Affordable Care Act (Obamacare) have failed, not least because moderate Republicans refused to vote for a bill that would deprive 20 million Americans of their health insurance. ...
Nissan dispute could go down as most vicious anti-union crusade in decades | Bernie Sanders image
.... Today, that number has gone down to just 11%, and in the private sector it is less than 7%. And as corporations and Republican politicians succeed in decimating the right of workers to bargain collectively for better wages and benefits, the American middle class, once the envy of the world, is disappearing while income and wealth inequality is soaring. ...
Nissan attacked for one of 'nastiest anti-union campaigns' in modern US history image
.... It requires workers to regularly attend anti-union roundtable group meetings as well as one-on-one meetings with their direct supervisors, some of whom have worn “vote no” T-shirts to work. The Republican governor, Phil Bryant, has also come out hard for Nissan. ...
Why is Google spending record sums on lobbying Washington? image
Source : Guardian [Read Article] Sunday 30th of July 2017 11:00:18 AM
....So captive, in fact, that Google was able to enlist many of these same legislators in its battle against the European Union, whose antitrust regulators are more willing to call Google a monopoly. As the Guardian reported: “Republican and Democratic senators and congressmen, many of whom have received significant campaign donations from Google totaling hundreds of thousands of dollars, leaned on parliament in a series of similar – and in some cases identical – letters sent to key [members]. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... But a sense of fairness and reciprocity, much less national loyalty, is not deeply ingrained in many US companies, which respond by threatening to move their headquarters abroad. Republicans, partly out of sensitivity to this threat, advocate a territorial tax system, like that used in most countries: taxes should be imposed on economic activity only in the country where it occurs. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... But the HSA simply doesn’t fit with the way the vast majority of Americans’ approach to managing their healthcare spending or even their personal finances. And all the wishing, wanting and hectoring on the part of Republicans is unlikely to change that any time soon. ...
JP Morgan chief blasts US dysfunction: 'It's almost an embarrassment being American' image
.... That is holding it back and hurting the average American citizen if we don’t do it. “It’s not a Republican issue, it’s not a Democratic issue. ...
'Battle mood' EU threatens bourbon whiskey in US steel trade row image
Source : Guardian [Read Article] Friday 7th of July 2017 11:17:26 AM
.... Officials confirmed one target might be bourbon whiskey, one of the main exports of the state of Kentucky, the home of Mitch McConnell, the US Senate majority leader. The EU is hoping to divide the Republicans by warning that Republican protection for the rust best will lead to EU retaliation in the American farm belt. ...
Wrong medicine? image
Source : BBC [Read Article] Friday 30th of June 2017 09:01:07 PM
....". The Senate healthcare bill put forward by Republicans - a proposal whose passage is now in doubt - is nearly silent on the issue, but Congress has hosted hearings about it. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
.... On Tuesday, Treasury secretary Steven Mnuchin said that if he was king for a day, he would indeed repeal it. But six months into the Trump presidency, the Republican-controlled Congress appears nowhere close to passing a reform bill, in part because no Democratic senators will help any such bill reach a necessary 60-vote threshold. ...
Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
....Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change. The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in February proposed a $40 fee on each ton of CO2 emitted as part of a “free-market, limited government” response to climate change. ...
Google and Facebook face penalties if they don't stop online hate image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:22:44 PM
....”. Later on Tuesday at a friendly international football match between France and England in the evening, the Oasis song Don’t Look Back in Anger was played by the band of the Republican Guard, a song which has become a tribute anthem to the victims of the Manchester bombing, as England fans sang along with arms spread. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
.... They understood too that the combination of social media and 24-hour cable news allowed them to manufacture such scenarios almost at will. The libertarian right of the Republican party, in Klein’s words, became “a movement that prays for crisis the way drought-struck farmers pray for rain”. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
. Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the "wrong choice" for the country. ...
Taming the giants image
Source : BBC [Read Article] Thursday 8th of June 2017 11:38:02 PM
.... . Then shortly afterwards, a group of Republicans introduced a broader proposal that would require firms such as Google and Amazon - in addition to traditional internet providers - to get user permission before sharing their data. ...
Republicans take aim at Dodd-Frank financial rules image
Source : BBC [Read Article] Thursday 8th of June 2017 02:18:10 PM
. A Republican push to overhaul US banking rules put in place after the 2008 financial crisis may be gaining momentum. ...
Trump to privatise air traffic control image
Source : BBC [Read Article] Monday 5th of June 2017 06:42:18 PM
....The idea has circulated in Washington for years without moving forward. But officials say that with Republicans in control of Congress and the White House, it is time to try again. ...
Canada calling: tech industry lures workers north in wake of Trump image
Source : Guardian [Read Article] Sunday 4th of June 2017 10:00:21 AM
....The ads were launched months before Donald Trump was elected president and they got straight to the point. “Thinking of moving to Canada?” read one, set to a backdrop of the Republican candidate at a rally. ...
How to respond to Trump's America | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 2nd of June 2017 01:29:00 PM
.... Europe and China did the right thing in deepening their commitment to a green future – right for the planet, and right for the economy. Just as investment in technology and education gave Germany a distinct advantage in advanced manufacturing over a US hamstrung by Republican ideology, so, too, Europe and Asia will achieve an almost insurmountable advantage over the US in the green technologies of the future. ...
Why help to buy is no help at all to the economy | Jeffrey Frankel image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:54:25 AM
....If President Donald Trump manages to get any economic legislation passed at all in the coming year, it is likely to be a tax cut. Congressional Republicans say they want revenue-neutral, efficiency-enhancing tax reform, which is properly defined as lowering marginal tax rates but simultaneously eliminating distortionary deductions, thereby keeping revenues and the budget deficit stable. ...
Proud papa image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:55:48 PM
.... It has been widely reported that came at the insistence of his daughter, Ivanka, who has made "women who work" a central part of her newly forming political identity. "This is the first time a major Republican politician has recognized the importance of offering paid leave to new parents. ...
White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....The plan - titled A New Foundation for American Greatness - takes a hatchet to federal programmes for the disadvantaged, such as food stamps, disability payments and healthcare. Democratic lawmakers have savaged the budget, and even fiscally hawkish Republicans seem taken aback by the magnitude of the cuts. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....The Senate and House of Representatives will pass their own versions, which will then go to congressional committees before the final spending plan is cemented. The Trump budget might have expected a sympathetic reading in the Republican-controlled Congress. ...
Trump pulls trigger on Nafta negotiations image
Source : BBC [Read Article] Thursday 18th of May 2017 04:43:32 PM
....". Mr Trump's protectionist stance breaks with Republican tradition, sounding closer to concerns voiced by labour unions and left-wing politicians such as Bernie Sanders. ...
Roger Ailes: Fox News founder dies at 77 image
Source : BBC [Read Article] Thursday 18th of May 2017 01:25:13 PM
....Born in Warren, Ohio, his big break came in 1967 when Richard Nixon appeared as a guest on a talk show he was working on, persuading the future US president about the power of television. He played a role in Mr Nixon's successful campaign, as well as for other Republican presidents Ronald Reagan and George Bush Snr. ...
Global stock markets fall as Trump turmoil intensifies image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:31:25 PM
....At the very least, analysts say, it will all be a distraction for the administration and may stall the introduction of spending plans and market-friendly legislation. However, the Republican Speaker of the House of Representatives, Paul Ryan, insisted that the administration's legislative agenda was not becoming paralysed, blaming "some people out there who want to harm the president". ...
Facebook's Sheryl Sandberg in call to help working mothers image
Source : BBC [Read Article] Sunday 14th of May 2017 07:24:19 PM
....President Donald Trump's daughter and advisor Ivanka Trump has publicly stated her support for paid maternity leave. However, Republicans have resisted proposals to raise such benefits, including increasing the national minimum wage. ...
US hails China trade deal as sign relations are 'hitting a new high' image
....Trump frequently lashed out at China on the campaign trail, describing Beijing as an “enemy” of the United States. But ties have warmed following the Mar-a-Lago summit between Trump and President Xi Jinping in April, with the Republican president this week describing his Communist party counterpart as “a great guy”. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
.... In fact, they’ve done more than just stabilize: they have flourished and been more profitable than ever before. Despite record profits, the financial services sector wants more – and Republicans are ready to help their friends by killing the Consumer Financial Protection Bureau (CFPB) and repealing Dodd-Frank. ...
The science of inequality: why people prefer unequal societies image
Source : Guardian [Read Article] Thursday 4th of May 2017 08:00:04 AM
.... A recent study by Norton and Ariely received well-deserved media attention as it showed that people both underestimate the amount of inequality in our society, and prefer a more egalitarian society to the one they think they live in. The authors describe their studies as examining “disagreements about the optimal level of wealth inequality”, and report the finding of “a surprising level of consensus: all demographic groups – even those not usually associated with wealth redistribution, such as Republicans and the wealthy – desired a more equal distribution of wealth than the status quo”. ...
United Airlines CEO calls passenger's removal a 'mistake of epic proportions' image
.... United’s president, Scott Kirby, joined Munoz at Tuesday’s hearing, along with top executives of American Airlines, Alaska Airlines and Southwest Airlines. The House transportation committee chair, Bill Shuster, a Pennsylvania Republican, said United and other carriers should use the notoriety of Dao’s removal to improve customer service. ...
US airlines face heat in Washington after passenger clashes image
Source : BBC [Read Article] Tuesday 2nd of May 2017 03:40:16 PM
...."Seize this opportunity because if you don't, we're going to come, and you're not going to like it," said Rep. Bill Shuster, the Pennsylvania Republican who heads the committee that hosted the hearing. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
...."The average little guy loves to hear this, so he's going to score points with his base and it may not hurt him politically at all because it may not get done," he said. The idea has support from some key US congressional figures, such as Democrat Elizabeth Warren and Republican John McCain. ...
US budget: No cash for Trump's wall in budget deal image
Source : BBC [Read Article] Monday 1st of May 2017 06:26:01 AM
....The $1tr (£770bn) agreement to keep the US government running until 30 September was reached on Sunday night. While there was no money for a wall, Republicans managed to secure $1. ...
Fangs: the lightning rise of Facebook, Amazon, Netflix and Google image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
....What lies behind the astronomical increase in value of the Fangs? To a certain extent, they’ve been buoyed by the same tide that raised US shares to record highs this year, the election of Donald Trump. The new president may threaten trade wars and real wars, and prompt unheard-of levels of domestic unrest, but to Wall Street investors, all that pales in comparison to a couple of policy proposals that have been on the cards since the day he won the Republican nomination - lower corporation taxes and a tax holiday on repatriated cash. ...
Donald Trump to stick with Nafta free trade pact – for now image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:51:09 AM
.... they’ve outsmarted our politicians for years”. The initial reports that Trump was considering pulling out of the trade agreement brought a horrified reaction from a number of top Republicans. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....The plan faces significant obstacles because of the need for Democratic support, and “reconciliation” rules that place strict limits on any tax cuts that result in increases to the deficit. The Senate majority leader, Mitch McConnell, indicated on Tuesday that Republicans would have to use the reconciliation process, which requires tax cuts to be balanced out with spending cuts. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....The "pay for itself" argument in favour of tax cuts has a long and contested history in the US, with many doubting that the evidence bears out the theory. Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
....In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. Both Republicans and Democrats will want to know how the president intends to make up for the loss of revenue that a cut of this magnitude will cause. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. During his presidential campaign, Donald Trump released a tax plan that was fairly traditional by Republican standards and fairly light on details. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....The Cantor Fitzgerald event is scheduled for September, with Obama being described as the keynote speaker at a lunch during the healthcare conference. The firm, which had offices in the World Trade Center and lost two-thirds of its staff in the September 11 attacks, is not known for its Democratic links: Howard Lutnick, Cantor’s chairman and chief executive, is reported to have backed Jeb Bush, the Republican who lost out to Donald Trump for the party’s presidential nomination. ...
Colour me image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:08:21 PM
.... . Similarly during the 2012 US presidential election, undecided and neutral states began to be identified as purple by the media - a blend of the Democratic blue and Republican red colours. ...
What does the business world make of Trump 100 days in? The jury is still out image
....or pay big border tax!. Even the Kochs, usually every Republican president’s favorite rightwing billionaires, aren’t happy with Trump’s tough talk on trade. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
....The chamber claims to be a bipartisan organisation but has become increasingly partisan. For the first time last year, 100% of its election spending backed Republican candidates. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... For the moment, Ms Lagarde is keeping her head down, hoping that in time Mr Trump will see the worth of her organisation. Past Republican presidents have appointed officials with a mission to cut the IMF down to size, only to support action in an emergency. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
.... The one good thing I would say is that we are more proud of who we are,” he says. And in this topsy turvy political climate, when a Republican president rails against free trade, the climate change-accepting, LGBT-friendly, free trade-loving O’Rourke is having a moment. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
.... Sources inside Deutsche said no link was found. But in his letter to Woodley, Van Hollen said he wanted more information about this internal review, triggered when Trump won the Republican nomination for president. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
.... Long the poster girl of a particularly hardcore brand of free-market fundamentalism – the advocate of a philosophy she called “the virtue of selfishness” – Rand has always had acolytes in the conservative political classes. The Republican speaker of the US House of Representatives, Paul Ryan, is so committed a Randian, he was famous for giving every new member of his staff a copy of Rand’s gargantuan novel, Atlas Shrugged (along with Freidrich Hayek’s Road to Serfdom). ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
. President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naivety about the complexities of healthcare reform. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
....Mr Trump had promised during his election campaign to relax rules on big banks, and subsequently ordered a review of the industry's regulations. Michelle Fleury, the BBC's New York business correspondent, says Republican policymakers are trying to see how they can pay for tax cuts. ...
US withdraws funding for United Nations Population Fund image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:39:15 AM
.... Its works include:. The UN Population Fund has often been the target of conservative Republican administrations, the BBC's Nada Tawfik in New York reports. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
....Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. Republican majorities in both houses of Congress reinforced the positive sentiment, as they signalled Trump would not face the kind of paralysing gridlock that Barack Obama confronted for most of his presidency. ...
The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
....75% and 1% at its March meeting, and Yellen said there would probably be just two more quarter-point rises this year. She was under pressure from Republicans to signal a more rapid increase, but was clear in her view that a Trump boom is still just a twinkle in the former property developer’s eye. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor. Maxine Waters, the top Democrat on the House financial services committee, urged her Republican colleagues to launch their own investigation into the nature of Deutsche Bank’s money-laundering scheme, who participated in the arrangement and whether it involved any other violations of US law beyond the failure to maintain anti-money laundering controls. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
....Trump’s supporters continue to watch for the president to make good on his promise to bring back US manufacturing jobs, which were up for the month: other drivers of growth were construction, private educational services, manufacturing, healthcare and mining. Also among the less-praised drivers of economic growth is the Affordable Care Act, Obama’s signature healthcare legislation, which Trump and congressional Republicans aim to repeal, said Elise Gould of the Economic Policy Institute, a Washington-based thinktank. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
.... Over the past six months the former chancellor pocketed almost £800,000 for 15 speeches, some of which caused him to miss a series of crucial votes in parliament, including on Brexit – although he was paired with an opposition MP who was also unable to make the vote so that his absence did not affect the outcome. He also collects a £120,000-a-year “stipend” from a US Republican thinktank, and received an estimated £100,000 advance for his forthcoming book Age of Unreason which explores the rise of “populist nationalism”. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
. In many ways, the Republican party’s plan to implement a “border adjustment tax” in the US is a virtual complement to the physical wall Donald Trump plans to erect on the Mexican border. ...
Senate votes to repeal labor protection laws that safeguarded poultry workers image
. The Trump administration and Senate Republicans rolled back labor protection laws on Monday in a pair of moves that labor advocates predict will chill complaints by vulnerable workers, especially in the low-wage food processing industry, which relies heavily on easily exploited undocumented laborers. ...
Trump promises 'aggressive' action on trade to protect US image
Source : BBC [Read Article] Thursday 2nd of March 2017 02:08:52 PM
....Trump speech to Congress in full. Republicans baulk at Trump's budget plan. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....) Carter did not, and failed; Reagan often did, and succeeded. Clinton eventually found success, too, by cooperating with congressional Republicans to reform welfare and balance the budget. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
....But that will not be the end of the story. The battle lines are now drawn, and McHenry’s letter shows the arguments that will be deployed in Congress by some Republicans close to the president. ...
Top Republican says Trump's budget plan 'dead on arrival' image
Source : BBC [Read Article] Tuesday 28th of February 2017 11:09:20 PM
. Republicans are lining up against President Donald Trump's proposed budget cuts to the State Department, hours before his address to Congress. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
....The blueprint will increase defence spending by $54bn (£43bn) but seeks to recoup that sum through deep cuts elsewhere, including to foreign aid. Mr Trump's plan leaves large welfare programmes untouched, despite Republican calls for reform. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
. Dueling senators turned the Federal Reserve chairwoman’s first testimony before Congress since the election of Donald Trump into a row over Republican plans to defang Dodd-Frank, the financial regulation brought in after the Great Recession. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Mnuchin, whose net worth is estimated at $400m will join the wealthiest cabinet in US history. Republicans defended Mnuchin’s résumé, highlighting his experience in the financial sector as an asset for the job. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
.... Both houses of Congress have voted to gut a law that would have forced US oil, gas and mining companies to disclose their royalty, licensing and other payments to foreign governments. The law was a bipartisan initiative between Democratic Senator Ben Cardin and former Republican Senator Richard Lugar, and formed an amendment to the 2010 Dodd-Frank Act, the law designed to clean up Wall Street after the financial crisis. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
....Goldman Sachs’ number two, Gary Cohn, is to be Trump’s chief economic adviser; his Treasury secretary, Steve Mnuchin, was 20 years at Goldman Sachs before running OneWest Bank, which made a fortune by improperly foreclosing on mortgages in ethnic minority communities after the financial crisis. These are not men on the side of the little guy: Cohn has promised to attack “all aspects of Dodd-Frank”, the partially effective regulatory framework that Obama laboriously passed into law in 2010, in the teeth of Republican and Wall Street opposition. ...

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