It is the 10th of December 2019

News

Trump Wins: Judge Denies Obama Holdover's Suit Against Mulvaney Running CFPB

In a somewhat unsurprising decision, President Trump won a legal fight over who gets to run the Consumer Financial Protection Bureau (at least for now).

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House To Vote On Harvey Aid Bill Wednesday, Senate To Combine With Debt Limit Extension

Appending to an earlier announcement by House Majority Leader Kevin McCarthy, according to whom the House would not add Harvey disaster funds to any debt ceiling bill, Dow Jones reports that Republican lawmakers are set to vote on the Harvey aid bill on Wednesday, and instead of raising the debt ceiling, they - or rather the Senate - will suspend it, likely kicking the can until some time in December when the whole farce would repeat itself again, although the exact length of the extension remains under discussion.

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What Trump Tax Plan? Key Senate Panel Has Not Even Seen It

RIP BAT - the Border Adjustment Tax, which was floated in November under a proposal from Paul Ryan and which met with fierce resistance, is effectively dead. According to Bloomberg, Trump’s "tremendous" tax plan to be revealed next week likely won’t include the controversial border-adjusted tax.

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Budget Showdown Looms As Conservatives Press For Entitlement Reform

Throughout the campaign President Trump swore off cuts to Social Security and Medicare, promises which could ultimately result in the first splintering between the White House and Congressional Republicans who maintain that the federal budget can't be balanced without meaningful entitlement reform.  Trump is set to present the first outline of his budget when he addresses a joint session of Congress for the first time on February 28th.

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