Tag Archives: CNBC

White House: Difference between Trump and Franken is that Trump has not admitted wrongdoing

White House press secretary Sarah Huckabee Sanders on Friday told reporters that a key difference between an allegation of sexual misconduct against Sen. Al Franken, D-Minn., and more than a dozen such allegations against President Donald Trump is that, “Senator Franken has admitted wrongdoing, and the president hasn’t.” Speaking at the daily White House briefing, Read More…

Most Americans say Trump and GOP are responsible for future problems with Obamacare, poll finds

A solid majority of Americans — 61 percent — say President Donald Trump and his fellow Republicans are responsible for any future problems with Obamacare, according to a poll released Friday. The poll also found strong distrust of Trump’s health-care goals — and that half of Americans will blame the Trump administration’s actions to weaken Read More…

Treasury Secretary Mnuchin says he expects a GOP tax cut bill will be sent to Trump to sign by Christmas

Treasury Secretary Steven Mnuchin told CNBC on Friday he expects a Republican tax reform bill to be sent to President Donald Trump to sign by Christmas. “We’re very excited about the timeline,” Mnuchin said on “Squawk Box.” “We’re going to have the Senate, as soon as they get back from Thanksgiving, vote on the bill.” Read More…

North Korea is 'on an aggressive schedule' to develop a ballistic missile submarine

North Korea is reportedly moving closer to developing a submarine capable of firing ballistic missiles. The pariah nation “is on an aggressive schedule to build and deploy its first operational ballistic missile submarine,” said a Thursday note on 38North, a project of the US-Korea Institute at Johns Hopkins School of Advanced International Studies. Strategists anticipated Read More…

US FCC votes to loosen media ownership rules

The U.S. Federal Communications Commission on Thursday voted to undo key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. The Republican-led FCC voted 3-2 to eliminate the 42-year-old ban on cross-ownership of a newspaper and TV station Read More…

House Republicans pass tax reform bill

House Republicans on Thursday passed a monumental bill to cut taxes on businesses and individuals, the biggest step yet in the GOP’s once-in-a-generation effort to overhaul the American tax system. The tax reform plan passed the chamber with 227 votes in favor and 205 against. To pass the bill, the House GOP had to overcome Read More…

GOP tax bill would spike Obamacare premiums nearly $2,000 for families, trigger Medicare cuts

Senate Republicans’ proposed tax reform bill would increase Obamacare prices by an average of almost $2,000 per family in 2019, according to an analysis released Thursday. And the tax bill would lead to 1.8 million more people lacking health insurance in California than currently, another 1 million people becoming uninsured in Texas, and more than Read More…

GOP’s Ron Johnson: Trump told me he’d get me information I need to propose a fix to the Senate tax bill

Sen. Ron Johnson told CNBC on Thursday that President Donald Trump personally promised to “‘work my tail off’” to win the Wisconsin Republican’s vote on the Senate’s tax overhaul plan. A day after becoming the first Senate Republican to explicitly say he would not back the plan, Johnson said on “Squawk Box” that he would Read More…