Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
While falling gas prices have prompted some to call for an increase in the gas tax, American Enterprise Institute's James Pethokoukis believes that hiking the gas tax isn't necessarily the answer to the nation's aging infrastructure woes.
In fact, he thinks eliminating the tax altogether may be the solution.
By phasing it out and letting states decide how much they want to spend in infrastructure "you might get more spending because those kinds of referendum, local referendum on roads and bridges, tend to pay more at the state level than the federal level," Pethokoukis, also a CNBC contributor, said in an interview with CNBC's "Street Signs."
The savings from cheap gas has been likened to a tax cut. Consumers are paying an average $2.67 per gallon, the lowest since February 2010, according to AAA.
However, those low prices have spurred calls to hike the gas tax in order to repair the nation's crumbling roads and bridges.
"The gas tax, I think, was last raised [in] 1993. So now we're talking 21 years of talking about the gas tax, about more infrastructure spending, and it's not happening. I don't think this drop in gas prices is going to make it happen," Pethokoukis said.
If eliminating the gas tax isn't in the cards, he thinks another option is freezing the gas tax at the current levels, which are currently 18.40 cents a gallon on gasoline and 24.40 on diesel.
"You could spend all that money, which would be like an extra $15 billion a year, on maintenance and repair and if you want new spending, create an infrastructure bank where you'd be able to gauge a return on investment from any new spending," he said.
—CNBC's Katie Kramer contributed to this report.