Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Biden team's second quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
Charles Evans spoke Tuesday at CNBC's @Work Human Capital + Finance Conference in Chicago. The Fed president said he is worried about low inflation and several other issues.At Workread more
But it's important to separate this very real threat from Thiel's specific allegations about Google, which were presented without proof, and from his claims that Google has...Technologyread more
In prepared remarks for a congressional hearing, Facebook says Instagram and WhatsApp have had a greater chance to thrive after merging.Technologyread more
Tenney told CNBC she met earlier this year with leaders from the National Republican Congressional Committee, who encouraged her to run for the New York 22nd District seat she...2020 Electionsread more
The speech comes as market participants are strongly anticipating a rate cut at the July 30-31 Federal Open Market Committee policy meeting.The Fedread more
Steve Bannon, a key player in President Donald Trump's White House, has reportedly been advocating for a policy change that would disturb many Republicans — upping taxes on the rich — according to unnamed sources who spoke with Axios.
The publication said Bannon wants to hike taxes "on the wealthiest Americans to pay for steep middle and working-class tax cuts."
Bannon, who serves as Trump's chief strategist, believes this is a "potent populist idea," sources told Axios.
Further, Bannon has told colleagues in the White House that he wants the highest income tax bracket to "have a 4 in front of it," Axios said.
Today, the top bracket is 39.6 percent for single Americans who bring home $418,401 or more annually and for married individuals filing jointly who make $470,701 or more.
A representative from the White House did not immediately respond to CNBC's request for comment.
The last time Congress passed major tax reform in the U.S. was 1986. It remains to be seen when and how President Trump will be able to pass this key portion of his agenda — one that the former businessman has been advocating for since the start of his campaign.
President Trump has vowed to bring tax relief for middle-class Americans, simplify the tax code, and grow the U.S. economy overall — all of this without adding to America's debt and deficit.
Read the full report from Axios.