Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected.Retailread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
House Speaker Paul Ryan said Tuesday he wants his chamber to pass a tax bill by Thanksgiving, an ambitious goal as Republicans have not yet released a draft tax plan.
Following Senate passage on a "slightly slower track," Ryan told reporters he still aims to have a bill signed into law by the end of the year.
The push to overhaul the tax system could take a significant step as soon as Thursday, when the House considers the Senate budget resolution. The Senate resolution unlocks a reconciliation tool that would allow the tax bill to pass with only 50 Republican votes in the Senate.
"Adopting this budget is another sign of the real momentum for tax reform," Ryan said.
The tax-writing committees will craft a bill following the budget's passage. They could release a draft plan as soon as early next month.
Once they release the bill, Republicans will still have to overcome obstacles. Among those, some Republicans have already expressed concerns about the potential budget deficit generated by the plan.
The party has struggled to find provisions to raise money to offset major individual and business tax cuts without running into political opposition.
As Ryan spoke Tuesday, another potential GOP headache erupted. President Donald Trump and Sen. Bob Corker, R-Tenn., exchanged repeated blows on Twitter and on television.
Corker, a key vote on tax reform, has already said he has reservations about generating a large budget deficit with a tax plan.
Ryan had no concerns about the spat derailing the push to overhaul the U.S. tax system, saying to "forget about" the dispute.
"Bob's going to vote for Tennessee, he's going to vote for America, he's going to vote for tax reform," Ryan said.