President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
He said he's concerned that there isn't enough information available to make an informed vote. He also said the plan may benefit corporations more than other smaller businesses.
"I don't have the information on how much it would cost, how many pass-through businesses are being left behind that do compete globally. I can't get the information. I've been asking. They don't give it to me, " Johnson said.
"I got a call from President Trump last night. He's telling me 'I'll get the information. I'll meet with Treasury officials today. I will work my tail off over the weekend to fix this problem so we can move forward with pro-growth tax reform,'" Johnson added.
Johnson appeared on CNBC before the Joint Committee on Taxation released on Thursday its latest look at the GOP Senate bill.
Trump has been pushing lawmakers to pass a tax bill, which he says would ease the burden on middle-class Americans and give U.S. businesses incentives to invest at home.
Johnson said the process for working on the bill has not been transparent. "It's not a real good process," he said. "The House is voting on theirs today. We're going to be voting on ours right after Thanksgiving."
Sens. Susan Collins of Maine, Bob Corker of Tennessee and John McCain of Arizona have also voiced concerns over the Senate's tax plan. They refused to say whether they would ultimately vote for the bill.