The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
President Donald Trump pledged Wednesday that the Republican tax reform plan would deliver "lower taxes and bigger paychecks" as early as February, provided Trump is able to sign the bill before Christmas.
"I'm excited to announce that if Congress sends me a bill before Christmas, the IRS ... has just confirmed that Americans will see lower taxes and bigger paychecks beginning in February, " Trump said, "just two short months from now."
Speaking at the White House, Trump said the deal tentatively reached between House and Senate Republicans would also drive massive economic growth by cutting taxes on corporations and individuals.
Democrats contend the plan does too much to help wealthy individuals and corporations and does not provide enough relief for the middle class.
Calling the current tax code "burdensome, complex and profoundly unfair," Trump said his tax plan would "celebrate" the "forgotten people" and the "deplorables," a reference to a 2016 comment by Trump's Democratic opponent, Hillary Clinton.
"As a candidate, I promised we would pass a massive tax cut for the everyday, working Americans who are the backbone and heartbeat of our country," Trump said. "Now, we are just days away from keeping that promise and delivering a truly amazing victory for American families."
The latest proposal in Congress would involve dropping the corporate tax rate to 21 percent, the top individual tax rate to 37 percent and allowing a 20 percent pass-through deduction.
Trump, however, wasn't focused on numbers during his White House remarks. Breaking with his usual speech protocol, the president invited five families to come to the lectern and describe their tax savings, and thank the president for his work on their behalf.
"What this means to us as a family is that we will be able to give away to families in need ... or whatever God has planned," said Emily Howard, a stay-at-home mom from Tenino, Washington. "We are blessed to have such an amazing president, and what a good steward he is of our country," she said.
As Christmas approaches, congressional negotiators are under increasing pressure to deliver a tax reform bill to the president's desk before the end of the year, a deadline that Trump highlighted Wednesday.