President Donald Trump (L) shares a moment with Chairman of House Ways and Means Committee Rep. Kevin Brady (R-TX) (4th L) and Vice President Mike Pence (2nd L), during an event to celebrate Congress passing the Tax Cuts and Jobs Act on December 20, 2017 in Washington, DC.
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A daily morning look at the financial stories you need to know to start the day.
STOCKS/ECONOMY
-Stock futures are higher after Wednesday's flat close. We get GDP data this morning and weekly jobless claims numbers.
-The U.S. housing inventory has hit an all time low.
TAX REFORM/BUDGET BATTLES
-Several companies Wednesday used the passage of the Republican tax reform bill as the reason for announcing pay raises, bonuses, and boosted investment. They include Boeing, AT&T, Comcast, Wells Fargo, Fifth Third Bank, and Washington Federal Bank. Now, Congress is hoping to pass a spending bill by today to avoid a government shutdown this weekend.
