The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Donald Trump is preaching bipartisan cooperation — for Tuesday night, at least.
During his first State of the Union address, the president tried to bridge a gulf between himself and Democrats in Congress that defined parts of his first year in office and the recent government shutdown. Speaking to Congress, Trump urged both major parties to work with him on reaching some of his 2018 policy goals.
He preached cooperation on revamping American infrastructure, in particular. Trump identified an infrastructure package as a possible area of agreement with Democrats early on during his time in the White House.
It remains to be seen how often Democrats seek to compromise with Trump ahead of November's midterm elections, when they will try to wrest House and Senate majorities from Republicans. As Trump's approval ratings remain low, some Democrats likely see an electoral benefit to pushing back against the president's stated goals.
Others may believe cooperation with Trump will help. Numerous Democratic senators face re-election this year in states Trump won in 2016 and could see bipartisanship as a path to winning. In fact, five of those Democrats voted with Republicans to keep the government open earlier this month.
With only 51 seats in the Senate, Republicans will need the minority party to pass major legislation this year. Democrats uniformly opposed the new GOP tax law.
Here are the major policy areas in which Trump pushed Democratic lawmakers to cooperate with him.
With a tax bill passed, Trump has set his sights on overhauling American roads, bridges and airports. Trump hopes to leverage at least $1.5 trillion in mostly private funding to revamp U.S. transportation and help to boost economic growth. (Read more about Trump's infrastructure proposal here.)
Trump called on lawmakers to support his immigration proposal that he argues can get support from both sides of the aisle. He said the plan is "one where nobody gets everything they want, but where our country gets the critical reforms it needs."
Lawmakers on both sides of the aisle have expressed skepticism about the White House proposal. As Trump walked through the conservative pieces of the plan, Democratic leaders sat stone-faced without applauding.
Most lawmakers want to pass a bill enshrining protections for young immigrants who came to the U.S. illegally as children. Republicans want increased border security funding and other changes to the immigration system in exchange for shielding those immigrants. (Read more about Trump's immigration proposal here.)