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The move, which was expected, has set up an early legal test of the president's strategy of fighting off congressional oversight by rejecting the legitimacy of subpoenas he...Politicsread more
"Let me be clear: this committee will hear Mr. McGahn's testimony, even if we have to go to court to secure it," Nadler said.Politicsread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
The Fed should take its cues from falling bond yields and lower short-term interest rates, says conservative economist Art Laffer.Economyread more
Leuthold Group's Jim Paulsen sees a silver lining as the U.S.-China trade war rattles the market.Trading Nationread more
The FDA struck the wrong balance on its oversight of the e-cigarette industry, former commissioner Scott Gottlieb said Tuesday at CNBC's Healthy Returns conference.Healthy Returnsread more
Democrat and first-time candidate Andy Kim is the apparent winner of New Jersey's 3rd Congressional District and will unseat Republican Rep. Tom MacArthur, according to NBC News.
The race was one of the key contests in the Democrats' bid to seize the House majority. The campaign centered on the GOP congressman's support of tax cuts and Obamacare repeal, attracting national media attention weeks before the election. Millions of dollars in attack ads poured in from outside groups as the two candidates sparred in debates and traded jabs on Twitter.
Kim's projected victory comes two years after an election where Democrats barely put up a fight, as MacArthur was so well-entrenched in his district. Kim has a background in national security and launched his campaign in reaction to MacArthur's central role in supporting a repeal of Obamacare.
The seat had been mostly held by a Republican for the past two decades. Political organizations rated the district a toss-up, and polling was mixed between both candidates showing a single-digit lead.
Trump's unpopularity in the district made life harder for MacArthur, who voted in favor of the 2017 tax bill and took part in the GOP's effort to repeal the Affordable Care Act. MacArthur argued that his votes on those two issues were just a part of a broader career built on bipartisanship, and that his work on local issues, such as financing for a military base in the district, will mean more than the political polarization coming from the Trump administration.