×

Politics John McCain

  • The Senate debated the legislation late into Thursday and adjourned, putting off any votes until Friday morning. The tax bill is seen by Republicans as crucial to their prospects in the November 2018 elections, when they will fight to keep control of the Senate and the House of Representatives. Since taking office in January, President Donald Trump and...

  • The Senate was debating the legislation late into Thursday, but put off any votes until Friday. The delay underscored nagging concerns among Republican fiscal conservatives with the deficit impact of a bill seen by the party as crucial to its political prospects in the November 2018 elections, when it will fight to keep control of the Senate and the House of...

  • *Oil holds on to most of its overnight gains on OPEC deal. TOKYO, Dec 1- Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on U.S. tax legislation as investors waited for the Senate's vote, while higher U.S. "The Nikkei got a lift from the stronger dollar, while the market's main focus is now whether the tax bill will pass or not," said...

  • *Dlr/yen reaches 10- day high as McCain endorses Senate tax bill. TOKYO, Dec 1- The dollar rose to a 10- day high against the yen on Friday as U.S. tax reform plans were seen making further progress towards legislative approval. Senator John McCain had endorsed the Senate tax bill, potentially easing challenges to its congressional passage.

  • Traders work on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 30, 2017 in New York City. On Thursday afternoon, the Dow closed at over 24,000 points for the first time in its history.

    The stock market hit record highs on Thursday, but expert Hank Smith isn't concerned about it getting carried away.

  • But the Senate parliamentarian barred Corker's "trigger" proposal on procedural grounds. The setback underscored nagging concerns among fiscal conservatives in the party about the deficit impact of the tax bill, seen by Republicans as crucial to their political prospects in the November 2018 U.S. elections, when they will seek to keep control of the Senate...

  • Sen. Chuck Grassley (R-Iowa).

    A new analysis about the impact of the Senate tax plan on economic growth is very conservative, Sen. Charles Grassley said.

  • WASHINGTON, Nov 30- A sweeping Republican tax bill would not boost the U.S. economy enough to offset a large deficit expansion that the measure would trigger, congressional analysts said on Thursday, as the Senate moved toward a decisive vote. Behind closed doors on Capitol Hill, concerns were mounting, however, about Republican Senator Bob Corker's push for a...

  • *Dow breaks above 24,000 mark as U.S. tax bill wins support. NEW YORK, Nov 30- Sharp gains in the United States drove stocks higher despite a rout in emerging markets, while crude oil prices ended up in a volatile session as oil producers agreed on an extension to their supply cap deal until the end of 2018.. Chances of passage of a Senate tax overhaul bill rose with the...

  • *U.S. Senate tax drama enters complicated endgame. "The dollar is fading on month-end flows," Greg Anderson, global head of FX strategy at BMO Capital Markets in New York. Eric Viloria, currency strategist at Wells Fargo Securities in New York, attributed the greenback's strength to buoyant U.S.

  • *Energy stocks lead gains on OPEC news. NEW YORK, Nov 30- The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on increasing indications the Republican party's push for a U.S. tax overhaul may get enough support to pass. Investment Strategist, Allianz Global Investors in New York.

  • WASHINGTON, Nov 30- A sweeping Republican-sponsored tax overhaul gained momentum in the U.S. Senate on Thursday with the backing of Senator John McCain, as party leaders held behind-the-scenes negotiations to try to secure enough votes for passage. The Republican-controlled Senate was expected to begin a potentially chaotic "vote-a-rama" on amendments...

  • *McCain backs U.S. Senate tax bill. NEW YORK, Nov 30- U.S. Treasury yields rose sharply on Thursday, in line with the steep rally on Wall Street, on news that Senator John McCain had endorsed the U.S. Senate tax bill, potentially easing challenges to its eventual passage in Congress.

  • Traders work on the floor of the New York Stock Exchange, (NYSE) as a screen displays the Dow Jones Industrial Average as it crosses 24,000, in New York, U.S., November 30, 2017.

    The fact that the stock market wants to climb even higher is "stunning" but true, widely followed investor Dennis Gartman told CNBC.

  • Nov 30- The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong indications that President Donald Trump's tax-cut plan may get enough support to pass. "McCain was also against the Obamacare legislation revision, and so his change of conviction on this issue represents an important...

  • John McCain will support Senate tax bill, boosting its chances of passing

    Sen. John McCain will back the Senate tax bill, increasing the plan's chances of clearing the Senate by Friday.

  • *Oil volatile as OPEC meets. NEW YORK, Nov 30- Sharp gains in the United States drove stocks higher despite a rout in emerging markets, while crude oil prices were volatile as OPEC met in Vienna to discuss an extension to its supply-cap deal. Chances of passage of a Senate tax overhaul bill rose with the endorsement of Senator John McCain.

  • WASHINGTON, Nov 30- The Republican drive to push sweeping tax legislation through the U.S. Senate picked up momentum on Thursday with the endorsement of Senator John McCain, as party leaders pursued behind-the-scenes deals to secure enough votes for passage. The Republican-controlled Senate was expected to begin a potentially chaotic "vote-a-rama" on...

  • WASHINGTON, Nov 30- The Republican drive to push sweeping tax legislation through the U.S. Senate picked up momentum on Thursday with the endorsement of Senator John McCain, as party leaders pursued behind-the-scenes deals to secure enough votes for passage. The Republican-controlled Senate was expected to begin a potentially chaotic "vote-a-rama" on...

  • Sen. John McCain (R-AZ) talks to reporters as he walks to the Senate chamber.

    CNBC's Ylan Mui reports on why Senator McCain, who was undecided, now believes the proposed tax bill will grow the economy add more money to the pockets of middle-class families.