The International Monetary Fund on Monday downgraded its estimate of U.S. growth prospects. Only three months ago, the world financial body said it thought U.S. gross domestic product would grow by 2.3 percent this year and 2.5 percent next year. Now, it’s lowered its estimates to 2.1 percent. That’s bad news for the economy and […]

Representatives from the U.S. and Britain are meeting today for the first time to talk about what the trade relationship between the two countries will look like after Brexit. But there is only so much U.S. and British negotiators can work out in advance. That’s because we still don’t know what Brexit will look like.  Click […]

Amazon just keeps growing. So does its spending on lobbying in support of policies it thinks will aid that growth. Filings with the Securities and Exchange Commission show the company is on track to spend $12 million lobbying this year, $1 million more than it spent in 2016. What’s on Amazon’s wish list? Click the […]

This week, the House of Representatives detailed a 2018 budget plan, a first step toward a tax code overhaul. But it’ll be no small lift to get to the big corporate tax cut President Trump has promised. The administration wants to lower corporate tax rates from 35 percent to 15 percent. That’s going to be […]

The U.S. Chamber of Commerce sent a shot across the bow of congressional Republicans in the form of a not-so-subtle message — don’t screw up tax cuts like you did health care reform, or else. Its letter explained that a year from now, the Chamber will be evaluating candidates based on their support for a “free […]

In a bid to avoid the legislative fiasco that was the attempt at Obamacare repeal, the GOP has tried to take a more deliberate approach to its next big priority — tax reform. The White House said it has held “hundreds of listening sessions” on the topic, and Politico reports that Treasury Secretary Steven Mnuchin and […]

Stalled health care reform efforts put strain on the dollar today, as investors in Asia and elsewhere started dumping the greenback. President Trump’s difficulty in getting his domestic policy agenda passed is one factor in the dollar’s doldrums, but there are others. Click the audio player above to hear the full story.