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Trump’s budget takes aim at illegal immigrants by limiting tax credits

President Donald Trump’s budget proposal will limit eligibility for two tax credits, Office of Management and Budget Director Mick Mulvaney told reporters on Monday, as the administration attempts to convince Congress to overhaul programs benefitting poorer Americans.

9:00 p.m. May 22, 2017
Trump budget forecasts rosy economic growth

The first full budget laid out by the Trump administration assumes their policies will kickstart an era of 3% growth.

9:00 p.m. May 22, 2017
More than $2 trillion in savings to come from economic growth: Trump budget

President Donald Trump’s budget estimates about $2 trillion in savings will result under the 3% economic growth assumed in the proposal, an ambitious target analysts say would be hard to achieve.

9:00 p.m. May 22, 2017
Feeling powerless in Trumpland? Here’s what you can do

There will be more chaos and scandals, but we Americans — to say nothing of Republicans — don’t need to be passive observers.

6:45 p.m. May 22, 2017
Flynn may have ‘lied’ about Russian payments in security review, House Democrat says

Former national security adviser told investigators he received no foreign money, despite being paid by a Russian state-funded TV network, Democratic lawmaker says.

6:08 p.m. May 22, 2017
Trump Today: President makes bid to revive Mideast peace process

On the first of a a two-day visit to Israel, President Donald Trump on Monday used his meetings with Israeli Prime Minister Benjamin Netanyahu to try to revive negotiations between Israelis and the Palestinians as he defended comments he made during a visit from Russian officials.

4:17 p.m. May 22, 2017
Nassim ‘Black Swan’ Taleb says the future will be ‘a libertarian’s dream’

He may be pessimistic when it comes to the perilous state of financial markets, but Nassim Taleb, hedge-fund adviser and noted author of “The Black Swan,” says he’s quite optimistic about the future overall.

3:38 p.m. May 22, 2017
What to watch in the CBO’s score of the Republican health-care bill

Depending on what congressional budget-crunchers say later this week, a key part of Republicans’ agenda could get a green light to proceed, or run into a big obstacle. Here is what to watch when the nonpartisan Congressional Budget Office releases its score of the American Health Care Act, which is expected Wednesday afternoon.

3:00 p.m. May 22, 2017
Why Trump’s Nafta gamble is unlikely to bring back many blue-collar jobs

Even if Donald Trump succeeds in improving what he calls the “worst trade deal” in U.S. history, the president’s effort to revamp the North American Free Trade Agreement won’t lead to a flood of new manufacturing jobs.

2:26 p.m. May 22, 2017
Fed minutes may quell doubt about a June interest-rate hike

Minutes of the Fed’s May 2-3 meeting are likely to put an end to doubts about a June interest rate hike.

12:14 p.m. May 22, 2017
Fed’s Kaplan backs view for two more rate hikes this year

Dallas Fed President Rob Kaplan said Monday two more rate hikes this year is still his baseline forecast for 2017.

12:11 p.m. May 22, 2017
Trump on allegations he outed a spy: ‘I never mentioned the word Israel’

President Donald Trump gives a rebuttal to the media reports saying he inadvertently identified the source of critical information on the terror group ISIS to Russian Foreign Minister Sergei Lavrov.

11:48 a.m. May 22, 2017
The Saudis can’t afford Trump’s arms deal

For all its oil wealth, Saudi Arabia cannot afford to buy weapons and invest in American infrastructure, writes Amotz Asa-el.

11:15 a.m. May 22, 2017
Supreme Court says North Carolina drew racially-gerrymandered congressional maps

The Supreme Court on Monday said North Carolina excessively used race in drawing congressional maps. The decision upheld a lower court ruling.

10:45 a.m. May 22, 2017
Flynn will invoke the Fifth Amendment in response to Senate subpoena

Former national security adviser Mike Flynn will decline to cooperate with a Senate subpoena, invoking his constitutional right against self incrimination and setting off a legal showdown with Congress

10:22 a.m. May 22, 2017
On Trump’s first trip overseas, Twitter becomes mesmerized by a glowing orb

A widely circulated photo of President Trump with fellow Saudi and Egypt leaders puts social media jokers in mind of supervillains and conspiracy theories — stealing the limelight on Trump’s official visit to the Middle East.

10:17 a.m. May 22, 2017
Wilbur Ross heartened by lack of protesters in Saudi Arabia

Commerce Secretary Wilbur Ross said he was heartened by lack of any protestors in Saudi Arabia during President Donald Trump’s visit over the weekend.

9:34 a.m. May 22, 2017
Chicago Fed’s national economic measure hits three-year high

U.S. hiring improved and factories were busier last month, enough to overcome weaker consumer spending and drive up a broad measure of April national economic activity released Monday by the Chicago Federal Reserve.

9:12 a.m. May 22, 2017
White House moves to block ethics probe into ex-lobbyists on payroll | What to watch for in Trump’s budget

White House moves to block ethics probe into ex-lobbyists; what to watch for in Trump’s budget; Chaffetz expects to speak with Comey on Monday; and more.

8:59 a.m. May 22, 2017
German central bank warns Trump's tax reform would hurt U.S. economy in long run

Germany's central bank on Monday said President Trump's tax plans may provide a short term boost but would likely hurt the U.S. economy and lead to a 30 percentage-point increase U.S. debt-to-gross domestic product ratio within a decade. The comments, published in the Bundesbank's monthly report, are a rare commentary by the German central bank specifically on U.S. economic policy. They come amid tensions between Berlin and the new U.S. administration over German trade surpluses. In a rough blueprint published last month, the Trump administration pushed for cutting the corporate tax rate to 15% from 35% and reducing some income and estate taxes. The plans face a tough battle in Congress, where some lawmakers are worried about adding to large budget deficits.

7:14 a.m. May 22, 2017
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