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Treasury recommends looser financial market controls to encourage growth

This is the second of four reports the Treasury is producing at the request of the Trump administration. The Treasury pointed out that the number of publicly traded companies in the U.S. has fallen by nearly 50 percent over the last two decades, while the average number of initial public …

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NRA endorses more regulation on bump stocks that boost guns’ firing rates

Getty Images A bump stock device (left) that fits on a semi-automatic rifle to increase the firing speed, making it similar to a fully automatic rifle, is installed on a AK-47 semi-automatic rifle, (right) at a gun store on October 5, 2017 in Salt Lake City, Utah. The statement came …

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House GOP eyes budget passage that is key to tax debate

Bill Clark | CQ Roll Call | Getty Images Speaker of the House Paul Ryan, R-Wisc., left, Senate Majority Leader Mitch McConnell, R-Ky., and Sen. Orrin Hatch, R-Utah, participate in the Congressional GOP media availability to unveil the GOP tax reform plan in the Capitol on Wednesday, Sept. 27, 2017. …

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Trump can’t completely wipe away Puerto Rico’s debt

It’s unlikely the self-proclaimed “King of Debt” can wave away Puerto Rico’s debts, but President Donald Trump’s interest in the island’s recovery may mean bondholders get an even smaller piece of the pie. “The president can’t just wipe out the debt,” said Jeff Lipton, managing director, head of municipal research …

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Equifax ex-CEO tells Congress he takes ‘full responsibility’ for massive data hack

Andrew Harrer | Bloomberg | Getty Images Richard Smith, former chairman and chief executive officer of Equifax Inc., waits to begin a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 3, 2017. A combination of human and technological error resulted in a massive breach of …

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Energy groups balk at Perry’s plan for change to electricity pricing

“The Energy Industry Associations urge the Commission to reject the proposed unreasonable timelines and instead proceed in a manner that would afford meaningful consideration of public comments and be consistent with the normal deliberative process that it typically affords such major undertakings,” they said. The groups are requesting a 90-day …

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Trump tweets condolences to Las Vegas shooting victims

Brendan McDermid | Reuters President Donald Trump speaks to the media as he arrives at U.N. headquarters in New York, Sept. 18, 2017. President Donald Trump is extending condolences to the victims of the shooting in Las Vegas and their families. In a tweet Monday, Trump offered “My warmest condolences …

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‘No room to negotiate’ our 20% corporate tax-rate proposal

Andrew Harrer | Bloomberg | Getty Images Gary Cohn, director of the U.S. National Economic Council Top White House economic advisor Gary Cohn drew a line in the sand on corporate taxes Thursday, saying the Trump administration’s 20 percent proposal is non-negotiable. In a CNBC interview a day after the …

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Donald Trump needles Mitch McConnell over Senate filibuster rule

Carlos Barria | Reuters President Donald Trump talks with reporters as he departures the Oval Office of the White House for Indianapolis, in Washington D.C., U.S. September 27, 2017. President Donald Trump is needling his party’s top senator — again. Following the latest Obamacare repeal failure in the Senate, Trump …

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Senate will not vote on Graham-Cassidy Obamacare repeal bill

Aaron P. Bernstein | Reuters Sen. Lindsey Graham (R-SC) speaks with reporters ahead of the party luncheons on Capitol Hill in Washington, U.S., September 26, 2017. But Tuesday’s decision to table the bill is the latest in a series of embarrassments for Republican leaders who have repeatedly failed to convince …

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