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New York planning first large US nuclear plant in years: Hochul
Sen. Adam Schiff (D-Calif.) introduced legislation Monday seeking to bar public officials, including the president and his family, from certain cryptocurrency-related activities amid growing concerns about President Trump’s involvement in the industry.
Oil prices up amid Iran conflict
Full StorySenate Majority Leader John Thune (R-S.D.) announced Monday that the upper chamber will remain in Washington until it is able to pass President Trump’s ambitious tax cut package, raising the chances of scuttling a planned recess next week.
“Senators return to Washington today and we will remain here until this reconciliation bill is passed,” Thune said in an op-ed.
“By placing it on President Trump’s desk by the 4th of July, we will be ensuring that future generations of Americans can live in safety and prosperity,” he added.
Senators are scheduled to be on recess during the week of July 4, which has been the party’s deadline to pass Trump’s “one big, beautiful bill." Thune, though, had made clear to lawmakers in recent weeks he will nix that plan if they need the week to secure passage of the massive proposal.
At this point, it is looking increasingly likely that the Senate GOP’s work will spill into next week as it struggles to win over the requisite 51 votes as a number of holdouts remain.
— Al Weaver
COMING UPThe Ticker
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee (HFSC) Tuesday at 1o a.m. EDT.Federal Reserve’s Bowman says rate cut should be on table in July
Full StoryWhat Others are Reading
The Supreme Court on Monday lifted judge-imposed limits on the Trump administration’s deportations to countries where migrants have no ties over a scathing dissent from the court’s liberal justices. Read more
What People Think
Trump’s 50 percent aluminum, steel tariffs will create new American manufacturing jobs Trust deficit: Global markets are losing faith in the US Read More Details
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