also two huge economic stories developing right now. president trump has nominated a current federal reserve governor, jerome powell to head the u.s. central bank. first pick by president obama for the would replace the current fed chair janet yellen. the first time in four decades a new president hasn't asked the current fed chair to stay for a second term. also earlier, the president joined house republicans in rolling out their new tax bill which would sharply reduce corporate taxes. middle income americans should benefit, many face the painful loss of popular deductions. the president is pushing to have a new gop tax bill sienled by chris, but some key republicans are already pushing back. let's go to our congressional correspondent, tell us what this plan would do. >> well wolf, the ink on this tax bill is essentially still drying and many members left here with a little bit of uneasiness about what exactly is in the bill tonight and keep in