Now on bbc news, all the latest Business News live from singapore. Threats of legal challenges and a new warning from businesses over president trumps revised travel ban. Activewear. The Fashion Phenomenon that is grabbing australia by the seat of its pants and is now heading to asia. Good morning, asia. Hello, world. This is Asia Business report. I am rico hizon. Its a tuesday. Us President Donald Trump has signed a new executive order, a scaled back version of his controversial travel ban. It bands new visas for travellers from six mainly muslim countries. Bans. Unlike the current ban, current visa holders are excluded. Some say it could hurt the us economy. The Last Travel Ban was met with a lot of confusion and a lot of misunderstanding about who was actually impacted. This new version of the travel ban certainly has a lot more detail. It is more specific in terms of people who hold green cards, for example. That said, businesses are still expecting that their businesses are going
according to the nonpartisan see vials official estimate, the social policy, and climate policy bill, will increase the federal deficit by 367 billion dollars over the next ten years. but that is a technical finding that they admit is not reality. the cbo noted that the enhanced irs texas enforcement provisions in the bill will bring in at least an estimated 270 billion dollars of new revenue, but for technical reasons, that piece of the estimate was not included in the official estimate. and if you do include those to 270 billion dollars in the revenue, including in the overall score, then the bill only adds 160 billion dollars to the deficit over ten years. but, there is more. there is a competing estimate by the treasury department. that says, increased times enforcement will generate twice as much, more than twice as much revenue as that cbo