Check out what is happening to european london european stocks. Stocks arising for the second day for the biggest weekly increase in two months it sterling low against the dollar down by. 2 . June 24 last year, biggest weeks biggest weekly gain last year. Sterling rallying 3 against the dollar as the boe turns hawkish. Up fiveyear yield is basis points, higher since august 22 after rising 15 basis points last week. You know the fmos fomc meets this week. Dropped theounts most since january after a. Ecord expansion lets get the bloomberg first word news. Sebastian a peaceful resolution with north korea but Rex Tillerson has warned his two parents use military force if necessary. Those comments came as trump prepares to ask allies to confront the regimes threat. In a tweet, trump mocked kim jong un as a rocket man. Marias wins have picked up eight to five miles per hour. Warnings are being issued to several islands. The u. S. Is bring for rain, and beach erosion. The day has lowered its
Americans we mourn with gold star families, but we cannot feel their pain. Theres nothing anyone can say or do to really comfort families suffering the loss of a loved one, but there is a lot people can say or do to cause grieving families additional pain as weve seen over this past week. As members of congress we are there for our constituents. They are our family. It is our obligation to speak up when they are hurt. The loss of an American Service member should be should not be politicized. Our Fallen Heroes should be honored. Sergeant la David Johnson is an american hero. Sergeant Jeremiah Johnson is an american hero. Staff Sergeant Brian black is an american hero. And Staff Sergeant Dustin Wright is an american hero. The 28 men and women who have lost lost their lives in service to our country this year are all american heroes. Let us honor their sacrifices and comfort their families, as has been the tradition in this country, until the last week. Mr. Speaker, i yield back the bala
Committee and with leadership. Theyve also coordinated with their Senate Counterparts and officials from the white house, President Trump is involved in trying to drive this to a finish line. Its been a busy year on the tax front. To be honest, its been many years in the making. When President Trump was elected, i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. We have a link to the bill on our congressional chronicle. A couple highlights, reduces tax brackets from seven to four, the top rate staying at 39. 6 . It reduces the top Corporate Tax rate from 35 to 20 . Limiting mortgage interest to loans of 500,000 or less. It would roughly doubling the individual and family standard deductions. It caps state and local property Tax Deductions at 10,000, increasing the Child Tax Credit from 1,000 to 1600 per child, and no longer allows medical expense or property loss deductions. One of the issues that came up a week ago in t
House republicans have unveiled their tax reform bill, hr1 tax cuts and job act. We are joined by aaron lorenzo, a tax reporter for politico. This has been a priority of speaker ryan and ways and means chair, kevin brady. How did the bill come about . What is the process like . Its been a busy year on the committee and with leadership. Theyve also coordinated with their Senate Counterparts and officials from the white house, President Trump is involved in trying to drive this to a finish line. Its been a busy year on the tax front. To be honest, its been many years in the making. When President Trump was elected, i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. We have a link to the bill on our congressional chronicle. A couple highlights, reduces tax brackets from seven to four, the top rate staying at 39. 6 . It reduces the top Corporate Tax rate from 35 to 20 . Limiting mortgage interest to loans of 500,000 or less.
Their families. We will begin the urgent task of rebuilding our nation, and renewing the american dream. We will double our growth, and have the strongest economy anywhere in the world, well put americas interest first. We will deal fairly with everyone. While the campaign is over, our work on this movement is now really just beginning. [applause] can you believe it has been one year since donald trump won the presidency, trillions of dollars have been added to the market. Over a million jobs created, hundreds of regulations repealed and isis defeated in syria and iran. Tonight we break it down, one year later. Retired Lieutenant General tom mcnerney and blue collar economist, joe the plumber, all here on look back, welcome to risk reward, i am cheryl casone. Do you up 6, making it index dow up 6. The stock market soaring, by 22 . Creating 5. 4 trillion in added wed to pension retirement and savings of average americans, businesses created nearly 1. 8 million new jobs, and economy has