WASHINGTON — In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.
Congress extends these tax breaks every year or two, usually at the last minute, drawing complaints from business leaders tired of the uncertainty. This year’s package will add nearly $42 billion to federal budget deficit, according to congressional estimates.
Five things to know about the year-end tax package, which President Barack Obama signed into law Friday: Continue reading
The Pentagon said Saturday that four Afghans from the Guantanamo Bay detention center have been returned to their home country in what U.S. officials are citing as a sign of their confidence in new Afghan President Ashraf Ghani. Continue reading
President Barack Obama has been criticized as cautious on foreign policy, but the secret negotiations on Cuba suggest a willingness for bold and risky action, if he can keep tight control and rely on a few close aides. Continue reading
In a year-end news conference, President Obama discussed reestablishing ties with Cuba, the North Korean cyber-attack against Sony Pictures and race relations in America. Judy Woodruff reports. Continue reading
Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week’s news, including the choice to censor a Hollywood film about the assassination of Kim Jong-un, President Obama’s move to renew U.S. ties with Cuba and early signs that former Florida Gov. Jeb Bush could be a 2016 presidential candidate. Continue reading
President Barack Obama will end his year in Washington with a news conference at which he’ll face questions on Cuba, the Sony hacking and how he will work with the Republican Congress. NewsHour will live stream the event, which is scheduled for 1:30 p.m. EST today. Continue reading
Tucked into the new federal spending bill that passed this week was a provision to loosen banking regulations on hedges known as derivatives or swaps, rolling back part of the Dodd-Frank Act that was enacted after the financial crisis. Dennis Kelleher of Better Markets and Mark Calabria of the Cato Institute join Hari Sreenivasan for a discussion on what the bill means for banks. Continue reading
WASHINGTON — A lack of unanimity in both political parties toward President Barack Obama’s sudden move to re-establish ties with Cuba complicates any congressional effort to scuttle the most significant change in U.S. policy toward the communist island in 50-plus years. Continue reading
Today in the Morning Line: Explaining Obama’s move on Cuba The generational shift — even among Cuban Americans — on Cuba policy The Obamas talk about their personal experiences dealing with race Obama goes big on Cuba: Whether you agree … Continue reading