Prospects brighter for tax overhaul, success not assured

WASHINGTON (AP) — GOP leaders toiled behind the scenes Wednesday in hopes of readying a long-anticipated tax bill for a floor debate. A pair of pro-family Republicans offered a plan to pare back a proposed cut in corporate tax rates to make an increase in the child tax credit more generous, while work also intensified on a controversial plan to trigger automatic tax increases if the plan produces higher than hoped-for deficits.

  • Written by By ALAN FRAM and ANDREW TAYLOR , Associated Press

Black, Latino acts rule Grammy noms with Jay-Z in front seat

NEW YORK (AP) — The Recording Academy sent a clear message when they announced the nominees for the 2018 Grammys: They want to see a black or Latino act have a better shot at winning in the major categories.

JayZ

  • Written by By MESFIN FEKADU , AP Music Writer

Powell says he favors loosening some bank regulations

WASHINGTON (AP) — Jerome Powell, President Donald Trump's pick to be chairman of the Federal Reserve, told senators at his confirmation hearing Tuesday that he believes some bank regulations can be rolled back — something the administration and Wall Street favor. But he stressed that he will protect the central bank's political independence, calling it vital for the Fed's role.

FED Powell

  • Written by By MARTIN CRUTSINGER , AP Economics Writer

Nevada high-rise suspected gunman dead, hostage safe

RENO, Nevada (AP) — A gunman with a hostage opened fire from the eighth floor of a luxury high-rise condominium in Nevada onto the streets below, authorities said. No injuries were reported.

NVgunman

  • Written by THE ASSOCIATED PRESS

GOP shoves tax overhaul ahead; shutdown still a threat

 

WASHINGTON (AP) — Republicans held together and shoved their signature tax overhaul a crucial step ahead Tuesday as wavering GOP senators showed a growing openness. But its fate remained uncertain, and a planned White House summit aimed at averting a government shutdown was derailed when President Donald Trump savaged top Democrats and declared on Twitter, "I don't see a deal!"

  • Written by By ALAN FRAM and ANDREW TAYLOR , Associated Press