Archive: 11/2/17: Thursday
Trump Nominates Jerome Powell As Federal Reserve Chairman
President Donald Trump on Thursday nominated Jerome "Jay" Powell as chairman of the Federal Reserve. Powell, who sits on the Fed's Board of Governors, will succeed Janet Yellen as head of the central bank, a critical post responsible for guiding monetary policy and helping to steer the U.S. economy.
GOP Tax Plan Slashes Corporate Rate, Limits Deduction For Homeowners
House Republicans on Thursday unveiled a tax cut plan that slashes the corporate tax rate, lowers taxes for most Americans but limits a cherished deduction for homeowners as President Donald Trump and the GOP seek to deliver on the first tax revamp in three decades.
Massive Government Recall Covers 37.8 Million Kidde Fire Extinguishers
The federal government is launching a massive fire extinguisher recall. It covers nearly 40 million Kidde extinguishers. The Consumer Product Safety Commission says 37.8 million fire extinguishers might not work during an emergency.