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Powell is known for his centrist ideas and experience in the Federal Reserve.
The bill would cut corporate taxes to 20 percent while delivering more modest savings for middle-class families but would not impact 401(k) plans as many feared.
Britain’s central bank lifted interest rates for the first time in a decade, but also warned of rocky times to come as the country confronts the decision to leave the European Union.
A tax overhaul has long been on the GOP's agenda and has been prioritized by Trump.
The bill would cap the mortgage-interest deduction while roughly doubling the standard deduction for families and would leave 401(k) plans unchanged.
"Lordy I hope there are pictures," he tweeted.
Mr. Mercer has been a leader of the giant hedge fund and is a patron of the former White House adviser Steve Bannon.
The man wanted for a deadly shooting at a Walmart in Colorado on Wednesday night has been arrested after an hourslong manhunt, police said.
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The Houston Astros celebrated their first-ever World Series championship and dedicated their win to the city that rallied behind them after Hurricane Harvey.
The smoldering governor’s race in Virginia reveals the depth of the president’s power to shape the Republican Party of 2017.
The operation in Niger was a kill or capture mission.
Few cheered the Astros’s first World Series title louder than those hit hard by the floodwaters.
