Home Economy Trump rips ‘ridiculous standard’ of first 100 days | Border wall funding could provoke spending showdown

Trump rips ‘ridiculous standard’ of first 100 days | Border wall funding could provoke spending showdown

4 min read
0
0
56


         Trump rips ‘ridiculous standard’ of first 100 days | Border wall funding could provoke spending showdown

President Donald Trump tweeted Friday about what he said is the “ridiculous standard” of judging the first 100 days of a new presidency but said “a lot” has been done on his watch.

Trump hits the 100-day mark next week, on April 29. As the Hill writes, Trump has had success with the confirmation of Supreme Court Justice Neil Gorsuch, whom he picked to replace the late Antonin Scalia. But high-profile campaign promises such as repealing Obamacare have floundered.

Border-wall battle: Trump’s budget director Mick Mulvaney said he hopes to use negotiations to keep the government open past April 28 to force Democrats to back some funding for creating a new wall along the U.S.-Mexico border. As the Washington Post writes, that’s a risky move that could provoke a spending showdown with congressional Democrats next week. At an event in Washington, Mulvaney said the White House would be open to funding some of the Democrats’ priorities — like paying insurance subsidies under Obamacare — if Democrats agree to fund some of the more controversial parts of Trump’s agenda, notably the wall.

Also read: Mulvaney says White House budget will include $200 billion for infrastructure.

State, local tax deductions eyed for elimination: Axios reports Trump’s top economic adviser Gary Cohn has privately said he’s warming to the idea of eliminating the local and state tax deductions to pay for tax cuts and simplify the code. But no final decisions have been made and governors and Democrats loathe the idea.

Also read: Fate of Trump tax plan not tied to Obamacare repeal, Mnuchin says.

And: New executive order could roll back regulations against corporate inversions.

Exxon probe protested: A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp.

XOM, -0.40%

  broke consumer protection laws when selling fossil fuel products, Reuters reports, citing a court filing. The report says prosecutors from Alabama, Arizona, Arkansas, Louisiana, Michigan, Nebraska, Oklahoma, South Carolina, Texas, Utah and Wisconsin filed a brief in U.S. District Court in Manhattan supporting a lawsuit filed by Exxon to halt a probe by the attorneys general of New York and Massachusetts. The probe is looking into whether Exxon violated consumer protection laws by selling fossil fuels while failing to reveal information about the effects of burning them on the global climate.

Load More Related Articles
Load More By Vanessa Hill
Load More In Economy

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

GDP grows at stronger-than-forecast 3% rate in third quarter

The numbers: The U.S. grew at a solid 3% annual pace in third quarter despite damage from …