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Senate Passes 2018 Budget Paving Way For $1.5 Trillion In Tax Cuts, Sending Yields, Dollar Sharply Higher

Senate Passes 2018 Budget Paving Way For $1.5 Trillion In Tax Cuts, Sending Yields, Dollar Sharply Higher

Senate republicans took a major, if relatively easy, step toward passing Trump's tax plan on Thursday night with the critical passage of a budget blueprint that would protect a $1.5 trillion tax cut from a Democratic filibuster. Senators narrowly voted 51-49 to pass the fiscal year 2018 budget after a several hour-long marathon on the Senate floor. The budget resolution could also pave the way for opening up the Arctic National Wildlife Refuge in Alaska to oil exploration by ensuring that drilling legislation can pass with only Republican votes according to the NYT.

USS Ronald Reagan Joins South Korean Navy For Latest Round Of 'War Games'

USS Ronald Reagan Joins South Korean Navy For Latest Round Of 'War Games'

North Korea swiftly quashed hopes for a détente with the US and its regional allies earlier this week when a government spokesman said there would be no sit-down between US and North Korean diplomats at a non-proliferation conference in Moscow this week.

Now that the North – presumably taking its ques from President Donald Trump who earlier this month ridiculed Secretary of State Rex Tillerson’s attempts at backchanneling – has refused to participate in talks, tensions between the two nuclear-armed powers have escalated to absurd new heights.

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