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6 days ago | 
news.bloombergtax.com | Amara Omeokwe |Saleha Mohsin |Nancy Cook |Steven Dennis
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief. Collectively, GOP lawmakers have endorsed almost every other economic idea that second-term Trump has put forward.
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6 days ago | 
news.bloomberglaw.com | Amara Omeokwe |Saleha Mohsin |Nancy Cook |Steven Dennis
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief. Collectively, GOP lawmakers have endorsed almost every other economic idea that second-term Trump has put forward.
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1 week ago | 
news.bloombergtax.com | Steven Dennis |Ben Steverman
The Republican-led push to abolish the US estate tax has provoked opposition from a seemingly surprising source: financial advisers the wealthy pay to manage their money and keep down their taxes. Many of the country’s richest families, who spend handsomely to lessen the tax burden on their heirs, have fought unsuccessfully for decades to repeal the 109-year-old levy.
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2 months ago | 
news.bloombergtax.com | Emily Birnbaum |Steven Dennis
Arizona Senator Mark Kelly, a former Space Shuttle commander who used to work with Elon Musk’s SpaceX, has ditched his black Tesla Model S after publicly feuding with the world’s richest person in recent weeks. “I’m here in Washington driving to work for the last time in my Tesla,” Kelly, a Democrat, said Friday in a video posted on X, Musk’s social media platform. “When I bought this thing, I didn’t think it was going to become a political issue.
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Jan 29, 2025 | 
news.bloombergtax.com | Robert Langreth |Steven Dennis
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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Jan 29, 2025 | 
news.bloomberglaw.com | Robert Langreth |Steven Dennis
Robert F. Kennedy Jr., President Donald Trump’s nominee to head the US Department of Health and Human Services, countered sharp criticisms from Democratic senators over his past questioning of vaccine safety by saying he would not stop anyone from getting polio and measles vaccines.
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Nov 20, 2024 | 
news.bloomberglaw.com | Steven Dennis |Jamie Tarabay |Daniel Flatley
President-elect Donald Trump is poised to skip over FBI vetting of his nominees, upending more than 60 years of precedent and putting him on a collision course with members of his own party as he tries to power controversial cabinet picks through the Senate.
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Nov 18, 2024 | 
news.bloomberglaw.com | Billy House |Steven Dennis
Key senators in both parties are demanding more information on a closely-held House sexual misconduct probe into former Representative Matt Gaetz, President-elect Donald Trump’s nominee to be US Attorney General. Calls for more scrutiny even from members of Trump’s own party signal that Gaetz’s confirmation process will be a rocky one, even after Republicans take control of the Senate in January. Gaetz has denied wrongdoing.
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Nov 13, 2024 | 
news.bloomberglaw.com | Steven Dennis
Former House Speaker Kevin McCarthy predicted that President-elect Donald Trump’s nomination of Matt Gaetz to be attorney general would be rejected by the Republican Senate next year. “Gaetz won’t get confirmed, everybody knows that,” McCarthy said in an interview with Bloomberg Television at the Barclays Asia Forum in Singapore on Thursday.
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Nov 13, 2024 | 
news.bloomberglaw.com | Steven Dennis |Daniel Flatley |Zach Cohen
South Dakota Senator John Thune, a longtime deputy of Mitch McConnell and an advocate of free trade, won election to lead the Republican Senate majority next year, setting up potential conflicts with President-elect Donald Trump over tariffs and Ukraine aid. Thune, 63, defeated Elon Musk’s candidate Rick Scott and another McConnell protege John Cornyn in secret voting on Wednesday. McConnell, the longest-serving Republican leader in the chamber, is stepping down from the post after 18 years.
