The Chinese government is allowing more foreign investment in its financial markets. The move would raise the ownership limit to 51 percent, allowing more overseas investors in Chinese financial services. This comes after President Trump visited China on his diplomatic mission to Asia, and called for better access to Chinese markets.
The Senate is moving forward on President Trump’s pick for head of Homeland Security. One America’s Kelly Ayers has more on her confirmation hearing.
President Trump addressed trade and economic growth at the Asia-Pacific Economic Cooperation Summit in Vietnam. While in Da Nang Friday, the president re-affirmed the partnership between the U.S. and Vietnam.
Senate Republicans unveil details on their plan to overhaul the tax code with some key differences from the House plan. Senators still want to cut the corporate tax rate from 35 percent to 20 percent, but with a one year delay to 2019 — unlike the House bill.
Former White House Chief Strategist Steve Bannon urges Senate Majority Leader Mitch McConnell to resign over his obstruction of President Trump’s agenda. Bannon says McConnell’s resignation would enhance efficiency in Congress, allowing the GOP to solidify its support ahead of next year’s midterm elections.
By Christine Kim and Josh Smith
President Trump thanks China for giving him and the first lady a beautiful welcome they will never forget. In a tweet the president posted pictures of him and Melania in Beijing with President Xi and his wife. This is the first time a U.S. president has had an official dinner in the forbidden city since the founding of the people’s Republic of China.
The Trump administration is placing new restrictions on U.S. business and travel to Cuba. The changes are expected to take full effect on Thursday. Americans will be prohibited from doing business with dozens of Cuban government-run hotels, shops, and other entities identified by the U.S. State Department.
Wednesday, November 8, 2017 marks the one year anniversary of Donald Trump’s historic presidential win. One America’s Joseph Dupnik gives us a look back at the president’s first year in office.