When the jct, the joint committee on taxation, released a dynamic estimate of how much growth they expect this tax plan to generate. And its a lot less than republicans were hoping for. The jct estimating the tax plan would generate 407 billion in additional revenue over the next decade and that is not enough to cover the 1. 4 trillion cost of this tax plan. The Senate Finance committee putting out a statement saying that this analysis is curious and deserves further scrutiny and they emphasized that the final version of the tax bill is not yet complete it is still being hammered out on the senate floor. Another important thing to note is that the jct assumed a very aggressive response by the Federal Reserve to a strengthening economy. That is also very different from what we have been hearing from jay powell and janet yellen over the next few days. So even if you discount that, however, there is no way, according to the jcts analysis, that the republican tax plan will pay for itself.
You decide what song. Sundown d. W. Small. Images from an isolated country images from the north korea. In italian photographer captured fascinating shots of everyday life in a regimented society. A north korean diary starting december twenty eighth on t w. Is the mob rush for bitcoin finally over all will the roller coaster ride continue in the next yeah after swinging wildly over the holidays we are counted cryptocurrency ever become a sound investment choice. And cashing in on sound how the selfstyled home of father christmas in finland is drawing tourists from all over asia. Also on the show chinas new silk road and nine hundred billion dollars of Infrastructure Investment revive the oldest trade route in the world. A welcome to do your business im good how the office because wild swings continue over the Holiday Season prices have ranged between eleven thousand seven hundred and fourteen thousand seven hundred u. S. Dollars just within the last twenty four hours because officially
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This is zero. And i from c b a fourteen here aljazeera headquarters in doha for the bout to blow welcome to the news great the battle for control of Northern Iraq is not over yet Iraqi Government troops and bush mega forces faceoff near care cook days after the on the reach of the Oil Rich Region from the kurds to forces for together again i saw are now pointing the gun at each other well get the latest and explore how fake news is money on the battlefield. Also on the bridge is the deadliest single attack anywhere in the world for many years hundreds of People Killed by a truck bomb in somalia almost a week on no one has claimed responsibility but few doubt that its the work of al shabaab the bomb making skills are better and more devastating than ever all reports will explain why and its killing more of the war disaster and hunger pollution filthy air and contaminated water and soil are cutting millions of lives every year a new study has put together more data than ever before about
Jubilation as the Space Program and a speeding,. This is deep and Scientific Understanding and captured the publics imagination. Im sarah harmon, welcome to the program. Friday sought a roller coaster ride for Deutsche Bank. Share prices on the frank for Stock Exchange after the bank reportedly reached an agreement to settle legal penalties in the u. S. And it looks like they will be paying significantly less than what is expected. The news agency afp says deutsche and the u. S. Government will settle on a 5. 5 billion payout. It might sound like a lot but the americans were originally demanding 14 billion for the german lenders role in the 2008 financial crisis. A big sigh of relief for the bank. The German Government. And perha people in general. For more, i will bring in our colleague from our business desk. Good to have you here breaking down the story. Give us context. How bad is this . The next Lehman Brothers or are they out of the woods . I dont think it is. Despite what they a