Economics & Economy

(Markets Edition) The House of Representatives is set to vote on whether to approve funding for the federal government to stay open for a few more weeks. But what happens if the government does end up shutting down? Economist Diane Swonk explains how that could affect the implementation of the GOP's tax overhaul. Afterwards, we'll discuss what Apple plans to do with the billions of dollars it plans to bring to the U.S. from overseas, and whether this decision had to do with the new tax bill.

Amazon narrows list to 20 for its second headquarters

Jan 18, 2018

NEW YORK (AP) — Amazon has narrowed its hunt for a second headquarters to 20 locations, concentrated among cities in the U.S. East and Midwest. Toronto made the list as well, keeping the company’s international options open.

The online retailer said Thursday that after sorting through 238 proposals, the potential locations still include tech-strong places like Boston and New York. Other contenders include Chicago, Indianapolis, and Columbus, Ohio, in the Midwest.

One of the big promises made by Donald Trump during the presidential campaign was that he was going to bring manufacturing back to this country. We spent some time in Pennsylvania talking about manufacturing with people in the industry for our series The Big Promise and spoke with Cary Quigley, the vice president of Sterling Technologies in Lake City.

How to lower your income tax bill

Jan 18, 2018

One business columnist is so disappointed in the Republican tax overhaul, that he's been on a quest for creative ways to reduce his tax bill. 

"If we had anything like a fair and rational and reasonable procedure, I probably would not aggressively be out cutting my taxes," said Allan Sloan, a Washington Post columnist and Marketplace regular. 

President Donald Trump is visiting a heavy equipment plant in Pittsburgh today, to campaign for a Republican candidate looking to fill a vacant congressional seat there. The president is expected to promote the new tax bill and tout recent growth in U.S. manufacturing — a sector he campaigned on saving. 

Click the audio player above to hear the full story. 

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