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Two Bankers Are Selling Trump’s Tax Plan. Is Congress Buying? - The New York Times

posted onAugust 29, 2017
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WASHINGTON — Gary D. Cohn and Steven Mnuchin have spent months behind closed doors with Republican congressional leaders sketching the contours of an elaborate and politically difficult tax overhaul that is President Trump’s top priority. Mr. Trump hopes to jump-start the process on Wednesday, traveling to Springfield, Mo., for a speech calling for large tax reductions and a long-anticipated revamping of the code. But he has largely left it to Mr. Cohn, the director of the National Economic Council, and Mr.

Homeowners (and Taxpayers) Face Billions in Losses From Harvey Flooding - The New York Times

posted onAugust 29, 2017
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Hurricane Harvey may inflict as much as $30 billion in damages on homeowners, according to preliminary estimates. But only 40 percent of that total may be covered by insurance — and of that, the federal government will bear the biggest liability. Private homeowners’ policies generally cover wind damage and, in certain cases, water damage from storm surges.

Hurricane to Cost Tens of Billions, but a Quick Recovery Is Expected - The New York Times

posted onAugust 29, 2017
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The brutal storm pummeling the Houston area is likely to rank as one of the nation’s costliest natural disasters, with tens of billions in lost economic activity and property damage across a region crucial to the energy, chemical and shipping industries. But economists say the region is likely to recover quickly and may even experience a bump in growth from rebuilding. The

Where to Donate to Harvey Victims (and How to Avoid Scams) - The New York Times

posted onAugust 29, 2017
by admin
A large and complicated rescue operation is underway in Houston as floodwaters continue to rise, fed by unrelenting rain. So far, there’s no end in sight. Tropical Storm Harvey is expected to produce 10 to 20 more inches of rain through Thursday over the upper Texas coast, where some areas — including the Houston metropolitan area — may see accumulations of up to 50 inches. Here are options to help. The American