|Banks execs planning dividends will feel sharp pains following Fed stress testing.|
- Gross domestic product declining 4% vs. 1.5%.
- Unemployment reaching 13%, vs. 11%.
- Home prices falling 21% vs. 11%.
- Equity markets declining 52% vs. 27%.
The number of owners expecting the national economy to improve over the next 12 months spiked to 51%.
Rep. Maxine Waters, D-Calif., took issue with a provision in a Republican banking relief bill that includes a measure allowing the biggest banks to combine if they held more capital
President Donald Trump is expected to stick with a campaign pledge to slash the corporate tax rate from 35% to 15%.