The House Budget, S&P 500, Federal Reserve: Thursday's Top Stories
Summary:
Jane King Has Thursday's Top Stories:
The House Budget Proposal:
The House budget proposal has cuts to social programs and Cabinet agency budgets but it also sets the stage for the tax reform debate later this year. The plan calls for more than $5 trillion in spending cuts over the coming decade, including a plan to turn Medicare into a voucher-like program for future retirees.
The S&P 500 Has Big Goals:
The S&P 500 is trying to keep its record setting streak going. The 7 day streak is the longest since May. The broad index has gained 24% since the election in November 2016.
The Federal Reserve Are on A Speaking Circuit Today:
Federal Reserve officials are out and about on the speaking circuit today. Philadelphia Fed President Patrick Harker speaks as does Esther George of Kansas City. Governor Jerome Powell is also in public and is considered by some to be a front runner to be the Federal Reserve Chair.
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