Cohn Says Trump To Launch Major Push On Tax Reform Next Week

Trump to start tax reform process next week, Cohn says

Trump failed to single out white supremacists for their role in the bloodshed, saying there was blame "on both sides", and that there were "very fine people" among the white supremacist protesters, who were opposing the removal of a statue honoring Civil War icon Robert E Lee.

White House chief economic adviser Gary Cohn has spoken "many times" with President Donald Trump about his comments on the Charlottesville violence almost two weeks ago, press secretary Sarah Huckabee Sanders said Friday.

Now it falls to the House Ways and Means Committee to "put flesh and bone on it", Cohn said.

"It has taken Gary Cohn nearly two weeks to find the backbone to gently criticize Trump's apologism for white supremacists, the KKK and neo-Nazis", the group said in a statement. Mr. Cohn is a former executive at Goldman Sachs.

In the interview with the FT, Cohn also discussed Trump's controversial response to the recent violence in Charlottesville, Virginia. As a patriotic American, I am reluctant to leave my post as director of the National Economic Council because I feel a duty to fulfil my commitment to work on behalf of the American people. But I also feel compelled to voice my distress over the events of the last two weeks. He said he would not be bullied by hate groups into quitting. The goal is a plan that reduces tax rates as much as possible, allows unprecedented capital expensing, places a priority on permanence, and creates a system that encourages American companies to bring back jobs and profits trapped overseas. "So I don't think anyone was surprised by the comments". "We must all unite together against them", Cohn said.

In addition, Treasury Secretary Steven Mnuchin, who rejected calls from Yale University classmates and alumni to resign after Trump's comments, said Friday that "Gary is committed to being here". Axios is totally right to note that Trump will bristle at this not only on the merits, because Cohn is criticizing his Charlottesville response as insufficient, but because he's siding with the dreaded media in leveling that criticism.

Dollar index steady; Jackson Hole meeting in focus
Fujitsu rose 0.6 percent on a Nikkei report that the company is looking to sell its mobile phone business amid stiff competition. Investors looked ahead to Thursday's annual Jackson Hole gathering of central bankers and economists.

Strike stalls banking transactions
Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions will be affected. Public sector banks now control 75 percent of the total banking business.

Xbox One X 'Project Scorpio' Edition Available to Pre-Order Now
Information about pricing and availability will likely be revealed by Microsoft during its Gamescom event in Germany today . In the box is a creeper themed controller , but there is an optional pig theme controller for purchase separately.

Asked Friday if he associated himself with Cohn's criticism of Trump, Mnuchin referred back to his Sunday statement. "And under no circumstances was I going to resign".

Donald Trump's top economic adviser said on Thursday said that the Trump administration "can and must do better" in addressing America's racial divisions.

"Gary and I have known each other for 20 years".

"Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK", Cohn said in a clear rebuke of his boss.

Cohn told the FT that the president must do better "in consistently and unequivocally condemning" groups like the Ku Klux Klan, neo-Nazis, and white supremacists.

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