Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
Essential Reads
President Trump signed an executive order Thursday establishing a working group on digital assets led by David Sacks, the White House czar for artificial intelligence (AI) and cryptocurrency.
Costco’s board rejects anti-DEI motion, defends ‘respect and inclusion’
Full StoryPresident Trump on Thursday accused two major U.S. banks of discriminating against conservatives during a live event with the CEO of one of those firms.
Tax Watch
President Trump said Thursday he’s working with Democrats on extending and building off of his 2017 tax cuts — one of the top legislative priorities for Republicans, who are split on many of the law’s wide-ranging provisions.
During an event in Davos, Switzerland, Trump suggested that passing another major tax package hinges on Democratic support, even as Republican lawmakers look to advance his agenda through a budget process that would allow the GOP to sidestep Democrats.
But House Minority Leader Hakeem Jeffries (D-N.Y.) said Thursday that Trump had not reached out about a tax deal to Democrats. He added that his caucus does not approve of the Republican approach to make budget cuts while delivering tax cuts that he sees as skewed to the wealthy.
“Extreme MAGA Republicans want to enact massive tax cuts for billionaires and wealthy corporations and stick working class Americans with the bill. We’re not down with that approach.”
Read more here.
— Tobias Burns
In Other News
NEW YORK (AP) — Costco shareholders rejected a proposal urging the wholesale club operator to evaluate …
Good to Know
S&P 500 closes at a new record, Dow jumps 400 points as Trump pushes for low rates, oil (CNBC) Trump wants federal workers back at their desks. Why that may be harder than it sounds (CNN) WTO Chief Says Don’t ‘Hyperventilate’ Over Trump Tariff Threat (Bloomberg)Senate advances Hegseth nomination; Collins, Murkowski vote ‘no’
President Trump signed an executive order Thursday directing the release of federal government documents related to the assassinations of former President John F. Kennedy, former Attorney General Robert F. Kennedy and Martin Luther King Jr. Read more
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