Comment on Fed to issue bank pay guidelines: source

President-elect Donald Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, CNN reports. The move, Trump said, will be in retaliation for illegal immigration and “crime and drugs” coming across the border.

“President Trump is still liable for everything he did while he was in office, as an ordinary citizen, unless the statute of limitations has run, still liable for everything he did while in office, didn’t get away with anything yet – yet.” — Sen. Mitch McConnell (R-KY), on February 13, 2021, arguing against the need to impeach Donald Trump.

President Biden and first lady Jill Biden will attend President-elect Donald Trump’s inauguration on Jan. 20, CBS News reports.

“As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost,” CNBC reports. “Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office.

New York Times: “Sitting vice presidents have a poor track record of succeeding their bosses. Over the last century, five have become their party’s presidential nominee. But only one — George H. W. Bush in 1988 — won the White House. Before Bush, the last sitting vice president to be elected to directly succeed the president he served was Martin Van Buren in 1836.” “Incumbent vice presidents running for president face unique challenges.