Energy in America

Business Highlights

___ Trump signs, lauds tax overhaul, off to Florida for holidays WASHINGTON (AP) — President Donald Trump has signed into law a $1.5 trillion bill that provides generous tax cuts for corporations and the wealthiest Americans, plus smaller cuts for middle- and low-income families.

Business Highlights

___ Tax pros are suddenly very popular, if a little confused WASHINGTON (AP) — Don't feel bad if you don't understand how the new tax bill will affect you.

Positive IMF review paves way for $2B transfer to Egypt

The latest review by the International Monetary Fund has found that Egypt's economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a three-year bailout loan.

Half the Saudi population receiving welfare in new system

Saudi Arabia has paid 2 billion riyals ($533 million) in the first monthly installment of a new welfare system for low and middle-income Saudi families that make up approximately half of the kingdom's population.

Business Highlights

___ Trump celebrates after Congress wraps up massive tax package WASHINGTON (AP) — President Donald Trump cheered a massive overhaul of U.S. tax laws Wednesday, saying "we broke every record."