McConnell: Republicans, Obama Could Agree On Taxes, Trade

MarketWatch Pulse

Trade agreements and tax reform are two "significant areas" of potential agreement between Senate Republicans and President Barack Obama, Senate Minority Leader Mitch McConnell said Wednesday. McConnell, who won re-election to the Senate Tuesday, spoke with Obama Wednesday afternoon following Republicans' major gains in the midterm elections. McConnell, who is expected to become majority leader in the next Senate, also acknowledged the difficulty of repealing Obamacare wholesale and pledged there won't be government shutdowns or a default on the U.S. debt.

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