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The White House is setting a new timeline for comprehensive tax reform, based on reported comments made today by chief economic advisor Gary Cohn.
U.S. Treasury Secretary Steve Mnuchin had originally said that he wanted tax reform done by the Congressional recess in August, but later told the FT that such a timeline was "highly aggressive to not realistic."
Former VP Joe Biden pushed back Thursday against allegations from President Trump, saying he had never profited from foreign sources. "Nothing was unethical," Biden told debate moderator Kristen Welker about his son Hunter's work in Ukraine while he was vice president.
Why it matters: Earlier on Thursday, Hunter Biden's former business partner, Tony Bobulinski, released a statement saying Joe Biden's claims that he never discussed overseas business dealings with his son were "false."
President Trump repeated baseless claims at the final presidential debate that the coronavirus "will go away" and that the U.S. is "rounding the turn," while Joe Biden argued that any president that has allowed 220,000 Americans to die on his watch should not be re-elected.
Why it matters: The U.S. is now averaging about 59,000 new coronavirus infections a day, and added another 73,000 cases on Thursday, according to the Covid Tracking Project. The country recorded 1,038 deaths due to the virus Thursday, the highest since late September.
Illustration: Aïda Amer/Axios