bigill do that with a event, with steve mnuchin and the legislative team on monday. us through how you will spend that money? you say will put resources and money behind tax reform going forward. how you deploy that? what kind of resources? >> we're full-time staff that is permanent and 36 states from arizona to new hampshire to florida to montana. everywhere in between. hundreds of staff on the ground. they are permanent. we will be launching the events, tax reform events across the country to explain to the public why this is so important to get the economy moving again. we will be encouraging republic since -- republicans to go big on this. it begins in indiana. i will be in indianapolis on thursday a fort wayne. here in washington dc this thursday with steve mnuchin. we get trump a lot of credit. back in april they put out a good tax reform blueprint. lowering corporate rates to 15%, klaxon -- collapsing individual rates from other models. it is a good group -- with the border adjustment tax out of the picture now there is good unity between congress and the pres

to go to steve mnuchin and said, great, we will have a repatriation tax policy.e says, let me go to my battery of assistants. he has one. and there is no one more cap able and confident than he is. think of the reservoir troops. when we talk about forever trumpers. there were probably only three, jerod, ivanka, melania. he had no resources. unlike hillary or president obama, who had vast resources, or on the republican side who had people who had been in politics and were available to come to these positions, remembering that the position pays $125,000 a year and you go through the government ethics act -- you want to be punished? can you imagine going into the government at this point in time with everything in front of you? and now you have a president under fire. you have five investigations going on. i have a great job for you. the jobless pay through $119000 and you have to go through ivy -- fbi clearance checks and press interviews. and at the end of the day, here you are, very difficult. they are doing a great job now following that resource base. once tha

you will see mnuchin and say we let the repatriation tax policy. steve says let me go to my battery of assistance. he has one. he is very capable and confident people, but it will take another three or four months to get that reservoir of troops. first of all, when we talk about forever trumpers, there are probably only three. jared, ivanka and melania. there was nobody at the beginning he really thought this president was going to have that she had no resources. unlike hillary or obama, who had vast resources, or even the republican side that teams of people who are governed and been in politics, available to come in to these positions, from every a great position pays $125,000 a year. you want to be punished, whips on your back? can you imagine going into the government with everything in front of you? now we have a president under fire. 500 investigations going on and he says i have a great job. i want you to the assistant secretary. give up your $1 million your salary. i will give you $119,000 year. there are 17 press interviews. at the end of the da

look at what steve mnuchin said about this. >> i think this is a very important step forward. this is about having capabilities to make sure that we both fight cyber together, which i think is a very significant accomplishment for president trump. >> so there you go. at 10:00 a.m. yesterday when steve mnuchin could have been on a megayacht in the mediterranean he went on tv and said this was a significant achievement, an advancement, then the president said forget it. >> and did it by the way with a straight face. you're thinking here's a guy trying to sell the american people this. we're going to put willie sutton in charge of bank security, okay? because who knows more about stealing than he does? and what the fact of putin is when trump gave him the big-guy handshake the other day in hamburg, the first thing that trump should have done is count his fingers after shaking hands with putin. he cannot be trusted. guy's a hoodlum, okay? and the idea that he's going to be a good partner for this country is dumber than rocks. >> i also think it's interesting you heard after their

then you have got, take a look at picture of secretary of treasury steve mnuchin.he is actually speaking at an event here in washington. young americans for freedom, young america foundation. he said it will be simpler tax code on a postcard. kevin brady talks about that. a tax form would be very simple, one page, postcard size. but details. are we getting 15% corporate tax. cohn said they're working toward that but the administration, which keeps saying 15%, 15%, congress said 20 to 25%. almost sounded in the meeting with cohn maybe the administration will come up a bit to 20 or 25% for the corporate tax. stay tuned. lauren: we will. adam shapiro, thank you for that. as you heard adam report the white house is going full force straight ahead with tax reform, with the president himself hitting the road this week to sell republicans tax plan. we got to ask, can he get this done and when? joining me now, chief economist at chase, anthony chen. conservative commentator, kristen hag land and democratic strategies michael hopkins. good to see you this afternoon. chris,

flight home, as you mentioned, those three administration officials, gary cohn, hr mcmaster and steve mnuchin were asked about this and didn't set the record straight. listen to part the exchange with secretary mnuchin. >> another country making a statement about the president of the united states. do you not want to respond to that and correct the record if it's long? >> i won't make comments about what other people say. president trump will be happy to make statements himself about that. but the president handled himself brilliantly. he made his position felt and after substantive dialogue, they agreed to move on to other discussions and i think that it is very clear that they have opened the dialogue, that it's important to have a dialogue. as we said, they focused on a cease-fire on syria, focused on making sure that we have a cyber unit to make sure that russia and nobody else interferes in any democratic elections and we focussed on the issue of north korea which is a major concern to us and all our allies. >> so you hear secretary mnuchin dodging that question and you also heard that p

steve mnuchin. --ning remarks and that and that u.s. that there are benefits for real robust growth. it will help china and help consumers and refer to the 100 day plan that has made some progress. he says there is a big agenda today and it will have a robust discussion. i want to turn back to been labor. starting with you right here, what are the possibilities for growth actually coming from improved trade relations with china? is the secretary right? ben: the backdrop has approved significantly. i think do no harm would be a good take away here for everybody. global trade after five years has been more robust -- of being moribund has accelerated significantly. the other point i would say is that there is common ground here. the chinese are concerned about overcapacity and significant industries that they have. they concerned about the sle segment. they are working on that. thehan: what's likelihood of getting any kind of win out of these conversations? isaac: i think broadly speaking, what we should expect is for both sides to do just

steve mnuchin spoke out on a terrible day for the dow.t was 250 points down. it came back when steve mnuchin was talking about tax cuts. here is what he said. you get tax reform done this year, it's one of the top priorities for economic growth. i think the people of america understand that. we need economic growth and are committed to doing that. regardless we ared to getting tax -- regardless, we are committed to getting tax reform done. david: when he said that, the market turned around. steve: the word "regardless" is important. he's saying we are going to get a tax bill. david: the person who put tax cuts behind healthcare was paul ryan. he said it had to be done. we now understand it didn't have to be done. how can, if he continues to be an obstacle to tax reform, how can the president and mnuchin go around him? steve: with public opinion and his own caucus. house republicans know they could lose the whole game next year. i think they will begin to look over their shoulders and realize they will have new job opportunity next year if

>> look, need repeal and replace the gop and maybe steve mnuchin too. i think steve mnuchin is trying to do a good job, i don't think they will get it done. they all said they would get obamacare done, said would get tax reform done. they lied about every single one of those dates. i think what will get done what lindsey said, some parts get done. there are bipartisan agreements between the corporate tax and repatriation of money that would do wonders for this economy if you get that done. i don't think tax reform overall can get done. melissa: stand by for one second. we have earnings alert. alcoa reporting second quarter results. nicole break those down for us real quick. >> check it out. earnings per share 62 cents. that beats estimate of 60 cents. revenue a win there. not seeing movement just yet for alcoa ultimately giving outlook and increasing forecast for demand growth going forward. alcoa on the move year-to-date up 30%. back to you guys. melissa: nicole, thank you. attack the rich revolt. republicans in washington are calling for civil disobed

that point, trump lost faith and embrace the globalist wing of the trump administration led by steve mnuchiny cohn. david: let me ask about the way corporate history dovetails with steve bannon going to harvard business school and then goldman sachs -- there is that. there's also the way that don't trump has aligned with corporate america. he was positioned to be a 19 nighting figure politically. josh: at the time i did not realize it was happening -- you go back to 2004-2005, the apprentice is a huge hit. not only because it draws 20 million viewers, but trump was more popular with black and hispanic viewers than he was with white viewers. apprentice and trump a wonderful advertising vehicle for fortune 500 companies like toyota and mcdonald's and home depot, many of which advertised with them for years and years. has built up this audience , has built up an appeal and republicans would have loved to more young people and minorities and african americans -- trump was really poised to run as a transformative republican candidate who could have run on entrepreneurial pro-business, big tent co

mike emanuel, thanks. >> molly: steve mnuchin and white house director of legislative affairs mark shortre taking tax reform as republicans reboot their legislative agenda. i'm joined by richard fowler and also david avela. thanks nor being here. we appreciate it. >> good to be here, molly. >> molly: kicking things off when we want to talk taxes. the republicans have had a tough time getting forward on healthcare. do they see more eye to eye? is there more of a collaborative effort with tax reform? david? >> if we can't pass tax reform, it will be time to deflate the football and send the pigskin back to the pigs. we have to pass tax reform. it's ultimately helping spur the economy, that which is consumer spending and the belief by job creators that we're ultimately going to do tax reform. if we want to bolster what is going on in the economy right now and we want to actually spur it, we'll pass tax reform. >> molly: richard, what can democrats do here? is there a chance we'll see republicans reaching out to them? we're seeing there may be some forced collaboration on healthcare. where d

steve mnuchin our treasury secretary is betting on it. >> i think the second quarter will show a 3% change. it's deceptive because they are having a problem with the seasonal adjustments. as a general rule i tend to average them. if the average is 1.4 and 3.0. that's not terrific number as far as gdp is concerned. but it in turn is exactly what you would expect at the levels of productivity growth we have now experienced for a number of years. maria: i had a chance to talk to allarion. >> the condition to believe that central banks are their best friends forever. but the effectiveness of central bank policy is declining because it's only a limit beyond which you can simply build a bridge to nowhere. at some points you have to build a bridge to better fundamentals. that's why the central banks need to hand off. maria: they are suggesting maybe the stimulus comes to an end soon. the fed raising interest rates. how do you responds? alan greenspan: i are always thought mohammad is thoughtful ande is in this case. we rarely disagree, but this is not one of the cases where we disagree. he's righ

. >> to be fair, the treasure secretary steve mnuchin and h.r.cmaster and gary cohl were not in the president and telling you what they were told. the president has to answer this. what is your take on why there has not been clarity on? >> this is where the president matters both on specific issues or on allish. the president has sent mixed messages when, at a press conference the day before the meeting, he vacillated and hesitated to say that the russians had intervened in the 2016 election, he set up the kind of speculation that now exists since no one else was in the room other than these men. and so when unfortunate those contradictions, when you have questions of credibility and then the president doesn't follow-up by directly addressing the issue, it shouldn't be a surprise that many people are skeptical about which side of the account is actually true. >> errol, u.s. ambassador to the u.n. nikki haley will be on "state of the union" later this morning and she was asked about this exchange with president putin and here is what she said. >>

stephen bannon had been pushing tax break while steve mnuchin said the story was unfounded. the g-20 wrapped up in hamburg. home havingump flew on trade.n he had his first sit down with vladimir putin, with a a great to a cease-fire in syria. theresa may will call on opposition lawmakers to keep written out of the european month'ster last disastrous election. she is expected to say social and economic reform is needed to make a successful exit. in a side of her weakness, she will call for cross party corporation to deliver it. china's price gains held up in june with factory gates coming in at 5.5%. consumer prices gained 1.5%. despiteemains robust excessive borrowing. controls on building construction could soon way on on demand.weigh the launch of the first futures contract for the commodity since the middle of the 1980's. the london midland exchange for almost half the world's gold changes hands. sinceggest reduction 2016. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: to say that thi

so that is why i think all roads to thoek le s ts to north through beijing. >> we did hear from steve mnuchinadout from the meeting that the president held with the chinese president. mnuchin says i think there were substantive discussions about the financinging of north korea. we had substantive discussions about ways of dealing with north korea together and in-president made it clear to president xi that he is moving on this issue you and wants to move forward and make progress. gordon, you think you may though where this is headed? >> yes. it's significant that mnuchin was the one briefing reporters because it was last thursday that mnuchin's treasury department cut off a small chinese bank for money laundering for north korea. i'm sure the discussion in hamburg was that was a small bank, i'm going after the big chinese banks that have been money laundering for north korea including bank of china, one of china's big four banks, because the u.n. in a report last year named bank of china for money laundering. so i'm sure that that is where the conversation was during that very direct discuss

in the meantime, steve mnuchin, one of his cabinet appointees go out and say this is a significant achievement that the president should be tweeted for. the president hours later, j.k., just kidding, i'm not serious about this. this is another example of creating his own mess it's not really clear to what end. >> it's a transparently bad idea. in the wake of russians trying to influence the election, you'll dough a cyber security and get in bed with them, administration surrogates come out including nak nikki haley, steve mnuchin trying to say it's an accomplishment of our president and the president undercuts it. part of the question is how did such a transparently bad idea get elevated to the g20 in the first place? >> that's assuming that it did. i think this came from the president. this was a tweet from him. there wasn't anybody from the nsa recording it. no objective take on it. the russians didn't say this was in the offing. this is something the president may have decided to tweet to show some kind of progress and ran away from it. >> you think the president made that up? >> all i know

treasury secretary steve mnuchin stays he is still committed to getting tax reform done by the end of you watch him here? >> let me just say we're absolutely committed to getting tax reform done this year. i think it is critical for economic growth. you heard us say we need to get back to 3% or bet gdp. our plan to have a full-blown release of the plan the beginning of september, and getting this voted and passed before the end of the year. trish: yeah, yeah, yeah. we've been hearing this for a while, right? joining me right now "wall street journal" chief economics correspondent, john helps send rath. we would like to see it yesterday. >> i like your reaction, yeah, yeah, yeah. trish: kind of feeling that way, groundhog day or something. they want it. committed to it. but not just like steven mnuchin and president trump we're talking about here. they have to get everybody else on board and health care taken care of. what are the odds here? >> well so the odds, i think are very low for a comprehensive tax overhaul. i think because there is so much pressure on them to do something, som

steve mnuchin, gary cohn, and others in the administration know better.ke and mirrors they should use facts and figures, economics and analysis on a subject as serious as the nation's economic outlook. next on "gps" -- >> build the wall! >> the proposed wall on the mexican border is just the start of the nationalism and isolationism that could be coming to this new america. the man behind it all, steve bannon. we'll go inside his brain when we come back. really. for me. bye. another referral. our customers love us. (nail gun firing) (glass egg shattering) when the unexpected strikes... don't worry we've got you covered. the hartford strikes back. on a hotel just go to priceline. they add thousands of new deals every day at up to 60% off. that's how kaley and i got to share this trip together at this amazing hotel. yeah ash and i share everything - dresses, makeup, water bottles... we do? mmhmm. we share secrets, shoes, toothbrushes... what? yeah i forgot mine so i've been using yours. seriously? what's the big deal? i mean, we even dated the same guy. who

steve mnuchin and gary cohn. they articulated a strong plan to make u.s. economy more competitive.n important part of that. repatriation of overseas capital. if you want idle capital back to work in the real economy, investing in plants and equipment. my flame are americans, at least half of them. in the last few decades, american infrastructure as we see received less attention it should have. the focus on these issues of productivity, investment in the real economy, of making the economy more competitive, protecting an economy of is tomorrow an admission of weakness. protectionism as we all note results in greater poverty spread amongst a greater part of the population than wealth creation. but focusing on making the the economy more competitive. the edu has been and uncompetitive sector for a long time. so i think that focus is essential. of course, there is the legislative agenda with some sequence sensitivities between reform of the healthcare plan or the obamacare and tax reform. and all of these must be looked at in detail and it's not appropriate for me from overseas to com

i was listening to steve mnuchin, talk about tax reform i was saying amen if i was in church. we have to get it done. melissa: we said it before, steve mnuchin folks reassuring people behind the scenes, ceos in wall street they are going to get this done. that it will be in place by the end of the year. he understands the gravity. that is not the case what that means to the markets, economy, to people that he told, he has to get it done. >> steve i think this is more important to the markets than health care. bad news i heard from various people, very involved in this process last week, they are really far from coming up with a solution. they still don't know where to get missing revenues. that is the problem. if you cut tax rates which is what they want to do, you forego revenues. they have to make that up to get it through reconciliation. they don't know where to go. that is a problem. melissa: start with the beast of government. shrink it down. >> do that too. melissa: you talk about, making up revenue. that is my revenue. don't make it up. live without it. >> the problem t

this year at the treasury department had a particularly contentious toechblt treasury secretary steve mnuchinhina to allow more access for u.s. firms and blamed the trade gap on chinese government intervention. >>> housing starts jumped 8.3% last week, the strongest pace in four months. home building surged in the northeast. stunning 83%, 22% in the midwest. the gains ended three straight months of declines. the new construction has been unable to keep up with demand. >>> amazon is now in the social network business. amazon spark is focused on shopping and only available to amazon prime customers. spark is currently available on amazon's iphone app and android versions are flanned. >>> and there's enough plastic waste in the world to bury manhattan in more than two miles of trash. sense 1950 more than 9 billion tons of plastic has been manufacturing. that's according to a science jushl study. since they don't break down, three quarters end up as waste in landfills. china makes the most plastic flouled by europe and north america. anne-marie. >> hena daniels at the new york stock exchange. tha

gary cone and steve mnuchin are not going for.s the president is inclined to raising tax onz the rich. he said this publicly. one thing the president does say privately and publicly is that he's always going to look after my people. and by that he means his base. one of his biggest problems with the first round of the health care bill was that it wasn't good for his people. now i think if you are going to bet on this proposal, it's just about as close to dead on arrival as you can possibly be you never know with steve bannon he does still walk into the oval and talk to donald trump you can never be quite certain in terms of predictions with this administration. >> jonathan, is this a reflection of where the influence of steve bannon is relative to others the administration and we mentioned cohen, mnuchin and what does that say >> i'm not sure it says a whole lot. bannon sees his role in the white house very much as provocative is not the right word that trivializes it. he sees his role as pushing extreme unpopular position that's

. >>> treasury secretary steve mnuchin is not expected to increase the top income.plan to introduce it from 39% to 35% and lower tax rates for the middle class. it's unclear how the administration straugs plans to offset the cot of those cuts. >>> we're getting a first look at the brand-new tesla model 3. the model 3 sedan will cost $30,000. it can travel 216 miles on a single charge. it already has orders for more than 370,000 cars. >>> and a big debut for "spuderman" homecoming. >> wait a minute. you guys aren't the real avengers. > >>>. >> the latest movie in the last 15 years exceeded expectations pulling in 117 million thrs in ticket sales opened this weekend. "despicable me 3" finished second and "baby driver" finished third. >>> ahead am mon prime day kicks off tonight. dan ackerman shows us the deals including special deals on voice ordering on alexa devices. >>> and still to come, pumping iron. we will take you to a gym that helps disabled people get fit. but no matter what path i take, i go for my best. so if there's something better than warfarin, i'll go

i know the treasury secretary, steve mnuchin, the commerce secretary intimately involved.h huckabee sanders will be a part of this. there's an organized tax reform roll-out that will include capitol hill and the white house and the president on the road doing those campaign-style speeches that we've seen so many times, shep. >> shepard: the budget is a big and complicated matter. what about the can be heading for another situation that we've seen before. >> we have. bret, great to see you. >> thanks, shep. >> shepard: we're waiting for the news conference. neil cavuto is coming up in the next hour. there will be updates on venezuela and the situation with north korea, which is clearly saber-rattling down there. in addition, we've gotten word, it's confirmed, you may have seen it, los angeles gets the 2028 olympics. the olympics coming back to the united states for the first time since atlanta back in 96. the final bell is ringing on wall street. it's an update on wall street and another all-time high. cavuto starts now. >> neil: you're right on that, shep. welcome. i'm nei

but sifous, which is the government body that you're referring to that steve mnuchin chairs has to approve this deal. and today, you know, the wall street journal reported that another deal at hna was trying to buy, a company called global eagle for about $500 million, that deal fell apart because i think they didn't believe that sifous was going to approve it. that hna deal fell apart. obviously that's much bigger than the anthony scaramucci sky bridge deal. so people are wondering if this deal is going to get approved. anthony thought this deal was going to get approved july 15th. he's now technically not supposed to start at the white house until august 15th. he clearly looks like he has started because he thinks the deal will hopefully close-by then. but it's a very odd position for him to be in where he's about to get potentially $90 million that he can then as you know transfer into a treasury securities on a tax deferred basis saving even more millions and it's up to donald trump and steve mnuchin to decide. >> this is important to remember that the regulators can do what they want,

nice of you proved approved by a panel that steve mnuchin heads.ble that the deal will fall through. he would be in for a capital gains tax if he did sell it which i'm sure he does not want. with -- while he waited up getting confirmed in the oecd job which -- now i don't know where any of that stands. if anthony is smart he will retreat, rebuild, keep a low profile and rebuild his reputation and credibility if he can. >> he restated the importance of yvonne scott kushner and jared kushner in the operating process and how you have to operate. who replaces anthony scaramucci. in light of changed the new white house chief of staff? >> this is the fourth white house official out in 10 days. it is so important to remember what is going on here. as we are having this discussion, steve mnuchin is outlining sanctions against the venezuelan president. we are trying to get the legislative agenda restarted. watchingld leaders are what is going on with this chaos. there will be joke and laughs and talk about convulsing in the white house but this is incredibl

. >>> treasury secretary steve mnuchin says the trump administration is not considering a tax increasee wealthiest americans. mnuchin says they plan to introduce their new tax plan by november. they plan to introduce it from 39% to 35% and lower tax rates for the middle class. it's unclear how the administration plans to offset the cost of those cuts. >>> we're getting a first look alt the new battery powered tesla model 3. ceo elon musk tweeted photos of the car over the weekend. the model 3 sedan will cost $35,000. tesla says it can travel 216 miles on a single charge. it already has orders for more than 370,000 cars. >>> and a big debut for "spider-man" homecoming. >> wait a minute. you guys aren't the real avengers. >> the latest movie in the "spider-man" franchise exceeded expectations pulling in $117 million in ticket sales its opening weekend. last week's top film "despicable me 3" finished second, and "baby driver" finished third. >> roxana saberi at the new york stock exchange. thank you so much, roxana. >>> ahead, amazon prime day kicks off tonight. dan ackerman of cnet shows

his tweets about the meeting and heard from vladimir putin and steve mnuchin.rt through it, everybody is saying, it appears they basically said let's grow to disagree about what happened to the election and let's move on. >> it sounds like that. i think but to step back i think perhaps even more important, there was a dialogue established at a time o u.s./russian relations. i think it is in america's national interest to have a working partnership with russia and they propose to cease-fire, we've seen cease-fires fail in syria but thousands of lives may be saved and the destabilizing refugee flow is in europe which were subject to the g20 may be halted. i think you need a working partnership to halt nuclear escalation, nuclear proliferation to combat terrorism so i step back, the nation set -- the nation leads the resistance against trump. i don't see this in the context of the two men but in america's national interest to have this working partnership. >> that makes sense but, eric swalwell, the price is soft pedaling russian meddling. >> i think the president

we want to take you now to washington, for treasury secretary steve mnuchin is speaking.in on what he has to say. >> tepid economic growth projected -- rated projected shortfalls for social security and medicare. to help make these program sustainable into the future, we should focus on strengthening the economy today. compounding growth will help ease projected shortfalls. to this and, it is essential for us to implement tax and regulatory reform. a return to normalize level of 3% or higher gdp growth means trillions of dollars into the economy in additional revenue to meet our obligations. persistent and strong economic growth can help bring these programs to sustainable solvent states. this is why the administration's program for economic growth is so important. and now i'd like to turn it over to secretary price. thank you very much, secretary mnuchin. good afternoon, everyone. it is a great honor to be here today, representing the department of health and human services as a trustee of social security and medicare. to my fellow trustees and all the folks at the depar

you have president trump and steve mnuchin just saying, no, we should move to the repeal then replace option. what's your answer? >> i agree with the president and, indeed, that's something mike lee and i both urged back in january. we pointed out that congress has voted 40, 50, 60 times to repeal obamacare, and mike lee and i both said, all right, let's start with the language in 2015 that just about every republican voted for in both houses. let's pass that, have it go into effect a year or two years from now and then spend that time debating the replacement. at the time that proposal was rejected by leadership and the administration, but if we can't get this done right now, i agree with the president then let's honor the promise on repeal and spend more time to get it done but let me be clear, george, i believe we can get it done. i think there is an agreement, my objective for the last six months helping lead the working group on health care has been to reach consensus to bring together and unify the republican conference and the way we do it is focusing like a laser. how do we lo

this comes as paul ryan, mitch mcconnell, steve mnuchin, and other gop leaders released a joint date meant on their plans saying they hope to push tax reform through conger -- statement on their plans saying they hope to push tax reform through congress this fall. this is bloomberg. ♪ scarlet: we head to washington. breaking news. the border adjustment tax is out of the attempt to overhaul the tax code. kevin, this border adjustment tax was really something house republicans were in favor of. not much this and it or the president. there was deep divide within the republican caucus on the border adjustment tax. paul ryan was an advocate for it and largely pushing for it, but freedom caucus members said they were against it. after heavy lobbying by retail industry groups, this is a big win for retailers who have evidently press the white house pressed-- significantly the white house as well as congressional leaders. headlines crossing the terminal as we speak. the border adjustment tax will be left out of this latest version of a framework for a tax plan. julia: how are they going to f

a quick note, we'll have much more on the g20 news, plus george interviews treasury secretary steve mnuchin and senator ted cruz tomorrow on "this week." >>> we move on to what appears a major development in the fight against isis. iraqi soldiers backed by american forces are said to be on the verge of victory in the city of mosul, which was once the center of power in iraq for the terror group. some soldiers celebrating, even as they wait for an official declaration of victory. the fighting is not over yet, though, and abc's senior foreign correspondent ian pannell is fresh from the front lines. >> reporter: tonight, the final battle against isis in mosul, eight grueling months of nonstop war. iraqi state tv says the battle is hours from victory. we went with special forces' general saadi towards the front line, with american and coalition forces flying overhead. >> airstrike. >> another airstrike. american? >> yeah, american. >> reporter: hard to imagine anyone could have survived here, but we watched civilians emerge from what remains. shellshocked and shattered, held by isis as human sh