Wall Street slips on worries over tax plan's progress | Reuters

Reuters| Fri Nov 17 10:00:03 EST 2017
(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans’ efforts to pass the tax bill. The House of Representatives took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980s, approving a broad package of cuts, while a Senate panel advanced its own version of the legislation. Tax debate shifts to the Senate, where the plan has already faced resistance and the Republican majority is much slimmer. “The market is still kind of nervous with respect to the tax bill moving to the next stage,” said Massud Ghaussy, director at Nasdaq Advisory Services. “The GOP can afford only two defections and they are not expe..

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