Rep. Claudia Tenney, (R-NY), on President Trump's budget proposal and infrastructure plan. Wall Street firms are getting ready to cash in after President Donald Trump’s administration released an infrastructure plan that could turn out to be a boon to their companies’ bottom lines. Macquarie Capital, one of the first banks to invest in infrastructure projects around the world and likely a major benefactor of Trump’s proposal, seemed hopeful that this could be the beginning of future business...

FOX Business' Charlie Gasparino discusses how private equity firms lobbied to keep the carried interest loophole in the GOP tax reform bill. The private equity industry maintained its grip on congressional leaders in 2017, spending exorbitant amounts on lobbying, especially to influence the tax reform bill and maintain the carried interest deduction, FOX Business has learned. At least six private equity groups attempted to sway congressional lawmakers as they put together the tax reform bill,...

FBN's Charlie Gasparino on Treasury Secretary Steven Mnuchin saying he will eliminate the carried interest tax loophole. Private equity firms were high-fiving Tuesday afternoon when Treasury Secretary Steven Mnunchin suggested that the industry would be able to fully retain a lucrative but controversial tax loophole, under a budget and tax proposal being considered by the Trump administration, FOX Business has learned. Speaking at the Delivering Alpha conference in New York, Mnuchin said the...