Bloomberg Political turmoil in Australia risks undermining fragile economic confidence as the loss of another lawmaker in the dual-citizenship fiasco left Prime Minister Malcolm Turnbull leading a minority government. John Alexander, 66, became the second government member in the lower house to resign, when he acknowledged he likely inherited British citizenship through his father. While the government will survive with ...

If you want to understand why the tax code is so hard to overhaul, consider the case of the mortgage interest deduction. The issue is so sensitive that the House and Senate are dealing with it in completely opposite ways. To its many defenders and beneficiaries, the mortgage interest deduction symbolizes and subsidizes the American Dream. It promotes homeownership, which ...

On the first anniversary of Donald Trump’s election win, markets in Asia are behaving like the US president’s rhetoric is just background noise. At first, there were knee-jerk reactions. Japan’s Topix Index slumped 4.6 percent on Nov. 9 as investors digested the news while credit-default swaps protecting Indonesian government debt against default rose 26 basis points that week, the most ...