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The 10-Point: My Guide to the Day's Top News

The Wall Street Journal
Good morning,
The Ides of March
Federal Reserve officials sent the strongest signals yet that they could raise short-term interest rates as early as next month, citing in minutes from their latest policy meeting an improving economy and the possibility of more spending and less taxing by the Trump administration. While markets largely shrugged after the minutes were released Wednesday afternoon, the language indicated that the central bank could adopt a more aggressive course of increases this year than officials currently expect. But futures prices show investors still assign low odds to a March move, and are centered on the Fed raising rates just twice this year, as opposed to the three rate increases Fed officials project. The minutes also showed Fed officials expect to start talking about when and how to begin shrinking the central bank’s large asset portfolio.


Reaching for Growth
Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a U.S. tax-code overhaul by August and to deliver economic growth at rates not seen in more than a decade. In his first interview since his confirmation last week, Mr. Mnuchin said slower economic growth since the financial crisis has primarily been an anomaly and a result of Obama administration policies that can be reversed. He said the Trump administration is aiming for a sustained 3% or higher annual growth rate. That’s a number most economists think is unlikely to be attained because of demographic and other changes. Stronger growth would make it easier for the Trump administration to balance competing goals of cutting taxes and boosting spending. One big question is whether the White House will go along with House Republican plans to make a tax overhaul revenue neutral—meaning lower tax rates won’t add to the deficit.
Chilly Reception
Top U.S. officials arrived for talks in Mexico City Wednesday to find a defiant Mexican government refusing to accept President Trump’s tougher immigration and deportation policies. “We won’t accept it because we don’t have to,” Mexico’s Foreign Minister Luis Videgaray said, in an apparent reference to U.S. plans to return illegal migrants to Mexico, regardless of their nationality. Mr. Videgaray’s declaration spelled trouble for Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly, who a White House official said were sent to “talk through the implementation” of Mr. Trump’s guidelines. Meanwhile, the U.S. food and building industries are girding for fallout from tightened immigration enforcement and Mr. Trump’s vision of a wall on the U.S.-Mexico border is running into an unexpected obstacle: opposition from Republicans in Texas.
Those Who Ask
Who knew a government agency could sound so human? Borrowing a page from airlines and other businesses, the TSA has taken to Twitter and Facebook Messenger to solve problems and answer passenger questions. Travelers say it works. It’s real-time interaction that’s highly unusual in government and changing the image of TSA. It’s also a reminder of how important social media can be to travelers, writes our Middle Seat columnist Scott McCartney. Even if you’re not a titan of Twitter or Facebook fan, having an account just for travel troubles can pay off with faster rebooking, lost-luggage information and security answers. We offer solutions to common issues, as well as a quiz on which bizarre items are allowed on board.
A Chance at Life
That Was Painless
Seven alien worlds about the size of Earth have been discovered orbiting a tiny nearby star, and six of them appear warm enough that water could exist on their surfaces, European astronomers announced.

Trump Administration Rescinds Obama Rules on Transgender Bathroom Use

California Farmers Are Bulldozing Their Vineyards, As Appetite for Raisins Shrivels

How the Hit Team Came Together to Kill Kim Jong Nam

John McCain Makes Secret Trip to Syria in Midst of U.S. Assessment

Carlos Ghosn Steps Back From Nissan CEO Role

With Bid for GM’s Opel, Peugeot Chief Seeks to Turn from Hunted to Hunter

Credit Suisse Under Investigation for Aiding Tax Evasion at Israeli Unit

Economy Up, Stocks Down? Don’t Be Surprised
$100 million
The charge ABB said it would likely book related to a “sophisticated criminal scheme” it said was orchestrated by the treasurer of its South Korea unit, who has gone missing. The Swiss engineering company said it suspects that the treasurer forged documents and colluded with third parties to steal from the company.
From where I come from in the Bernie movement, people believe that there are permanent obstacles to change.
Larry Cohen, board chairman of Our Revolution, the political organization that grew from the 2016 Bernie Sanders presidential campaign, on the group’s goal of fundamentally changing the Democratic Party, which will choose its new chairman on Saturday at a meeting in Atlanta.
Going back to our video above, what are your thoughts on the discovery of temperate planets? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on the Trump administration’s new immigration policies, Jack Lavelle of Arizona said: “This week’s increased enforcement effort aimed at persons who came to the U.S. illegally is simply another example of the new president keeping his promises.” Dave Oldham of North Carolina wrote: “When I was in school, they taught us that the executive branch’s job is to enforce the laws put in place by the legislative branch. The executive branch hasn’t done a very good job at that in recent memory. It’s about time that we have someone who is doing what they are constitutionally supposed to do. Sounds crazy, doesn’t it?” But Bill Beck of Michigan commented: “Our deportation strategy should mirror our Bill of Rights. Our Bill of Rights protects our citizens, but also reflects our position on humanity. Therefore, deporting criminals and felons is OK…Deporting suspected criminals is inhumane. We may be backtracking into a Japanese internment camp mentality.”

This daily briefing is named "The 10-Point" after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary "What's News" digest of top stories. Technically, "10-point" referred to the size of the typeface. The type is smaller now but the name lives on.

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