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Gary Cohn on US economy, government shutdown

This week marks one year since the passage of the Tax Cuts and Jobs Act. The legislation reduced tax rates for individuals and increased the standard deduction. It also cut the corporate tax rate from 35 percent to 21 percent. As part of our series, Issues That Matter, we're taking a closer look at the impact of those tax cuts one year later. Gary Cohn, who served as director of the National Economic Council and as chief economic adviser to President Trump during the tax debate, joins "CBS This Morning" to discuss the state of the economy. Cohn resigned from his White House post in March.

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Government shutdown deadline looms

A partial government shutdown could begin Friday, December 2 at midnight if Congress and the Trump administration cannot come to a deal on funding. President Trump is seeking $5 billion for a border wall, but Democrats object. Meanwhile, a federal judge has ruled the Affordable Care Act to be unconstitutional, but the law remains in effect, and Democrats plan to challenge the ruling. CBS News Washington correspondent Paula Reid has the latest details.

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