Trump Proposes Semi-Annual Earnings Reports for Companies

President Trump wants companies to only report their financial results twice a year instead of every three months.

He thinks this will save companies money and let their managers focus on their business.

Currently, companies must report quarterly.

Critics of the plan say that reporting less often would mean that investors, regulators, and the public would receive less information about the companies.

The SEC is now looking at the proposal and may soon make a decision.