On The Money: Mnuchin to attend anti-terror meeting in Saudi Arabia | Treasury releases guidance on 'opportunity zone' program | Maxine Waters gets company in new GOP line of attack

View in your browser     Happy Friday and welcome back to On The Money, where we're jamming another two or six years of craziness into one newsletter. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N. Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.   THE BIG DEAL--Mnuchin to attend anti-terror meeting in Saudi Arabia: Treasury Secretary Steven Mnuchin says he will still attend an upcoming anti-terrorism conference in Saudi Arabia after announcing Thursday he would withdraw from an unrelated investment conference in the country later this month. Three people familiar with the Cabinet official's plans told The Washington Post Mnuchin still plans to attend the gathering of the Terrorist Financing Targeting Center in the country's capital of Riyadh later this month despite participation in the event by Saudi security forces who are suspected of carrying out the possible murder of Jamal Khashoggi, a Washington Post columnist. The news of Mnuchin's travel plans comes a day after the Treasury secretary tweeted that he would not attend Riyadh's Future Investment Initiative later in October amid concerns about Saudi Arabia's involvement in Khashoggi's possible murder. Here's more from The Hill's John Bowden.   LEADING THE DAY Treasury releases guidance on 'opportunity zone' program: The Treasury Department on Friday released proposed rules about the "opportunity zone" program created by President Trump's tax law, which is designed to help spur new investments in distressed communities. The guidance is designed to provide investors with information needed to enter into business arrangements in the opportunity zones, Treasury said. Investors and state and local governments who plan to utilize the program had been looking forward to receiving guidance on the program. Under the new tax law, investors can receive capital gains tax breaks if they invest in distressed areas designated by Treasury as opportunity zones. Treasury has already approved areas that governors requested be designated as opportunity zones. More than 8,000 communities, home to almost 35 million Americans, are in the designated areas. The Hill's Naomi Jagoda explains here.   Maxine Waters gets company in new GOP line of attack: Republican leaders and conservative commentators are warning GOP voters that if Democrats take back the House, it will usher in a new era of liberal committee chairs hell-bent on destroying the Trump presidency. Minority Leader Nancy Pelosi (D-Calif.) is still the star of many GOP attack ads this fall, but Republicans are also taking aim at a handful of new targets: Reps. Maxine Waters (Calif.), Jerrold Nadler (N.Y.), Elijah Cummings (Md.) and other top Democrats poised to take control of key committees with broad subpoena and investigative powers. "Nancy Pelosi is an easy foil for Republicans, and her poll numbers reflect that," said a House GOP aide. "But for single-issue voters out there, it's just as concerning when they learn that a House controlled by Democrats could mean cuts to defense spending or there will be new committee chairs who want to make the president's life miserable." Here's more from The Hill's Juliegrace Brufke and Scott Wong.   ON TAP NEXT WEEK Tuesday: The Heritage Foundation hosts an event on the U.S. auto industry and free trade featuring Sen. Rob Portman (R-Ohio), 9:30 a.m. The Brookings Institution hosts an event on taxation of the "gig economy," 9:30 a.m. The Brookings Institution hosts an event on the fallout from Brexit for the U.K., Ireland and Europe, 2:00 p.m.   Wednesday: The American Enterprise Institute hosts a two-day conference on housing markets and finance, 8:15 a.m. The Brookings Institution hosts an event on financial tools for U.S. policy toward Nicaragua and Venezuela with Treasury Assistant Secretary Marshall Billingslea, 11 a.m. Thursday: Federal Reserve Vice Chairman Richard Clarida speaks on the economy and monetary policy at the Peterson Institute, his first speech since joining the Fed, 12:15 p.m. The American Enterprise Institute hosts a book discussion on "Borrowed Time: Two Centuries of Booms, Busts, and Bailouts at Citi" by James Freeman and Vern McKinley, 5:00 p.m.   GOOD TO KNOW Federal Reserve Governor Randal Quarles said he favors gradual interest-rate increases and voiced optimism that the U.S. economy might be able to grow faster without overheating, which could mean a slower pace for rate hikes. China reported that its economy expanded just 6.5 percent annualized in the third quarter, its weakest rate since the 2008-09 global financial crisis, according to the Financial Times. Trump is eager to celebrate a deal with Mexico and Canada to rewrite NAFTA, but neither are interested in doing so until the U.S lifts tariffs on their steel and aluminum, according to Politico. American Banker breaks down the big stories to emerge from banks' third quarter earnings. The Nation explores the potential impact of broad financial sector unionization. A cousin of the loan product that helped crashed the economy ten years ago has exploded in popularity on Wall Street, according The New York Times. The Washington Post maps out the Saudi influence network in Washington, D.C.   ODDS AND ENDS Outdoor clothing company Patagonia Inc. is endorsing two Democrats in key Senate races that could determine control of the upper chamber. The data-mining firm Palantir is reportedly mulling a potential initial public offering (IPO) as early as 2019.   RECAP THE WEEK WITH ON THE MONEY: Monday: Deficit hits six-year high of $779 billion | Yellen says Trump attacks threaten Fed | Affordable housing set for spotlight in 2020 race Tuesday: McConnell says deficits 'not a Republican problem' | Trump calls Fed his 'biggest threat' | US to open trade talks with Japan, EU, UK Wednesday: Treasury official charged with leaking info on ex-Trump advisers | Trump to seek 5 percent budget cut from Cabinet members | Mnuchin to decide by Thursday on attending Saudi conference Thursday: Mnuchin pulls out of Saudi summit | Consumer bureau to probe controversial blog posts on race | Harris proposes new middle-class tax credit           Did a friend forward you this email? 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