GO
Loading...

Washington DC

More

  • China defense spending to grow 10.1 percent in 2015 Thursday, 5 Mar 2015 | 1:47 AM ET

    BEIJING— China said Thursday it will boost defense spending by 10.1 percent, a smaller rise than last year but in line with large annual increases that have drawn concern among the country's neighbors over Beijing's military and territorial ambitions. In its budget report to the annual session of the national legislature, the Finance Ministry said China's...

  • AbbVie Inc. said Thursday it is buying leukemia drugmaker Pharmacyclics for $21 billion, its first major deal since pulling out of the Shire takeover for tax reasons. AbbVie is offering $261.25 a share for Pharmacyclics under the cash and stock takeover. It is the first big acquisition for AbbVie since October when it scuttled a deal to buy Irish drugmaker...

  • Airlines canceling large number of flights for Thursday Wednesday, 4 Mar 2015 | 7:04 PM ET

    The patience of thousands of airline travelers will be tested again Thursday by a winter storm stretching from Texas to southern New England. Airlines canceled more than 1,800 U.S. flights scheduled for Thursday after scrubbing nearly 1,700 through early evening on Wednesday, according to tracking service FlightAware.com. The airports likely to be hit...

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • WASHINGTON, March 4- When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued that world powers could always push for a better nuclear deal because the Islamic Republic was vulnerable to low oil prices. But the claim that lower oil prices can sway Iran, a major crude producer, into making greater...

  • Figures on government spending and debt Wednesday, 4 Mar 2015 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— The never-ending political fight over health care hit the Supreme Court Wednesday, and insurance coverage for millions of Americans is on the line. Yes, but foes of President Barack Obama's signature law hope this time the justices will gut "Obamacare." Actually, a lot has changed since the Supreme Court's big health care decision of 2012..

  • WASHINGTON, March 4- The U.S. Supreme Court appeared sharply divided on ideological lines on Wednesday as it tackled a second major challenge to President Barack Obama's healthcare law, with Justice Anthony Kennedy emerging as a likely swing vote in a ruling. Conservatives Antonin Scalia and Samuel Alito asked questions sympathetic to the challengers.

  • Clinton has yet to explain why she took the unusual step of using her own server and eschewing a State Department email address. Her silence has left the White House that vowed to run the most open government in history in the awkward position of having to answer for her electronic secrecy. For the second day in a row Wednesday, Clinton's emails dominated the White...

  • WASHINGTON— In a rare burst of bipartisanship, the House moved Wednesday to boost Amtrak's popular service between Boston and Washington while giving states a greater say in the local routes they help subsidize. But in a compromise between Democrats and Republicans, the bill separates Amtrak's Northeast Corridor service between Boston and Washington from...

  • Clarification: Health Overhaul-Republicans story Wednesday, 4 Mar 2015 | 3:01 PM ET

    Kasich was responding to a question about the expansion of Medicaid. When he said he thought "it" would not be repealed, the AP initially understood him to be referring to the entire health care law, known formally as the Affordable Care Act, since Medicaid expansion is part of that law and not a separate piece of legislation. Kasich later told the AP he had been...

  • Senate fails to override Obama's veto of pipeline bill Wednesday, 4 Mar 2015 | 2:47 PM ET

    WASHINGTON— The Senate on Wednesday failed to override President Barack Obama's veto of a bill to construct the Keystone XL pipeline, the first of many confrontations between the Republican-controlled Congress and the White House this year over energy policy. Already, the White House has issued more than a dozen veto threats on legislation.

  • WASHINGTON, March 4- Apple Inc told a U.S. appeals court on Wednesday that rival Samsung Electronics Co Ltd should be barred from selling products that infringe on its smartphone patents, but the judges were skeptical. Apple lawyer William Lee of Wilmer Cutler Pickering Hall& Dorr LLP said Samsung could quickly design work-arounds for the patents but did not do...

  • FDA approves Bristol-Myers drug for lung cancer Wednesday, 4 Mar 2015 | 2:22 PM ET

    WASHINGTON— The Food and Drug Administration on Wednesday expanded approval of an innovative Bristol-Myers Squibb drug to treat the most common form of lung cancer. The FDA first approved Bristol's drug in December for melanoma, the deadliest form of skin cancer. Evercore ISI analyst Mark Schoenebaum said in an investment note that Opdivo could garner sales...

  • Senator Marco Rubio, a likely Republican presidential candidate in 2016, on Wednesday unveiled a plan to reduce taxes for multinational corporations and parents, but it would widen federal budget deficits without cuts to popular health and retirement programs. The Florida senator's tax plan, introduced with Utah Republican Senator Mike Lee, would close...

  • Fed survey finds US economy growing at moderate pace Wednesday, 4 Mar 2015 | 2:01 PM ET

    The Boston district said businesses in its area remained upbeat despite a series of huge snowstorms. Fed Chair Janet Yellen delivered the central bank's semiannual economic report to Congress last week and indicated that the Fed is still willing to be "patient" in terms of raising interest rates because of weak wage growth and inflation well below the Fed's 2...

  • Technology is raising a high bar for high-end mixology Wednesday, 4 Mar 2015 | 1:42 PM ET

    Take the "Highlander," a cocktail offered at Barmini in Washington, D.C. The drink is a combination of bartender Juan Coronado's favorite highland ingredients, scotch and mezcal from Oaxaca, combined with a touch of simple syrup and served in a glass with a floating cloud of creme de cocoa, rosemary, citrus peels and dry ice. "It's quite amazing to see this floating...

  • Rubio-Lee tax plan rewards investors, parents, businesses Wednesday, 4 Mar 2015 | 12:39 PM ET

    WASHINGTON— With an eye toward a possible run for the White House, Republican Sen. To address the nation's finances, Rubio said, Congress should pair a "pro-growth" tax overhaul with significant changes to Social Security and Medicare, a stand that could draw criticism from advocates for older Americans. Mike Lee of Utah to unveil the package Wednesday.

  • WASHINGTON— The Republican-controlled Senate Wednesday voted to kill a National Labor Relations Board rule reducing the time between a union's request for representation and a vote by workers on it. But President Barack Obama has threatened to veto the measure, and the Senate's vote indicates that supporters are far from the two-thirds majority that would...

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...