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  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • Clinton ran own computer system for her official emails Wednesday, 4 Mar 2015 | 3:10 AM ET

    It also would distinguish Clinton's secretive email practices as far more sophisticated than some politicians, including Mitt Romney and Sarah Palin, who were caught conducting official business using free email services operated by Microsoft Corp. and Yahoo Inc.. Most Internet users rely on professional outside companies, such as Google Inc. or their...

  • WASHINGTON— The Supreme Court is hearing arguments in a major test of President Barack Obama's health overhaul that threatens insurance coverage for millions of people. Opponents of the Affordable Care Act failed to kill the law in an epic, election-year Supreme Court case in 2012. Chief Justice John Roberts joined with the court's liberal justices and...

  • WASHINGTON— From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates. "The U.S. is doing well, you're getting a lot of good news in Europe," said Nariman Behravesh, chief economist at IHS Global Insight. Weaker growth in China has also hurt...

  • TOKYO— North Korea is trying to invigorate its hidebound economy by offering more control and possibly more personal rewards to key sectors of its workforce in the country's biggest domestic policy experiment since leader Kim Jong Un assumed power. The focus is on management, distribution and farming, said economist Ri Ki Song of the Economic Science Section...

  • SHANGHAI— China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for a share of China's $465 billion technology market, saying Wednesday that the law is purely designed to address domestic security issues.

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • WASHINGTON, March 4- The U.S. Supreme Court will consider on Wednesday a second major legal attack on President Barack Obama's healthcare law, with conservative challengers taking aim at a pivotal part of the statute that authorizes tax subsidies to help people afford insurance. If the court rules against the Obama administration, up to 7.5 million people in at...

  • RIO DE JANEIRO— The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court's permission to open investigations against 54 people, most expected to be top political figures. Rousseff hasn't been directly implicated in the scandal, denies wrongdoing and...

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

  • WASHINGTON— The Federal Reserve has worked hard to correct the mistakes exposed by the 2008 financial crisis, Fed Chair Janet Yellen said Tuesday. Yellen's remarks came in a speech in New York to the Citizens Budget Commission. Copies of the speech were made available in Washington.

  • But Japan's deputy chief trade negotiator, Hiroshi Oe, told reporters there were no discussions about currency manipulation, and if the issue was brought to the table it would derail any agreement. Japan yen's has slumped since late 2012, when Prime Minister Shinzo Abe returned to power and started pursuing aggressive stimulus policies, worrying U.S....

  • RIO DE JANEIRO— Brazil's attorney general on Tuesday asked the nation's Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's largest corruption scandal yet uncovered. Attorney General Rodrigo Janot's request to the top court opens an expansive new phase...

  • WASHINGTON— Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don't appear to have gotten a bump. Her largest asset is a Vanguard Index Trust investment fund valued at between $1 million and $5 million that she owns with her husband. Yellen and her husband also own some individual stocks including ConocoPhillips, Raytheon,...

  • WASHINGTON, March 3- The Senate Banking Committee on Tuesday launched its effort to pursue reforms at the Federal Reserve, with the central bank's regional structure among the topics that came into the panel's cross-hairs. This month, outgoing Dallas Fed President Richard Fisher said the Fed should revamp its rules to address perceptions of conflicts of...

  • *Saudis fear Obama wants Iran deal "whatever the cost". Secretary of State John Kerry flies to Riyadh this week to try to reassure King Salman that any nuclear deal with Iran will be in Saudi interests, despite the kingdom's fears that it may boost Tehran's backing for Shi'ite Muslim groups in the region. While the main critics of the U.S. push for a nuclear deal with...

  • Figures on government spending and debt Tuesday, 3 Mar 2015 | 4:03 PM ET

    WASHINGTON— Figures on government spending and debt.

  • BATON ROUGE, La.— Louisiana's business-lobbying groups are calling a centerpiece of Gov. The Louisiana chapter of the National Federation of Independent Business outlined its criticism Tuesday, along with the Louisiana Oil and Gas Association. Scaling back the credit "would drive us down the rankings of business-friendly states, throw sand in the gears of our...

  • WASHINGTON— Republicans controlling the Senate moved Tuesday to try to reverse a new National Labor Relations Board rule that would shorten the time between a union's request for representation and the vote on whether to certify a union. But the White House promised to veto the measure just before the Senate's 53-45 party-line vote. The White House statement...