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  • Figures on government spending and debt Wednesday, 28 Jan 2015 | 4:29 PM ET

    WASHINGTON— Figures on government spending and debt.

  • S&P close to $1.37B deal over risky mortgage bond ratings Wednesday, 28 Jan 2015 | 3:22 PM ET

    WASHINGTON— Standard& Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. The credit rating agency is expected to sign an agreement to settle with the Justice Department and about 20 state...

  • Text of the Federal Reserve's statement Wednesday Wednesday, 28 Jan 2015 | 2:24 PM ET

    WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting ended:. Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.

  • Sheriffs expand concerns about Waze mobile traffic app Wednesday, 28 Jan 2015 | 2:17 PM ET

    WASHINGTON— A law enforcement campaign to compel Google Inc. to disable a feature in its popular Waze traffic app that lets drivers warn others about nearby police activity shifted Wednesday when a sheriffs' organization openly complained that the app not only puts officers' lives at risk, it also interferes with the ability to write speeding tickets.

  • WASHINGTON— The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health. Paul Ashworth, an economist at Capital Economics, said the statement suggests that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • WASHINGTON— Fed voices new concerns about low inflation, repeats aim to be' patient' in raising rates.

  • Air Force probing alleged 'treason' remark by general Wednesday, 28 Jan 2015 | 1:48 PM ET

    WASHINGTON— The Air Force is investigating allegations that the No. 2 commander at its prestigious Air Combat Command told lower-ranking officers that talking to members of Congress about the capabilities of the A-10 attack aircraft is tantamount to treason. James Post has stirred concern in Congress about the Air Force muzzling officers in violation of...

  • Romney takes aim at Obama, Clinton in Mississippi Wednesday, 28 Jan 2015 | 1:09 PM ET

    STARKVILLE, Miss.— Mitt Romney hasn't officially declared himself a presidential candidate again, but the 2012 Republican nominee looked and sounded like one during a stop Wednesday in Mississippi, back-slapping at a popular barbecue joint before delivering a speech that questioned Democrat Hillary Rodham Clinton's foreign policy and economic...

  • WASHINGTON— In a rare show of bipartisanship over President Barack Obama's health care law, a Senate committee voted unanimously Wednesday to exclude veterans from the 50- worker threshold that triggers required coverage for employees under that statute. Yet senators' comments suggested that party-line battling over many aspects of the statute— and other...

  • Mobile provider TracFone to pay $40M in federal settlement Wednesday, 28 Jan 2015 | 12:05 PM ET

    WASHINGTON— The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service. The Federal Trade Commission said Wednesday that TracFone's advertising promised unlimited data, but the company then drastically slowed...

  • House passes bill aimed at expediting natural gas exports Wednesday, 28 Jan 2015 | 11:55 AM ET

    In a 277-133 vote, the House approved a bill giving the Energy Department a 30- day deadline to authorize natural gas exports from facilities after they are reviewed and approved. While stopping short of threatening to veto the bill, White House spokesman Eric Schultz said it was "totally unnecessary." More than three dozen applications to build export...

  • WASHINGTON— The Food and Drug Administration said Wednesday it will require makers of heart-zapping defibrillators to submit more data on the emergency devices after years of recalls and manufacturing problems. Additionally, the FDA will inspect manufacturing plants before companies can begin marketing new devices. The FDA says it has received 72,000...

  • WASHINGTON, Jan 28- Officials from Boeing Co and the U.S. Army said on Wednesday they had begun discussions about a multiyear agreement to buy about 240 AH-64 Apache helicopters from fiscal 2017 to 2021, a deal that analysts say could be worth around $4 billion. U.S. Army acquisition chief Heidi Shyu recently signed a document allowing both sides to begin work on a...

  • Car industry heads lobby to drop tariffs between EU, US Wednesday, 28 Jan 2015 | 9:03 AM ET

    BERLIN, Jan 28- The heads of German car companies including BMW, Daimler and Audi lobbied politicians on Wednesday to reach a trade deal that could see tariffs dropped between the United States and the European Union. BMW boss Norbert Reithofer said around 40 percent of all cars produced are sold in Europe and the United States. Carmakers waste resources...

  • Following the sharpest outflows in 18 months in December, portfolio inflows in January were expected to tally $18 billion, with bond investment rising to $14 billion and $4 billion going into stocks, the Washington- based finance industry body said in its monthly report. The recovery was at its strongest in Latin America, followed by Asia, while foreign...

  • ATLANTA— The Republican Governors Association and its Democratic counterpart were the dominant players in making donations to pay for state-level elections in 2014. The two groups often served as pass-throughs for billionaires, unions and corporations seeking influence in statehouses nationwide. The RGA, which helped the GOP grow its roster of...

  • President Barack Obama and German Chancellor Angela Merkel expressed their concern about Russia's role in rising violence in eastern Ukraine in a phone call late on Tuesday and agreed on the need for funds to stabilise the Ukrainian economy. The White House said both leaders were worried about " Russia's materiel support for the separatists" and its failure...

  • WASHINGTON— As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows. The stronger dollar makes foreign goods cheaper in the United States. The statement that Chair Janet Yellen and her colleagues will issue after the meeting...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • Tiger fight: China and Alibaba face off over fake goods Wednesday, 28 Jan 2015 | 12:57 AM ET

    Regulators on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. Uncowed, Alibaba fired back with charges of bias and misconduct by a named Chinese official. The State Administration of Industry and Commerce wrote the...