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  • McConnell, speaking on the Senate floor, said that as soon as the Senate finishes work on budget and Iran legislation, he will attempt to bring up a bill to streamline the passage of trade deals through Congress. "Of course we've heard of an attempt to stand in the way of an effort to pass this bipartisan legislation," McConnell said of the trade bill on the Senate floor.

  • Don Guardian said Tuesday the meeting will include Florida developer Glenn Straub, representatives of Caesars Entertainment, Trump Entertainment Resorts, and Stockton University. But Trump Entertainment is invoking a 1988 legal covenant prohibiting Showboat from being used as anything other than a casino. In addition to the 1988 covenant between Trump...

  • WASHINGTON— The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter. The deficit rose to $51.4 billion, the largest trade gap since October 2008 and more than 43 percent higher than in February, the Commerce Department reported Tuesday.

  • They use complicated corporate structures that protect their China- based parent companies from U.S. lawsuits. The report calls on Congress to establish that Chinese companies fall under the jurisdiction of U.S. courts and require that Chinese firms assign agents to accept subpoenas and other U.S. court documents. That forces plaintiffs into a cumbersome...

  • WASHINGTON— The Commerce Department reports on the U.S. trade deficit in March at 8:30 a.m. Eastern Tuesday. WIDER DEFICIT: The expectation is that the deficit increased to $41 billion, according to a survey of economists by data firm FactSet. TRADE DRAG: In February, the U.S. trade deficit narrowed to $35.5 billion, down from $42.7 billion in January, as imports...

  • Senate slated to vote on GOP budget compromise Tuesday, 5 May 2015 | 3:07 AM ET

    WASHINGTON— The Senate moved ahead Tuesday on a compromise Republican budget that calls for future cuts in spending while immediately boosting Pentagon accounts by an additional $38 billion. The House approved the non-binding blueprint last week, and a final Senate vote on Tuesday afternoon would complete action. Republicans and many economist say...

  • LOS ANGELES— Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles. "In its push for growth, Wells Fargo often elevated its profits over the legal rights of its customers," Feuer said.

  • LINCOLN, Neb.— Nebraska counties looking to expand livestock operations could receive extra funds for planning and improving infrastructure under a bill that cleared a first-round vote in the Legislature. Senators voted 37-0 Monday on a measure by Sen. Ken Schilz of Ogallala that would funnel $1.5 million to counties approved by the Nebraska director of...

  • WASHINGTON, May 4- U.S. Senate Democratic leader Harry Reid wants to delay legislation granting President Barack Obama "fast-track" trade negotiating authority needed to complete a Pacific Rim deal until bills to authorize highway funding and renew a domestic surveillance program are debated. An aide to Reid said on Monday he would try to delay the " Trade...

  • Bill gutting fracking bans advances in Texas Monday, 4 May 2015 | 6:24 PM ET

    HOUSTON, May 4- A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate. The bill, approved by the state's House of Representatives last month, now heads to the desk of Republican Governor Greg Abbott.

  • WASHINGTON, May 4- U.S. Senate Democratic leader Harry Reid wants to delay legislation granting President Barack Obama "fast-track" trade negotiating authority needed to complete a Pacific Rim deal until bills to authorize highway funding and renew a domestic surveillance program are debated. An aide to Reid confirmed he would try to delay the " Trade...

  • NEW YORK, May 4- A company that distributed films such as " Major League" and "Ace Ventura" was cleared to exit bankruptcy on Monday after a U.S. judge criticized a federal official for being too devoted to legal doctrine in trying to block the move. Judge Shelley Chapman, in New York, approved the settlement, under which bankrupt Inverness Distribution Ltd will repay...

  • House Speaker Shap Smith said Monday he expects the Legislature to complete its work for the year by May 15 or 16.. Both the House and Senate are pushing small school districts to merge to cut costs— eventually mandating them to do so, but the Senate's process would unfold more slowly. The Senate also disagrees with a House effort to put new caps on spending by local...

  • AUSTIN, Texas— Texas moved Monday to ban its own cities from imposing prohibitions on hydraulic fracturing and other potentially environmentally harmful oil and natural gas drilling activities within their boundaries— a major victory for industry groups and top conservatives who have decried rampant local "overregulation." Lawmakers in America's...

  • AUGUSTA, Maine— Maine Republicans are making another push to pass right-to-work legislation, but even Gov. Larry Lockman said it's time for Maine to join the 25 other states that have adopted laws guaranteeing "workplace freedom." "Let's set Maine workers free from the shackles of compulsory unionism and make our great state the first in New England to become a...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday agreed to consider the Obama administration's bid to revive a regulation aimed at encouraging efficiency in the electricity market by paying users to reduce consumption at peak times. The court agreed to hear an appeal filed by the U.S. Federal Energy Regulatory Commission seeking to reverse a May 2014 ruling...

  • WASHINGTON— The Supreme Court said Monday it will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption. The justices agreed to review a lower court ruling that struck down a Federal Energy Regulatory Commission rule that requires utilities to pay...

  • U.S. top court rejects hepatitis B drug patent case Monday, 4 May 2015 | 9:40 AM ET

    WASHINGTON, May 4- The U.S. Supreme Court on Monday brought to an end Bristol-Myers Squibb Co's attempt to revive patent protection for its Baraclude treatment for hepatitis B. The high court declined to hear Bristol-Myers' challenge to an appeals court ruling in favor of generic rival Teva Pharmaceutical Industries Ltd, which had successfully challenged the...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis.