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  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.

  • Patrick reviews $1B convention center upgrade bill Wednesday, 23 Jul 2014 | 3:06 PM ET

    Deval Patrick's desk on Wednesday a bill authorizing a $1 billion expansion of the Boston Convention and Exhibition Center.

  • Senate agrees on $11B highway funding measure Wednesday, 23 Jul 2014 | 2:04 PM ET

    WASHINGTON— The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • Sanders pleads for VA reform bill as talks stall Wednesday, 23 Jul 2014 | 11:39 AM ET

    WASHINGTON— The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much the changes will cost and how they should be paid for.

  • Senate bill targets companies that move overseas Wednesday, 23 Jul 2014 | 11:36 AM ET

    WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.

  • US hedge fund files suit against Puerto Rico gov Wednesday, 23 Jul 2014 | 9:34 AM ET

    SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.

  • Judges in health care rulings vote party line Wednesday, 23 Jul 2014 | 3:14 AM ET

    WASHINGTON— In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • Beretta: Gun law forcing move out of Maryland Tuesday, 22 Jul 2014 | 5:53 PM ET

    ACCOKEEK, Md.— Beretta U.S.A. announced Tuesday that company concerns over a strict gun-control law enacted in Maryland last year have made it necessary to move its weapons making out of the state to Tennessee.

  • Senate, House on collision course on border money Tuesday, 22 Jul 2014 | 5:16 PM ET

    WASHINGTON— Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to any money.

  • Excerpts from conflicting health law rulings Tuesday, 22 Jul 2014 | 4:37 PM ET

    WASHINGTON— Two federal appeals courts issued conflicting rulings Tuesday in a dispute involving crucial financing for President Barack Obama's health care law.

  • Illinois governor signs bill for $1.1 billion of bonds Tuesday, 22 Jul 2014 | 3:14 PM ET

    CHICAGO, July 22- Illinois Governor Pat Quinn on Tuesday signed legislation to fund state-wide transportation projects with $1.1 billion of bonds. However, according to Abdon Pallasch, the state's assistant budget director, no bond sales are currently planned for the rest of 2014..

  • Judge approves 1st settlement in 38 Studios case Tuesday, 22 Jul 2014 | 2:51 PM ET

    PROVIDENCE, R.I.— A judge on Tuesday approved the first settlement in the lawsuit brought by the state's economic development agency over the collapsed video game company founded by former Red Sox pitcher Curt Schilling.

  • July 22- A U.S. judge overseeing Argentina's debt restructuring case on Tuesday ordered negotiators for the country and holdout investors to meet with a court-appointed mediator until a settlement is reached, as time runs short before a potential default. Several parties in Argentina's long-running legal battle appeared before U.S.

  • Dueling rulings: Courts split on health law clash Tuesday, 22 Jul 2014 | 10:43 AM ET

    In that first ruling, a divided three-judge panel in Washington called into question the subsidies that help millions of low- and middle-income people afford their premiums, saying financial aid can be provided only in states that have set up their own insurance markets, or exchanges.

  • Puerto Rico seeks dismissal of US funds' lawsuit Tuesday, 22 Jul 2014 | 10:40 AM ET

    SAN JUAN, Puerto Rico— Puerto Rico's justice secretary has asked a judge to dismiss a lawsuit filed by two U.S. investment funds seeking to undo a new law that would allow some of the island's public corporations to restructure their debt. Cesar Miranda says the law does not interfere with federal bankruptcy laws, as the suit claims.

  • WASHINGTON— Supreme Court allows Arizona execution to go forward in closely watched First Amendment case.

  • Democrats to unveil $2.7B bill on alien children Tuesday, 22 Jul 2014 | 2:44 AM ET

    With just two weeks before lawmakers' sacrosanct August break, progress is decidedly mixed on several must-pass items due to Capitol Hill partisanship, heightened by midterm elections and the Obama administration's conflicting signals to Congress.