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Top News & Analysis Washington DC

  • WASHINGTON— A House committee has unveiled a disputed plan to allow the Department of Veterans Affairs to shift $2 billion from other programs to cover a sudden budget shortfall that could threaten medical care for thousands of patients in the coming weeks. Friday's proposal by the House Veterans Affairs Committee would provide a six-month funding fix to...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • WASHINGTON— White House press secretary Sean Spicer abruptly resigned Friday over President Donald Trump's decision to tap a camera-ready financier to lead the beleaguered White House communications team. Spicer, whose daily briefings once dominated cable television and delighted late-night comics, quit in protest over the hiring of Anthony...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • HOUSTON/ WASHINGTON, July 21- The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions. Sanctions prohibiting any transaction in U.S. currency by Venezuela's state-run oil firm, PDVSA, are among the...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organised by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organized by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • WASHINGTON, July 21- Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday. Frontier Airlines was fined $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make timely refunds to...

  • WASHINGTON, July 21- President Donald Trump signed an executive order on Friday initiating a government-wide review of the U.S. defense industry and suggest changes to strengthen it. The review is intended to identify and address potential weak points in the defense manufacturing base including companies that could go out of business and leave gaps in the...

  • WASHINGTON, July 21- The U.S. Transportation Department said on Friday it has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the departments airline consumer protection rules. The department said it fined Frontier Airlines $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make...

  • WASHINGTON— National Association of Realtors releases existing home sales for June, 10 a.m.. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.; The Conference Board releases the Consumer Confidence Index for July, 10 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Commerce...

  • WASHINGTON, July 20- The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives. The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on...

  • JPMorgan raises year-end S&P 500 forecast

    The S&P 500 closed near a record Thursday despite renewed uncertainty about the Trump administration's ability to implement pro-growth policies like tax reform.

  • *GE falls as quarterly profit slides nearly 60 pct. July 21- U.S. stock indexes pared losses, helped by a rise in Visa in early afternoon trading on Friday, but weak earnings from industrial heavyweight General Electric weighed. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, as the company reported a nearly 60 percent slump in profit and...

  • "There's just one company in the U.S. that can repair propellers for Navy submarines," Peter Navarro, the White House National Trade Council director, said as he explained the order to reporters. "The ability of the U.S. to manufacture and obtain goods critical to our national security could be hampered by an inability to obtain essential components, which may not...

  • The "Executive Order on Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States," will initiate the review which will be led by the Pentagon and conclude in 270 days, Peter Navarro, the White House National Trade Council director, said.

  • July 21- U.S. stock indexes were lower in late morning trading and pulled back from record levels as weak earnings from industrial heavyweight General Electric weighed. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, as the company reported a nearly 60 percent slump in profit and its 2017 profit forecast came in at the low end.

  • The Labor Department said Friday that unemployment rates fell in 10 states and rose in only 2. The rate has fallen below 3 percent in five states: Colorado, Hawaii, Nebraska, New Hampshire and North Dakota. North Dakota's unemployment rate fell to 2.3 percent, a record low for the state dating back to 1976 and tying for lowest in the nation with Colorado.

  • *GE falls as quarterly profit slides nearly 60 pct. July 21- U.S. stock indexes opened lower on Friday, as industrial heavyweight General Electric's tepid results weighed on investor sentiment. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, despite the results beating estimates, as the company reported a nearly 60 percent slump in...