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Top News & Analysis Washington DC

  • NEW YORK— The Trump Organization will not ask guests at its hotels and resorts if they are using money from foreign governments to pay their bills, setting up a possible showdown with Democrats accusing the president of violating the U.S. Critics say that by not selling off his hotels and resorts, President Donald Trump is opening himself up to bribes from...

  • OAK BROOK, Ill., May 24- Hundreds of fast-food workers demanded wage increases as they marched outside McDonald's Corp headquarters during the company's annual shareholder meeting on Wednesday. More than two dozen protesters were arrested outside the United Continental Holdings Inc shareholder meeting in downtown Chicago. "I saw my mother, who worked 30...

  • May 24- Ford Motor Co said on Wednesday new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation. Hackett will earn a $1.8 million annual salary, up from $716,000 at his previous job as chairman of the Ford unit developing self-driving cars and related projects. Joe Hinrichs, head of the Americas since December 2012,...

  • WASHINGTON— The House has unanimously approved legislation that makes it a crime for U.S. service members to distribute intimate photos or videos of people without first getting their consent. The measure is a direct response to a nude-photo sharing scandal that has rocked the Marine Corps. Martha McSally of Arizona, the bill's sponsor, says the "Neanderthals"...

  • May 24- Borrowing by U.S. companies to spend on capital investment rose 8 percent in April, the Equipment Leasing and Finance Association said. Companies signed up for $7.9 billion in new loans, leases and lines of credit last month, the Washington- based trade group said. It is designed to complement the U.S. Commerce Department's durable goods orders report, which...

  • The U.S. Court of Appeals for the District of Columbia, in a rare hearing Wednesday by a majority of its judges, took up the politically charged case involving the Consumer Financial Protection Bureau and the power of its director. Lawyers for the Trump administration and a company sanctioned by the consumer agency argued that the way the CFPB was created, by...

  • WASHINGTON, May 24- Puma Biotechnology Inc's experimental breast cancer drug reduces the risk of the disease's recurrence and should be approved, a U.S. Food and Drug Administration advisory committee concluded on Wednesday, sending the stock up as much as 30 percent. The FDA is not obliged to follow the recommendations of its advisory panels, but typically...

  • WASHINGTON— Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that they should vote to increase the government's borrowing authority— and avert a disastrous economic default— before their August recess. It had been expected that Congress wouldn't have to act on the politically painful measure until sometime this fall, but tax revenues are...

  • WASHINGTON— Federal Reserve officials signaled in discussions early this month that they would likely start reducing the Fed's huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise. The minutes of the Fed's May 2-3 meeting, released Wednesday, show that officials not only discussed beginning a reduction of bond...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • WASHINGTON, May 24- Puma Biotechnology Inc's experimental breast cancer drug reduces the risk of disease recurrence and should be approved, an advisory committee to the U.S. Food and Drug Administration concluded on Wednesday. The FDA is not obliged to follow the recommendations of its advisory panels, but typically does so. Grzegorz Nowakowski, associate...

  • NEW YORK, May 24- Five men, including a Washington, D.C. political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency. Federal prosecutors in Manhattan on Wednesday announced the arrest of political consultant David Blaszczak, founder of...

  • WASHINGTON— The Trump administration is eyeing plans to encourage the sale of public assets, such as airports and bridges, to help pay for a $1 trillion overhaul of the nation's aging infrastructure, an administration official said Wednesday. The Washington Post reported Wednesday that Trump advisers are considering enticing state and local governments to...

  • NEW YORK, May 24- A Washington, D.C., political consultant, a federal employee and three others have been charged with using confidential information from within a U.S. health agency to engage in an insider trading scheme. Federal prosecutors on Wednesday unsealed an indictment in Manhattan federal court against political consultant David Blaszczak, founder...

  • WASHINGTON, May 24- Puma Biotechnology Inc's experimental breast cancer drug reduces the risk of disease recurrence and should be approved, an advisory committee to the U.S. Food and Drug Administration concluded on Wednesday. The FDA is not obliged to follow the recommendations of its advisory panels, but typically does so. Grzegorz Nowakowski, associate...

  • Instead, the Congressional Budget Office "score" of the bill passed earlier this month says that in some cases, people with pre-existing conditions would not be able to purchase comprehensive health insurance at premiums comparable to those under current law, "if they could purchase it at all." That's according to a new estimate released Wednesday by the...

  • May 24- Democrats on a U.S. of House of Representatives panel have asked Deutsche Bank to provide information on whether any accounts connected to President Donald Trump have ties to Russia, adding another dimension to probes into connections between Moscow and Trump. The congressional inquiry also seeks information about a Russian "mirror trading" scheme...

  • The FAA proposed the action last year and made it final on Wednesday. The FAA says the seats can slide forward in crashes and cause passengers' heads to slide down the back of the seats in front of them, hitting their chins on the tray tables. Zodiac, Bombardier and others protested that the FAA underestimated the cost of removing 10,482 seats, which the FAA put at...

  • WASHINGTON— A senior Education Department official in charge of managing federal student aid has resigned ahead of a House hearing, the government said Wednesday. James Runcie submitted his resignation late Tuesday, the Education Department said in a statement. Education Department Press Secretary Liz Hill said the office overseen by Runcie had "a litany of...

  • President Donald Trump have ties to Russia. The congressional inquiry also seeks information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia, "the Democrats...