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Top News & Analysis Washington DC

  • NEW YORK— The Latest on a collision between trains operated by Amtrak and New Jersey Transit at New York's Penn Station:. The Long Island Rail Road says its riders should expect cancellations and delays during the evening rush hour because of an Amtrak derailment Friday morning at New York's Penn Station. Commuters can expect to face a difficult evening rush...

  • NEW YORK, March 24- Delicate interest-rate hikes are necessary given the United States may be on the cusp of a jump in inflation, one of the Federal Reserve's most influential officials said on Friday before a local gathering that questioned the wisdom of even gradually trimming economic support for poorer Americans. Addressing residents, professors,...

  • WASHINGTON/ CALGARY, March 24- U.S. "We've got some work to do in Nebraska to get our permits there," Girling replied. Trump announced the presidential permit for Keystone XL at the White House with Girling and Sean McGarvey, president of North America's Building Trades Unions, standing nearby.

  • WASHINGTON— President Donald Trump on Friday praised a plan by cable company Charter Communications to hire 20,000 American call center workers. But the hiring initiative dates back to 2015 as part of the company's successful efforts to merge with Time Warner Cable. Charter CEO Tom Rutledge had said at an investment conference in December 2015 that the...

  • *Spain's government bond yield falls to three-week low. LONDON, March 24- Euro zone government bond yields edged lower on Friday, changing direction as investors took advantage of an early rise in yields to move back into the market ahead of a highly anticipated vote in Washington on healthcare reform. Spain's 10- year government bond yields led the reversal...

  • "These determinations underscore that the United States continues to regularly impose sanctions under existing authorities, as warranted, against entities and individuals that engage in proliferation activity with Iran, North Korea, and Syria," the State Department statement said in a statement. The companies included under the newly imposed sanctions...

  • WASHINGTON— The House health care bill repeals major parts of former President Barack Obama's Affordable Care Act, or ACA, as Republicans push to scale back the federal government's role in health care. Some elements of the Obama-era law are maintained in the House GOP legislation. ACA: About 11 million people are covered by expanded Medicaid in the 31 states...

  • *U.S. indexes post modest gains, European shares edge lower. NEW YORK, March 24- U.S. shares edged higher and European shares slipped on Friday as investors were on tenterhooks awaiting the outcome of a vote in Washington on healthcare reform, seen as pivotal for U.S. The back-and-forth over the bill has led to some of the choppiest trading Wall Street has seen since...

  • WASHINGTON/ CALGARY, March 24- U.S. The approval reverses a decision by former President Barack Obama to reject the project, but fresh obstacles loom: To get built, TransCanada will need to win financing, acquire local permits, and fend off likely legal challenges. Trump announced the presidential permit for Keystone XL at an event at the White House attended by...

  • The biggest gains, as a proportion of total jobs, were in Montana, Nebraska, Arkansas, and New Mexico. In the past 12 months, job gains were strongest, in percentage terms, in Idaho, Utah and Nevada, all states in the Mountain region. Gains in Utah and Nevada have been similarly widespread.

  • NEW YORK, March 24- The dollar steadied near a four-month low against the yen on Friday, ahead of a vote in Washington on new healthcare legislation that some investors view as a litmus test of whether U.S. "It's just really coming down to what happens in Congress," said Mazen Issa, senior FX strategist at TD Securities in New York. On Friday, the dollar was up 0.14 percent...

  • NEW YORK, March 24- Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S. District Court in Manhattan is the latest effort to hold Saudi Arabia liable for the attacks. Insurers, including Liberty Mutual,...

  • WASHINGTON, March 23- New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. "New home sales are the secret sauce that helps make the economy grow," said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • WASHINGTON— The old and the poor made out great when House Republicans failed Friday to dismantle Barack Obama's Affordable Care Act. The measure would have repealed major parts of Obama's health law, capping future funding for Medicaid and cutting tax increases for high-income families, health insurance companies and drugmakers. That's the tally...

  • NEW YORK— Commuters to both New Jersey and Long Island faced a difficult journey home Friday evening after two passenger trains clipped each other during the morning rush at Penn Station, jolting riders and creating major travel disruptions but causing no serious injuries. The accident involved an Amtrak Acela Express train headed from Boston to Washington...

  • Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would work with Congress. White House budget director Mick Mulvaney told ABC it was not clear if Republicans had enough votes but the Republican chairman of the Rules Committee, Pete Sessions, said "I would anticipate...

  • *IMF says further actions "urgently needed" to boost Nigeria economy- report. *Nigeria is in first recession in 25 years. ABUJA, March 24- The International Monetary Fund is expected to warn Nigeria its economy needs urgent reform, according to a report seen by Reuters that could delay talks over $1.4 billion in much-needed international loans.

  • The report by New York- based Transparentem, released to The Associated Press on Friday, didn't say leather from the tanneries ends up in American and European companies' products, only that the manufacturers of some of those goods receive it. Some companies say they're certain the leather used to make their products was imported from outside Bangladesh, and the...

  • Stocks erased much of an afternoon loss and ended mixed after the Republican-backed health care reform bill was pulled because of a lack of support in Congress. Hospital operator Community Health Systems soared 9.7 percent. More stocks fell than rose on the New York Stock Exchange.

  • President Donald Trump and Treasury Secretary Steven Mnuchin said Friday that the administration will now focus on gaining congressional approval for a sweeping tax overhaul plan. After Republicans pulled the health measure, Trump told reporters at the White House, "I would say that we will probably start going very, very strongly for the big tax cuts and tax...