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Top News & Analysis Washington DC

  • WASHINGTON, July 19- U.S.- China economic talks appeared off to a contentious start on Wednesday as senior Trump administration officials demanded a "more fair" China trade relationship while both sides canceled news conferences previously planned to discuss outcomes. Commerce Secretary Wilbur Ross in opening remarks to the annual summer dialog between...

  • Chipotle workers fill orders for customers at a restaurant in Miami.

    Chipotle says a Virginia store that was temporarily closed because of a suspected case of norovirus will reopen Wednesday.

  • WASHINGTON, July 19- An aggressive corporate lobbying effort to derail a Republican-backed border tax has forced lawmakers working on tax reform to seek alternatives, Kevin Brady, chairman of the tax-writing U.S. House Ways and Means Committee, said on Wednesday. The proposed border adjustment tax on U.S. companies that move jobs abroad and import products...

  • WASHINGTON— A House panel on Wednesday backed legislation designed to allow automakers to increase the testing of self-driving cars on U.S. roads. The bill would let automakers deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards, a move designed to boost testing of new technology. Greg Walden, R- Ore., the chairman of the...

  • *Morgan Stanley rises as profit beats expectations. July 19- The Nasdaq and the S&P were trading at record levels in early afternoon on Wednesday, powered by technology stocks, while gains on the Dow were capped by a sharp drop in shares of IBM. "At least in the second quarter and for the next quarter technology is the only sector that will see double-digit growth," said...

  • WASHINGTON, July 18- The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, sources briefed on the matter said. It also agreed to spend about $3 million and enter into an agreement with the...

  • Treasury Secretary Steve Mnuchin (R) and China's Vice Premier Wang Yang arrive at the U.S. - China Comprehensive Economic Dialogue to discuss bilateral economic and trade issues in Washington, U.S., July 19, 2017.

    U.S. and Chinese delegations participating in an annual economic dialogue canceled news conferences following talks' conclusion.

  • U.S. Customs and Border Protection officer directs trucks entering the United States from Mexico through the Otay Mesa Port of Entry in San Diego, California.

    The first round of talks revamping NAFTA will be Aug. 16-20 in Washington.

  • WASHINGTON, July 19- Senior Trump administration officials said on Wednesday they wanted to break down barriers to sales of U.S. products to China and secure more U.S. company access to the Chinese economy to rebalance what they say is an unfair trading relationship. "We must create more balance in our trade by increasing exports of made-in-America goods to...

  • WASHINGTON, July 19- U.S. and Chinese delegations participating in an annual economic dialog on Wednesday have both canceled news conferences scheduled for late afternoon following the conclusion of the talks, a U.S. The Chinese embassy in Washington confirmed the cancellation of the Chinese press conference, also without explanation.

  • Negotiations to upgrade the accord that underpins over a trillion dollars of trilateral trade between the United States, Mexico and Canada are due to begin from Aug. 16 at a pace that was described as "very aggressive" by one of the Mexican officials. A well-placed Canadian source familiar with discussions said the United States had proposed the schedule, but...

  • *Morgan Stanley rises as quarterly profit beats expectations. July 19- The Nasdaq and the S&P traded at record levels in late morning trading on Wednesday, powered by technology and healthcare stocks, while IBM capped gains on the Dow. "At least in the second quarter and for the next quarter technology is the only sector that will see double-digit growth," said Tom...

  • NEW YORK— The Associated Press has named Wendy Benjaminson, a senior leader in its Washington bureau, to a role directing coverage of the cooperative's national reporting teams. As AP's acting Washington bureau chief since January, Benjaminson directed coverage of the first six months of the Trump administration. Before that assignment, she was an assistant...

  • WASHINGTON— Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China. And Trump is criticizing China again for failing to use its economic leverage to rein in its neighbor and ally, the nuclear rogue state North Korea. "I'm not looking for anything worthwhile," says Derek Scissors, a China specialist...

  • The 2nd U.S. Circuit Court of Appeals in Manhattan said the 2015 trial of Anthony Allen and Anthony Conti improperly included evidence gained from testimony the men were forced to give in the United Kingdom. The Justice Department in Washington, which prosecuted the men, did not immediately return messages seeking comment. "We're thrilled and the client's...

  • *Crown prince summoned to meeting by king. July 19- On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia's security apparatus for the past two decades and the next in line to the throne, was summoned to meet King Salman bin Abdulaziz on the fourth floor of the royal palace in Mecca. There, according to a source close to MbN, as he is known, the king...

  • *Crown prince summoned to meeting by king. July 19- On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia's security apparatus for the past two decades and the next in line to the throne, was summoned to meet King Salman bin Abdulaziz on the fourth floor of the royal palace in Mecca. There, according to a source close to MbN, as he is known, the king...

  • July 19- The Nasdaq and the S&P 500 opened at record highs on Wednesday, powered by technology and healthcare stocks, while the Dow was weighed down by a fall in IBM's shares. The tech-heavy Nasdaq closed at a record high on Tuesday, helped by a jump in Netflix, with the index posting its longest streak of gains since February 2015. "Netflix's strong results has caused...

  • *Crown prince summoned to meeting by king. July 19- On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia's security apparatus for the past two decades and the next in line to the throne, was summoned to meet King Salman bin Abdulaziz on the fourth floor of the royal palace in Mecca. There, according to a source close to MbN, as he is known, the king...

  • *Crown prince summoned to meeting by king. July 19- On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia's security apparatus for the past two decades and the next in line to the throne, was summoned to meet King Salman bin Abdulaziz on the fourth floor of the royal palace in Mecca. There, according to a source close to MbN, as he is known, the king...