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Top News & Analysis Washington DC

  • TOKYO, March 29- U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said. Pittsburgh- based Westinghouse, crippled by cost overruns at two U.S. power plant projects in...

  • NEW YORK, March 28- Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16- year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month. On Wall Street, cyclical sectors led the way higher after the strong consumer confidence data boosted investor views that the U.S....

  • Trump will attend a G20 summit in Hamburg, Germany, on July 7 and 8, the White House says after Trump spoke by phone to German Chancellor Angela Merkel. U.S. Senate Majority Leader Mitch McConnell says the Senate will have a final vote on April 7 on Trump's nominee for the Supreme Court, Neil Gorsuch, even as more Democrats oppose his confirmation.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • DETROIT/ WASHINGTON, March 28- Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan...

  • SACRAMENTO, Calif.— The governors of California and New York said Tuesday that they will push ahead with their aggressive climate change policies despite President Donald Trump's executive order that seeks to boost the coal industry. Jerry Brown of California and Andrew Cuomo of New York said in a joint statement that they will help fill the void left by...

  • MEXICO CITY, March 28- Mexican and U.S. trade representatives will resume talks in Washington aimed at resolving a sugar dispute between the two neighbors, Mexico's top trade official said on Tuesday. "We are exchanging information, the positions of those who launched the investigation in the United States, the positions of Mexican industry and we're making...

  • Dec. 2014— Dallas- based Energy Transfer Partners applies to the federal government to build the 1,200- mile Dakota Access pipeline to carry North Dakota oil through the Dakotas and Iowa to an existing pipeline in Illinois. The proposed route skirts the Standing Rock Sioux tribe's reservation and crosses under Lake Oahe, a Missouri River reservoir in North...

  • The top Republican in Congress stands by Devin Nunes, a Trump ally who heads the House of Representatives intelligence committee and is under fire for his handling of an investigation into possible Russian ties to the president's election campaign. Trump will attend a G20 summit in Hamburg, Germany, on July 7 and 8, the White House said after Trump spoke by phone...

  • *Praet's ex-counselor replaced in Brussels top job. FRANKFURT, March 28- The European Central Bank has replaced the head of its Brussels office and annulled four more appointments after staff complaints about unlawful hirings and promotions, internal documents seen by Reuters show. Under the staff changes, Stephane Rottier, a former counselor to chief...

  • DETROIT, March 28- China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. The White House did not immediately respond to a request for comment on the Chinese...

  • WASHINGTON— The Trump White House is proposing to cut $18 billion from a variety of domestic programs and foreign aid accounts in ongoing talks on a wrap-up spending package for the ongoing 2017 budget year. —$1.2 billion from the departments of Commerce, Justice, and State, including $350 million from National Science Foundation grants and $210 million for...

  • WASHINGTON— Widely circulated online reports crediting President Donald Trump for 2017 increases in retirees' Social Security checks don't accurately portray how the system works. Social Security payments are based on a government measure of inflation, and are set automatically without any involvement of the White House. But the figures are not, as one...

  • NEW YORK, March 28- U.S. hospital stocks dropped on Tuesday as Republicans in the U.S. House of Representatives said they were considering a renewed push to repeal and replace Obamacare, after the effort failed last week. Sector stocks had gained after Republicans on Friday pulled legislation to gut the 2010 Affordable Care Act, often dubbed Obamacare, and said...

  • March 28- Kansas City Federal Reserve President Esther George on Tuesday said she needs to see more details on the Trump administration's fiscal proposals before factoring them into her economic forecasts.

  • WASHINGTON— Ivanka Trump and Education Secretary Betsy DeVos on Tuesday exhorted young girls to pursue careers in science, technology, engineering and math, saying those fields will provide the jobs and innovation for the future. Their tour of the National Air and Space Museum with a group of middle school students came as the Trump administration proposed...

  • DETROIT/ WASHINGTON, March 28- Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan...

  • WASHINGTON— Federal Reserve Chair Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despite the overall job market's significant gains. Yellen told community development groups that banks are needed not just to provide home mortgages in low- and...

  • Federal Reserve Chair Janet Yellen said on Tuesday that investments in education and skills training are vital to address persistently high unemployment among lower-income and minority communities. "Education levels have historically lagged in low- and moderate-income communities, particularly communities of color," Yellen said in prepared remarks on...

  • WASHINGTON— Here are the 17 independent agencies based in the Washington area that President Donald Trump has proposed eliminating:. —Corporation for National and Community Service. —Institute of Museum and Library Services.