The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
Three civil rights groups filed a federal lawsuit on Tuesday challenging the Trump administration's new asylum rule, which bars asylum claims from most noncitizens who travel...Politicsread more
Google VP of policy Karan Bhatia started sweating early as hearing chair Ted Cruz brings out an internal presentation created within the company.Technologyread more
At a hearing with the House Judiciary subcommittee on antitrust, an Amazon representative disputed a key argument about how it users sellers' data.Technologyread more
WASHINGTON, Feb 13 (Reuters) - Seven U.S. Democratic senators urged President Donald Trump on Wednesday to press China for a trade deal that fully addresses the technology transfer and intellectual property concerns outlined by U.S. Trade Representative Robert Lighthizer.
Led by Senator Robert Menendez of New Jersey, the senators said in a letter to Trump that any deal with Beijing must at a minimum commit China to "cease the predatory practices" identified in USTR's Section 301 investigation, which formed the basis for U.S. tariffs on Chinese goods.
"As you approach the final weeks of negotiations with China, we urge you to insist that the deal make substantial, verifiable, and enforceable progress to address the myriad threats identified in USTRs investigation," the senators wrote.
Several U.S. lawmakers and business groups have urged Trump in recent weeks not to settle for an agreement based largely on increased Chinese purchases of farm and energy commodities, amid signals that Trump is eager for a deal with Chinese President Xi Jinping.
On Wednesday, Trump said trade talks in Beijing are "going along very well."
Lighthizer and Treasury Secretary Steven Mnuchin are due to meet with Chinese President Xi Jinping's top economic adviser, Vice Premier Liu He, on Thursday and Friday.
The letter from the Democratic senators reminded Trump of the main Chinese violations identified by Lighthizer's investigation last year, including unfair investment restrictions and licensing practices that pressure U.S. companies into turning over technology to Chinese firms, state driven acquisitions of U.S. technology firms and state-sponsored cyber theft of American trade secrets.
"Your negotiations should seek to extract meaningful commitments from China on each of these elements and end the threats that these policies pose to the U.S. economy and national security," they wrote.
In addition to Menendez, the letter was signed by Sheldon Whitehouse of Rhode Island, Mark Warner of Virginia, Maggie Hassan of New Hampshire, Ben Cardin of Maryland, Michael Bennet of Colorado and Catherine Cortez Masto of Nevada. (Reporting by David Lawder Editing by Tom Brown)