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Top News & Analysis Washington DC

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.

  • NEW YORK/ WASHINGTON Nov 17- Wells Fargo& Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee. The abrupt departure of Franklin Codel, Wells Fargo's head of consumer lending, came as the bank grapples with the fallout from a sales scandal in which...

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

  • WASHINGTON _ WGL Holdings Inc. on Friday reported fiscal fourth-quarter net income of $3.3 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. The parent of Washington Gas Light Co. and other energy-related businesses posted revenue...

  • MEXICO CITY, Nov 17- A key round of talks to update the NAFTA trade pact formally opened on Friday, but within hours Canada was complaining about inflexibility by the United States, which is demanding big changes, a union leader said. Canada and Mexico went into the talks prepared to address hard-line U.S. demands that they had previously dismissed as unworkable,...

  • CALGARY, Alberta/ LINCOLN, Neb., Nov 17- A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week. Keystone carries 590,000 barrels per day of crude from Alberta's oil sands to markets in...

  • WASHINGTON— The ultra-wealthy, especially those with dynastic businesses— like President Donald Trump and his family— do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Tax rates on their sales would be reduced under the Senate bill. And an estimated 13 million Americans could lose...

  • NEW YORK/ WASHINGTON Nov 17- Wells Fargo& Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S. regulators, a person familiar with the matter said on Friday. Wells Fargo is now subject to tighter regulatory oversight and faces ongoing probes and lawsuits due to the...

  • MEXICO CITY, Nov 17- A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico seeking to show more flexibility about addressing hard line U.S. demands that they had previously dismissed as unworkable. Negotiators met in Mexico City for the fifth of seven planned rounds that are due to wrap up by the end of March to avoid...

  • CALGARY, Alberta/ LINCOLN, Nebraska, Nov 17- The crude oil spill on the Keystone pipeline in South Dakota will take months to clean up, a state official said on Friday, just days before Nebraska was due to decide on another pipeline project by the owner, TransCanada Corp.. Keystone carries 590,000 barrels per day of crude from Alberta's oil sands to markets in the...

  • MEXICO CITY, Nov 17- A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico seeking to show more flexibility about addressing hard line U.S. demands that they had previously dismissed as unworkable. Canada, the source added, was happy to discuss so-called rules of origin governing auto content but insisted the 85...

  • House Ways and Means Committee Chairman Rep. Kevin Brady (R-TX) is greeted by applause from (L-R) Rep. Kristi Noem (R-SD), House Majority Leader Rep. Kevin McCarthy (R-CA), and Speaker of the House Rep. Paul Ryan (R-WI) during an event at the Capitol to celebrate the passing of the tax reform bill November 16, 2017 in Washington, DC.

    Republicans will soon deliver a large tax-cut package to President Trump's desk; the problem is, most people hate it, Politico's Ben White says.

  • MEXICO CITY, Nov 17- A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico showing more flexibility about addressing hardline U.S. demands that they had previously dismissed as unworkable. Canada, the source added, was happy to discuss so-called rules of origin governing auto content but insisted the 85 percent...

  • *China focuses on domestic actions, not leading UN talks. BONN, Germany, Nov 17- China has filled some of the void on climate change leadership left by U.S. "China has been pretty much the same as always," echoed Ian Fry, who represents the Pacific Island of Tuvalu. "

  • NEW YORK/ WASHINGTON Nov 17- Wells Fargo& Co has fired its head of consumer lending over unsuitable communications he had with a former employee, the bank said on Friday, the latest upheaval at a lender roiled by scandal for more than a year. Franklin Codel, a member of the bank's management committee, acted in a manner that was contrary to internal policies and...

  • The White House says the plan's corporate tax cut alone would eventually raise average household incomes by $4,000 a year. The tax plan's "trickle-down" approach was popularized in the 1980 s during the Reagan administration, though it dates back at least to a 1932 wisecrack by Will Rogers. The Republicans' latest version of the approach edged closer to the...

  • WASHINGTON— Unemployment rates fell to record lows in Idaho and Tennessee in September, and dropped in 9 other states. The Labor Department's report on state unemployment, released Friday, also showed the extent of Hurricane Irma's damage in Florida, which lost 127,400 jobs that month, or about 1.5 percent of the state's total jobs. The jobless rate dropped to 2.8...

  • Orrin Hatch, R- Utah, the oldest and longest-serving Senate Republican, said to a Democratic colleague. The dispute flared Thursday night as Republicans pushed a $1.5 trillion tax cut for businesses and individuals through the Senate Finance Committee over Democrats' objections. Sherrod Brown, D- Ohio, a potential 2020 presidential candidate, said everyone...

  • WASHINGTON— Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best pace for home construction in 12...