×

Top News & Analysis Washington DC

  • The approval of FCC Chairman Ajit Pai's proposal marked a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and hands them power over what content consumers can access. The meeting, held amid protests online and in front of the FCC headquarters in Washington, was evacuated before the vote for about 10 minutes due...

  • NEW YORK, Dec 14- The surprise victory by Democrats in Tuesday's Alabama election for a U.S. senator is prompting fund managers to prepare for more losses by the Republican party in the 2018 mid-term Congressional elections. With a strong economy, continuing deregulation by the administration of President Trump, and the benefits of corporate tax cuts expected...

  • WASHINGTON, Dec 14- Republicans in the U.S. Congress reached a deal this week on a final version of their debt-financed legislation to cut taxes for businesses and wealthy Americans, with House and Senate votes expected early next week. Republicans control both chambers but have only a 52- to-48 Senate majority, meaning they can lose no more than two votes and...

  • WASHINGTON— President Donald Trump will trumpet his administration's efforts to roll back federal regulations at the White House on Thursday. Former White House chief strategist Steve Bannon colorfully described the campaign in February as "the deconstruction of the administrative state," a term still used by administration officials, including White...

  • WASHINGTON, Dec 14- The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. New York Attorney General Eric Schneiderman, a Democrat, said in a statement he will lead a multi-state lawsuit to...

  • REPUBLICAN SENATOR RUBIO WILL VOTE' NO' ON TAX BILL UNLESS TAX CREDIT FOR WORKING POOR IS EXPANDED- WASHINGTON POST, CITING REPUBLICAN SOURCE.

  • In a straight party-line vote of 3-2, the Republican-controlled FCC junked the long-time principle that said all web traffic must be treated equally. "What is the FCC doing today?" asked FCC chairman Ajit Pai, a Republican. "

  • WASHINGTON— The Republican tax plan seems about to hand a bow-tied holiday gift to some of America's richest multinational companies, from Apple and Microsoft to Google's parent Alphabet: Tens of billions in tax breaks on profits they've parked overseas. At an industry conference last week, Amy Hood, Microsoft's chief financial officer, acknowledged that the...

  • WASHINGTON, Dec 14- The U.S. Federal Communications Commission's meeting on net neutrality was briefly interrupted on Thursday as the agency evacuated the meeting room before later reopening it. It was not immediately clear what prompted the room to be evacuated. Images on a live video feed of the meeting in Washington showed law enforcement officers in the...

  • WASHINGTON, Dec 14- The U.S. Environmental Protection Agency said on Thursday it will seek input from state and local officials as it considers how to rework a 1991 rule meant to protect people from lead and copper contamination in drinking water. While the administration is focused on reducing regulations on mining and drilling and other industries, Pruitt...

  • WASHINGTON, Dec 14- The United States on Thursday presented for the first time pieces of what it said were Iranian weapons supplied to the Iran- aligned Houthi militia in Yemen, describing it as conclusive evidence that Tehran was violating U.N. resolutions. The arms included charred remnants of what the Pentagon said was an Iranian-made short-range ballistic...

  • WASHINGTON, Dec 14- The U.S. Federal Communications Commission is expected on Thursday to rescind rules aimed at ensuring a free and open internet, as protesters gathered to oppose the change. Commission Chairman Ajit Pai's proposal marks a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc that opposed the...

  • *Disney seals much-awaited deal to buy Fox assets. Disney CEO Bob Iger extends tenure to oversee integration. Disney shares edged slightly higher after the company said it expects to buy up to $20 billion of its own shares to offset dilution from the all-stock deal.

  • DUBAI, Dec 14- Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of joining the Financial Action Task Force, a global body dedicated to combatting illicit money flows. The kingdom, one of only two G20 nations along with Indonesia which is not a FATF member, has tried for years to shake off a reputation as a...

  • HAMPTON, N.H.— Since President Donald Trump vowed this summer to pull the United States out of an international climate accord, states looking to tackle carbon pollution have been forced to go it alone. More than a dozen formed an alliance committed to reducing emissions in line with the Paris accord, an international agreement that aims to halt the rise in global...

  • Goodyear Tire& Rubber Co. is among the deadliest manufacturers in the nation for workers- resulting in deaths of five workers since 2015- and the company's safety lapses have also contributed to deaths of motorists on the road, a six-month investigation by Reveal from The Center for Investigative Reporting has found. This article was provided to The...

  • TUNIS, Dec 14- The International Monetary Funds says Tunisia is committed to "decisive action" to reform its economy before the IMF reviews the payment of its next loan tranche. Last year, the Washington- based IMF agreed a four-year loan programme worth about $2.8 billion with Tunisia, but tied to economic reforms. Tunisia has been hit by a sharp fall in tourism...

  • WASHINGTON, Dec 14- The U.S. Federal Communications Commission is expected on Thursday to rescind rules that were aimed at ensuring a free and open internet, as protesters gathered online and in front of FCC headquarters to oppose the change. Online protesters included celebrities like "Star Wars" actor Mark Hamill, while net neutrality supporters rallied in...

  • Mortgage buyer Freddie Mac said Thursday that the benchmark 30- year home loan rate was down from 3.94 percent last week and 4.16 percent a year ago. On Wednesday, the Federal Reserve raised short-term interest rates for the third time in 2017. "The market had already priced in the rate hike, so long-term interest rates, including mortgage rates, hardly moved," said...

  • *Disney seals much-awaited deal to buy Fox assets. *Disney CEO Bob Iger extends tenure to oversee integration. Disney said it expects to buy up to $20 billion of its own shares to offset that dilution.