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Top News & Analysis Washington DC

  • FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT. BRUSSELS- European Central Bank President Mario Draghi speak to the European Parliament's ECON committee- 1400 GMT. BRUSSELS- EU General Affairs Council meeting.

  • The House had backed away from repealing the tax deduction for what dealers call floor-plan interest expense, or the financing costs they incur for vehicles on their lots, but they must still convince the Senate. "The Senate business interest provision unfairly puts small businesses with high cost inventory at serious risk of paying higher taxes even when a...

  • WASHINGTON— Treasury Secretary Steven Mnuchin said Sunday he had no idea that a photo of him and his wife posing with a sheet of newly printed money would go viral. And he said he's not bothered that some commentators suggested the pair looked like James Bond villains. Mnuchin, a former Hollywood producer, said on "Fox News Sunday" that he probably should take it as a...

  • WASHINGTON— Two of President Donald Trump's leading economic advisers sent mixed signals Sunday on the fate of a health care provision in the Senate version of a $1.5 trillion measure to overhaul business and personal income taxes that is expected to be voted on after Thanksgiving. Bob Corker of Tennessee, John McCain and Jeff Flake of Arizona, and Rand Paul of...

  • The Nebraska Republican, who addressed an evangelical conservative group Saturday night, told reporters after his speech that he likes the tax bill moving in the Senate. GOP leaders in Congress and around the country have suggested a tax cut bill could boost enthusiasm for Republicans when they campaign in 2018 to retain their control of Capitol Hill.

  • Hariri's resignation on Nov. 4 threw Lebanon into political crisis and put it centre-stage in the Middle East's overarching rivalry between Sunni Saudi Arabia and its allies and a bloc led by Shi'ite Iran. "With regard to the political situation in Lebanon, I will go to Beirut in the coming days, I will participate in the independence celebrations, and it is there...

  • WASHINGTON— The White House has sent Congress a $44 billion disaster aid request that's already under attack from lawmakers from hurricane-hit regions as way too small. The request issued Friday, President Donald Trump's third since hurricanes Harvey, Irma and Maria slammed the Gulf Coast and Caribbean, would bring the total appropriated for disaster...

  • 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...

  • 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.

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

  • 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 _ 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...