House Republicans are about to blow through a statutory deadline to pass an annual budget, a major embarrassment for Speaker Paul Ryan that raises questions about his stewardship of the House despite his high profile on the national stage. A day after rampant speculation forced him to call a news… Read More
Clinton caught operating secret shell company
Get to know WJC, LLC. It has no employees. No assets. Its existence was not reported by former Secretary of State Hillary Clinton’s campaign. In fact, it seems to exist only to collect and hide large checks to former President Bill Clinton from foreign backers and Wall Street donors. And… Read More
White House shifting funding from Ebola to Zika
Federal money left over from the largely successful fight against Ebola will now go to combating the growing threat of the Zika virus, the Obama administration announced Wednesday. Most of the $589 million would be devoted to the Centers for Disease Control and Prevention for research on the virus and… Read More
Rule changes ahead for airfare pricing – Here’s how they could cost you
The three largest U.S. airlines have changed the way they price multi-city trips, forcing those who book such itineraries to pay hundreds of extra dollars in airfare. Most fliers buy simple roundtrip tickets and won’t be affected. But travelers visiting several cities on one trip, especially those flying for business,… Read More
Stricter rules coming for retirement brokers
The Obama administration acted Wednesday to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as “fiduciaries” — trustees who are obligated to put their clients’ best interests above all. The action, in rules issued by the… Read More
Global military spending increases for the first time in several years
Global military spending rose in 2015 to nearly $1.7 trillion, the first increase in several years, driven by conflicts including the battle against the Islamic State group, the Saudi-led war in Yemen and fears about Iran, a report released Tuesday shows. The study by the Stockholm International Peace Research Institute… Read More
Judge rules for $20 billion settlement for BP oil spill
A federal judge in New Orleans granted final approval Monday to an estimated $20 billion settlement over the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation over the worst offshore spill in the nation’s history. The settlement, first announced in July, includes $5.5 billion in… Read More
Major $2B airline deal
Alaska Air Group Inc. is buying Virgin America in a deal worth more than $2 billion, combining their West Coast presence and reigniting the debate over airline consolidation. Alaska Airlines will pay $57 in cash per Virgin America share. That’s a 47 percent premium to its Friday closing price of… Read More
Average MLB salaries hit mind-boggling new high
Baseball’s average salary rose 4.4 percent to $4.38 million on opening day, according to a study of contract terms by The Associated Press, and the Los Angeles Dodgers topped spending for the third straight season. The Chicago Cubs boosted payroll by $51 million, adding Jason Heyward, John Lackey and Ben… Read More
CA green lights highest minimum wage in nation
The California Assembly on Thursday green-lighted a plan that would create the highest statewide minimum wage in the nation of $15 an hour by 2022. The proposal now moves on to the state Senate for consideration. The state of New York is considering a similar measure. Gov. Jerry Brown and… Read More
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