Trump proposal slashes taxes on businesses, the rich amid deficit worries
WASHINGTON (Reuters) – President Donald Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, offering to cut taxes for most Americans but prompting criticism that the plan favors the rich and companies and could add trillions of …
Fiat Chrysler to engage in settlement talks over diesel emissions
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV will engage in settlement talks with lawyers representing vehicle owners suing the automaker over excess diesel emissions in Washington on Oct. 12, a court-appointed settlement adviser said Wednesday….
Trump administration proposes to further cut refugee cap in report to Congress
WASHINGTON/NEW YORK (Reuters) – The Trump administration is proposing cutting to 45,000 the number of refugees allowed into the United States in the 2018 fiscal year, the lowest cap since 1980, the administration said in a report to Congress on Wednesd…
With fuel and water scarce, Puerto Rico presses for shipping waiver
SAN JUAN, Puerto Rico/NEW YORK (Reuters) – As Puerto Rico struggles with a lack of fuel, water and medical supplies following the devastation of Hurricane Maria, it is pressing the Trump administration to lift a prohibition on foreign ships delivering …
Trump eyes executive order on healthcare, vows another vote next year
WASHINGTON (Reuters) – President Donald Trump, faced with the latest congressional failure to undo Obamacare, said on Wednesday he was working on an executive order to expand access to health insurance and would negotiate with Democrats for a legislati…
Detroit Three’s to lose dominance of North American auto output in 2017: IHS
DETROIT (Reuters) – North American vehicle production by the unionized Detroit Three automakers will fall behind the combined North American output of Tesla Inc and automakers from Europe and Asia for the first time this year, IHS Markit forecast on We…
Louisville basketball coach Pitino placed on leave amid scandal
(Reuters) – University of Louisville basketball head coach Rick Pitino was placed on administrative leave in the wake of a federal bribery investigation, the university’s interim president said on Wednesday.
Reversing crisis-era trends, U.S. family income jumped in 2013-2016: Fed
(Reuters) – Income and net worth among U.S. families increased broadly between 2013 and 2016, a reversal to years of stagnation that cut across education levels and race, and lifted lower-income families as well as top earners, the Federal Reserve said…
With fuel and water scarce, stricken Puerto Rico presses for shipping waiver
SAN JUAN, Puerto Rico/NEW YORK (Reuters) – As Puerto Rico struggles with a lack of fuel, water and medical supplies following the devastation of Hurricane Maria, it is pressing the Trump administration to lift a bar on foreign ships delivering supplies…
Louisville’s Pitino placed on leave in wake of corruption scandal
(Reuters) – University of Louisville men’s basketball head coach Rick Pitino was placed on administrative leave in the wake of a federal investigation into corruption in recruiting, the university’s interim president said on Wednesday.
