Court appeal argues California emissions trading plan akin to ‘illegal tax’
SAN FRANCISCO (Reuters) – Parties in a four-year-old legal challenge to California’s emissions trading program will head to court in Sacramento on Tuesday with a business group arguing the billions the program collected amounts to an “illegal tax” on b…
Ex-Guinea minister pleads not guilty in U.S. to laundering bribes
NEW YORK (Reuters) – A former minister of mines in Guinea pleaded not guilty on Tuesday to U.S. charges that he laundered $8.5 million in bribes he received from a Chinese conglomerate to help it secure mining rights in the West African country.
Microsoft victory in overseas email seizure case is upheld
NEW YORK (Reuters) – An equally divided federal appeals court refused to reconsider its landmark decision forbidding the U.S. government from forcing Microsoft Corp and other companies to turn over customer emails stored on servers outside the United S…
U.S. deficit to shrink to $559 billion in fiscal year 2017: CBO
WASHINGTON (Reuters) – The U.S. budget deficit is expected to dip in fiscal year 2017 but expand later in the decade, the nonpartisan Congressional Budget Office said in a report on Tuesday that showed President Donald Trump inheriting a tricky long-te…
Minnesota governor collapses while addressing legislators
(Reuters) – Minnesota Governor Mark Dayton collapsed on Monday while delivering his state-of-the-state address to legislators in St. Paul, but aides said afterward that Dayton quickly recovered from what they described as a fainting spell and returned …
Far-reaching Illinois budget fix faces long odds
CHICAGO (Reuters) – So severe is Illinois’ self-inflicted financial ruin that its newest hope to end a record-setting budget impasse rests with a massive bundling of billions of dollars in tax increases, borrowing and pension relief for Chicago’s cash-strapped schools.
New York City to unveil preliminary FY 2018 budget of $84.67 billion
NEW YORK (Reuters) – New York City Mayor Bill de Blasio is preparing to unveil a preliminary $84.67 billion budget for fiscal 2018, approximately more than $1 billion over the current fiscal year, his office said late on Monday.
Deadly storm batters Eastern U.S. with wind and heavy rain
WASHINGTON (Reuters) – A powerful storm system plowed up the U.S. Eastern seaboard with torrential showers and high winds on Monday, hindering airline and rail travel, after killing at least 21 people in the South, many in mobile homes demolished by to…
Wisconsin sued as teens claim unlawful conditions in youth facilities
(Reuters) – Wisconsin was sued on Monday over conditions at two juvenile detention facilities in the state’s northeast, where teenagers claimed they are routinely subject to unlawful solitary confinement, shackling and pepper spray.
Former N.Y. fund analyst arrested for skipping insider trading trial
NEW YORK (Reuters) – A former analyst at the investment fund of Dell Inc founder Michael Dell was arrested on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading.
