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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 07, 2018
Page
4
The U S House passed a temporary funding bill by 245 to 182 to extend most federal programs until March 23. The White House supported the measure, while immigration provisions remained untouched as Senate Democrats expect changes before final passage.
Steve Wynn steps down as CEO and chairman of Wynn Resorts after a sexual harassment scandal. Matt Maddox is named CEO, while Wynn remains the largest single shareholder with about 21 percent control. The board accepted the resignation reluctantly as regulators review the case.
The House voted to prohibit sexual relationships between lawmakers and their employees with immediate effect. Rep. Barbara Comstock led the move to align Congress with the military and private sector and set up an office to advocate for employees while reforming harassment claims procedures. Congress also approved reimbursement rules for settlements involving lawmakers.
U S stocks regained ground in late trading Tuesday after a rocky morning that saw the Dow dip into correction territory. The Dow rose 2.3 percent to 24 914 while the S P 500 advanced 1.75 percent as analysts cautioned that volatility remains.
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