Year-end budget deal blends spending and tax cuts
Washington lawmakers and the White House endorse a massive government-wide budget package totaling over one trillion dollars in year end spending and hundreds of billions in tax cuts. It funds agencies through Sept 30, averting a shutdown and aims for quick final passage before the holidays. Speaker Paul Ryan frames the package as a pragmatic compromise amid divided government. The deal includes oil export provisions and delayed tax suspensions tied to ObamaCare funding, with critics pointing to special-interest provisions and late-night negotiations.
MENTIONED IN THIS ARTICLE
Washington
White House
Capitol Hill
Congress
House
Paul Ryan
Josh Earnest
Barack Obama
Obama
Earnest
Ryan
John Boehner
House Rules Committee
Michael C. Burgess
Texas
Capitol
Fed ends near zero rates with modest 0.25 point hike
The Federal Reserve raised its benchmark rate from near zero to 0.25 to 0.50 percent, signaling gradual increases as the economy strengthens and inflation rises. Banks moved their prime rate to 3.50 percent, while auto sales remain on track for a record 17.5 million this year and borrowing costs for some loans are expected to rise slowly.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
James Marple
TIX Economics
Dow Jones
Treasury
Wells Fargo
Lawmakers push tougher penalties for school threats
Hartford area report notes states consider harsher penalties for making school threats amid terrorism fears and school shutdowns. Wisconsin Rep Ed Brooks cites a Facebook threat case, proposing a medium- to high-grade felony for threats with evacuation injuries, stressing seriousness over pranks.
MENTIONED IN THIS ARTICLE
Hartford
Conn
U.S
Los Angeles
Michael Dorn
Safe Havens International
Ing
Wisconsin
Ed Brooks
Brooks
Mistrial in 1st officer's trial in Gray case
Baltimore prosecutors suffered a setback as a hung jury ended William Porter’s trial over Freddie Gray’s death in a police van. Crowds protested near the courthouse while officials called for calm after citywide unrest and renewed calls for accountability.
MENTIONED IN THIS ARTICLE
Baltimore
Freddie Gray
North
Pennsylvania
William Porter
Baltimore City
Marilyn Mosby
Gray
Porter
Stephanie Rawlings Blake
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THE
Associated Press
J. Scott Applewhite
Janet Yellen
Federal Reserve System
Federalreserve
Steven Szakaly
National Automobile Dealers Association
Odessa
Grandview Avenue
Accent Granite & Marel
James Y. Li, MD
W. 5Th St
RIV
Metro Equipment & Rental Co., Inc
Interstate
Metroeq.com
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