Ryan Named House Speaker Amid Debt Deal Push
Wisconsin Rep. Paul Ryan, former 2012 GOP vice presidential candidate, was nominated by secret ballot to be Speaker as Republicans rally behind a two year budget deal with Obama. The measure, approved 266-167, would lift the debt ceiling through March 2017 and set a two year spending plan, moving the party past deep divisions as Pelosi signals cross party support.
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Hastert pleads guilty in hush money scheme case
Former House speaker Dennis Hastert admitted evading banking laws in a hush money scheme and agreed to a deal recommending no more than six months in prison. He acknowledged paying 3.5 million to conceal past misconduct as prosecutors warned of a possible longer sentence at February sentencing.
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Fed keeps rate at record low with December hike hint
The Federal Reserve kept its key rate at a record low amid weak global economy and slow U.S. hiring but signaled a possible December increase. The policy statement stressed monitoring job growth and inflation to judge if a December move is appropriate. Stocks rose late as traders priced in higher rates, with the Dow up about 200 points and the 10 year yield at 2.09 percent.
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Sheriff fires deputy for flipping teen at Spring Valley High
Richland County Sheriff Leon Lott fired Deputy Ben Fields after video showed him flipping a disruptive student from her desk and tossing her across the floor. He called the action unacceptable and said the student posed no danger. Civil rights groups welcomed the swift action as investigations and policy reviews proceed.
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