Jim Zarroli
Stories
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Politics
Trump Sues 2 Banks To Block Democrats From Investigating His Finances
The lawsuit seeks to prevent Deutsche Bank and Capital One from responding to subpoenas from two House panels seeking personal financial documents related to the president, his family and his company.
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Politics
2 House Committees Issue Subpoenas To Deutsche Bank For Trump's Financial Records
House Democrats have ramped up their investigation of President Trump's finances by issuing a subpoena to Deutsche Bank, which is one of few financial institutions willing to lend to Trump recently.
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Business
The Losers And Winners Of The Trump Administration's Big Tax Cut
It's tax day and many Americans are finding out whether last year's big tax overhaul really did cut their taxes. Most did, but some people saw their tax bill go up considerably.
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Politics
CEOs Of Big Banks Face Tough Questioning On Capitol Hill
The House Financial Services Committee is grilling the heads of seven bank CEOs Wednesday about the stability of the financial system a decade after the financial crash.
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Business
Bank of America Raising Its Minimum Wage To $20 An Hour
The wage increase, to be phased in by 2021, comes as the strong economy means employers are competing to fill open positions.
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Politics
News Brief: FAA Head On Capitol Hill, Jussie Smollett
The head of the Federal Aviation Administration is expected to face sharp questioning as he goes before a Senate committee. Also the latest on Jussie Smollett.
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Politics
Despite Trump's Promises, The Trade Deficit Is Only Getting Wider
President Trump has pushed tariffs to cut the trade gap. But the United States bought more from other countries than it sold to them last year, pushing the deficit to a level not seen since 2008.
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Politics
U.S. Economy Grew 2.9 Percent In 2018, Just Below Trump's Target
The U.S. economy expanded at a solid 2.6 percent rate during the last three months of 2018, but growth was significantly lower than it had been earlier in the year as the boost from tax cuts waned.
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Business
Fed Changes Course, Holds Off On Raising Interest Rates
The Federal Reserve is holding off on additional rate hikes for now. This new more patient approach follows months of volatility in financial markets and signs of slowing economic growth in the U.S.
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Business
China's Slowing Economy Could Give U.S. An Advantage In Trade Talks
China's dynamic economy is slowing, giving some U.S. officials confidence America will have the upper hand with China in tough trade talks. But Chinese leaders may not be inclined to make concessions.