Posted inBusiness

Briefcase

Mix of economic news leads to mixed day on Wall Street NEW YORK – Stocks rallied to finish mixed Thursday after spending most of the day in the red. Investors were reminded that Europe has not solved its debt crisis and the U.S. economy is far from healed. The Dow Jones industrial average was down […]

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Posted inNation & World

A split House passes budget destined to fail in Senate

WASHINGTON – A divided House approved a $3.6 trillion Republican budget on Thursday recasting Medicare and imposing sweeping cuts in domestic programs, capping a battle that gave both political parties a campaign-season stage to spotlight their warring deficit-cutting priorities. But the partisan divisions over the measure, which is dead on arrival in the Democratic-led Senate, […]

Posted inNation & World

Senate turns down bid to end oil company tax breaks

WASHINGTON – President Obama’s plea to Congress to end $4 billion in tax subsidies to oil companies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the tax breaks. Moments after Obama made his election-year appeal in the White House Rose Garden, the Senate failed to reach the threshold of votes […]