Economic-Indicators

GOP drops US-Mexico wall demands as spending talks advance

Bipartisan bargainers are making progress toward a budget deal to prevent a partial federal shutdown this weekend, a major hurdle overcome when President Donald Trump signaled he would put off his demand that the measure include money to build his border wall with Mexico.

Trump to propose massive tax cuts for businesses

President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also blowing a massive hole in the budget?

Business Highlights

Wells Fargo faces shareholders, protesters at annual meeting PONTE VEDRA BEACH, Fla. (AP) — Wells Fargo's top management faced a series of protesters and apologized to investors, but board members kept their jobs.

Michigan approves amended tax incentives for Dow, AK Steel

A Michigan board approved restructured tax incentives Tuesday for Dow Chemical and AK Steel and capped the credits' value similarly to how it did in agreements with automakers in recent years, despite lawmakers' criticism of the new deal for the steelmaker.

Senate panel approves Trump's choice to lead trade office

A Senate panel on Tuesday unanimously approved President Donald Trump's pick to represent the U.S. in trade negotiations, a position that will place Robert Lighthizer in the center of the administration's efforts to renegotiate the North American Free Trade Agreement and other pacts Trump has criticized as detrimental to the nation's economy.