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Trump budget will hike defense spending by $54 billion

Andrew Taylor and Julie Pace, Associated Press  |  Posted   Feb 27th - 9:57am

The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion.

The Latest: Trump says he hasn't called Russia 'in 10 years'

The Associated Press  |  Posted   Feb 27th - 9:50am

The Latest on President Donald Trump (all times local):

Court may strike law barring sex offenders from social media

The Associated Press  |  Posted   Feb 27th - 9:36am

The Supreme Court appears likely to strike down a North Carolina law that prohibits sex offenders from using Facebook and other social networking sites.

US durable goods orders jumped 1.8 percent in January

Martin Crutsinger, Associated Press  |  Posted   Feb 27th - 9:36am

U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped.

Bill would offer incentives to Idaho's data centers

The Associated Press  |  Posted   Feb 27th - 9:29am

Idaho would join 20 other states currently offering sales tax incentives to data centers under newly introduced legislation.

California dam spillway outflow slowed to clear debris

The Associated Press  |  Posted   Feb 27th - 9:27am

California water authorities started slowing the outflow Monday from the Oroville Dam's crippled spillway to allow workers to remove debris blocking a hydroelectric plant from working.

White House: Trump budget will hike defense spending by $54B

Andrew Taylor and Julie Pace, Associated Press  |  Posted   Feb 27th - 9:16am

The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion.

Billionaire heads toward confirmation as Commerce secretary

Stephen Ohlemacher, Associated Press  |  Posted   Feb 27th - 9:16am

Billionaire investor Wilbur Ross is headed toward confirmation as Commerce secretary in President Donald Trump's administration.

Flight attendant charged in fake bomb threat signs plea deal

Blake Nicholson, Associated Press  |  Posted   Feb 27th - 9:07am

A flight attendant accused of making bogus bomb threats on two Skywest flights in 2015 has signed a plea deal to avoid trial, but he could still end up spending decades in prison.

Attorneys: 5 automakers knew Takata air bags were dangerous

Tom Krisher, Associated Press  |  Posted   Feb 27th - 8:56am

Attorneys for people suing air bag maker Takata and five automakers say the car companies knew that Takata's products were dangerous yet continued to use them for years because they were inexpensive.

Boston transit agency leads US in light rail derailments

The Associated Press  |  Posted   Feb 27th - 8:45am

The eight Massachusetts Bay Transportation Authority trains that derailed last year were the most of any light rail public transit agency in the country.

Fewer Americans signed contracts to buy homes in January

Christopher S. Rugaber, Associated Press  |  Posted   Feb 27th - 8:35am

Fewer Americans signed contracts to purchase homes last month as rising prices, higher mortgage rates and a dwindling supply of available homes appeared to frustrate many potential buyers, especially in the West.

Grain lower; livestock higher

The Associated Press  |  Posted   Feb 27th - 8:35am

Grain futures were lower Monday in early trading on the Chicago Board of Trade.

Grain lower; livestock higher

The Associated Press  |  Posted   Feb 27th - 8:30am

Grain futures were lower Monday in early trading on the Chicago Board of Trade.

PwC's hard-won reputation under threat after Oscars mistake

Pan Pylas, Associated Press  |  Posted   Feb 27th - 8:26am

For 82 years, accounting and consulting firm PwC has enjoyed a reputational boon from handling the balloting process at the Academy Awards.

Liz Weston: The emergency fund you can eat

Liz Weston, Associated Press  |  Posted   Feb 27th - 8:25am

three to six months' worth of expenses — can take years. You can build an edible emergency fund a lot quicker.

White House: President Donald Trump's upcoming budget to ask for $54B increase in defense budget

The Associated Press  |  Posted   Feb 27th - 8:25am

White House: President Donald Trump's upcoming budget to ask for $54B increase in defense budget.

Markets Right Now: Stocks open lower on Wall Street

The Associated Press  |  Posted   Feb 27th - 7:43am

The latest on developments in financial markets (All times local):

United, after years of declining revenue, hits the thrusters

David Koenig, Associated Press  |  Posted   Feb 27th - 7:03am

United Airlines, which lost the distinction of being the world's biggest carrier after shrinking for several years, plans to regain lost ground by adding more flights from key airports this summer.

Malaysia says Saudi Aramco will invest $7 billion in oil hub

The Associated Press  |  Posted   Feb 27th - 6:26am

Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia, making it the single largest investor in the Southeast Asian country.