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Obama-era rule on financial advisers to go forward, for now

Marcy Gordon, Associated Press  |  Posted   May 23rd - 1:55pm

The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it's leaving open the possibility that deep changes to the rule will still be made.

Congressman quits post in GOP group over health care bill

Alan Fram, Associated Press  |  Posted   May 23rd - 1:55pm

A New Jersey Republican congressman who helped push the House health care bill to passage quit his post Tuesday as a chairman of the chamber's moderate Tuesday Group, criticizing colleagues for having "different objectives and a different sense of governing than I do."

Grain lower, livestock mixed

The Associated Press  |  Posted   May 23rd - 1:47pm

Grain futures were lower Tuesday on the Chicago Board of Trade.

Grain lower, livestock mixed

The Associated Press  |  Posted   May 23rd - 1:47pm

Grain futures were lower Tuesday on the Chicago Board of Trade.

UPDATED

Trump budget: More for the military, less for the poor

Andrew Taylor and Martin Crutsinger, Associated Press  |  Posted   May 23rd - 1:46pm

President Donald Trump on Tuesday sent Congress a $4.1 trillion federal spending plan that promises faster economic growth and steep cuts to programs for the poor in a bid to balance the government's books over the next decade.

Gold, silver fall

The Associated Press  |  Posted   May 23rd - 1:36pm

The May gold contract on the New York Mercantile Exchange closed today at $1254.80 an ounce -- down $5.90.

Enzi says federal government must live within its means

The Associated Press  |  Posted   May 23rd - 1:36pm

Sen. Mike Enzi commends President Donald Trump for submitting a balanced budget to Congress.

US says Fiat Chrysler used software to beat emissions tests

Tom Krisher, Associated Press  |  Posted   May 23rd - 1:25pm

The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests.

Fox News finds itself in an unaccustomed spot _ out of first

David Bauder, Associated Press  |  Posted   May 23rd - 1:25pm

Fox News Channel has found itself somewhere it has rarely been the past decade — out of first place.

Key Mexico-US border crossing remains closed after damage

The Associated Press  |  Posted   May 23rd - 1:25pm

A major commercial border crossing between the U.S. and Mexico will remain closed this week as a result of damaging winds and rain.

Advocates slam Trump plan to reduce aid for college students

Maria Danilova, Associated Press  |  Posted   May 23rd - 1:20pm

Education advocates say President Donald Trump's budget contradicts his campaign pledge to make college more affordable with its proposed elimination of subsidized student loans and cuts in other programs that help students pay tuition.

Poor and disabled big losers in Trump budget; military wins

Stephen Ohlemacher, Associated Press  |  Posted   May 23rd - 1:17pm

The poor and the disabled are big losers in President Donald Trump's $4.1 trillion budget proposal while the Pentagon is a big winner.

More sponsors pull out of New York's Puerto Rican Day parade

Colleen Long, Associated Press  |  Posted   May 23rd - 1:16pm

More sponsors are dropping out of a New York City parade that is honoring a Puerto Rican nationalist who served decades in prison for his involvement in a group that claimed responsibility for more than 100 bombings.

Expiring law could leave Route 66 towns without key funding

Russell Contreras, Associated Press  |  Posted   May 23rd - 1:16pm

Route 66, the historic American roadway that linked Chicago to the West Coast, soon may be dropped from a National Park Service preservation program, which would end years of efforts aimed at reviving old tourist spots in struggling towns.

Stocks clawing back more lost ground with 4th straight gain

Marley Jay, Associated Press  |  Posted   May 23rd - 1:16pm

US stocks are clawing back more of the ground they lost last week and approaching record high levels Tuesday. Banks were rising in tandem with interest rates, which will allow them to charge higher rates on loans. Gains for health care and beverage companies are also contributing. Consumer-focused companies like auto parts retailers and homebuilders are down, and auto parts companies are falling after weak results from AutoZone.

Nielsen's top programs for May 15-21

The Associated Press  |  Posted   May 23rd - 12:59pm

Prime-time viewership numbers compiled by Nielsen for May 15-21. Listings include the week's ranking and viewership.

The Latest: Coca-Cola, Yankees to skip Puerto Rican parade

The Associated Press  |  Posted   May 23rd - 12:59pm

The Latest on sponsors pulling out of New York City's Puerto Rican Day parade (all times local):

Only on AP: CEO pay climbed faster last year, up 8.5 percent

Stan Choe, Associated Press  |  Posted   May 23rd - 12:46pm

The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That's the biggest raise in three years.

Why Trump's budget plan wouldn't likely accelerate growth

Josh Boak, Associated Press  |  Posted   May 23rd - 12:46pm

The Trump administration's budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year — a level it hasn't achieved in more than a dozen years.