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Trump stands by 'wiretap' claim...Less help for economy...Stocks gain

By The Associated Press | Posted - Mar. 15, 2017 at 2:52 p.m.



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WASHINGTON (AP) — President Donald Trump is standing by his tweet that the Obama administration wiretapped him last year. Speaking on Fox News' "Tucker Carlson Tonight," Trump says "wiretap covers a lot of different things." Trump also says in the interview that he expects "some very interesting items coming to the forefront over the next 2 weeks." Republican and Democratic leaders of the House Intelligence Committee say they have seen no evidence supporting Trump's claim that the Obama administration wiretapped him. Devin Nunes, who chairs the panel, says that if you take Trump's tweets "literally," then "clearly the president was wrong."

WASHINGTON (AP) — The economy is strong enough to do without the super-low borrowing rates that have helped in the recovery from the Great Recession. That message comes today from the Federal Reserve, in the form of a second interest rate increase in three months -- and a forecast of two additional hikes this year. The move reflects a consistently solid U.S. economy, and it will likely mean higher rates on some consumer and business loans.

NEW YORK (AP) — Stocks are closing with solid gains after the Federal Reserve nudged interest rates higher and signaled that any further increases this year will be gradual. Financial stocks fell. Capital One Financial lost 2 percent. The S&P 500 rose 19 points. The Dow gained 112. The Nasdaq rose 43 points.

SAN FRANCISCO (AP) — The embattled fire chief of Oakland has announced plans to retire. The move comes amid questions of her department's failure to inspect a warehouse that was illegally used as a housing and entertainment space where 36 people died in December. Chief Teresa Deloach Reed filed retirement papers while her department continues to investigate the cause of the warehouse fire.

BISMARCK, N.D. (AP) — Officials are re-establishing traffic on a stretch of highway in North Dakota that has been closed for months due to protests against the Dakota Access oil pipeline. The stretch of state Highway 1806 was shut down in late October after a bridge was damaged by fires during protests. It's near the area where pipeline opponents camped for months. The camps were cleared out and shut down late last month in advance of spring flooding season.

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The Associated Press

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