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NEW YORK (AP) — Stocks are holding steady on Wall Street. The rally fueled by the Federal Reserve's announcement on interest rates Wednesday faded today. The S&P 500 slipped more than 3 points to 2,381. The Dow fell just over 15 points to close at 20,934. The Nasdaq, meanwhile, rose a fraction of a point to 5,900. The Russell 2000 index of smaller stocks also rose slightly, up 3 points to end the day at 1,386.
NEW YORK (AP) — Oil futures are down today. Benchmark U.S. crude resumed its slide and slipped 11 cents to settle at $48.75 per barrel. In New York. It was the eighth drop for oil in the last nine days. Meanwhile, Brent crude, which is used to price international oils, fell 7 cents to $51.74 a barrel in London trading.
WASHINGTON (AP) — The national debt limit is coming back into force at a level near $20 trillion, prompting the Trump administration to alert Congress about the measures it will take to stay under the new limit. Treasury Secretary Steven Mnuchin said in a letter to lawmakers that that he has started employing various bookkeeping measures to avoid breaching the new limit, a process that will provide possibly five months or more for Congress to raise the limit.
WASHINGTON (AP) — President Donald Trump is calling for privatizing the nation's air traffic control operations in his budget proposal, a top priority of the airline industry. It says spinning off air traffic operations from the Federal Aviation Administration and placing them under an "independent, non-governmental organization" would make the system "more efficient and innovative while maintaining safety." The FAA would continue to provide safety oversight.
PROVIDENCE, R.I. (AP) — The company that built the first offshore wind farm in the U.S. says the powerful storm that hit the Northeast this week was a chance to go "full throttle" and put the turbines through their paces. Deepwater Wind says all five turbines off Rhode Island operated at full capacity during much of Tuesday's nor'easter. It says the wind farm automatically powered down when the sustained wind speeds exceeded 55 mph, the designated limit.
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