New life for Medicaid after GOP's health care debacle

WASHINGTON (AP) — It may not equal Social Security and Medicare as a "third rail" program that politicians touch at their own risk, yet Medicaid seems to have gotten stronger after the Republican failure to pass health care legislation.

  • Written by By RICARDO ALONSO-ZALDIVAR , Associated Press

Top Fed official tells AP: Bond portfolio could shrink soon

NEW YORK (AP) — A top Federal Reserve official is suggesting that the Fed will likely announce next month that it will begin paring its bond portfolio — a step that could lead to slightly higher rates on mortgages and other loans.

  • Written by By MARTIN CRUTSINGER , AP Economics Writer

US Navy reports another tense encounter with an Iran drone

DUBAI, United Arab Emirates (AP) — An unarmed Iranian drone shadowed a U.S. aircraft carrier at night and came close enough to F-18 fighter jets to put the lives of American pilots at risk, the Navy said Tuesday, reporting the second such tense encounter within a week.

  • Written by By JON GAMBRELL , Associated Press