Powell says he favors loosening some bank regulations

WASHINGTON (AP) — Jerome Powell, President Donald Trump's pick to be chairman of the Federal Reserve, told senators at his confirmation hearing Tuesday that he believes some bank regulations can be rolled back — something the administration and Wall Street favor. But he stressed that he will protect the central bank's political independence, calling it vital for the Fed's role.

FED Powell

  • Written by By MARTIN CRUTSINGER , AP Economics Writer

Nevada high-rise suspected gunman dead, hostage safe

RENO, Nevada (AP) — A gunman with a hostage opened fire from the eighth floor of a luxury high-rise condominium in Nevada onto the streets below, authorities said. No injuries were reported.



GOP shoves tax overhaul ahead; shutdown still a threat


WASHINGTON (AP) — Republicans held together and shoved their signature tax overhaul a crucial step ahead Tuesday as wavering GOP senators showed a growing openness. But its fate remained uncertain, and a planned White House summit aimed at averting a government shutdown was derailed when President Donald Trump savaged top Democrats and declared on Twitter, "I don't see a deal!"

  • Written by By ALAN FRAM and ANDREW TAYLOR , Associated Press

What's new, and what's ahead, after North Korea's ICBM test


TOKYO (AP) — Experts may debate trajectories, payload weights and re-entry shields, but North Korea's claim that the entire United States is within range of its rapidly improving missiles just got a lot more credible.

  • Written by By ERIC TALMADGE , Associated Press

NBC News fires Matt Lauer over inappropriate sexual behavior

NEW YORK (AP) — NBC News fired longtime "Today" show host Matt Lauer on Wednesday for "inappropriate sexual behavior," making him the second morning television show personality to lose his job because of sexual misconduct charges in a week.


  • Written by By DAVID BAUDER , AP Media Writer