Abbas says UN should replace US as Mideast mediator

ISTANBUL (AP) — Breaking with years of courting the U.S., Palestinian President Mahmoud Abbas called Wednesday for the United Nations to replace Washington as a Mideast mediator and suggested he might not cooperate with the Trump administration's much-anticipated effort to hammer out an Israeli-Palestinian peace deal.

  • Written by By KARIN LAUB and ZEYNEP BILGINSOY , Associated Press

Fed boosts benchmark rate for third time this year

WASHINGTON (AP) — The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession.

FED Yellen

  • Written by By MARTIN CRUTSINGER , AP Economics Writer

GOP tax plan trims top rate for wealthy, cuts corporate rate

WASHINGTON (AP) — A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.

GOP TAXES

  • Written by THE ASSOCIATED PRESS

Democrat Jones wins stunning red-state Alabama Senate upset

MONTGOMERY, Ala. (AP) — In a stunning victory aided by scandal, Democrat Doug Jones won Alabama's special Senate election, beating back history, an embattled Republican opponent and President Donald Trump, who urgently endorsed GOP rebel Roy Moore despite a litany of sexual misconduct allegations.

AL Jones

  • Written by By KIM CHANDLER and STEVE PEOPLES , Associated Press