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Treasury chief: Facebook currency plan ripe for illicit use

Jul. 15, 2019 6:24 PM EDT

WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism. Treasury Secretary Steven Mnuchin...

Trump nominates Esper to be defense chief, succeeding Mattis

Jul. 15, 2019 4:17 PM EDT

WASHINGTON (AP) — President Donald Trump on Monday asked the Senate to confirm Mark Esper as the successor to former Defense Secretary Jim Mattis, whose resignation last December opened an unprecedented period of senior-level instability at the Pentagon. The moment the nomination was received by the Senate...

Today in History

Jul. 14, 2019 12:01 AM EDT

Today in History Today is Sunday, July 14, the 195th day of 2019. There are 170 days left in the year. Today's Highlight in History: On July 14, 1980, the Republican national convention opened in Detroit, where nominee-apparent Ronald Reagan told a welcoming rally he and his supporters were determined to "make...

The Latest: Mueller testimony delayed until July 24

Jul. 13, 2019 6:11 AM EDT

WASHINGTON (AP) — The Latest on special counsel Robert Mueller's planned testimony before Congress (all times local): 8:10 p.m. Special counsel Robert Mueller's testimony to Congress has been delayed until July 24 under an agreement that gives lawmakers more time to question him. Mueller had been scheduled...

Today in History

Jul. 13, 2019 12:01 AM EDT

Today in History Today is Saturday, July 13, the 194th day of 2019. There are 171 days left in the year. Today's Highlight in History: On July 13, 1985, "Live Aid," an international rock concert in London, Philadelphia, Moscow and Sydney, took place to raise money for Africa's starving people. On this date: In...

Special counsel Mueller's testimony delayed until July 24

Jul. 12, 2019 9:47 PM EDT

WASHINGTON (AP) — Special counsel Robert Mueller's testimony to Congress has been delayed until July 24 under an agreement that gives lawmakers more time to question him. Mueller had been scheduled to testify July 17 before two house committees about the findings of his Russia investigation. But lawmakers...

Special counsel Robert Mueller's testimony to Congress pushed to July 24 after he agrees to more time for questioning

Jul. 12, 2019 8:11 PM EDT
WASHINGTON (AP) — Special counsel Robert Mueller's testimony to Congress pushed to July 24 after he agrees to more time for questioning.

Pentagon in its longest-ever stretch of leadership limbo

Jul. 12, 2019 6:40 AM EDT

WASHINGTON (AP) — When he resigned as defense secretary last December, Jim Mattis thought it might take two months to install a successor. That seemed terribly long at the time. Seven months later, the U.S. still has no confirmed defense chief even with the nation facing potential armed conflict with Iran....

One reason for a Fed cut: Powell now fears too-low inflation

Jul. 11, 2019 5:16 PM EDT

WASHINGTON (AP) — In a shift from just a few months ago, Federal Reserve Chairman Jerome Powell is worried that too-low inflation could persist for a while — and undercut the U.S. economy. Powell's concern is a key reason why the Fed will likely cut short-term interest rates late this month for the...

Senate committee sets Tuesday hearing on Pentagon leadership

Jul. 11, 2019 1:25 PM EDT

WASHINGTON (AP) — The Senate Armed Services Committee has scheduled a hearing Tuesday on Mark Esper's expected nomination as defense secretary. The committee says it's "pre-nomination paperwork" from the White House regarding the now-acting Pentagon chief. President Donald Trump has said he intends to...