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WASHINGTON (AP) — President Barack Obama on Wednesday announced the resignation of the top official at the Internal Revenue Service following a controversy over the agency's targeting of conservative political groups.
WASHINGTON (AP) -- President Barack Obama will discuss the Internal Revenue Service's targeting of conservative groups with Treasury Secretary Jacob Lew Wednesday afternoon. White House press secretary Jay Carney says Obama expects people to be held accountable.
WASHINGTON (AP) -- A House committee rebuffed Democratic efforts Wednesday to keep the $80 billion-a-year food stamp program whole, as debate on the farm bill turned into a theological discourse on helping the poor.
WASHINGTON (AP) -- The FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act, which prohibits federal employees from engaging in some partisan political activities, Attorney General Eric Holder said Wednesday.
WASHINGTON (AP) -- Attorney General Eric Holder told Congress Wednesday that a serious national security leak required the secret gathering of telephone records at The Associated Press as he stood by an investigation in which he insisted he had no involvement.
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
WASHINGTON (AP) -- U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output.
MINNEAPOLIS (AP) — Arctic Cat posted a smaller-than-expected loss in its fiscal fourth-quarter, as sales improved across all product lines. The maker of recreational vehicles and snowmobiles said Wednesday that it is reinstating its quarterly dividend and approved the buyback of up to $30 million of its stock due to its strong performance, healthy cash flow and future prospects. Arctic Cat lost $5.1 million, or 38 cents per share, during the traditionally slow fourth quarter.
WEST, Texas (AP) -- When they saw 30-foot flames licking the sky inside a massive fertilizer plant, firefighters in this tiny Texas town rushed to evacuate nearby buildings and raced to spray water on tanks of chemicals, hoping to prevent a catastrophe.
MOLINE, Ill. (AP) -- Deere & Co. says its second-quarter net income rose almost 3 percent as it raised prices and the farm economy continued to be strong. The company, which makes farm tractors as well as construction equipment, earned $1.08 billion, or $2.76 per share, for its most recent quarter. That was up from $1.06 billion, or $2.61 per share, during the same period last year. That topped analysts' average estimates for earnings of $2.71 per share.