WASHINGTON—A stopgap funding bill to avoid a federal government shutdown later this week failed to garner enough votes to move forward in the Senate on Tuesday, with Democrats and Republicans both opposing the measure. The must-pass continuing resolution, which would keep federal agencies operating from Saturday through Dec. 9, received only 45 of the 60 votes needed to limit debate and be considered for passage by the 100-seat Republican-controlled Senate.
GENEVA — The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 percent in April, marked the first time in 15 years that international commerce was expected to lag the growth of the world economy, the trade body said.
HEMPSTEAD, N.Y.,—Democrat Hillary Clinton accused Republican Donald Trump on Monday of having a long history of racist behavior during a heated presidential debate that could reshape the 2016 campaign for the White House. Clinton and Trump interrupted each other throughout the debate on topics ranging from foreign policy to the economy. Trump said Clinton had very little to show for her many years in public life.
CHASKA - A video tribute, a moment of silence and a tangible salute to Arnold Palmer will be part of a celebration of the late golfer's life at this week's Ryder Cup matches between U.S. and European golfers. A tribute to Palmer, who died on Sunday at age 87, will be held on the first tee on Friday's opening of the competition, PGA of America president Derek Sprague said on Monday. U.S. team captain Davis Love III and European captain Darren Clarke said the teams would both honor 'The King' during the 41st edition of the biennial match play competition.
CHICAGO—Halloween enthusiasts need not take fright over the state of this year's U.S. pumpkin crop. Supplies of the orange-yellow fruit are much more plentiful than last year, easing concerns of...
The majority of e-cigarette users have "vaped" in a smoke-free environment and most don't view use of the devices as harmful to themselves or others, according to a U.S. study. Nearly three quarters of users opposed banning e-cigarette use in public spaces that are designated as non-smoking, and younger users are most likely to consider all spaces acceptable for vaping, surveys found. E-cigarette use is on the rise in the U.S. and nearly 4 percent of adults currently use the devices, according to the Centers for Disease Control and Prevention.
DETROIT — September U.S. auto sales are forecast to drop nearly 1 percent from a year ago, despite a record high for consumer discounts, J.D. Power and LMC Automotive on Monday said. The two auto industry consultants said September U.S. new vehicle sales will be 1.43 million, down 0.8 percent from a year earlier. The seasonally adjusted annualized rate for September will be 17.7 million vehicles, down from 18 million on the same basis a year earlier.
SINGAPORE/HONG KONG — Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs. The job cut plan comes after Reuters reported on Friday that Goldman Sachs is planning to cut almost 30 percent of its 300 investment banking jobs in Asia outside Japan, in response to a fall in activity in the region.
WASHINGTON — New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department on Monday said new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. Sales were up 20.6 percent from a year ago. Economists polled by Reuters had forecast single-family home sales, which account for roughly 10 percent of all home sales, falling to a rate of 600,000 units last month.
LOS ANGELES — Student loan debt is out of control, but really it is the parents we should be most worried about. There is only one type of educational loan available to families that has no restriction on how much can be borrowed and no formula for testing whether the borrower can afford the debt - and it is targeted at parents. No credit history? No job? Neither is a deterrent to securing the federal government's Parent Loan for Undergraduate Students program — better known as the PLUS loan.