Abrams admits defeat in hard-fought Georgia governor race

(Reuters) – Georgia Democrat Stacey Abrams admitted defeat in her effort to become the first black female U.S. governor on Friday, but said she planned to sue the state over voting problems and “gross mismanagement” of the election. Abrams’ announcement effectively hands victory to Republican Brian Kemp in a bitter race that has drawn national attention both for her historic […]

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Trump says he 'easily' answered Russia probe questions

WASHINGTON (Reuters) – President Donald Trump on Friday said he had “very easily” completed his written answers for Special Counsel Robert Mueller’s investigation into Russia’s role in the 2016 U.S. election, but had not yet submitted them to Mueller’s office. Speaking to reporters at the White House, Trump said he wrote the answers to the questions himself. “My lawyers don’t […]

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Foreigners sell U.S. Treasuries in Sept -Treasury data

NEW YORK, Nov 16 (Reuters) – Foreigners cut back their holdings of U.S. government debt in September after making their biggest monthly purchase of Treasuries since June 2015 the month before, data from the Treasury Department showed on Friday. Overseas official and private investors in total sold $11.539 billion in Treasuries last month, compared with $63.13 billion they bought in […]

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Tight Senate race in Florida hangs on hand recount of ballots

TAMPA, Fla. (Reuters) – Florida election officials on Friday were slogging through a hand recount of ballots to determine who won a hard-fought U.S. Senate contest, with about a dozen high-profile races across the country remaining unresolved more than a week after elections. Outgoing Republican Governor Rick Scott held a narrow lead over incumbent Democrat Bill Nelson after an electronic […]

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US STOCKS SNAPSHOT-Wall St ends up on hopes of easing U.S.-China trade tensions

NEW YORK, Nov 15 (Reuters) – U.S. stocks rose on Thursday after a news report that further U.S. tariffs on Chinese imports would be paused spurred optimism that the two countries could resolve their trade dispute. A spokesperson for U.S. Trade Representative Robert Lighthizer, however, denied the report. Based on the latest available data, the Dow Jones Industrial Average rose […]

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Trump's FERC nominee to seek counsel if coal bailout plan returns

WASHINGTON (Reuters) – U.S. President Donald Trump’s nominee to join a key panel of independent energy regulators, who helped roll out a Department of Energy (DOE) directive to bail out aging coal and nuclear plants, told senators on Thursday he did not know if he would recuse himself if the issue reappears before the commission. Last month Trump nominated Bernard […]

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Pentagon fails its first ever audit, official says

WASHINGTON (Reuters) – The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve. Results of the inspection – conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and […]

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Trump endorses U.S. House prison reform bill

WASHINGTON (Reuters) – President Donald Trump endorsed a bipartisan U.S. House bill on Wednesday intended to reform the federal prison system and help inmates prepare for life after release, but the legislation faces an uncertain future in the Senate. The First Step Act, co-sponsored by Republican Doug Collins of Georgia and Democrat Hakeem Jeffries of New York, passed overwhelmingly in […]

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