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Today's News
Senate votes to make small cut to food stamps
3 hours ago
The Senate voted Tuesday to keep a $400 million annual cut _ or roughly a half of 1 percent _ to the food stamp program as part of a major five-year farm bill. The Senate Agriculture Committee included the small cut in its version of the farm bill in an effort to appease the House Republicans and also to end what its chairwoman, Sen. Debbie Stabenow, D-Mich., said was a misuse of the program. The Senate bill would target states that give people who don't have heating bills very small amounts of heating assistance so they can automatically qualify for higher food stamp benefits.
AP Top Extended Financial Headlines At 5:46 p.m. EDT
3 hours ago
JPMorgan shareholders let CEO Jamie Dimon keep chairman job Apple CEO Cook testifies before Senate panel after report says it avoids billions in taxes Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings
AP Top Financial News At 5:46 p.m. EDT
3 hours ago
JPMorgan's Dimon survives shareholder referendum Apple's Cook faces Senate questions on taxes Stocks gain on reassurance from a top Fed official
Apple's Cook faces Senate questions on taxes
3 hours ago
The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes. "We pay all the taxes we owe _ every single dollar," Cook said. "We don't depend on tax gimmicks."
