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By LISA MASCARO and KEVIN FREKINGWASHINGTON (AP) — President-elect Donald Trump announced “success” in coming up with a new plan to fund the government and lift the debt ceiling a day before a government shutdown, urging Congress to swiftly pass it in votes as soon as Thursday evening.Trump’s social media post landed as Republicans said they had narrowed in on a tentative accord after grueling closed-door talks. The new plan would keep government running for three more months, add disaster assistance for hurricane-hit states and others, and allow more borrowing through Jan. 30, 2027, Republicans said.“SUCCESS in Washington! Speaker Mike Johnson and…
LOS ALAMITOS THOROUGHBRED MEET LEADERS (Final, through Sunday) Jockeys / Wins Antonio Fresu / 6 Tiago Pereira / 6 Armando Ayuso / 5 Kyle Frey / 5 Tyler Baze / 4 Trainers / Wins Steve Knapp / 7 John Sadler / 3 (Eleven tied) / 2 WEEKEND STAKES LOS ALAMITOS QUARTER HORSES Saturday • $30,000 First Down Dash Handicap, quarter horses, 3-year-olds and up, 400 yards • $25,000 A Ransom Handicap, quarter horses, 3-year-olds, 350 yards Sunday • $175,000 Southern California Derby, quarter horses, 3-year-olds, 400 yards DOWN THE STRETCH • Santa Anita has lowered its bottom-level claiming prices to…
Ready for a new year and a reinvigorated housing market?Here are my 2025 predictions for the market.Freddie Mac mortgage rates are going to drop below 6% and stay in the mid-5s for most of the year. This year, we saw rates top out at 7.22% on May 22. Rates bottomed out at 6.08% on Sept. 26.Also see: California homebuying jumps 20%, biggest gain in 41 monthsThe economy is strong, but Trump has vowed to raise import tariffs. This should mean rates are more likely to go up than come down. So, what gives? There’s almost $18 trillion in consumer debt, an…
By MATTHEW DALY, Associated PressWASHINGTON (AP) — President Joe Biden is pledging to cut U.S. greenhouse gas emissions by more than 60% by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he takes office next month.Biden said the new goal — which supersedes a previous plan to cut carbon emissions at least in half by 2030 — keeps the United States on track to achieve net-zero greenhouse gas emissions economy-wide by 2050. The U.S. is making a formal submission of the new…
UCLA made two significant additions to its football coaching staff, hiring Andy Kwon as its offensive line coach and Gabe Lynn as its safeties coach, the program and head coach DeShaun Foster announced Thursday.Kwon, 30, will take over for Juan Castillo after overseeing the offensive line for the past three seasons at Arkansas State.“Coach Kwon is an up-and-coming young coach who has already shown an ability to effectively teach while relating to his players,” Foster said in a statement. “As a former center, he knows the ins and outs of the line and I know he can’t wait to put…
By Reshmi Basu | Bloomberg Big Lots does not expect to complete a planned sale of its business to private equity firm Nexus Capital Management LP, putting the discount retailer that employs more than 27,000 people at risk of liquidation. The company said it continues to work toward completing an alternative transaction with Nexus or another party, and aims to complete that by early January, it said in a release. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatened the economics of the sale of the chain to Nexus, Bloomberg reported earlier on Thursday.…
By AMY TAXIN and SOPHIA TAREENLOS ANGELES (AP) — Winston Leiva rattles off a long list of things immigrants should do to protect themselves against President-elect Donald Trump’s promise to conduct mass deportations when he returns to the White House.Make a plan for someone to care for your children if you are arrested. Don’t open the door unless authorities slip a signed judicial warrant under it. And above all, exercise your right to remain silent.“We already know this administration,” Leiva told participants of a bilingual workshop in Los Angeles for immigrants who want to stay in the United States. “The…
Sen. Mitt Romney (R-Utah) became the first, and for a time, the only senator in U.S. history to vote to convict an impeached president of his own party. That vote followed the first impeachment of President Donald Trump over the allegation that he solicited Ukraine to interfere in the 2020 presidential election.Romney also voted to convict Trump after the president’s second impeachment over his alleged incitement of an insurrection on Jan. 6, 2021. This time, Romney joined six other Republican senators.During the 2016 presidential primary, Romney, the 2012 Republican presidential nominee, in a speech eviscerated Trump’s character and predicted economic…
By David Bauder | The Associated Press Neil Cavuto, a business journalist who hosts a weekday afternoon show on Fox News Channel and has been with the network since its inception in 1996, is leaving after Thursday’s show, Fox said. A workhorse at the network, Cavuto also hosts programs at Fox’s sister, the Fox Business Network, and is not considered one of the stable of opinion hosts. “Neil Cavuto’s illustrious career has been a master class in journalism, and we’re extremely proud of his incredible 28-year run with Fox News Media,” the network said. “His programs have defined business news…
The Department of Government Efficiency has made a promise: It will go after regulations that slow growth, obstruct innovators and cost American households thousands of dollars each year. Here’s hoping for success.The burden of excessive regulation is hard to measure. We know, for instance, that the Code of Federal Regulations is over 188,000 pages long, guaranteeing that citizens can never really be sure they comply with every regulation.While the stated intent of many rules is to protect the public interest — be it the environment, safety or market fairness — the unintended consequences are often staggering. Regulations frequently impose costs…