No U.S. Bailout for Puerto Rican Debt, Trumps Budget Chief Says

No U.S. Bailout for Puerto Rican Debt, Trumps Budget Chief Says
President Donald Trump’s budget chief said not to take literally the president’s suggestion that Puerto Rico’s debt would be “wiped out,” even as the territory’s bonds plunged to a record low on Wednesday: 32 cents on the dollar."I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem,” Mick Mulvaney, director of the White House budget office, said in an interview Wednesday.Puerto Rico, ravaged

GOP Plan Has Large Tax Breaks for the Highest Earners

GOP Plan Has Large Tax Breaks for the Highest Earners
Despite President Donald Trump’s statement this month that “the rich will not be gaining at all,” the tax plan that the White House and Republican leaders rolled out may contain more than $1 trillion in breaks for the highest earners and the wealthy -- at least without revenue offsets that remain largely unspecified.“This is a huge tax cut for the top 1 percent,” Leonard Burman, director of the Urban-Brookings Tax Policy Center, said Wednesday after details of the plan

Anthony Weiner Sentenced to 21 Months in Prison

Anthony Weiner Sentenced to 21 Months in Prison
Anthony Weiner was sentenced to 21 months in prison for exchanging sexually explicit messages with a 15-year-old girl, capping the spectacular fall of the former congressman whose self-destructive behavior wrecked his career and marriage and played a role in the final days of the 2016 presidential campaign.“The crime I committed was my rock bottom,” a tearful Weiner told U.S. District Judge Denise Cote. He was ordered to surrender to prison on Nov. 6.“I was a very sick man for