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Trump’s 2019 Budget Underestimated New Debt by $2.3 Trillion, CBO Says

Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional Budget Office finds that the president’s proposal won’t rein in rising deficits like the White House claims.CBO estimates that, over the 10 years from 2019 to 2028, the Trump budget request would cut the deficit by $2.9 trillion compared to the current baseline. The White House estimated that the deficit reduction over that time would total $5.2 trillion. … …read more […]

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Mexico says will not renegotiate NAFTA under pressure, but makes new offer

MEXICO CITY/WASHINGTON (Reuters) – Mexico will not buckle to pressure to conclude the long-stalled renegotiation of NAFTA, President Enrique Pena Nieto’s spokesman said on Thursday, but a source said the country made a new offer after the United States launched a probe exploring auto tariffs.

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Dem, GOP leaders get classified briefings on Russia probe

Republican and Democratic lawmakers on Thursday huddled in classified briefings about the origins of the FBI investigation into Russia’s meddling in the 2016 presidential election, a highly unusual series of meetings prompted by partisan allegations that the bureau spied on the Trump campaign. Democrats emerged from the meetings saying they saw no evidence to support Republican allegations that the FBI acted inappropriately in its early investigation into ties between Russia and Donald Trump’s presidential campaign. …read more […]

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U.S. jury awards Apple $539 million in Samsung patent retrial

(Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages.

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U.S. jury awards Apple $539 million in Samsung patent retrial: CNET

(Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million Apple Inc for copying patented smartphone features, technology publication CNET reported, bringing a years-long feud between the technology companies into its final stages.

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Exclusive: U.S. bill would force tech companies to disclose foreign software probes

WASHINGTON (Reuters) – U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters on Thursday.

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