Business Briefs – April 10, 2018

McConnell Says He’s Open to Paring Back U.S. Spending Bill

WASHINGTON (AP) — The Senate’s top Republican says he’s open to a proposal from the White House to pare back a hard-fought spending package that has come under assault from party conservatives. But at the same time, Kentucky Sen. Mitch McConnell said the idea of cutting billions of dollars of just-approved spending may not have enough support to pass the Senate. The idea is being floated by the Trump White House with support from top Republicans like House Majority Leader Kevin McCarthy.

Under Trump, a Voice for the American Consumer Goes Silent

NEW YORK (AP) — In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, or any finance companies whatsoever. That’s likely no fluke: Mick Mulvaney, appointed acting director of the Consumer Financial Protection Bureau in November, promised to shrink the bureau’s mandate and take a softer approach to enforcement.

Trump Slump? International Arrivals Data May Be Wrong

NEW YORK (AP) — That “Trump slump” in travel may not be as bad it seems. The U.S. Department of Commerce says government statistics showing a drop in international arrivals may have undercounted some foreigners. Publication of the data has been suspended pending revision. Travel experts applauded the effort to get it right. Tourism Economics President Adam Sacks says his data shows international arrivals to the U.S. increased 2 percent in 2017, but that’s still “underperforming” compared with other markets.

EPA to Clean Up Toxic Texas Site Damaged by Hurricane Harvey

WASHINGTON (AP) — Federal environmental regulators have reached a long-awaited agreement with the owners of a polluted toxic waste site in Texas that was damaged during Hurricane Harvey. The Environmental Protection Agency says it reached a deal with International Paper Co. and McGinnes Industrial Maintenance Corp. to remove dioxin-contaminated materials from the San Jacinto River Waste Pits Superfund site in the Houston area. The companies say they look forward to working with EPA to protect the community.

snub them in favor of roomier crossovers. The only sedans, hatchbacks and coupes that are sticking around will be lower-volume, higher-priced models that’ll help the company reach a long-sought profit margin goal.

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