Business

AmEx Settles With Feds Over Add-On Products

by Sam Sanders

American Express has agreed to pay a $16 million fine and issue nearly $60 million in customer refunds. The settlement with the federal government involves allegations that AmEx misrepresented the value of add-on services, such as identity theft protection.
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Does Congress Have Enough Political Will To Reduce The Debt?

by Ailsa Chang

When the bipartisan budget deal was announced in December, supporters heralded cuts that would balance spending increases — among them, a slight reduction to the pensions of working-age military retirees. But a bipartisan consensus emerged to undo it — calling into the question whether Congress has the political will necessary to make any cuts that reduce the long-term debt.
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GOP Still Looking At Pieces Of Debt Limit 'Puzzle'

by David Welna

Friday is the statutory deadline for the Treasury's borrowing authority, but Congress has no agreement on how to raise the limit. House Republicans appear unwilling to force another showdown over the debt ceiling, but they have not yet found a way to save face, and there are few legislative days left before Treasury exhausts its means to pay the bills.
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Even As Dairy Industry Booms, There Are Fewer And Fewer Farms

by Abbie Fentress Swanson

In the past decade, half of the dairy farms in the U.S. have gone out of business, but thanks to technological advances and selective breeding, the dairy industry is more efficient than ever. It produces 20 percent more milk than it did ten years ago. Harvest Public Media's Abbie Fentress Swanson reports that economists are even predicting that U.S. farmers will export an unprecedented amount of dairy products this year. Still, this ramped-up production has made it difficult for smaller operations to compete.
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