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Rubio-Lee tax plan rewards investors, parents, businesses

With an eye toward a possible run for the White House, Republican Sen. Marco Rubio signed onto an extensive plan Wednesday to cut taxes for investors, parents and businesses in an effort to spur economic growth and create jobs.

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How Obama action could affect retirement advice from brokers

After years of a Washington dispute over investment advice, the Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts. The change would put brokers under the stricter requirements for registered financial advisers.

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Yellen says Fed still ‘patient’ on raising rates

Federal Reserve Chair Janet Yellen said Tuesday that the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.

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Obama calls for tighter rules on retirement account brokers

The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.

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U.S. to fine air bag maker Takata $14,000 per day

The U.S. government will fine Japanese air bag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.

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Fed officials in no hurry to raise rates

Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors.

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