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Here are today’s top business headlines from across the nation and world:
WASHINGTON (AP) — Critics of GOP health care legislation got fresh ammunition from a report that estimates the bill would increase the ranks of the uninsured by 14 million people next year alone, and 24 million over a decade. The findings from the nonpartisan Congressional Budget Office could make prospects for the legislation backed by President Donald Trump even tougher, with a few House and Senate conservatives already in open revolt and moderate Republicans queasy about big cuts to the Medicaid safety net for the poor. But with the legislation headed for votes in the House Budget Committee within days and floor action next week, its supporters at the White House and on Capitol Hill showed no sign of retreat. Read more
WASHINGTON (AP) — For years after the Great Recession ended, investors fretted – sometimes panicked – over the prospect that the Federal Reserve might begin to raise interest rates from record lows. Now? The Fed seems all but sure to raise rates Wednesday for the third time in 15 months and to signal more hikes probably coming. And the response from investors has been something akin to a yawn. Fed watchers, it seems, are more buoyed by expectations for a vigorous economy than worried about whether slightly higher rates might slow growth. Read more
FRANKFORT, Ky. (AP) — Donald Trump promised to bring back coal jobs, but even the country’s third-largest coal producer appears to be hedging its bets on a comeback. Kentucky is on the cusp of doing what was once unthinkable: opening the door to nuclear power. The Republican-controlled state legislature is close to lifting its decades-long moratorium on nuclear energy in a state that has been culturally and economically dominated by coal. Politicians from both parties have promised for years to revive the struggling coal industry, with Trump famously billing himself as “the last shot for miners.” But as the coal industry continues its slide, even Republican lawmakers are acknowledging a need for alternatives. Read more
LONDON (AP) — Britain’s Parliament has told Prime Minister Theresa May she can file for divorce from the European Union. She will send the formal letter by the end of March. Then comes the hard part – the arguments, the lawyers, the squabbles over money. Here’s a look at the main issues and what happens next. Read more
U.S. airlines have already canceled more than 6,000 flights Monday and Tuesday as a late-winter storm is expected to dump enough snow to disrupt travel in the Northeast. Southwest Airlines, which carries more domestic passengers than any other airline, doesn’t expect to operate any flights Tuesday at 14 airports stretching from Washington to Portland, Maine. Read more
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