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House panel to take up 2002 war authorization repeal in 'coming weeks'


House panel to take up 2002 war authorization repeal in coming weeks
Rebecca Kheel
© Greg Nash
House panel to take up 2002 war authorization repeal in coming weeks
The House Foreign Affairs Committee will consider in the coming weeks a bill to repeal the 2002 war authorization, the committee s chairman said Friday.
Given that the 2002 AUMF is not needed for any ongoing military operations, there is no reason at all to leave it in place, committee Chairman Gregory Meeks (D-N.Y.) said, referring to the authorization for the use of military force (AUMF). I intend to mark up legislation in the Foreign Affairs Committee in the coming weeks to repeal it. ....

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Investors Stage Manic Monday Rally as Stimulus Deal Ditches Proposed Wage Hike


Traders work on the floor Monday. (Courtney Crow/New York Stock Exchange via AP)
MANHATTAN (CN)  Wall Street likes stimulus. It also dislikes minimum wages hikes. That seems to be the message as markets exploded Monday, following news that Democrats have bailed on a proposal in the next stimulus package to up the minimum wage to $15 per hour.
Right out of the gate, the three U.S. indices jumped. The Dow Jones Industrial Average increased about 300 points in early morning trading, at one point up roughly 700 points. The Dow finished the day at 31,534 points, a 1.95% daily increase. 
The S&P 500 and Nasdaq, both of which had a rocky time last week, also participated in the bull rush, gaining 2.3% and 3%, respectively.  ....

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