Obama targets hedge funds in personal remarks on poverty, race
Reuters US Domestic News Summary
Following is a summary of current US domestic news briefs.
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President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. "The top 25 hedge fund managers made more than all the kindergarten teachers in the country," Obama said at a panel discussion on poverty at Georgetown University. He advocated for a higher tax rate on the fees that hedge fund managers collect.
Accused 'flash crash' trader seeks release from custody
The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street will go to London's High Court next week to seek his release from custody, his lawyer said on Wednesday. Navinder Singh Sarao, 36, has been charged by the U.S. Justice Department with wire fraud, commodities fraud and market manipulation.
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Wisconsin officer will not face charges in killing of biracial teen
A Wisconsin police officer who fatally shot an unarmed biracial teenager in March, prompting several days of peaceful protests, will not be charged, a prosecutor said on Tuesday. Officer Matt Kenny used justified lethal force in the March 6 shooting of Tony Robinson, 19, who struck the 12-year police veteran in the head, Dane County District Attorney Ismael Ozanne said.
Jeb Bush backs off support of Iraq invasion
Republican Jeb Bush said on Tuesday that "mistakes were made" in the Iraq war, moving to disavow a controversial statement he made in support of the 2003 invasion ordered by his brother, then-President George W. Bush. The former Florida governor, who is likely to run for the Republican presidential nomination in 2016, had told Fox News in an interview broadcast on Sunday that "I would have" authorized the invasion.
Florida police recover guns in Zimmerman shooting incident
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Police investigating a Florida roadway shooting involving George Zimmerman, the man acquitted of murder in the 2012 death of unarmed black 17-year-old Trayvon Martin, said on Tuesday they recovered three handguns but have not filed any charges. The incident on Monday in the Orlando suburb of Lake Mary left Zimmerman with minor injuries from flying glass after being shot at in his car by Matthew Apperson, authorities said.
Arizona prosecutors charge woman who faked cancer
An Arizona woman was charged with fraud and identity theft after faking cancer to get the state to pay for her late-term abortion five years ago, prosecutors said on Tuesday. Chalice Renee Zeitner, 29, also faces one count each of felony theft and forgery stemming from the scheme in Phoenix between March and 2010, according to a statement from the state Attorney General's Office.
Jury to take up Boston bomber's fate after lawyers' final statements
Federal prosecutors and lawyers for the Boston Marathon bomber are set to make their final arguments on Wednesday on whether Dzhokhar Tsarnaev should be sentenced to death or to life in prison without possibility of release for the 2013 attack. Following closing statements, the same jury that last month found the 21-year-old ethnic Chechen guilty of killing three people and injuring 264 in one of the highest-profile attacks on U.S. soil since Sept. 11, 2001 will begin deliberations on Tsarnaev's fate.
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Six dead, scores injured in Philadelphia train derailment
Rescue workers searched through the debris on Wednesday for more victims of an Amtrak passenger train wreck in Philadelphia that killed six people and injured scores others as investigators sought to determine the cause of the derailment. Authorities said they did not know what caused the New York City-bound train carrying 243 people to derail at about 9:30 p.m. EDT Tuesday (0130 GMT Wednesday). The accident left rail cars mangled, ripped open and strewn upside down in the city's Port Richmond neighborhood along the Delaware River.
Five found shot dead in Arizona home
Five men and women were found shot dead in an Arizona home on Tuesday, the Arizona Daily Star newspaper reported. Police initially posted a message online describing the deaths in south Tucson as an apparent murder-suicide, then later said it was too early to tell.
Enbridge to pay $75 million to settle 2010 oil spill: Michigan officials
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Enbridge Energy and its affiliates will pay $75 million to settle a 2010 oil spill into Michigan's Talmadge Creek and Kalamazoo River that dumped 800,000 gallons of oil, state officials said on Wednesday. "The agreement will finalize cleanup and restoration requirements for areas affected by the spill," that stemmed from an Enbridge owned and operated pipeline, Michigan Attorney General Bill Schuette and Michigan Department of Environmental Quality Director Dan Wyant said in a statement.
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