Texas Senator Ted Cruz and a parade of other possible 2016 Republican presidential candidates anchored the opening day of the National Rifle Association’s annual conference as they praised the lobby group for its efforts to defeat President Barack Obama’s gun legislation.
Federal Reserve Bank of Richmond President Jeffrey Lacker voiced opposition to bond purchases by the Fed, saying the buying probably won’t spur growth beyond 2 percent while making an exit from stimulus more challenging.
A Virginia judge threw out a plan to pay for a $2.1 billion tunnel project in the state’s southeastern region, ruling that lawmakers can’t give the state transportation department free rein in setting tolls.
President Barack Obama is being pressed by opponents of the Keystone XL pipeline to tie any approval to measures that would curb climate change, reflecting mounting pressure on the administration to mitigate the project’s impact if it goes forward.
A Chinese spy suspect pleaded guilty to violating computer-use rules of the National Aeronautics and Space Administration after prosecutors said they didn’t find any secret information on his electronic devices.
Among defense contractors, QinetiQ North America is known for spy-world connections and an eye- popping product line. Its contributions to national security include secret satellites, drones, and software used by U.S. special forces in Afghanistan and the Middle East.
Bill Mahoney, who led global sales and marketing and became an equity partner at Bridgewater Associates LP, the world’s largest hedge fund, before retiring to pursue other interests before his 50th birthday, has died. He was 55.