Morgan Stanley Coughs Up $150M for California Pension Losses

More than a decade after the bottom fell out the U.S. economy and the housing market tanked, multinational investment company Morgan Stanley has agreed to pay California $150 million to settle claims the company hid the riskiness of mortgage-backed securities sold to the state’s public employee pension funds.

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Poll: Americans Don’t Want Federal Spending Cuts

Most Americans from both major political parties want the government to boost federal spending on education, veterans’ benefits and infrastructure, but that call for more spending comes during a period of historically low trust in the federal government, the Pew Research Center reported Thursday.

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Judge Shares Constitutional Nightmare in Sanctuary City Hearing

Seventh Circuit Judge Ilana Rovner confessed Wednesday that her concern for the separation of powers haunts her dreams during oral arguments in the Trump administration’s second appeal of an injunction blocking its attempt to financially punish so-called sanctuary cities for refusing to enforce federal immigration laws.

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