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WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had "a strong economy."

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WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported Wednesday.

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BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts.

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For Canada and the European Union, they are a "situation." For President Donald Trump, a potential stumbling block in ongoing trade disputes. And for South Korea, an issue to be monitored.

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LOUISVILLE, Ky. (AP) — Hundreds of millions of dollars in federal student loan debt owed by tens of thousands of disabled military veterans will be erased under a directive President Donald Trump signed Wednesday.