Lawyers

• Trump's regulatory, tax reform programs could boost productivity, says Fed’s Kaplan

  Federal Bank Reserve President Robert Kaplan gives his input on Trump's plan for U.S economy Federal Reserve Bank President Robert Kaplan said on Thursday that several of President-elect Donald Trump's plans will likely boost productivity and growth.

• Income Inequality: President Obama Calls On Lawmakers To Consider Steps To Reduce Gap Between Rich & Poor (Video)

  President Barack Obama urged lawmakers to consider steps to alleviate income inequality, calling the income gap between America's rich and poor as a "defining challenge of our time," in a speech at the Twon Hall Education Arts and Recreation Campus, a nonprofit community center in Washington D.C. The event was hosted by the Center for American Progress.

• Food Stamps: 47 Million Americans Affected By Cuts To Supplemental Nutrition and Assistance Program (Video)

  Food stamp benefits will be cut to more than 47 million Americans beginning Friday as the temporary boost to the Supplemental Nutrition and Assistance Program (known as SNAP) expired without a new budget from Congress to replace it.

• U.S. Economy: September Jobs Report Indicates Employers Added 148,000 Positions In The Month (Video)

  The U.S. economy added 148,000 jobs in September as the unemployment rate dropped to 7.2 percent. A new jobs report for September released on Tuesday "showed the economic recovery continues to be sluggish and many economists warn that the constant fiscal fights in Washington only threaten to make the situation worse," Politico reported.

• Carnegie Hall: Strike Forces Revered Music Venue To Cancel Opening Night For First Time In Its 122-Year History (Video)

  Carnegie Hall canceled its opening night for the first time in its 122-year-history on Wednesday, as stagehands walked off the job when contract negotiations failed to meet a deadline a day earlier

• Paramount Layoff: Film Studio To Cut 5 Percent Of Its Workforce In Its Financial & Marketing Departments

  Paramount Pictures has stated that it plans to lay off about 110 positions in the financial and marketing department as part of the film studio's realignment, a memo sent to employees revealed.

• Obama's Speech About Economy: U.S. President Outlines Plan for Fannie Mae & Freddie Mac (Video)

  President Obama hailed New York and the U.S.'s comeback from the housing bust on Tuesday, saying it was time to reduce the federal role and risk in the mortgage market "to make sure this kind of crisis we went through never happens again."

• Detroit Bankrupt: City Files for Chapter 9 (Video)

  The city of Detroit has filed the largest-ever municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors.

• PBS Layoffs: Jobs Cut & Offices Close; 'Sign of the Times,' Veteran Correspondent Says

  The management at 'PBS NewsHour' said Tuesday a decision was made to close offices in Denver and San Francisco and law off employees to cut costs. The layoffs at the public television news program are the fist significant staff reductions in nearly 20 years, The New York Times reported. It was reported that 'NewsHour's' producer MacNeil/Lehrer Productions, based in Arlington Virginia will also eliminate several 'non-critical production positions' at its main office.

• Vegas Cabbies Arrested: While on Strike, 15 Drivers Are Detained at Convention Center (Video)

  Police said fifteen taxi drivers on strike in Las Vegas were arrested Tuesday while protesting outside the large National Association of Broadcasters Convention.

• SAC Capital Arrest: Michael Steinberg Indicted on Insider Trading Charges (Video)

  The U.S. government's wide-ranging insider trading probe of SAC Capital Advisors put increased pressure on founder Steve Cohen Friday, arresting principal manager Michael Steinberg. A high-ranking portfolio manager who handled technology, media and telecommunications stocks at the firm, Steinberg was indicted by a federal grand jury on four counts of securities fraud and one count of conspiracy to commit securities fraud, the authorities said. He is 41 years old.

• Marijuana Tax: Legal Cannabis Could 'Pump Millions of Dollars' into Struggling Economy (Video)

  U.S. lawmakers have said that a tax on legal marijuana could put significant dollars into budgets still hurting from the recession.