Ceo Timothy Sloan appeared before the Senate Banking committee yesterday. He testified on the banks business practices. Last year the bank was found to set up several unauthorized accounts without customers knowledge. Mr. Sloan was asked about changes that were made in light of that disclosure and how the company was complying with federal regulations. This is about two hours. This hearing will come to order. Before we begin today, let me acknowledge that our nation is still mourning and remembering the lives lost in las vegas. Our condolences go out to the families effected by this heinous crime and our thanks go to the courageous First Responders and police and citizens who put their lives on the line to save others. Two members of this committee, both of the senators of nevada, are absent today because they are in nevada. And i know that senator heller and cortezmasto are doing all they can there and we will remain united in prayer and support with them during this difficult time. T
Plans saying it does not go far enough to address the deficit. Lincoln and temple are among five universities caught in the cross hairs. Now a total of 600 million for those institutions are on hold. We collaborate our Veterinary Health care with the Human Health Care and really kind of intertwine our treatments and diagnostics. The university of pennsylvanias vet school says services at its two animal hospitals, Research Programs and overall assistance to. Students would be in jeopardy. Were the only, we draw people from hours away. Temple is only saying it is studying the implication. I think they should put themselves in our shoes. Schools are hoping for the best but beginning to prepare for the worst. Aundrea clinethomas, nbc 10 news. Now this developing story. A congressman from the pittsburgh area is resigning amidreports that he asked his mistress to get an abortion. Tim murphy will step down on october 21st. The announcement comes after a newspaper published Text Messages indic
Story. Also tonight, could be finally see a consensus on gun control . Tonight both sides of this divisive issue seem to agree on one thing. This device used by a las vegas gunman needs more scrutiny. Theyre called bump stocks and allow a weapon to fire rapidly like an automatic weapon. Were shown how these items have been flying off the shelves. Its resetting so quickly that it seems like automatic, but its not. Reporter luke kelly describes to us how this semiautomatic gun could be adjusted to fire at a faster speed. Its almost like a one piece type of thing. That you take off. Theres a bolt that holds the grip in here. Reporter its the kind of gun that can be legally altered using bump stocks. Were told some websites are crashing from high demand after the las vegas massacre. Others saying theyre stopping new orders from now. Kellys store already taking new calls from interested customers, telling nbc news nothing is available. Youre a responsible gun owner, you do it in a controlle
Right now, details are limited, but here are the basics. The plan increases the standard deduction and keeps mortgage, interest, and charitable deductions, but it gets rid of many others. The top tax rate drops to 35 , the Corporate Tax rate is slashed, and the plan eliminates the estate tax. With me now is jamie hopkins, he is an associate professor of taxation at American College of Financial Services in radnor. Thanks for being here, jamie. Jamie hopkins thank you for having me, lauren. Lauren so, the president calls this a middleclass miracle. Is this a good deal for the middle class . Are they going to pay less . Jamie so, the reality is this is a tax cut almost for everyone in the us, so from the highest earners, businesses, all the way down. Now, how much of a tax cut it is for each Different Group in the country, thats where the details are going to matter. But it really is a tax cut almost across the board. Lauren are we able to tell at this point what it means for, say, a fam
Public Service Americas cabletelevision companies and is brought to you today by her cable or satellite provider. The ceo of wells Fargo Timothy sloan testified before the Senate Banking Committee Last week about changes at the bank since it was revealed that wells fargo had opened an authorized account for some customers. Idaho center mike crapo chaired this twohour hearing. This hearing will come to order. Before begin today let me acknowledge that our nation is to morning and remember the lives lost in las vegas. Our condolences go out to the families affected by this in this crime, at our thanks go to the courageous First Responders and police and citizens who put their lives on the line to save others. Two members of this committee bothon of the senators of nevada are absent today because theyre in nevada. And i know senator heller and center court as master are currently doing all they can. We will remain united in prayer and support with them during this difficult time. Today we