Possible far-reaching oil deal in focus as is border wall funding
Eyebrow raiser
Russian oil giant Rosneft could be set to claim some U.S. oil by taking an ownership stake in troubled U.S. energy company Citgo Petroleum. That would be a first for the countries’ respective oil sectors. If the deal materializes, it could put pressure on the Trump administration to determine whether the commercial arrangement complies with a U.S. law that scrutinizes mergers for their national security implications.
No You Don’t
A bill to keep taxpayer money from being used to pay for President Trump’s border wall will be introduced today in Congress. The measure, sponsored by Wisconsin Democratic Rep. Gwen Moore, would prohibit the use of federal funds to build any type of physical barrier along the border with Mexico. CBS News’ Rebecca Shabad was first with the story.
Dangerous Deja Vous?
“Shadow banks”: The name sounds sinister, and these lightly regulated lenders deservedly get some of the blame for the 2008 financial crisis. Yet they’re also becoming an increasingly important feature of the global banking landscape, to the dismay of critics who fear they could ignite another firestorm. We look at what’s driving the resurgence in shadow banking.
Worth it?
Urban living has been on the rise, thanks to lower crime rates in many cities and the desire to cut back on commuting. But there are significant trade-offs. Based on two expenses alone that most families pay -- housing and child care -- urban households are shelling out an average of more than $9,000 per year than their suburban counterparts, according to Care.com and Zillow.
Unreal
A new report from the Federal Trade Commission says complaints about impostor scams surpassed identity theft for the first time. The FTC looked at more than three million consumer complaints. American consumers reported losing more than $744 million overall to fraud in 2016, averaging roughly $1,000 per person victimized.
Sublime slime
The homemade slime craze is helping the bottom line of Elmer’s Glue’s parent company, Newell Brands. Responding to soaring sales of liquid glue, Newell has ramped up production. Glue is an integral part of the suddenly wildly popular gooey concoction.
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