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Key senators reach agreement on spending levels for next year, setting up clash with House

WASHINGTON (AP) — The Senate will pursue a spending increase next year of about 3.4% for defense and 2.7% increase for non-defense programs under an agreement reached by top Democratic and Republican lawmakers on the Senate Appropriations Committee, setting up a certain clash with the House, which is pursuing less spending in both categories. Under an agreement reached last year by President Joe Biden and then-Speaker Kevin McCarthy, spending was set to increase 1% for defense and non-defense programs in fiscal year 2025, bringing the tallies to about $780.4 billion for non-defense ...

Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion

NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake. The new entity will be called Saks Global, ...