Major U.S. stock indexes shifted lower in midday trading Tuesday after spending much of the morning wavering between small gains and losses. Investors were weighing the latest batch of company earnings news and looking ahead to the beginning on Wednesday of two days of testimony before Congress by Federal Reserve Chair Janet Yellen. European markets fell following steep losses in Japan.
Pennsylvania government set a modern state record for budget gridlock on Tuesday as Gov. Tom Wolf sent lawmakers a spending proposal for the coming fiscal year with no full plan in place for the current fiscal year that began back in July.
By Mark Hosenball WASHINGTON (Reuters) - Attacks by "homegrown" terrorists are among the most imminent security threats facing the United States in 2016, along with dangers posed overseas by Islamic State and cyber security concerns, the top U.S. intelligence official said on Tuesday. In his annual assessment of threats to the United States, Director of National Intelligence James Clapper warned that fast-moving cyber and technological advances "could lead to widespread vulnerabilities in civilian infrastructures and U.S. government systems." Terrorism remains a top concern in President Barack Obama's last year in office, Clapper said in prepared testimony before the Senate Armed Services and Intelligence Committees.