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Business and Economic News

Watch: Trump celebrates legislative win after Congress passes $1.5 trillion tax cut bill

Watch: Trump celebrates legislative win after Congress passes $1.5 trillion tax cut bill

The House gave final approval to the Republican bill to cut taxes, after a procedural hiccup in the Senate on Tuesday forced a repeat vote. It marks the GOP's first major legislative victory of 2017.
by Danielle Kurtzleben and Arnie Seipel

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General Mills meets 2Q profit forecasts

General Mills meets 2Q profit forecasts

General Mills Inc. on Wednesday reported fiscal second-quarter profit of $430.5 million.
by The Associated Press

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The McNally Smith shutdown: 6 questions and answers on the school's finances

The McNally Smith shutdown: 6 questions and answers on the school's finances

The expected shutdown of the McNally Smith College of Music caught students, faculty, staff and many others by surprise, and has left them wondering about payrolls that haven't been met, advance tuition payments that have been made and other financial matters.
by Martin Moylan

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Protests and arrests on the rise as Republicans near new tax law

Opponents of the GOP's new tax plan are ramping up protests as they urge lawmakers to abandon the bill, and many are getting arrested in the process.
by Vanessa Romo

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GOP on the verge of huge tax overhaul -- with one hiccup

GOP on the verge of huge tax overhaul -- with one hiccup

In a last-minute glitch, Democrats said three provisions in the bill, including one that would allow parents to use college savings accounts for home-schooling expenses for young children, violate Senate budget rules.
by The Associated Press

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Workers go on one-day strike outside Mayo Clinic facility in Albert Lea

Mayo hired replacement workers for the strikers under a one-week contract. So most union members will not be able to return to work until Dec. 26. The union calls that a lockout.
by Mark Steil

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Tax changes will leave Minnesota lawmakers with a big job

Tax changes will leave Minnesota lawmakers with a big job

With final congressional action underway on a massive overhaul of the federal tax code, Minnesota lawmakers are beginning to look at ways to make similar changes here.
by Tim Pugmire

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Union begins 1-day strike at Mayo Clinic Albert Lea branch

Maintenance and general workers at Mayo Clinic Health System in Albert Lea are walking the picket line in what they're calling an effort to revive stalled contract talks.
by The Associated Press

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