Illinois House Democrats push new budget plan to end impasse

Illinois House Democrats push new budget plan to end impasseStaring down the start of a new fiscal year, Illinois House Democrats offered a budget on Tuesday that would spend less than the Republican governor's plan, but kept their specific revenue-raising proposal under wraps. An impasse between Governor Bruce Rauner and Democrats who control the legislature has left Illinois without complete budgets for an unprecedented two-straight fiscal years. The nearly $36.5 billion general funds budget was the first spending blueprint offered by House Speaker Michael Madigan for the fiscal year that begins Saturday.



Madoff settlements reach $12 billion with new accords

Madoff settlements reach $12 billion with new accordsThe trustee recouping money for Bernard Madoff's victims on Tuesday announced nearly $371 million of new settlements with two groups of offshore funds that invested with the imprisoned Ponzi schemer, boosting the total recovery to about $12 billion. Irving Picard, the trustee, said Lagoon Investment Ltd agreed to repay $240.7 million from an account through which Hermes International Fund Ltd invested with Madoff, while Thema Fund Ltd and an affiliate agreed to repay $130.1 million. Picard announced the settlements with British Virgin Islands-based Lagoon and Bermuda-based Thema one day after revealing more than $23 million of settlements with the estates of Madoff's late sons Andrew and Mark, and entities affiliated with the Madoff family.



Linde's Lincare settles U.S. whistleblower case for $20 million

Linde's Lincare settles U.S. whistleblower case for $20 millionThe accord, confirmed by the U.S. Attorney's Office in Massachusetts, will resolve a lawsuit filed under the False Claims Act by former employees of the respiratory therapy services provider on behalf of the U.S. government. "The matter was resolved to the satisfaction of all involved parties, with no admission of liability by any party," Lincare said in a statement.



Lockdown lifted at Alabama base after false reports of shooter

Lockdown lifted at Alabama base after false reports of shooterNo threat was found and an investigation is under way to determine who made the calls from within a building where the shooter was reported to have been, Colonel Thomas Holliday, commander of the Redstone Arsenal, said at a press conference. "We have no evidence of shots actually (being) fired," Holliday said. Neither of those were credible, Holliday said.



Chicago officers charged in alleged cover-up of black teen shooting

Chicago officers charged in alleged cover-up of black teen shootingThree current and former Chicago police officers were indicted on Tuesday on felony charges for conspiring to cover up the shooting death of a black teenager by a white officer, prosecutors said. The indictments stem from a 2014 incident in which Laquan McDonald, 17, was shot to death. A video of the shooting, released in 2015, sparked days of protests and thrust Chicago into a national debate over the use of excessive force by police against minorities.





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