Business & Financial News, U.S & International Breaking News

President Donald Trump and Republican U.S. lawmakers on Tuesday discussed another possible round of deficit-financed tax cuts, highlighting an initiative seen by some tax experts as an election-year effort with little chance of becoming law.

Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration's trade policies were already damaging businesses in their districts.

Former New York State Senate majority leader Dean Skelos was found guilty of soliciting bribes and other federal corruption charges by a jury on Tuesday, nearly a year after an appeals court threw out an earlier conviction.

Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.

Iran has filed a lawsuit against the United States alleging that Washington's decision in May to impose sanctions after pulling out of a nuclear deal violates a 1955 treaty between the two countries, the International Court of Justice said on Tuesday.

A British caver who helped rescue 12 boys from a Thai cave said on Tuesday that he has been approached by British and American lawyers and will seek legal advice after Tesla CEO Elon Musk directed abuse at him on Twitter.