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EUROPEAN MIDDAY BRIEFING - Stocks Gain After -3-

WASHINGTON-The U.S. national debt exceeded $30 trillion for the first time, reflecting increased federal borrowing during the coronavirus pandemic.

Total public debt outstanding was $30.01 trillion as of Jan. 31, according to Treasury Department data released Tuesday. That was a nearly $7 trillion increase from late January 2020, just before the pandemic hit the U.S. economy.

   
 
 

Snowstorm Disrupts Travel Across Central, Northeastern U.S.

More than 15 states from New Mexico to Vermont were under winter-weather warnings as a dangerous snowstorm barreled across central and northeastern parts of the U.S., causing flight cancellations and school closures.

Heavy snow is expected from the Rocky Mountains to New England and significant ice buildups are likely on the storm's southern edge from Texas to central Pennsylvania, the National Weather Service said.

   
 
 

Trump Fires Back in New York Subpoena Fight

Lawyers for former President Donald Trump and two of his adult children argued Tuesday that the New York state attorney general's office had targeted them unfairly in its civil-fraud investigation and subpoenaed information that could be improperly used in a separate criminal probe.

The arguments came in a dispute over subpoenas New York Attorney General Letitia James issued to Mr. Trump, Ivanka Trump and Donald Trump Jr. seeking their testimony and the former president's personal and business documents for the civil-fraud probe into Mr. Trump and his company. Lawyers for the Trumps have asked a New York state judge to block the subpoenas or put them on hold until a parallel criminal investigation conducted by the Manhattan district attorney's office has concluded.

   
 
 

Comcast, Goldman Sachs Resume PAC Giving to Republican Election Objectors

WASHINGTON-Political action committees for Comcast Corp. and Goldman Sachs Group Inc. have resumed giving money to one or more of the 147 Republican lawmakers who voted to object to the certification of President Biden's election after the Jan. 6 Capitol riot by supporters of former GOP President Donald Trump, new filings show.

The two companies were among dozens that announced in the days after the riot that they would pause or review their political donations, decisions that in some cases drew pushback from lawmakers.

   
 
 

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This article is a text version of a Wall Street Journal newsletter published earlier today.

 

(END) Dow Jones Newswires

February 02, 2022 06:51 ET (11:51 GMT)

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