IN BRIEF
YORK — A central Pennsylvania plant that manufactures Harley-Davidson motorcycles got a visit from the great-grandson of one of the company's co-founders.
To kick off the company's 110th anniversary, 52-year-old Bill Davidson revved up the latest ride Monday: a 2014 Street Glide Special.
The president of the Harley-Davidson Museum in Milwaukee rode the new motorcycle right off the assembly line of the plant.
Davidson says he will drive it more than 700 miles to the museum, stopping at several Harley dealers on the way.
The York County factory has been in operation for 40 of Harley-Davidson's 110 years in existence.
WASHINGTON — Orders for long-lasting U.S. factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment.Orders for durable goods plunged 7.3 percent in July, the Commerce Department said. It's the steepest drop in nearly a year. Excluding the volatile transportation category, orders fell just 0.6 percent. Both declines followed three straight months of increases.Core capital goods fell 3.3 percent. These are considered a good measure of businesses' confidence in the economy and include machinery, computers and heavy trucks, while excluding volatile aircraft and defense. The drop followed four straight months of gains. The drop suggests the third quarter is off to a weaker start than some had hoped.
WASHINGTON — Treasury Secretary Jacob Lew is telling Congress that the U.S. government will hit its borrowing limit in mid-October and urged lawmakers to reach a budget deal before then.Lew said in a letter to Speaker John Boehner that the government is running out of accounting maneuvers it has used to avoid hitting the $16.7 trillion borrowing limit. He pressed Congress to raise the borrowing limit before then so Treasury can keep paying the bills.Earlier this year, Congress temporarily suspended the limit so lawmakers could focus on other budget debates. Treasury has kept the government operating for several months through its bookkeeping maneuvers. A smaller deficit has also helped.
ALBANY, N.Y. — Donald Trump on Monday defended his Trump University as a booming success for student entrepreneurs and blasted New York's attorney general, who called it a scam. Attorney General Eric Schneiderman shot back that Trump is making wild accusations, just like others who commit fraud and get caught.Trump has held several TV interviews to further contest the lawsuit filed Saturday by Schneiderman, which alleges the real estate mogul helped run a phony university that promised to make students rich but instead steered them into expensive and mostly useless seminars.
