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  • 2 Dead In Shooting In Olympia

    police-tapeThe Thurston County sheriff's office says a man and a woman have died in an Olympia-area shooting. Lt. Cliff Ziesemer says the woman was pronounced dead at the scene Wednesday afternoon. The man died while being transported to Providence St. Peter… Read More +

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  • Inslee Seeks Support For More Wildfire Money

    carltonfireGov. Jay Inslee and Lands Commissioner Peter Goldmark are asking Washington state's congressional delegation for their support in seeking additional money that could be used for fighting wildfires. The letter sent Wednesday comes a week after a dozen U.S. Senators, including… Read More +

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  • Cleveland Over Mariners 2-0

    mariners logo NewCorey Kluber had three-hitter to outpitch Felix Hernandez for his first career shutout, Yan Gomes had a two-run double and the Cleveland Indians beat the Seattle Mariners 2-0 on Wednesday night. The matchup between two of the top pitchers in the American League lived up to its billing. Kluber (11-6) held the Mariners to three singles and no walks while striking out eight.

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JP Morgan, DOJ Reach Tentative $13 Billion Deal

b_250_0_16777215_00_images_obgrabber_2013-10_ec02adf717.jpgROBYN BECK/AFP/Getty Images (WASHINGTON) -- The United States Department of Justice and JP Morgan Chase & Co have reached a tentative deal that would have JP Morgan pay $13 billion. According to a source familiar with the negotiations, the details are not finalized, but the tentative deal was struck Friday night in a conference call between Attorney General Eric Holder, Acting Associate Attorney General Tony West, JP Morgan Chief Executive Officer Jamie Dimon, and JP Morgan General Counsel Stephen Cutler.

As of a week ago, JP Morgan was offering to pay only $11 billion, and for the past two weeks a "sticking point" has been Dimon's demand that any agreement over civil matters include a non-prosecution agreement from the Department of Justice, agreeing not to criminally prosecute anyone at JP Morgan for misrepresenting the quality of mortgages to investors.

In a call a week ago, Holder told Dimon that was "a non-starter."

In the call Friday night, Dimon indicated that he would give up that demand.

As part of the tentative deal, JP Morgan has to assist the Department of Justice with obtaining information and evidence related to individuals who allegedly misrepresented the quality of mortgages to investors.

This is the largest, single payment by a US company ever.

In the $13 billion deal, $9 billion is in penalties and fines, while the other $4 billion goes towards consumer assistance.

Copyright 2013 ABC News Radio

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