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The Charlotte Hornets say the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized CHARLOTTE, N.C. -- A new era has begun for the Charlotte Hornets, raising hope that one day the struggling franchise might turn things around. Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday, bringing new thoughts and ideas on how to rebuild a franchise that hasn't been to the playoffs in the last seven seasons. Plotkin said he and Schnall plan to be “patient” NBA owners, but they are driven to build a winner in Charlotte. “We think ultimately this is a top-10 or top-15 franchise in the NBA in terms of attractiveness,” Plotkin said. “It's our job to produce winning basketball. Winning takes a lot of structure and it doesn't happen overnight. We'll try to position the business for success over the long term and try...

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS WASHINGTON -- WASHINGTON (AP) — House Republicans began their tenure in the majority Monday by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS, fulfilling a campaign promise even though the legislation is unlikely to advance further. Democrats had beefed up the IRS over the next decade to help offset the cost of top health and environmental priorities they passed last year and to replenish an agency struggling to provide basic services to taxpayers and ensure fairness in tax compliance. The money is on top of what Congress provides the IRS annually through the appropriations process and immediately became a magnet for GOP campaign ads in the fall claiming that the boost would lead to an army of IRS agents harassing hard-working Americans. The bill to rescind the money passed the House on a party-line...