The Latest: Clinton to release 2015 tax returns soon

WASHINGTON (AP) — The Latest on the U.S. presidential race (All times EDT):

9:50 a.m.

Hillary Clinton will soon release her 2015 tax returns.

A source close to the Democratic presidential nominee says she will release them in “the coming days.” Her running mate, Sen. Tim Kaine and his wife, Anne Houlton, will also release the last 10 years of their returns. The source spoke on condition of anonymity Thursday to discuss the plans in advance.

Clinton has hit Republican nominee Donald Trump for not releasing his returns. Trump has said he won’t release them until after an IRS audit is complete.

The Clinton campaign has put out eight years of Clinton’s returns, from 2007 to 2014. Combined with releases during her previous campaigns and her husband’s time in office, the Clintons have made their tax returns public since 1977.

—By Catherine Lucey in Detroit


9:05 a.m.

Republican Donald Trump says the U.S. government should take on more debt to strengthen the military and rebuild infrastructure.

Trump’s comments Thursday in a CNBC interview go against the traditional Republican aversion to government borrowing.

Trump said, “I like to reduce debt too, as much as anybody.” But he added that the military has been depleted and America’s infrastructure is in horrible condition.

He said interest rates are low now and will eventually go up, making it too expensive to borrow.

Trump said: “You’d be paying so little interest right now. This is the time to borrow.”


8:50 a.m.

Donald Trump is defending his decision to label President Barack Obama the “founder” of the Islamic State group.

Asked in an interview with CNBC Thursday whether it was appropriate for him to call the sitting president of the United States the founder of a terrorist organization that wants to kill Americans, Trump doubled down on his accusation.

“He was the founder of ISIS, absolutely,” says Trump, blaming the president for his decision to withdraw troops, which some argue created a power vacuum in which extremist groups like IS thrive.

Trump says the U.S. “should have never gotten in” the war, but also shouldn’t “have got out the way he got out.”

Trump now claims that he was opposed to the Iraq War from the beginning, despite evidence to the contrary.


7 a.m.

Hillary Clinton is set to go after Donald Trump’s economic agenda — aiming to portray her rival’s approach as offering handouts for the rich.

That’s her goal in a speech scheduled for Thursday afternoon at a manufacturing company in Warren, Michigan.

Her campaign says she’ll try to make the case that the Republican presidential nominee’s plans would benefit him and his wealthy friends — and amount to an update of “trickle-down economics.”

Also look for Clinton to argue that Trump’s drive to cut taxes on certain business income would in fact benefit many of his companies.

The Democratic nominee isn’t expected to use her speech to come out with any major new policies.