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IRS agent admits cheating on taxes

IRS agent admits cheating on taxes

A California-based Internal Revenue Service agent could spend up to nine years in prison after acknowledging that he cheated on his own taxes. Federal prosecutors say 51-year-old Albert Bront pleaded…

Suicide bomber kills 17 in Afghanitan

Suicide bomber kills 17 in Afghanitan

The spokesman for the governor of the southern Kandahar province says a suicide bomber has killed 17 people in southern Afghanistan, near the Pakistan border. Zalmay Ayubi says the attack…

Timing of firing of Navy captain over video raises questions

Timing of firing of Navy captain over video raises questions

The Navy brusquely fired the captain of the USS Enterprise on Tuesday, more than three years after he made lewd videos to boost morale for his crew, timing that put…

Reading the Constitution: Education or futility?

Reading the Constitution: Education or futility?

Republicans and Democrats took turns politely in a historic recitation of the Constitution from the House floor Thursday, but the decorum hardly meant they were in agreement. In a nod…

Feds warn states: Don’t come to us, the well is dry

Feds warn states: Don’t come to us, the well is dry

Cut spending, raise taxes and fees, and accept billions of dollars from Congress. That’s been the formula for states trying to survive the worst economy since the 1930s. As Republicans…

Cantor: Americans hate health bill

Cantor: Americans hate health bill

House Majority Leader Eric Cantor says the new health care law is getting in the way of job-creation and vows Republicans are committed to repealing it. Cantor tells CBS‘s “The…

Volcker ending term on Obama’s economic planel

Volcker ending term on Obama’s economic planel

Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama‘s economic advisory panel next month, a person familiar with the situation said Wednesday. Volcker…

Gibbs out as White House spokesman

Gibbs out as White House spokesman

Robert Gibbs, the feisty press secretary whose job as President Barack Obama‘s chief spokesman and confidant has given him an outsized presence at the White House, announced Wednesday he was…

Economists say shopping surge will continue

Economists say shopping surge will continue

Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50…

Republicans already breaking their promises

Republicans already breaking their promises

Republicans have already violated some of the vows they made in taking stewardship of the House. Their pledge to cut $100 billion from the budget in one year won’t be…