Reid: Time to reform the tax code

Reid: Time to reform the tax code

The U.S. tax code is “ripe” for reform and fixing it will be a top priority for Democrats this year, Senate Majority Leader Harry Reid said on Thursday. Both parties agree the voluminous tax code needs a rewrite and the Democratic-led Senate and Republican-led House of Representatives will begin hearings soon on an overhaul. “I […]

Bernanke says economy may be hitting stride

Bernanke says economy may be hitting stride

The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation’s jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday. Offering no real clues on the future direction of monetary policy, Bernanke sounded cautiously more upbeat than he had in his most […]

Giffords a leading voce in immigration debate

Giffords a leading voce in immigration debate

Representative Gabrielle Giffords of Arizona, who was shot point blank in the head while meeting with constituents on Saturday, was expected to be a leading voice on immigration in the new Congress. Sworn in to a third term in Congress just this week, Giffords, 40, was one of the few Democrats in swing districts to […]

Reactions to shootings

Reactions to shootings

Representative Gabrielle Giffords was shot and gravely wounded on Saturday by a man who opened fire at a meeting she was holding in Arizona. President Barack Obama, her colleagues and associates were stunned by the attack, which killed at least five people and left several others wounded. Following is reaction to the shooting spree: PRESIDENT […]

Ex-CIA officer gave secrets to reporter

Ex-CIA officer gave secrets to reporter

A former CIA officer was arrested on Thursday on charges of illegally disclosing national defense information about Iran to a New York Times reporter who wrote a book. The U.S. Justice Department said Jeffrey Sterling, 43, was charged with six counts of unauthorized disclosure of national defense information and one count of unlawfully keeping national […]

Another 1,400 troops headed for Afghanistan

Another 1,400 troops headed for Afghanistan

The United States plans to send 1,400 additional Marines to Afghanistan to boost its combat forces ahead of the spring fighting season, the Wall Street Journal reported on Thursday. The United States, which led a 2001 invasion of Afghanistan that toppled the Taliban, has about 100,000 troops in the country, and President Barack Obama is […]

Obama to name new economic team Friday

WASHINGTON (Reuters) – President Barack Obama will announce on Friday whom he has picked to replace Larry Summers as his top economic adviser, with Gene Sperling seen as the front runner to take this influential White House role. Read the full story from Reuters

Cuomo says New York in crisis, rules out tax hikes

ALBANY, New York (Reuters) – Democratic Governor Andrew Cuomo declared the state of New York in crisis on Wednesday, proposing solutions long championed by Republicans to control a soaring budget deficit, overhaul Medicaid and reform a dysfunctional government. Read the full story from Reuters

Republicans take over House, soften cuts

WASHINGTON (Reuters) – Republicans took power in the House of Representatives on Wednesday with promises of a leaner, more accountable government but softened a pledge of deep and immediate spending cuts that helped them win November’s election. Read the full story from Reuters