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House budget chief wants concessions over debt

WASHINGTON (Reuters) – The incoming Republican budget chief in the U.S. House of Representatives said he will demand spending concessions from the Obama administration in exchange for any rise in…

From heartland to House speaker, Boehner eyes cuts

WASHINGTON (Reuters) – John Boehner, the product of a tough upbringing in America’s heartland, will bring a natural mistrust of big government when he takes over as speaker of the…

Alec Baldwin "very, very interested" in political run

LOS ANGELES (Reuters) – Hollywood liberal Alec Baldwin said on Tuesday he was “very, very interested” in running for political office, but was not planning to give up his day…

Pentagon cuts to reflect Gates, White House tussle

WASHINGTON (Reuters) – Defense Secretary Robert Gates has been successfully pushing back against White House attempts to more severely cut into weapons program funding than what the Pentagon had been…

Funding uncertain for food safety overhaul

WASHINGTON (Reuters) – Republican opponents of new U.S. food safety legislation are promising a fight over its funding and announced their intention even as it became law. Read the full…

New York plans to merge banking, insurance regulators

NEW YORK (Reuters) – New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and Insurance departments, Cuomo…

Congress may force White House to expand drilling: group

WASHINGTON (Reuters) – Congress should pass legislation, if necessary, to force the Obama administration to open more offshore areas to oil and gas exploration, the head of the American Petroleum…

Obama urges Republicans to help him revive economy

ABOARD AIR FORCE ONE (Reuters) – President Barack Obama appealed to Republican congressional leaders on Tuesday to put politics aside and work to revive the U.S. economy. Read the full…

Military not exempt from spending cuts: Republicans

WASHINGTON (Reuters) – U.S. military programs will not necessarily be exempt from sharp spending cuts Republicans in the House of Representatives plan to put forward in coming months, incoming House…

New Florida governor promises to add jobs and cut tax

TALLAHASSEE, Florida (Reuters) – Former hospital executive and political novice Rick Scott was sworn in as Florida governor on Tuesday and he promised to create jobs, reduce government regulation and…