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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…

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…

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…

Obama’s press spokesman Robert Gibbs to leave

WASHINGTON (Reuters) – White House press secretary Robert Gibbs, one of President Barack Obama’s closest aides, said on Wednesday he will resign and become an outside adviser for Obama’s re-election…

Reconsider health repeal, officials urge Boehner

WASHINGTON (Reuters) – The Obama administration warned House Republicans on Wednesday that any move to repeal the sweeping healthcare overhaul passed last year would erase critical consumer protections and set…

Former corporate lawyer named Chief of Staff

WASHINGTON (Reuters) – First lady Michelle Obama on Wednesday named White House aide and former Chicago corporate lawyer Tina Tchen as her new Chief of Staff, the White House said.…

U.S. foe, Sadr, returns to Iraq after exile

NAJAF, Iraq (Reuters) – Anti-U.S. Shi’ite cleric Moqtada al-Sadr returned to Iraq on Wednesday from years of self-imposed exile in Iran, after his faction struck a deal to join a…

Boehner elected House Speaker, replaces Pelosi

WASHINGTON (Reuters) – Republican John Boehner was elected on Wednesday as speaker of the House of Representatives, replacing Democrat Nancy Pelosi. Read the full story from Reuters…

White House: China must act to rebalance currency

WASHINGTON (Reuters) – President Barack Obama will press China on its currency policy during his upcoming meetings in Washington with Chinese President Hu Jintao, the White House said on Wednesday.…

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…