Conditions needed on Comcast-NBCU deal: Rep. Waxman

WASHINGTON (Reuters) – Cable subscribers face higher costs, degraded service and fewer choices if U.S. regulators do not impose conditions on Comcast Corp’s bid to take control of NBC Universal, a key Democrat said on Tuesday in a letter to the top telecom regulator. Read more

Upton backed for House energy panel chair

WASHINGTON (Reuters) – Representative Fred Upton was chosen by a Republican organizing panel on Tuesday to become the next chairman of the House of Representatives’ Energy and Commerce Committee, considered one of the most power panels in the U.S. Congress. Read more

Bachus picked to chair financial panel: source

WASHINGTON (Reuters) – Representative Spencer Bachus of Alabama was picked on Tuesday to chair the House Financial Services Committee next year when Republicans take control of the chamber from President Barack Obama’s Democrats, a senior congressional aide said. Read more

Rogers picked for House Appropriations panel

WASHINGTON (Reuters) – A Republican panel on Tuesday selected veteran Hal Rogers to chair the U.S. House of Representatives Appropriations Committee next year and take a lead role in efforts to dramatically slash the federal budget, the lawmaker said on Tuesday. Read more

Democrats question Obama’s tax deal

WASHINGTON (Reuters) – President Barack Obama’s plan to extend tax cuts for all Americans ran into trouble on Tuesday when his fellow Democrats questioned it and investors dumped U.S. Treasury bonds on fear that low taxes will dig a deeper hole in the budget deficit. Read more

U.S. drops push for Israel settlement freeze

JERUSALEM (Reuters) – The United States on Tuesday abandoned its effort to persuade Israel to freeze construction of Jewish settlements, officials said, dealing a blow to efforts to revive Israeli-Palestinian peace talks. Read more

Testy Obama fires back at Democrats over tax deal

WASHINGTON (Reuters) – A testy President Barack Obama on Tuesday expressed frustration at his own Democrats for attacking him over his tax-cut deal with Republicans, who he called uncompromising “hostage takers.” Read more

U.S. mulls reviving indirect Middle East peace talks

WASHINGTON (Reuters) – The United States is weighing a return to indirect Israeli-Palestinian peace talks following its failure to revive direct negotiations because of disagreements over Israeli settlement construction, two U.S. officials who spoke on condition of anonymity said on Tuesday. Read more

Lawmaker eyes early 2011 votes on trade pacts

WASHINGTON (Reuters) – Republicans in the House of Representatives want to work with President Barack Obama to pass long-delayed free-trade agreements with South Korea, Colombia and Panama in the first six months of 2011, a U.S. lawmaker said on Tuesday. Read more