Deficit panel plan gains support

WASHINGTON (Reuters) – A far-reaching plan to cut U.S. deficits and slow the growth of long-term debt gained crucial support from two key Republican senators on Thursday but remained short of votes needed to trigger congressional action. Read more

U.S., South Korea trade talks stretch into 3rd day

COLUMBIA, Maryland (Reuters) – Talks between the United States and South Korea on politically difficult beef and auto trade issues that are key to U.S. approval of a bilateral free-trade agreement stretched into a third day on Thursday. Read more

Warren downplays role of rules in consumer agency

WASHINGTON (Reuters) – The goal of the new U.S. consumer protection agency should be to make financial products easier to understand rather than to restrict specific business practices through regulations, President Barack Obama’s top consumer adviser said on Thursday. Read more

Former top U.S. diplomats urge support for START

WASHINGTON (Reuters) – Former secretaries of state for five Republican presidents urged Senate Republicans to back the New START nuclear treaty with Russia, suggesting failure to do so could affect Moscow’s role on Iran, North Korea and Afghanistan. Read more

Top U.S. military officer presses China over North Korea

WASHINGTON (Reuters) – China’s push for new talks with North Korea is no substitute for action after Pyongyang’s deadly attack on a South Korean island, and Beijing should use its influence to calm the situation, the top U.S. military officer said on Wednesday. Read more

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential commission trying to balance the U.S. budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit. Read more

Geithner and lawmakers seek deal on Bush-era tax cuts

WASHINGTON (Reuters) – President Barack Obama’s top economic advisers sought to break a deadlock over taxes with congressional leaders on Wednesday, haggling over how to extend Bush-era rates while the country struggles with sky-high debt. Read more

New Republican governors meet with Boehner

WASHINGTON (Reuters) – Newly elected Republican governors pleaded with the party’s congressional leaders on Wednesday for greater financial flexibility and less federal regulation for states facing big budget shortfalls and stumbling economies. Read more