Republican takes Obama’s former Senate seat

WASHINGTON (Reuters) – Republican Mark Kirk was sworn in on Monday to take President Barack Obama’s old U.S. Senate seat from Illinois, cutting Democrats’ majority in the chamber for the final weeks of the year to 58-42. Read more

White House: No deal on taxes expected Tuesday

WASHINGTON (Reuters) – President Barack Obama is not expected to reach a deal with Republican leaders on whether to extend Bush-era tax cuts when he meets them on Tuesday, White House spokesman Robert Gibbs said. Read more

Congress votes to delay pay cut to doctors

WASHINGTON (Reuters) – Legislation to postpone for one month a hefty cut in payments to doctors who participate in the U.S. Medicare health insurance program for the elderly and disabled won final U.S. congressional passage on Monday. Read more

Labor Department proposes target date 401(k) rules

NEW YORK (Reuters) – The U.S. Department of Labor on Monday proposed a rule that will require employers to provide more information to their employees about the role of “target date” mutual funds in retirement plans. Read more

U.S., South Korea trade chiefs to meet on deal

WASHINGTON (Reuters) – Top U.S. and South Korean trade officials will meet on Tuesday and Wednesday in Columbia, Maryland to try again to resolve differences blocking U.S. approval of a free trade agreement, U.S. officials said. Read more

Tax, spending divide hampers deficit cut push

WASHINGTON (Reuters) – Two more proposals to cut the budget deficit emerged on Monday, underscoring a deep divide on taxes and spending that is likely to blunt the impact of a plan due in two days from a presidential panel. Read more

Fed’s James Bullard says funding of consumer bureau a worry

WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Monday funding for a consumer protection office established under regulatory reform laws is not based on a clear sense of how much the bureau needs and is a source of concern. Read more

U.S. Congress returns to work with long to-do list

WASHINGTON (Reuters) – U.S. lawmakers face a lengthy to-do list, topped by a dispute over expiring tax cuts, when they return to work on Monday in a session that offers an early gauge of the chances for bipartisanship when the new Congress convenes in January. Read more

Saudi king urged U.S. to attack Iran: WikiLeaks

WASHINGTON (Reuters) – Saudi King Abdullah has repeatedly urged the United States to attack Iran’s nuclear program and China directed cyberattacks on the United States, according to a vast cache of diplomatic cables released on Sunday in an embarrassing leak that undermines U.S. diplomacy. Read more

It had to happen: Porn in 3-D

It had to happen: Porn in 3-D

French porn producer Marc Dorcel, maker of such hardcore classics as “Citizen Shane” and “Casino — No Limit,” is bringing Europe a new dimension in erotic entertainment with the launch of a 3D video-on-demand service for porn videos. Dorcel claims the service will be Europe’s first on-demand 3D outlet for porn. The initial offering, available […]