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Obama says confident on getting tax cut deal

WASHINGTON (Reuters) – President Barack Obama expressed confidence on Wednesday that Democrats and Republicans would be able to break a political deadlock and reach a deal on soon-to-expire Bush-era tax…

Pentagon says cost cuts not aimed at profits

NEW YORK (Reuters) – The Pentagon’s chief arms buyer underscored on Wednesday the Defense Department’s determination to cut costs, but sought to reassure investors the initiative was not aimed at…

House approves short-term spending bill

WASHINGTON (Reuters) – The House of Representatives on Wednesday voted to avert a federal government shutdown by extending temporary funding for another two weeks, giving Democrats time to craft a…

White House memo outlines new anti-leak measures

WASHINGTON (Reuters) – The White House has set up a special anti-WikiLeaks panel after the embarrassing flood of State Department cables leaked by the website, and its proposals include teams…

Geithner and lawmakers kick off Bush-era tax cut talks

WASHINGTON (Reuters) – President Barack Obama’s top economic advisers and key leaders in Congress kicked off talks on Wednesday to break an impasse over extending low Bush-era tax rates that…

U.S. tax chief warns of glitches if AMT fix delayed

WASHINGTON (Reuters) – The U.S. tax chief told lawmakers on Wednesday the Internal Revenue Service needs clarity on the fate of the alternative minimum tax, which could ensnare 21 million…

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential panel on balancing the U.S. budget on Wednesday revised its fiscal austerity plan with deeper spending cuts and a more flexible tax code overhaul, hoping…

Berlusconi in focus on Clinton’s WikiLeaks tour

ASTANA (Reuters) – Secretary of State Hillary Clinton has done a lot of explaining to foreign leaders after the embarrassing Wikileaks release of U.S. embassy cables — but few needed…

U.S. says sanctions cost Iran investment, banking access

WASHINGTON (Reuters) – Iran is finding it increasingly difficult to access the financial services it needs to run its economy and may lose up to $60 billion in energy investments…

U.S. and South Korea push for auto, beef deal to save pact

WASHINGTON (Reuters) – Top U.S. and South Korean trade officials planned a second days of talks on Wednesday aimed at resolving auto and beef trade issues that have blocked congressional…