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 […]

Debt-panel chairs make changes to draft: report

PHILADELPHIA (Reuters) – The chairmen of the White House’s debt-reduction commission are making changes to their draft proposal in a move broaden support before Wednesday’s vote, The Wall Street Journal reported on Sunday. Read more

Amid WikiLeaks uproar, Clinton heads to Central Asia

WASHINGTON (Reuters) – Amid a global uproar over WikiLeaks’ release of sensitive U.S. diplomatic cables, Secretary of State Hillary Clinton begins a trip to Central Asia and the Middle East on Monday, during which she may personally feel some heat from affronted allies. Read more

U.S. consulting allies on proposed North Korea talks

WASHINGTON (Reuters) – The United States said on Sunday it was consulting with South Korea and Japan on China’s proposal for emergency talks on the North Korean crisis, and it again called on Beijing to act to curb Pyongyang’s “provocations” Read more

Top Republican denies blocking START treaty

WASHINGTON (Reuters) – A top Republican in the Senate denied on Sunday he was obstructing ratification of a new nuclear arms deal with Russia, saying Congress had bigger issues to work on before its Christmas recess. Read more

White House condemns latest WikiLeaks release

WASHINGTON (Reuters) – The White House condemned on Sunday WikiLeaks’ “reckless and dangerous action” in releasing classified U.S. diplomatic cables, saying it could endanger lives and risk hurting relations with friendly countries. Read more

Republican lawmaker plans to target spending: report

WASHINGTON (Reuters) – The incoming Republican chief of a congressional oversight panel wants to expand the scrutiny of government waste by giving subpoena power to federal watchdogs, the New York Times reported on Sunday. Read more