Senate approves compensation for black farmers

WASHINGTON (Reuters) – The Senate unanimously approved a bill on Friday funding $1.15 billion in compensation to black farmers in a decades-old bias lawsuit that is one of the largest civil rights settlements in U.S. history. Read the full story

Obama’s Democrats in disarray over expiring tax cuts

WASHINGTON (Reuters) – President Barack Obama’s fellow Democrats in the U.S. Congress, many upset with him for election losses, are in disarray over what to do about tax cuts for millions of Americans that are set to expire on December 31. Read the full story

White House warns Republicans on canceling stimulus

WASHINGTON (Reuters) – The White House has warned Republicans that high-speed rail projects and a gigantic solar power complex would be imperiled if they cancel unspent federal stimulus money to try to trim the government’s budget. Read the full story

Bernanke: Policies supporting growth bolster dollar

WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke on Thursday gave a full-throated defense against criticism the U.S. central bank’s controversial bond-buying program is debasing the dollar, saying a vigorous U.S. recovery is central to global economic health. Read the full story

Senators seek probe into education rule making process

BANGALORE (Reuters) – Two Republican senators have asked the U.S. Education Department to investigate the alleged leaking by department officials of proposed rules aimed at tightening regulation of the industry. Read the full story

Reid ready to deal on Bush-era tax breaks

Reid ready to deal on Bush-era tax breaks

The top Democrat in the Senate said on Tuesday he was willing to consider a temporary tax cut extension for all income levels, a step that could pave the way for a possible deal with Republicans on Bush-era tax cuts. “This is something we will take a look at,” Senate Majority Leader Harry Reid told […]

Obama-GOP confab postponed until end of month

Obama-GOP confab postponed until end of month

A meeting planned on Thursday between President Barack Obama and congressional leaders following big Republican gains at the expense of Obama’s Democrats in the November 2 elections has been postponed until November 30. Obama’s spokesman, Robert Gibbs, said the meeting was put off at the request of Republican leaders in the Senate and the House […]

Banks face Congressional wrath over foreclosures

Banks face Congressional wrath over foreclosures

Banks under fire over their foreclosure practices face twin hearings in Congress this week, at which they will come under renewed pressure to find ways to keep borrowers in their homes. The hearings on Tuesday and Thursday will include the first appearances by executives from major lenders like Bank of America and JPMorgan Chase since […]

Supreme Court rejects request to lift military gay ban

Supreme Court rejects request to lift military gay ban

The Supreme Court on Friday denied a request to lift the Pentagon’s ban that prevents openly gay men and women from serving in the U.S. military, a decision that turns the focus on the issue to Congress when lawmakers return to work next week. President Barack Obama has pledged to end the “don’t ask, don’t […]

Task force warns Obama over high cost of Aghan war

Task force warns Obama over high cost of Aghan war

An independent task force cautioned President Barack Obama on Friday about the high cost of the Afghanistan war and said he should consider a narrow military mission if his December review finds the current strategy is not working. The 25-member task force, led by former Deputy Secretary of State Richard Armitage and former national security […]