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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…

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…

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…

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.…

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…

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…

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…

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…

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…

Amnesty group wants Bush prosecuted for war crimes

Amnesty group wants Bush prosecuted for war crimes

The United States must prosecute former President George W. Bush for torture if his admission in a memoir that he authorized waterboarding holds true, rights group Amnesty International said on…