Palestinians to give U.S. peace effort more time

WASHINGTON (Reuters) – The Palestinians will give the United States several more weeks to try to relaunch direct peace talks with Israel, but will not buckle on their key demand for a halt to Israeli settlement activity, a top Palestinian official said on Thursday. Read the full story from Reuters

Republicans to crank up oversight of government

WASHINGTON (Reuters) – The incoming Republican majority in the House of Representatives is more likely to attack Democrats through highlighting congressional oversight hearings rather than the more rancorous subpoena process, leading Republicans say. Read the full story from Reuters

Republicans scuffle over US House banking panel

WASHINGTON (Reuters) – Just days after winning control of the House of Representatives, Republican leaders on Thursday faced an internal fight over the chairmanship of a key committee that oversees Wall Street. Read the full story from Reuters

Ron Paul vows renewed Fed audit push next year

WASHINGTON (Reuters) – Republican Representative Ron Paul on Thursday said he will push to examine the Federal Reserve’s monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January. Read the full story from Reuters

Republican Boehner says Obama seems in "denial"

WASHINGTON (Reuters) – President Barack Obama seems to be in denial about the full meaning of congressional elections in which Republicans made big gains, Republican leader John Boehner said on Thursday. Read the full story from Reuters

Obama in early stages of picking Summers’ successor

WASHINGTON (Reuters) – President Barack Obama is still in the “preliminary stages” of choosing a successor to top White House economic adviser Larry Summers, the White House said on Thursday. Read the full story from Reuters

In book, Bush strongly defends use of waterboarding

WASHINGTON (Reuters) – When then-President George W. Bush was asked to approve a tough interrogation technique known as waterboarding on September 11 mastermind Khalid Sheikh Mohammed, he wasted little time in deciding. Read the full story from Reuters

Republicans to attack healthcare law funding

WASHINGTON (Reuters) – U.S. congressional Republicans will try to repeal President Barack Obama’s healthcare law next year but their leader in the Senate acknowledged on Thursday they will likely have to settle for far more modest changes. Read the full story from Reuters

Justice Dept says election won’t alter crimefighting

NEW YORK (Reuters) – The big Republican gains during the midterm elections will not change the Obama administration’s approach to prosecuting crime, a top U.S. Justice Department official said on Thursday, amid criticism the department has been slow to prosecute Wall Street. Read the full story from Reuters