Clinton warns of "resource curse" in Papua New Guinea

PORT MORESBY (Reuters) – Secretary of State Hillary Clinton on Wednesday offered to help Papua New Guinea create a sovereign wealth fund to manage its resource revenue and avoid a “resource curse” which could fuel conflict and corruption. Read the full story from Reuters

U.S. says open to fair criticism at U.N. rights forum

GENEVA (Reuters) – The United States is open to fair criticism of its human rights record, including racial discrimination and counterterrorism policies, when it is under U.N. scrutiny this week, a U.S. envoy said on Wednesday. Read the full story from Reuters

Republican election wave hits state houses

CHICAGO (Reuters) – The surge that gave Republicans control of the House of Representatives on Tuesday also hit state legislatures, giving Republicans power to potentially cement their hold in Congress for the next decade. Read the full story from Reuters

South Korea’s Lee says trade deal key test of U.S. will

SEOUL (Reuters) – South Korean President Lee Myung-bak said on Wednesday the United States will be sending an important message on its commitment to free trade if it finally advances a pact it signed with Seoul on opening their markets. Read the full story from Reuters

Tea Party calls for "fiscal sanity" in Washington

WASHINGTON (Reuters) – Tea Party-backed Republicans who won at congressional elections on Tuesday vowed to bring their uncompromising politics to the debate over government spending and deficits. Read the full story from Reuters

Obama and Boehner discuss priorities in phone call

WASHINGTON (Reuters) – President Barack Obama called John Boehner, the likely next Speaker of the House of Representatives, to discuss priorities and common ground between Democrats and Republicans after Tuesday’s election. Read the full story from Reuters

Stalemate seen in Congress on banking and housing

WASHINGTON (Reuters) – Republicans grabbed the steering wheel of the U.S. House of Representatives on Tuesday, but weren’t expected to get out of the driveway when it comes to restraining Wall Street reforms and fixing housing finance. Read the full story from Reuters

Harry Reid hangs on to win in Nevada

Harry Reid hangs on to win in Nevada

Senate Democratic Majority Leader Harry Reid won re-election in Nevada against Republican Sharron Angle in a tight race, Fox News projected on Wednesday, a blow to Republicans who had hoped to oust him. Republicans had targeted Reid and poured millions of dollars into Angle’s campaign, which was also backed by the conservative Tea Party group. […]

Split Congress could mean more gridlock on Capitol Hill

Split Congress could mean more gridlock on Capitol Hill

Republicans grabbed the steering wheel of the U.S. House of Representatives on Tuesday, but weren’t expected to get out of the driveway when it comes to restraining Wall Street reforms and fixing housing finance. A political standoff lies ahead for two years on key banking and housing issues as election returns showed Democrats losing control […]

Republican Cantor vows to repeal health reform

WASHINGTON (Reuters) – Representative Eric Cantor, who is likely to become majority leader in the new Republican-led House of Representatives, vowed on Tuesday to repeal healthcare reform and cut federal spending. Read the full story from Reuters