Pelosi mulls future after Republicans win House

WASHINGTON (Reuters) – Democrat Nancy Pelosi, the first female speaker of the House of Representatives, said on Wednesday she had not decided what to do after Republicans take over the chamber in January, ending her four-year tenure. Read the full story from Reuters

South Korea must give more on beef, cars: Republican

WASHINGTON (Reuters) – South Korea must agree to do more to open its market to U.S. beef and autos if it wants Congress to approve a trade deal that has been stalled for three years, a senior Republican lawmaker said on Wednesday. Read the full story from Reuters

Republicans ability to reshape Dodd-Frank limited

WASHINGTON (Reuters) – Republican lawmakers vowed to vigorously oversee the new financial reform law but stopped short of promising major changes to the legislation they have described as “job killing.” Read the full story from Reuters

Obama to seek refuge from election pain in Asia tour

WASHINGTON (Reuters) – President Barack Obama will try to put election woes behind him on Friday as he departs for a tour of Asia to push for exports and U.S. jobs — domestic priorities likely to decide the fate of his presidency. Read the full story from Reuters

Renewing Bush tax cuts may slip to 2011: GOP Camp

WASHINGTON (Reuters) – The incoming Republican chairman of the powerful tax-writing committee in the House of Representatives said on Wednesday extending Bush-era tax cuts for all income groups could slip into next year if Democrats don’t compromise with Republicans. Read the full story from Reuters

Obama still hopes to repeal military ban on gays

WASHINGTON (Reuters) – President Barack Obama said on Wednesday he still hoped to end the ban on gays serving openly in the military, despite big electoral gains by Republicans, many of whom oppose repealing the restrictions. Read the full story from Reuters

Obama reaches out to Republicans on tax forms

WASHINGTON (Reuters) – President Barack Obama on Wednesday suggested working with Republicans on a provision of the new healthcare law that requires businesses to file tax forms on transactions worth more than $600. Read the full story from Reuters

Somber White House tries to put brave face on defeat

WASHINGTON (Reuters) – So much for criticism that Barack Obama doesn’t show emotion. On Wednesday the Democratic president’s mood was clear: somber, resigned, and chastened by the biggest political drubbing of his career. Read the full story from Reuters

Republicans capture House, gain in Senate

WASHINGTON (Reuters) – President Barack Obama faced a bleak political landscape on Wednesday after voters punished Democrats over high unemployment and a sluggish economic recovery, delivering a divided Congress in Tuesday’s midterm elections. Read the full story from Reuters

Sen. Harry Reid says willing to tweak healthcare law

WASHINGTON (Reuters) – Senate Majority Leader Harry Reid on Wednesday said he was willing to make tweaks to the landmark healthcare reform law enacted earlier this year over united Republican opposition. Read the full story from Reuters