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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.”…

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.…

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…

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…

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…

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…

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…

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…

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…

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,…