U.S., S.Korea to meet on long-stalled free trade pact

WASHINGTON (Reuters) – Top U.S. and South Korean trade officials will meet in San Francisco on Tuesday to discuss how to fix beef and auto trade problems that have blocked approval of a free trade agreement since 2007. Read the full story from Reuters

State races to redraw lines of power in Washington

CHICAGO (Reuters) – As Democrats struggle to keep their majorities in the U.S. Congress in the November 2 elections, the next decade of party control may well be determined by scores of state legislative races also on the ballot. Read the full story from Reuters

Treasury too rosy on bailout cost: TARP cop

WASHINGTON (Reuters) – The Obama administration’s latest estimate of taxpayer costs of the Wall Street bailout is too rosy and could ultimately damage public trust in government, the top bailout cop said on Monday. Read the full story from Reuters

Senate unlikely to follow House on yuan

WASHINGTON (Reuters) – The Senate is unlikely to take up pending China currency legislation following a weekend promise by the Group of 20 economic powers to shun currency devaluations for trade advantage, analysts said on Sunday. Read the full story from Reuters

Fox’s news shakeup not as dire as liberals feared

LOS ANGELES (Hollywood Reporter) – Local news is losing viewers at an alarming rate, so News Corp. executives during the summer directed the company-owned stations to try something different: roundtable discussions, guests, analysis — the sort of thing Fox News Channel does. Read the full story from Reuters

U.S.-South Korea aircraft carrier drill called off: report

SEOUL (Reuters) – The United States and South Korean militaries have postponed an aircraft carrier drill in the Yellow Sea ahead of next month’s G20 summit in Seoul following strong criticism from China, local media reported on Monday. Read the full story from Reuters

Japan ruling party candidate suffers by-election loss

TOKYO (Reuters) – A senior member of Japan’s opposition Liberal Democratic Party defeated a ruling party candidate in a lower house by-election, in the latest sign of voter dissatisfaction with the ruling party. Read the full story from Reuters

Top Democrat says election outlook improves

WASHINGTON (Reuters) – The Democratic Party chief said on Sunday he was feeling more optimistic that Democrats would retain control of the Congress, citing his party’s get-out-the vote efforts ahead of the November 2 elections. Read the full story from Reuters

Brown widens lead over Whitman in California race

LOS ANGELES (Reuters) – Democrat Jerry Brown has more than doubled his lead over Republican rival Meg Whitman in the California governor’s race, gaining support from Latino voters after an illegal immigration furor over the former eBay chief’s former housekeeper. Read the full story from Reuters

Senate unlikely to follow House on yuan

WASHINGTON (Reuters) – The Senate is unlikely to take up pending China currency legislation following a weekend promise by the Group of 20 economic powers to shun currency devaluations for trade advantage, analysts said on Sunday. Read the full story from Reuters