No decision yet on new homeowner tax credit

No decision yet on new homeowner tax credit

The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday. “It’s too early to say whether the tax credit will be revived,” Donovan said in an interview on CNN’s “State of the Union” program. He said the administration […]

Alvin Greene indicted

Alvin Greene indicted

Democratic Senate candidate Alvin Greene was indicted in South Carolina on Friday on charges stemming from his arrest last year for allegedly showing pornography to a college student. A grand jury indicted Greene, 32, an unemployed Army veteran and campaign novice whose primary win in June stunned political observers, on a felony charge of disseminating, […]

Charlie Rangel: ‘Hell no, I won’t go’

Charlie Rangel: ‘Hell no, I won’t go’

Democratic Representative Charles Rangel said on Tuesday he was not resigning in the face of ethics charges and asked for an expedited resolution of his case before he has to face voters in November elections. “I am not going away. I am here,” Rangel said to some applause during a lengthy, rambling speech on the […]

Obama ramps up anti-Bush rhetoric

Obama ramps up anti-Bush rhetoric

President Barack Obama attacked the economic policies of his Republican predecessor George W. Bush in Bush’s home state on Monday as evidence of the way Republicans would operate if given power in November 2 U.S. congressional elections. At a fund-raising event for Democrats in Dallas, where Bush now lives, Obama said the former president’s “disastrous” […]

Feds fudged on mortgage bailout failure numbers

Feds fudged on mortgage bailout failure numbers

The Obama administration on Friday acknowledged it had underestimated the number of homeowners who fell seriously behind on their mortgage payments even after getting government help. Treasury officials blamed the error on mortgage finance giant Fannie Mae, which acts as the program administrator for President Barack Obama’s $50 billion Home Affordable Modification Program (HAMP). The […]

Ex-lobbyist indicted for illegal contributions

Ex-lobbyist indicted for illegal contributions

The head of a now-defunct lobbying firm was arrested on Thursday on charges he made illegal campaign contributions in an effort to build his clout and win more clients in the defense industry, the Justice Department said. Paul Magliocchetti, 64, was indicted on 11 counts of violating federal election laws that regulate and limit contributions […]

Waters: ‘Let’s go public’

Waters: ‘Let’s go public’

The second Democrat in the House of Representatives to face an ethics trial in the fall wants the charges against her made public and her trial to begin before the November 2 congressional elections, an aggressive defense that may lead to intra-party squabbling. “I am confident that once the subcommittee report is released and I […]

Reid leading Angle in latest Nevada poll

Reid leading Angle in latest Nevada poll

Senate Democratic leader Harry Reid, one of America’s most powerful politicians, holds a narrow edge among likely voters in his re-election bid in recession-lashed Nevada, a Reuters-Ipsos poll said on Tuesday. The struggling U.S. economy is paramount in voters’ minds as they look ahead to the November 2 election in Nevada, with 74 percent citing […]

U.S. combat role in Iraq set for end this month

U.S. combat role in Iraq set for end this month

President Barack Obama vowed on Monday to make good on his promise to end U.S. combat operations in Iraq by the end of August, despite a dangerous political deadlock in Baghdad and a recent surge in militant violence. Speaking to the Disabled American Veterans group in Atlanta even as he struggles with waning public support […]

McCain blocks spy chief vote

McCain blocks spy chief vote

Senator John McCain said on Monday he would allow a Senate vote on President Barack Obama‘s nominee to be U.S. intelligence chief as soon as he receives an intelligence report he requested 18 months ago. But another senator, Kit Bond, said he might also move to block a vote on the spy chief nominee in […]