Midterms will define Obama’s presidency

Midterms will define Obama’s presidency

The congressional election in November will define President Barack Obama’s next two years in office as Republicans look likely to pick up seats and put their stamp on issues ranging from the huge budget deficit to economic recovery and immigration. Reuters correspondents will interview an influential line-up of newsmakers at next week’s Reuters Washington Summit […]

Stunned Republicans ponder life with Tea Party

Stunned Republicans ponder life with Tea Party

Divided Republicans pointed fingers and vowed to regroup on Wednesday after a stunning Tea Party upset in Delaware dealt a blow to their hopes of recapturing control of the Senate in November. Conservative upstart Christine O’Donnell’s defeat of nine-term U.S. Representative Michael Castle in a Senate primary ended the career of one of the last […]

Senate finally passes small business aid bill

Senate finally passes small business aid bill

The Senate passed a long-stalled measure on Thursday that would boost lending to small businesses, giving President Barack Obama’s Democrats one of their last chances before November elections they are working to revive the sluggish economy. The 61 to 38 vote sends the measure back to the House of Representatives, which has passed a similar […]

Congressional pork could doom Pentagon cost-cutting

Congressional pork could doom Pentagon cost-cutting

The Pentagon will unveil new rules later on Tuesday aimed at ending years of massive cost overruns on major weapons programs, but congressional efforts to protect home-district jobs may turn Defense Secretary Robert Gates’ cost-cutting drive into his toughest battle yet. Gates and chief weapons buyer Ashton Carter are due to announce the next steps […]

Democrats desert Obama on taxes

Democrats desert Obama on taxes

Democrats in Congress are distancing themselves from President Barack Obama’s push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November’s mid-term elections. Obama stood firm on his stance in a fiery speech this week addressing the looming increase of all individual taxes. He repeated his pledge to let […]

Religious leaders condemn ‘anti-Muslim’ frenzy

Religious leaders condemn ‘anti-Muslim’ frenzy

U.S. religious leaders on Tuesday condemned an “anti-Muslim frenzy” in the United States, including plans by a Florida church to burn a Koran on September 11, an act a top general said could endanger American troops abroad. Christian, Muslim and Jewish religious leaders denounced the “misinformation and outright bigotry” against U.S. Muslims resulting from plans […]

White House: No second stimulus in future

White House: No second stimulus in future

The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama’s team. Obama said on Monday he and his advisers are discussing further tax cuts for businesses to help create jobs, as well as an extension of tax cuts for […]

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 […]