Obama’s plan: Bash Bush

Obama’s plan: Bash Bush

President Barack Obama rallied support for his embattled Democrats on Monday, charging that Republicans had no ideas different from those pursued by his predecessor, George W. Bush. At a fund-raising lunch for the Democratic National Committee, Obama tried to energize Democrats who are likely to lose seats in both chambers of the U.S. Congress in […]

Stimulus? We don’t need no stinkin’ stimulus

Stimulus? We don’t need no stinkin’ stimulus

Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed’s current policy may be contributing to worryingly low levels of inflation. The Fed’s promise to hold benchmark interest rates exceptionally low for an extended period — a vow aimed at […]

Foreclosures still on the rise

Foreclosures still on the rise

Foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Unemployment was the main culprit driving foreclosure actions on more than 1.6 million properties, the company said. “We’re not going to see […]

Economic fears threaten Democrats

Economic fears threaten Democrats

Americans by a large majority believe President Barack Obama has not focused enough on job creation, as economic fears threaten Democrats ahead of November 2 congressional elections, a Reuters-Ipsos poll found on Tuesday. In a sign of trouble ahead for the Democrats, the poll found evidence of a sizable enthusiasm gap with Republicans more energized […]

Leaks fuel doubts over failing Afghan war

Leaks fuel doubts over failing Afghan war

The Obama administration scrambled on Monday to manage the explosive leak of secret military records that paint a grim picture of the U.S.-led war in Afghanistan and raise new doubts about key ally Pakistan. The release of some 91,000 classified documents is likely to fuel uncertainty in the Congress about the unpopular war as President […]

Pakistan backed Taliban

Pakistan backed Taliban

U.S. officials in Afghanistan strongly suspected Pakistan was secretly supporting the Taliban while taking massive amounts of American aid, military reports leaked on Sunday show, raising new questions about President Barack Obama’s war strategy. The White House responded immediately with a strong condemnation of the disclosures by the organization WikiLeaks, saying it could threaten national […]

Obama signs Wall Street reform bill

Obama signs Wall Street reform bill

President Barack Obama signed into law on Wednesday the most comprehensive financial regulatory overhaul since the Great Depression, vowing to stop risky behavior on Wall Street that imperiled the U.S. economy. Influential business groups lined up to criticize the new law, underscoring Obama’s uneasy relationship with America’s business community. Some on Wall Street, however, welcomed […]

Sessions predicts GOP takeover of House

Sessions predicts GOP takeover of House

A top Republican lawmaker on Sunday predicted his party would win back the House of Representatives from Democrats in the November mid-term elections, as both parties previewed the arguments they will deploy in the battle for control of Congress. Republican Representative Pete Sessions said his party would win “slightly over” 40 House seats, which would […]

Scandal never dies in New York

Scandal never dies in New York

Candidates for New York state attorney general, who have vowed stern enforcement of white collar crime, are also targeting corrupt politicians — a popular issue with voters. At least a dozen city and state politicians have been implicated in corruption scandals within the past year. It’s a familiar story for a system that has never […]

Pentagon is going broke

Pentagon is going broke

The Pentagon said on Wednesday it may be forced to take extreme measures — like not paying salaries — if the Democratic-led Congress fails to pass a $37 billion defense spending bill before lawmakers begin an August recess. A senior Democratic aide said lawmakers would find a way to get it done. “We will pass […]