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Feds crack down on lenders for foreclosure abuse

Feds crack down on lenders for foreclosure abuse

The federal government on Wednesday ordered 16 of the nation’s largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon. Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010. Citibank, Bank of America, JPMorgan Chase and Wells Fargo, […]

Obama’s plan: Cut spending, tax the rich

Obama’s plan: Cut spending, tax the rich

President Barack Obama coupled a call for $4 trillion in long-term deficit reductions with a blistering attack on Republican plans for taxes, Medicare and Medicaid on Wednesday, laying down markers for a roiling debate in Congress and the 2012 presidential campaign to come. Obama said spending cuts and higher taxes alike must be part of […]

Fake press release claimed GE would pay taxes

Fake press release claimed GE would pay taxes

General Electric Co, embroiled in controversy over its low 2010 U.S. tax bill, was the target of a bogus press release claiming that it would donate billions of dollars to the federal government. The official-looking release, complete with the GE logo and slogan “imagination at work”, said that GE would send its $3.2 billion (1.97 […]

Republicans push offshore drilling

Republicans push offshore drilling

Republican lawmakers in the U.S. House of Representatives on Wednesday pushed a trio of bills through a congressional committee that would boost U.S. offshore oil drilling and ease some regulations on oil companies. Republicans said the bills would reverse the Obama administration energy policy of the last two years that they claimed has reduced domestic […]

Montana Gov. vetoes medical marijuana repeal

Montana Gov. vetoes medical marijuana repeal

Montana Governor Brian Schweitzer on Wednesday vetoed a bill that would have repealed the state’s seven-year-old, voter-approved law legalizing marijuana for medical purposes. Critics of the broadly written law, approved as a ballot measure by 62 percent of voters in 2004, say the statute has been used by some as a pretext for recreational pot […]

Romney officially in White House race

Romney officially in White House race

Republican heavyweight Mitt Romney entered the 2012 race for the White House on Monday, forming an exploratory committee to raise money for a challenge to President Barack Obama. Romney, an unsuccessful presidential contender in 2008, opens his campaign as a well-funded early front-runner to Obama, a Democrat. He scores high in opinion polls against other […]

Obama saved favorite programs from budget cuts

Obama saved favorite programs from budget cuts

A close look at the government shutdown-dodging agreement to cut federal spending by $38 billion reveals that lawmakers significantly eased the fiscal pain by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway. Such moves permitted Obama to save favorite programs — […]

Budget battle tests Obama’s leadership

Budget battle tests Obama’s leadership

President Barack Obama promised to change Washington’s ways. Yet he is as caught up in them as ever. It was just at the start of this week that Obama launched his re-election bid with a sunny video of real people talking about their hopes and needs. It was the very image of life outside Washington […]

Terror suspects secretly detained for weeks

Terror suspects secretly detained for weeks

“Black sites,” the secret network of jails that grew up after the Sept. 11 attacks, are gone. But suspected terrorists are still being held under hazy circumstances with uncertain rights in secret, military-run jails across Afghanistan, where they can be interrogated for weeks without charge, according to U.S. officials who revealed details of the top-secret […]

Arizona passes law allowing guns on campuses

Arizona passes law allowing guns on campuses

The Arizona House on Thursday approved a landmark bill allowing guns on campuses, making it only the second state in the nation to allow firearms to be carried at colleges and universities. The Republican-led House voted 33 to 24 to allow firearms to be carried in the open or concealed in public rights of way, […]