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For Obama, will it be Truman or Clinton?

In the weeks after his election two years ago, President Obama was often linked to two other presidents, Franklin D. Roosevelt and Abraham Lincoln. Today, Democrats debate whether he should act more like Harry Truman or Bill Clinton to avoid becoming another Jimmy Carter. Read more…

Senate bid to renew "middle-class" tax cuts fails

WASHINGTON (Reuters) – Democratic measures to extend tax cuts for most Americans failed in the Senate on Saturday as Republicans — and some Democrats — blocked them because they did not also extend low rates for the wealthy. Read more

Tax showdown clears way for yearend deal

Tax showdown clears way for yearend deal

Senate Republicans derailed legislation Saturday to extend expiring tax cuts at all but the highest income levels in a political showdown that paradoxically clears a path for a compromise with the White House on steps to boost the economy. “We need to get this resolved and I’m confident we can do it,” President Barack Obama […]

PayPal pulls the plug on WikiLeaks

PayPal pulls the plug on WikiLeaks

WikiLeaks has lost a major source of revenue after the online payment service provider PayPal cut off its account used to collect donations, saying the website is engaged in illegal activity. The announcement also came as WikiLeaks is struggling to keep its website accessible after service providers such as Amazon dropped contracts, and governments and […]

Obama touts South Korea trade deal

WASHINGTON (Reuters) – President Barack Obama vowed on Saturday to work with Republicans and Democrats to pass a free-trade pact with South Korea that he said was a model for future agreements he would seek in Asia and around the world. Read more