News

U.S.-South Korea trade pact nears with tariff deal: sources

WASHINGTON (Reuters) – South Korea has agreed to give the United States five years to phase out a 2.5 percent tariff on Korean-built cars rather than cut the tariff immediately, clearing the way for a deal on a stalled bilateral trade pact, the Wall Street Journal reported on Friday. Read more

Obama in Afghanistan, says troops making progress

BAGRAM AIR BASE, Afghanistan (Reuters) – President Barack Obama praised American troops for “important progress” against militants in Afghanistan, during an unannounced visit to a U.S. airbase outside the capital on Friday. Read more

Senate to take symbolic votes on taxes Saturday

WASHINGTON (Reuters) – The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological divisions between the parties. Read more

Military chiefs urge against ending gay ban

WASHINGTON (Reuters) – Military chiefs told the Senate on Friday they opposed ending the armed forces’ ban on gays anytime soon, urging caution over President Barack Obama’s effort to repeal the “Don’t Ask, Don’t Tell” policy. Read more