News

Republican takes Obama’s former Senate seat

WASHINGTON (Reuters) – Republican Mark Kirk was sworn in on Monday to take President Barack Obama’s old U.S. Senate seat from Illinois, cutting Democrats’ majority in the chamber for the final weeks of the year to 58-42. Read more

White House: No deal on taxes expected Tuesday

WASHINGTON (Reuters) – President Barack Obama is not expected to reach a deal with Republican leaders on whether to extend Bush-era tax cuts when he meets them on Tuesday, White House spokesman Robert Gibbs said. Read more

Congress votes to delay pay cut to doctors

WASHINGTON (Reuters) – Legislation to postpone for one month a hefty cut in payments to doctors who participate in the U.S. Medicare health insurance program for the elderly and disabled won final U.S. congressional passage on Monday. Read more

Labor Department proposes target date 401(k) rules

NEW YORK (Reuters) – The U.S. Department of Labor on Monday proposed a rule that will require employers to provide more information to their employees about the role of “target date” mutual funds in retirement plans. Read more