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Heated Senate battle over credit card fees

Consumers are caught in the middle of a fight between financial institutions and merchants as the Senate approaches a showdown vote over whether to block the Federal Reserve from capping fees that stores pay banks every time a shopper swipes a debit card. The vote, scheduled for Wednesday, is the climax of a long, expensive lobbying battle between two industries that lawmakers hate to cross because of their influence back home and their campaign contributions. “Those are folks who have a lot of presence in all our states,” said Sen. Mark Pryor, D-Ark., who added he was undecided. He said,
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Americans fed up with Obama’s ineffective leadership

A new poll shows an ever-increasing number of Americans fed up with President Barack Obama‘s lack of leadership on the economy and deficit, driving his approval rating before 50 percent. A Washington Post-ABC News poll released Tuesday says 59 percent — six in ten Americans — disapprove of the way the President is handling the economy and only 33 percent approve of his handling of the deficit. The lackluster ratings showcase a dramatic drop from a 56 percent approval rating following the death of Osama bin Laden just a month ago. The rapidly dropping poll numbers spell political trouble for
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Serial liar Anthony Weiner admits sending lewd photo

Embattled Rep. Anthony Weiner admitted Monday he tweeted a lewd photo of to a young woman and also admitted a number of what he called “inappropriate” exchanges with other women but the serial liar and pornographer said he has no intention of quitting his House seat.   The New York Democrat called his actions “a dumb thing” and admitted “lying about it,” said he never met the women he tormented with lewd correspondence and wasn’t even sure how old they were. While Weiner said he plans to stay in Congress, Democratic leader Nancy Pelosi called for an immediate ethics committee
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Everything new is old again: Santorum is back

The GOP fruit salad of Presidential wannabes expanded again Monday as former Republican conservative firebrand Senator Rick Santorum jumped into the fray with his usual mix of right wing hyperbole. And he’s offering more of the same. “Someone who’s been there for many, many years talking about the same issues in the same way is what a lot of folks, a lot of conservatives, are looking for,” Santorum declared in his announcement that he’s running for President. “There are things that are right and things that are wrong,” Santorum told the Associated Press in an interview. “That may not be
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Tea Party Express chair admits movement is just an arm of the GOP

The Tea Party — a phony “grassroots” movement that is and always has been nothing but a front for the Republican Party — showed its true colors Sunday when Amy Kremer, chair of the Tea Party Express, admitted the so-called group of independents will endorse a Republican — any Republican — for President. “Whoever the Republican nominee is will have the support of the Tea Party movement — the entire Tea Party movement,” Kremer told Fox News Sunday. Even Mitt Romney? Yes, Kremer said. Even Mitt Romney. So much for independence. So much for looking at the candidate, not the
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Palin claims she didn’t mangle history…again

Sarah Palin, the GOP centerfold and bimbo whose brain is intellectually challenged every time she opens her mouth, claims she didn’t rewrite history when she claimed Paul Revere tried to warn the British with his famous ride.   “I didn’t mess up with about Paul Revere,” she claimed on “Fox News Sunday. “Part of his ride was to warn the British that were already there. That, hey, you’re not going to succeed. You’re not going to take American arms. You are not going to beat our own well-armed persons, individual, private militia that we have. He did warn the British.”
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Parties posture on debt issue

The threat of a first-ever default by the federal government is pushing President Barack Obama and Republicans toward a sweeping agreement to cut government spending and increase the Treasury’s borrowing authority. Yet a perennial partisan struggle over Medicare drives them apart. Remarkably, the two sides seem determined to pursue both accord and discord simultaneously, sparing the still-wobbling economy from threatened calamity while preserving Medicare as a political issue in the 2012 elections. “I’m willing. I’m ready. It is time to have the conversation” about deficit cuts and the debt limit, said House Speaker John Boehner, urging Obama to become personally
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GOP to Obama: Get serious on deficit

Top Republicans on Friday said an increase in the jobless rate underscored the need for President Barack Obama to get personally involved in talks to cut government spending to help stimulate economic growth. “One look at the jobs report should show the White House it’s time to get serious about cutting spending and dealing with our ailing economy,” House Speaker John Boehner said after data showed jobs growth slowed sharply in May and the jobless rate rose to 9.1 percent. Boehner said Obama needed to take a more active role in deficit-reduction talks if the president hopes for agreement between
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In the end, Anthony is just a Weiner

“Weiner Exposed.” “Weiner’s Pickle.” “Battle of the Bulge.” Those were some of the tabloid headlines lampooning Rep. Anthony Weiner as he struggled to explain how a photo of a man’s crotch had been posted to his Twitter account. The normally media-savvy New York Democrat squandered his chance to make it right with a cringe-inducing TV blitz that raised more questions than it answered. It’s a surprising turn for the pugnacious 46-year old Brooklyn native, who until this mess was widely seen as one of the smartest members of Congress. But the fallout from the incident has highlighted his weaknesses, casting
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Feds indict Edwards for misuse of campaign funds

In May 2007, as John Edwards endured ridicule for his $400 haircut, a wealthy supporter fired off a note to a campaign aide, vowing to privately pay for his hair care and other expenses important to his candidacy. “It is a way to help our friend without government restrictions,” Bunny Mellon wrote in a letter cited by federal prosecutors. Investigators believe there should have been restrictions on the $925,000 in under-the-table money that Mellon and another benefactor ended up providing to support Edwards. It’s key to the government’s contention that the 2004 Democratic vice presidential nominee broke the law in
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