Obama weighs effort to overhaul tax code

WASHINGTON (Reuters) – Democrats and Republicans should begin a conversation next year about a broad overhaul of the U.S. tax code that would involve lowering rates while eliminating tax breaks for favored groups, President Barack Obama said in an interview broadcast on Friday. Read more

Defense secretary sees support for Iran sanctions

ABOARD A U.S. MILITARY AIRCRAFT (Reuters) – Iran’s neighbors are clearly concerned about Tehran’s “aggressive behavior” and support international sanctions aimed at curbing its nuclear ambitions, U.S. Defense Secretary Robert Gates said on Friday after a week of travel that included stops in two Gulf states. Read more

Obama says regrets Liu can’t attend Nobel ceremony

WASHINGTON (Reuters) – President Barack Obama said on Friday he regretted that neither Chinese dissident Liu Xiaobo nor his wife would be allowed to attend the ceremony in Oslo awarding Liu the Nobel Peace Prize and urged China to do more to advance democracy. Read more

Schumer vs. Obama

Both sides are now working to patch things up for fear differences could hinder Democrats. Read more…