Rogers picked for House Appropriations panel

WASHINGTON (Reuters) – A Republican panel on Tuesday selected veteran Hal Rogers to chair the U.S. House of Representatives Appropriations Committee next year and take a lead role in efforts to dramatically slash the federal budget, the lawmaker said on Tuesday. Read more

Democrats question Obama’s tax deal

WASHINGTON (Reuters) – President Barack Obama’s plan to extend tax cuts for all Americans ran into trouble on Tuesday when his fellow Democrats questioned it and investors dumped U.S. Treasury bonds on fear that low taxes will dig a deeper hole in the budget deficit. Read more

U.S. drops push for Israel settlement freeze

JERUSALEM (Reuters) – The United States on Tuesday abandoned its effort to persuade Israel to freeze construction of Jewish settlements, officials said, dealing a blow to efforts to revive Israeli-Palestinian peace talks. Read more