News

Renewing Bush tax cuts may slip to 2011: GOP Camp

WASHINGTON (Reuters) – The incoming Republican chairman of the powerful tax-writing committee in the House of Representatives said on Wednesday extending Bush-era tax cuts for all income groups could slip into next year if Democrats don’t compromise with Republicans. Read the full story from Reuters

Obama still hopes to repeal military ban on gays

WASHINGTON (Reuters) – President Barack Obama said on Wednesday he still hoped to end the ban on gays serving openly in the military, despite big electoral gains by Republicans, many of whom oppose repealing the restrictions. Read the full story from Reuters

Obama reaches out to Republicans on tax forms

WASHINGTON (Reuters) – President Barack Obama on Wednesday suggested working with Republicans on a provision of the new healthcare law that requires businesses to file tax forms on transactions worth more than $600. Read the full story from Reuters

Somber White House tries to put brave face on defeat

WASHINGTON (Reuters) – So much for criticism that Barack Obama doesn’t show emotion. On Wednesday the Democratic president’s mood was clear: somber, resigned, and chastened by the biggest political drubbing of his career. Read the full story from Reuters