News

Foreclosures rise again

Foreclosures rise again

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday. In all, banks repossessed 95,364 […]

Stop the presses: Establishment candidate wins primary

Stop the presses: Establishment candidate wins primary

In the last turn of a tumultuous primary season, former New Hampshire Attorney General Kelly Ayotte narrowly won her state’s Republican Senate primary, to the relief of party officials in Washington who were struggling to adjust to the demise of their preferred candidate in another big race in Delaware. Seven weeks before Election Day, Senate […]

Democrats jump on tax cut bandwagon

Democrats jump on tax cut bandwagon

More Democrats joined Republicans on Wednesday in calling for the preservation of tax breaks for Americans of every income level, bolting this election season from President Barack Obama’s plan to preserve cuts for families who earn less than $250,000 and let taxes rise for the wealthiest Americans. But Obama placed the blame for the stalled […]

Tea Party wins big on primary night

Tea Party wins big on primary night

It’s tea time in America. Conservative Christine O’Donnell pulled off a stunning upset over nine-term Rep. Mike Castle in the Republican Senate primary in Delaware Tuesday, propelled by tea party activists into a November showdown with Democrat Chris Coons. After a primary season shaped by economic pain and exasperated voters, the grass-roots, anti-establishment movement can […]

Key Tea Party wins

Key Tea Party wins

Tea party-backed candidate Christine O’Donnell upended nine-term Rep. Mike Castle in Delaware’s Republican Senate primary on Tuesday. Castle was the latest establishment-backed candidate to stumble as the grass-roots movement displayed its political strength. Tea partiers can claim success in some eight Republican Senate contests, a handful of GOP governors’ races and numerous House races. A […]

Ethics-challenged Rangel survives primary challenge

Ethics-challenged Rangel survives primary challenge

Embattled Rep. Charles Rangel prevailed in a crowded Democratic primary Tuesday, with voters in his New York City district signaling they are willing to stand by the 40-year House veteran despite more than a dozen ethics charges pending against him. Rangel beat back five challengers including Adam Clayton Powell IV, a state assemblyman and son […]

Congressional pork could doom Pentagon cost-cutting

Congressional pork could doom Pentagon cost-cutting

The Pentagon will unveil new rules later on Tuesday aimed at ending years of massive cost overruns on major weapons programs, but congressional efforts to protect home-district jobs may turn Defense Secretary Robert Gates’ cost-cutting drive into his toughest battle yet. Gates and chief weapons buyer Ashton Carter are due to announce the next steps […]

GOP: Tax increase ain’t gonna happen

GOP: Tax increase ain’t gonna happen

President Barack Obama‘s plan to raise taxes on wealthier people while preserving cuts for everyone else appears increasingly likely to founder before Election Day. Senate GOP leaders declared on Monday that Republicans are, to a person, opposed to legislation that would extend only middle-class tax relief — which Obama has repeatedly promised to deliver — […]

Primary season slogs towards contentious end

Primary season slogs towards contentious end

The primary season is ending as it began, the Republican establishment on one side in state after state, and tea party activists on another. The competition is particularly strong in Delaware and New Hampshire, where GOP senatorial nominations are the prize, and New York, where Republicans pick a challenger for an uphill fall campaign for […]

How the feds wasted money in Gulf oil spill debacle

How the feds wasted money in Gulf oil spill debacle

The federal government hired a New Orleans man for $18,000 to appraise whether news stories about its actions in the Gulf oil spill were positive or negative for the Obama administration, which was keenly sensitive to comparisons between its response and former President George W. Bush’s much-maligned reaction to Hurricane Katrina. The government also spent […]