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Next stopgap bill would cut $6 billion over 3 weeks

WASHINGTON (Reuters) – House Republicans are preparing another stopgap-spending bill that would cut $6 billion from current levels and keep the government running for three more weeks, Representative Steven LaTourette said on Thursday. Read the full story.
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House panel delves into Muslims radicalization

WASHINGTON (Reuters) – Muslim Americans must do more to combat Islamic radicalization as al Qaeda targets them to help carry out terrorism plots, a lawmaker said on Thursday as he convened hearings critics said unfairly singled out Muslims. Read the full story.
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Senate kills competing spending cut bills

WASHINGTON (Reuters) – The Senate defeated a pair of spending-cut bills on Wednesday — a Republican plan for nearly $60 billion in reductions and a far smaller Democratic alternative — increasing pressure on both sides to cut a bipartisan deal. Read the full story.
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China welcomes Locke nomination for U.S. ambassador post

BEIJING (Reuters) – China Thursday presented open arms to U.S. President Barack Obama’s nomination of Commerce Secretary Gary Locke as the new ambassador to China, as the two countries try to strengthen their ties and nurture more mutual trust. Read the full story.
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Oil company CEO claims prices aren’t hurting economy

Exxon Mobil CEO Rex Tillerson said Wednesday he doesn’t think the recent jump in oil prices is hurting the U.S. economy — at least, not yet. The head of the world’s largest publicly traded oil company said that in 2008, when oil surged to near $150 per barrel, Americans didn’t change their driving and spending habits until gasoline prices topped $4 per gallon. Average gas prices peaked at $4.11 in July that year. “I don’t know if that tip-over is still at the same $4 level or not,” Tillerson told reporters at the New York Stock Exchange. “We’ll see.” Oil
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NPR head steps down after remarks about the right

NPR will forge ahead in the fight for federal money despite six months of bad PR — and without its chief executive. NPR’s president and CEO resigned Wednesday to limit the damage from hidden camera footage of a fellow executive deriding the tea party movement as “seriously racist.” Conservatives called the video proof that the network is biased and undeserving of federal funds. From the news organization’s perspective, the timing was exceptionally bad. The battle for funds will be the toughest yet, with Republicans in the new House majority looking to cut all federal funding of public radio and television.
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