Archives for News

Transportation secretary optimistic about bill

WASHINGTON (Reuters) – Transportation Secretary Ray LaHood said on Friday he is optimistic that the U.S. Congress will pass a sweeping bill to authorize funding for road and transit by August. <a href=\\\"http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/sOSj3Qf6A7Y/us-usa-infrastructure-highwaybill-idUSTRE7135RH20110204\\\" target=\\\"_blank\\\" Read the rest of the story from Reuters News Service.?
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SEC enforcement chief cites funding woes

WASHINGTON (Reuters) – The head of enforcement at the Securities and Exchange Commission on Friday defended the agency’s record for bringing credit crisis cases and raised concerns about the agency’s tight budget. <a href=\\\"http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/yCsewYFFhp4/us-sec-khuzami-idUSTRE7135ZT20110204\\\" target=\\\"_blank\\\" Read the rest of the story from Reuters News Service.?
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Belarus leader faces same fate as Mubarak: John McCain

VILNIUS (Reuters) – Belarus leader Alexander Lukashenko faces the same fate as Middle Eastern leaders and will have to give in to opposition demands for democracy, the senior U.S. senator said on Friday. <a href=\\\"http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/TvApAf_cS0A/us-usa-belarus-idUSTRE7133UJ20110204\\\" target=\\\"_blank\\\" Read the rest of the story from Reuters News Service.?
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Egypt in focus as Clinton heads to security meeting

WASHINGTON (Reuters) – Secretary of State Hillary Clinton headed for a global security conference in Germany on Friday as U.S. planners struggle to assess how Egypt’s political crisis may rewrite both the future of the Middle East and the deadlocked Israeli-Palestinian peace process. <a href=\\\"http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/_i7yrHX6fB4/us-security-usa-clinton-idUSTRE7133QF20110204\\\" target=\\\"_blank\\\" Read the rest of the story from Reuters News Service.?
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Democratic warning: No debt, no government

Senate Democrats warned Thursday of dire economic consequences if Congress fails to raise the US debt ceiling, saying it could prompt a shutdown of the federal government. “It’s playing with fire,” said US Senator Chuck Schumer said of the legislative standoff. If a shutdown were to occur, “citizens couldn’t get their checks, veterans couldn’t get their benefits, military payments would stop,” the veteran New York lawmaker said. Congress early in 2010 raised the US debt ceiling to nearly $14.3 trillion — very near the current US debt of some $13.9 trillion dollars. The government will run out of money in
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Warning signs ignored in Fort Hood shootings

Federal authorities ignored warnings that could have prevented a 2009 massacre at an Army base, two U.S. senators said in a report on Thursday that outlined intelligence failures similar to those in the September 11, 2001, attacks. Major Nidal Malik Hasan — an Army psychiatrist who had been dubbed by two colleagues as “a ticking time bomb” — was charged with murder in the shooting rampage at Fort Hood, Texas that killed 13 and wounded 32. Senate Homeland Security Committee Chairman Joe Lieberman, and Susan Collins, the panel’s top Republican, said in the probe that authorities had information indicating that
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The cost-cutting battles begin

Congressional Republicans say they want to cut federal spending by raiding $45 billion from President Barack Obama‘s politically unpopular economic stimulus program. But they won’t be able to get their hands on most of that money. At most, only about $7 billion of the $814 billion in economic recovery money awarded under the 2009 federal law hasn’t already been spoken for, according to the latest White House estimates. And Republican leaders now acknowledge they would be lucky to identify as much as $5 billion in stimulus-related spending cuts as part of a plan to save taxpayers $2.5 trillion over 10
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Stimulus savings? Forget it: It just ain’t there

Congressional Republicans say they want to cut federal spending by raiding $45 billion from President Barack Obama’s politically unpopular economic stimulus program. But they won’t be able to get their hands on most of that money. At most, only about $7 billion of the $814 billion in economic recovery money awarded under the 2009 federal law hasn’t already been spoken for, according to the latest White House estimates. And Republican leaders now acknowledge they would be lucky to identify as much as $5 billion in stimulus-related spending cuts as part of a plan to save taxpayers $2.5 trillion over 10
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Jobs report should show modest gains

Economic growth is gaining momentum, with factories busy and service firms expanding, but one critical area still lags: job creation. The Labor Department will issue its January jobs report Friday, and economists are forecasting that it will show only modest hiring. Employers are expected to add a net total of 146,000 new jobs. That’s barely enough to keep up with population growth. The unemployment rate is likely to tick up to 9.5 percent from 9.4 percent in December. Some analysts are more optimistic and think the job gains could be larger, after several positive economic reports were released Thursday. The
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Protests continue in Cairo’s central square

Protesters demanding President Hosni Mubarak‘s ouster packed Cairo’s central square by the tens of thousands Friday, waving Egyptian flags, singing the national anthem and cheering, appearing undaunted and determined after their camp withstood two days of street battles with regime supporters trying to dislodge them. Thousands including families with children flowed over bridges across the Nile into Tahrir Square, a sign that they were not intimidated after the protesters fended off everything thrown at them by pro-Mubarak attackers — storms of hurled concrete, metal rebar and firebombs, fighters on horses and camels and automatic gunfire barrages. The protesters passed through
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