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Gates proposes major defense cuts that will cost jobs

Gates proposes major defense cuts that will cost jobs

Defense Secretary Robert Gates said Monday that tough economic times require that he shutter a major command that employs some 5,000 people around Norfolk, Va., and begin to eliminate other jobs throughout the military. The announcement was the first major step by Gates to find $100 billion in savings in the next five years. Gates […]

Obama ramps up anti-Bush rhetoric

Obama ramps up anti-Bush rhetoric

President Barack Obama attacked the economic policies of his Republican predecessor George W. Bush in Bush’s home state on Monday as evidence of the way Republicans would operate if given power in November 2 U.S. congressional elections. At a fund-raising event for Democrats in Dallas, where Bush now lives, Obama said the former president’s “disastrous” […]

The case against Maxine Waters

The case against Maxine Waters

The House ethics committee on Monday announced three counts of alleged ethics violations against California Democrat Maxine Waters, including a charge that she requested federal help for a bank where her husband owned stock and had served on its board. Waters, a 10-term representative from Los Angeles, has denied any wrongdoing and had urged the […]

Michele Obama’s lavish, jet-set lifestyle raises questions

Michele Obama’s lavish, jet-set lifestyle raises questions

First Lady Michele Obama’s jet-set travels leave critics shaking their heads and wondering why she is living large at taxpayer expense while her husband preaches financial restraint to the rest of America. Her apparent clueless habit of jetting off to exotic locales while America struggles fuels criticism that she and her husband are out of […]

Tea party runs into money problems

Tea party runs into money problems

Some leading tea party activists are concerned that their efforts to reshape American politics, starting with the 2010 elections, are being undermined by a shortage of cash that’s partly the result of a deep ambivalence within the movement’s grassroots  over the very idea of fundraising, and partly attributable to an inability to win over the […]

Colorado’s three-ring political circus

Colorado’s three-ring political circus

In an election year already notable for anti-establishment fervor and spoiler candidates, nothing beats Colorado’s political circus. Party elites have lost control of the nominating process in the state’s three biggest races: the Democratic Senate primary and the GOP contests for governor and Senate. With Tuesday’s primary looming, incumbents and veteran politicians are wondering what […]

Feds drop ball on Medicare fraud cases

Feds drop ball on Medicare fraud cases

They don’t seem that interested in hot pursuit. It took private sleuths hired by Medicare an average of six months last year to refer fraud cases to law enforcement. According to congressional investigators, the exact average was 178 days. By that time, many cases go cold, making it difficult to catch perpetrators, much less recover […]

Kagan sworn in as newest Supreme Court justice

Kagan sworn in as newest Supreme Court justice

Elena Kagan was sworn in Saturday as the 112th justice and fourth woman ever to serve on the Supreme Court. Chief Justice John Roberts administered the oath to Kagan in a brief private ceremony at the court. Kagan, joined by family and friends, pledged to faithfully and impartially uphold the law. Afterward, she smiled broadly […]

Feds fudged on mortgage bailout failure numbers

Feds fudged on mortgage bailout failure numbers

The Obama administration on Friday acknowledged it had underestimated the number of homeowners who fell seriously behind on their mortgage payments even after getting government help. Treasury officials blamed the error on mortgage finance giant Fannie Mae, which acts as the program administrator for President Barack Obama’s $50 billion Home Affordable Modification Program (HAMP). The […]

Fired HP CEO walks away with $28 million

Fired HP CEO walks away with $28 million

Lauded for making Hewlett-Packard Co. the world’s biggest technology company, CEO Mark Hurd was in negotiations for a new contract worth about $100 million, according to a person familiar with the negotiations. Instead, he’s getting about a third of that to just go away. In a stunning announcement Friday, HP said it ousted Hurd after […]