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Jun 30, 2011

BLOOMBERG News, Jun 2011

Gates weighs toll of war
Wed,29 Jun 2011 11:02 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Robert Gates, in his final interview as defense secretary, grew quiet as he tried to articulate the heavy toll his job took on him over the past four and a half years -- every day of them during wartime.

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Factbox: Legislative scorecard for Texas governor Perry
Wed,29 Jun 2011 09:35 PM PDT
Reuters -

photoAUSTIN, Texas (Reuters) - Texas Governor Rick Perry, who has said he is weighing a bid for the 2012 Republican nomination for president, designated six pieces of legislation as "emergency" items for the 2011 session of the Texas legislature.

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Pennsylvania legislature passes budget with cuts
Wed,29 Jun 2011 09:02 PM PDT
Reuters - HARRISBURG, Pa (Reuters) - Pennsylvania's Republican-controlled state legislature gave final approval on Wednesday to a $27.15 billion budget that will cut spending by three percent from the current fiscal year. Full Story1
NJ Democrats, Christie poised for budget fight
Wed,29 Jun 2011 08:21 PM PDT
Reuters - NEW YORK (Reuters) - New Jersey's Democrat-led state legislature passed a spending plan on Wednesday, the eve of the state's budget deadline, but the deal was immediately rejected by Republican Governor Chris Christie. Full Story1
Bachmann says she can be "unifying" U.S. candidate
Wed,29 Jun 2011 07:23 PM PDT
Reuters -

photoROCK HILL, South Carolina (Reuters) - Rising Tea Party star Michele Bachmann said on Wednesday she can be a unifying candidate for the Republican Party's 2012 bid for the U.S. presidency by attracting disaffected Democrat and independent voters.

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Obama praises NY gay marriage law, won't endorse it
Wed,29 Jun 2011 04:42 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama on Wednesday praised New York's move to legalize same-sex marriage but stopped short of endorsing it himself, maintaining a stance that has frustrated many liberal supporters. Full Story1
Minnesota leaders talk budget as state shutdown looms
Wed,29 Jun 2011 04:10 PM PDT
Reuters - MINNEAPOLIS (Reuters) - Minnesota's Democratic governor and Republican legislative leaders were meeting on Wednesday in search of a budget deal but so far with no success with one day to go before a broad state government shutdown. Full Story1
In race, Huntsman fights Romney cash juggernaut
Wed,29 Jun 2011 03:39 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Republican presidential hopeful Jon Huntsman is racing to find moderate Republican donors who have not been caught up in frontrunner Mitt Romney's fundraising juggernaut, which shows no signs of slowing.

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Obama aide claims big gains against al Qaeda
Wed,29 Jun 2011 03:32 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Recent successes against al Qaeda by the United States and its foreign partners, including the killing of Osama bin Laden, have decimated the group and brought the "demise" of its senior leadership within view, a top White House aide said on Wednesday.

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U.S. enters next round of public pensions fight
Wed,29 Jun 2011 02:54 PM PDT
Reuters - WASHINGTON (Reuters) - The United States is entering the next round of a nationwide boxing match over public pensions, with states approving changes to the funds, a leading municipal union challenging claims of yawning shortfalls and a research group advocating moderation. Full Story1
Obama administration wants Guantanamo suit tossed
Wed,29 Jun 2011 02:36 PM PDT
Reuters -

photoWASHINGTON (Reuters) - The Obama administration on Wednesday asked a federal judge to dismiss a lawsuit by a Syrian man who sought compensation for alleged torture and inhumane treatment while at the U.S. military prison at Guantanamo Bay, Cuba.

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Obama says Libya campaign legal, making progress
Wed,29 Jun 2011 01:49 PM PDT
Reuters -

photoWASHINGTON (Reuters) - President Barack Obama on Wednesday strongly defended his decision to intervene in Libya, saying he consulted with Congress and operated within legal guidelines in approving a narrow, U.N.-mandated mission.

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Bill Clinton's group offers recipe for US economy
Wed,29 Jun 2011 01:21 PM PDT
Reuters -

photoCHICAGO (Reuters) - If U.S. banks loaned out their $2 trillion cash hoard, if worker training programs were stepped up and if 3 million job openings were filled, the economic recovery would be far stronger, a panel assembled by former President Bill Clinton said on Wednesday.

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Bachmann says she won't have "mud-wrestling fight" with Palin
Wed,29 Jun 2011 01:05 PM PDT
Reuters -

photoCHARLESTON, South Carolina (Reuters) - Republican presidential hopeful Michele Bachmann said on Wednesday there would be no "mud-wrestling fight" between her and fellow staunch conservative Sarah Palin, with whom she is often compared.

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Justice Stephen Breyer unconcerned on colleague's Tea Party wife
Wed,29 Jun 2011 12:59 PM PDT
Reuters -

photoASPEN, Co. (Reuters) - Virginia Thomas, the wife of Supreme Court Justice Clarence Thomas, has raised concerns with her role in the Tea Party and her lobbyist career, but not for one of his colleagues -- Justice Stephen Breyer.

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Democrats catching up in election spending race
Wed,29 Jun 2011 12:56 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Democrats, badly outspent in congressional elections last year, fired their first shot on Wednesday against conservative groups in the advertising wars running up to the 2012 presidential election.

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U.S. sets sanctions on Syria, Iran over rights abuses
Wed,29 Jun 2011 12:10 PM PDT
Reuters - WASHINGTON (Reuters) - The Treasury Department said on Wednesday it was imposing sanctions against Syria's security forces for human rights abuses and against Iran for supporting the Syrian regime. Full Story1
Obama praises NY gay marriage law, won't endorse it
Wed,29 Jun 2011 11:47 AM PDT
Reuters -

photoWASHINGTON (Reuters) - President Barack Obama on Wednesday praised New York's move to legalize same-sex marriage but stopped short of endorsing it himself, maintaining a stance that has frustrated many liberal supporters.

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Libya actions do not violate War Powers Act: Obama
Wed,29 Jun 2011 09:06 AM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama said Wednesday his administration's actions on Libya do not violate the War Powers Act and that it has consulted repeatedly with Congress on the operation. Full Story1
Obama optimistic on debt deal, end to tax breaks
Wed,29 Jun 2011 09:03 AM PDT
Reuters -

photoWASHINGTON (Reuters) - President Barack Obama pressed his case Wednesday that tax cuts for the wealthiest Americans must be ended as part of a deficit deal, which he said he believed Republicans and Democrats would reach.

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Prioritizing debt payments won't work: Geithner
Wed,29 Jun 2011 08:02 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Treasury Secretary Timothy Geithner warned on Wednesday that "prioritizing" government payments to avoid a debt default would spur deep cuts in other disbursements and still cause investors to shun Treasury securities.

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Analysis: California budget wins approval but no applause
Wed,29 Jun 2011 07:22 AM PDT
Reuters - SACRAMENTO/SAN FRANCISCO (Reuters) - California is taking a first step to shedding its reputation for fiscal sloppiness, adopting an on-time budget for the first time in years. Full Story1
Factbox: Highlights of "Costs of War" research
Wed,29 Jun 2011 04:04 AM PDT
Reuters - NEW YORK (Reuters) - Major findings from the "Costs of War" study on the financial and human costs of U.S. wars in Iraq, Afghanistan and Pakistan since 2001 by the Watson Institute for International Studies at Brown University. Full Story1
California lawmakers OK first bill in budget package
Tue,28 Jun 2011 07:01 PM PDT
Reuters -

photoSACRAMENTO, California (Reuters) - California lawmakers in the state Senate approved on Tuesday evening the first bill in a state budget package that closes a nearly $10 billion shortfall a day after Governor Jerry Brown and top Democrats unveiled the package.

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Palin fuels presidential bid speculation in Iowa
Tue,28 Jun 2011 06:02 PM PDT
Reuters -

photoPELLA, Iowa (Reuters) - Republican Sarah Palin said on Tuesday she is still considering a potential 2012 presidential run, though her daughter said she has already made up her mind and is keeping the decision secret for now.

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U.S., India pledge cooperation on market access
Tue,28 Jun 2011 05:21 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Finance chiefs from the United States and India pledged on Tuesday to deepen efforts to open up India's financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to boost access for American firms.

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White House pressures Republicans over trade deals
Tue,28 Jun 2011 05:16 PM PDT
Reuters - WASHINGTON (Reuters) - The White House on Tuesday made a push to advance long-delayed trade deals with South Korea, Colombia and Panama, challenging Republican lawmakers over a worker retraining program that many of them oppose. Full Story1
Palin fuels presidential bid speculation in Iowa
Tue,28 Jun 2011 04:37 PM PDT
Reuters -

photoPELLA, Iowa (Reuters) - Republican Sarah Palin said on Tuesday she is still studying a potential 2012 presidential run, though her daughter said she has already made up her mind.

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Obama's oil reserves plan took shape in May: official
Tue,28 Jun 2011 04:01 PM PDT
Reuters - WASHINGTON (Reuters) - It was on May 2, the day U.S. oil prices peaked at nearly $115 a barrel, that President Barack Obama put into a motion a controversial plan that would lead to the biggest-ever sale of U.S. emergency oil stocks. Full Story1
White House pressures Republicans over trade deals
Tue,28 Jun 2011 03:42 PM PDT
Reuters - WASHINGTON (Reuters) - The White House on Tuesday made a new push to advance long-delayed trade deals with South Korea, Colombia and Panama, challenging Republican lawmakers over a worker retraining program that many of them oppose. Full Story1
Senate panel approves Libya mission
Tue,28 Jun 2011 03:30 PM PDT
Reuters -

photoWASHINGTON (Reuters) - A U.S. Senate panel on Tuesday approved a resolution formally authorizing continued U.S. participation in the NATO-led military intervention in Libya but banning the introduction of U.S. troops on the ground there.

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California legislators prepare for budget vote
Tue,28 Jun 2011 03:26 PM PDT
Reuters -

photoSACRAMENTO, California (Reuters) - California lawmakers prepared on Tuesday to approve a state budget that closes a nearly $10 billion shortfall a day after Governor Jerry Brown and top Democrats unveiled the package.

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Tax standoff blocks progress in debt talks
Tue,28 Jun 2011 02:05 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating.

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Senate panel to start work on trade deals
Tue,28 Jun 2011 12:35 PM PDT
Reuters - WASHINGTON (Reuters) - The Senate Finance Committee said it will begin long-awaited action on Thursday on three U.S. free-trade agreements with South Korea, Colombia and Panama that have been stalled for years. Full Story1
U.S. sees "progress" after Syria activists meet
Tue,28 Jun 2011 12:09 PM PDT
Reuters - WASHINGTON (Reuters) - The United States said on Tuesday that Syria's move to allow activists to meet to discuss political change was a positive step but that the government needed to do more to launch real reforms. Full Story1
Lieutenant General John Allen backs Obama troop plan
Tue,28 Jun 2011 11:52 AM PDT
Reuters -

photoWASHINGTON (Reuters) - The general poised to take command of Western forces in Afghanistan on Tuesday embraced President Barack Obama's plan to withdraw a third of U.S. troops, saying it can be done without undermining the war effort.

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Factbox: What's on the table in debt talks
Tue,28 Jun 2011 11:35 AM PDT
Reuters - (Reuters) - President Barack Obama and congressional leaders hope to reach a budget deal in the coming weeks that would narrow stubborn budget deficits and extend the country's borrowing authority. Full Story1
State, local budgets closer to recovery: report
Tue,28 Jun 2011 11:26 AM PDT
Reuters - WASHINGTON (Reuters) - State and local governments brought in record first-quarter revenues this year, according to a Census Bureau report released on Tuesday that offered a sign their budget crises may be abating. Full Story1
Senate confirms 3 top Justice Department nominees
Tue,28 Jun 2011 11:06 AM PDT
Reuters - WASHINGTON (Reuters) - The Democratic-led Senate on Tuesday confirmed three of President Barack Obama's senior Justice Department nominees, including long-stalled Deputy Attorney General James Cole, who drew broad Republican opposition. Full Story1
Bachmann facing scrutiny as top-tier candidate
Tue,28 Jun 2011 09:14 AM PDT
Reuters -

photoDES MOINES (Reuters) - Some of the wild statements uttered by Republican presidential hopeful Michele Bachmann are coming back to haunt her now that the Tea Party favorite faces greater scrutiny as a top-tier 2012 candidate.

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