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Jun 28, 2011

BLOOMBERG News, Jun 28, 2011

Pawlenty hits Obama on "Arab spring"
Mon,27 Jun 2011 09:10 PM PDT
Reuters - photoWASHINGTON (Reuters) - Republican presidential candidate Tim Pawlenty will question President Barack Obama's handling of the "Arab spring" movement on Tuesday in what is being billed as a major foreign policy address.

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Christie to sign New Jersey benefits overhaul Tuesday
Mon,27 Jun 2011 08:31 PM PDT
Reuters - photoNEW YORK (Reuters) - New Jersey Governor Chris Christie plans to sign into law on Tuesday a major overhaul of pension and health benefits, a spokesman for the Republican governor said.

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Senate deplores China's use of force at sea
Mon,27 Jun 2011 08:11 PM PDT
Reuters - WASHINGTON (Reuters) - The U.S. Senate unanimously approved a resolution on Monday that deplored China's use of force against Vietnamese and Philippine ships in the South China Sea. Full Story1
Snap Analysis: California Democrats control reform agenda
Mon,27 Jun 2011 07:02 PM PDT
Reuters - SAN FRANCISCO (Reuters) - A budget deal between California's governor and fellow Democrats in control of the state legislature on Monday has left Republicans with little role to play in major reforms. Full Story1
California governor, Democrats OK budget deal
Mon,27 Jun 2011 06:33 PM PDT
Reuters - photoSAN FRANCISCO (Reuters) - California Governor Jerry Brown and Democratic legislative leaders have reached a deal that bypasses Republicans and relies on higher tax revenue forecasts and some spending cuts to close a $10 billion gap.

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Debt deadline unlikely to deviate much: source
Mon,27 Jun 2011 06:18 PM PDT
Reuters - WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner is not expected to significantly shift the August 2 date when the government will have exhausted all of its emergency measures to stave off default, a source familiar with the administration's efforts said on Monday. Full Story1
Geithner eyes India financial reforms, U.S. access
Mon,27 Jun 2011 05:46 PM PDT
Reuters - photoWASHINGTON (Reuters) - India has outgrown its financial system, Treasury Secretary Timothy Geithner said on Monday, calling for cooperation on reforms that would deepen India's capital markets and allow U.S. firms more access to them.

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California governor, Democrats reach budget deal
Mon,27 Jun 2011 03:52 PM PDT
Reuters - photoSAN FRANCISCO (Reuters) - California Governor Jerry Brown and Democratic leaders of the state Senate and Assembly said on Monday that they had reached a budget deal that closes a roughly $10 billion shortfall.

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Obama confident debt deal can be struck
Mon,27 Jun 2011 03:42 PM PDT
Reuters - photoWASHINGTON (Reuters) - President Barack Obama is confident Democrats and Republicans can cut a "significant deal" to trim the U.S. deficit and increase its borrowing limit to avoid a damaging default, the White House said on Monday.

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Geithner: U.S., India not at odds on financial goals
Mon,27 Jun 2011 03:27 PM PDT
Reuters - photoWASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Monday that the United States and India had complementary objectives in developing India's financial markets.

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Democrat Levin will fight Colombia trade deal
Mon,27 Jun 2011 02:00 PM PDT
Reuters - photoWASHINGTON (Reuters) - A leading Democrat in the U.S. House of Representatives said on Monday he will fight a proposed trade pact with Colombia because it is unclear whether labor rights provisions will be enforced.

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Romney to favor business people for cabinet posts
Mon,27 Jun 2011 12:46 PM PDT
Reuters - photoCONCORD, New Hampshire (Reuters) - Mitt Romney, the early front-runner for the Republican presidential nomination, on Monday said he would want people with extensive private sector experience in his Cabinet, defended his work at a private equity firm and touted the need for lower corporate tax rates.

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Clinton calls New York gay marriage vote "historic"
Mon,27 Jun 2011 12:31 PM PDT
Reuters - photoWASHINGTON (Reuters) - Secretary of State Hillary Clinton said on Monday that the New York state legislature's vote to approve same-sex marriage was "historic" and upheld the basic rights of gay people.

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Arrest warrant shows Gaddafi lost legitimacy: U.S.
Mon,27 Jun 2011 11:51 AM PDT
Reuters - photoWASHINGTON (Reuters) - The International Criminal Court's issuance of an arrest warrant for Muammar Gaddafi is another sign the Libyan leader has lost his legitimacy, the White House said on Monday.

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Bachmann launches 2012 presidential bid
Mon,27 Jun 2011 11:24 AM PDT
Reuters - photoWATERLOO, Iowa (Reuters) - Rising Tea Party star Michele Bachmann leaped into the Republican 2012 presidential nomination race on Monday, saying the country cannot afford four more years of President Barack Obama's handling of the economy.

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U.S. urges Cameroon to hold fair election
Mon,27 Jun 2011 11:20 AM PDT
Reuters - photoYAOUNDE (Reuters) - The United States on Monday urged Cameroonian authorities not to stifle the opposition ahead of a presidential poll planned for October.

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White House confident U.S. won't default on debt
Mon,27 Jun 2011 10:44 AM PDT
Reuters - WASHINGTON (Reuters) - The White House on Monday said it remained confident that the United States would not default on its debt. Full Story1
White House confident U.S. won't default on debt
Mon,27 Jun 2011 10:43 AM PDT
Reuters - WASHINGTON (Reuters) - The White House on Monday said it remained confident that the United States would not default on its debt. Full Story1
White House says significant debt deal possible
Mon,27 Jun 2011 10:33 AM PDT
Reuters - photoWASHINGTON (Reuters) - The White House said on Monday that a significant federal deficit-reduction deal was possible this year if negotiators from both parties are willing to compromise.

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Tax code hurts stability: Fed's Kocherlakota
Mon,27 Jun 2011 09:54 AM PDT
Reuters - BIG SKY, Montana (Reuters) - Lawmakers should change the tax code to discourage household and business borrowing that threatens the stability of the financial system, a top Federal Reserve official said on Monday. Full Story1
Factbox: Bachmann enters field of 2012 Republican contenders
Mon,27 Jun 2011 09:50 AM PDT
Reuters - (Reuters) - Congresswoman Michele Bachmann formally announced her 2012 Republican candidacy for president on Monday after emerging from relative obscurity as one of the most energetic hopefuls in the Republican field. Full Story1
Romney and Bachmann lead Iowa poll
Mon,27 Jun 2011 09:36 AM PDT
Reuters - photoDES MOINES, Iowa (Reuters) - Republican front-runner Mitt Romney and U.S. Representative Michele Bachmann led a closely watched presidential poll of Iowa Republicans, the state that holds the first contest in the nomination battle.

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Supreme Court strikes down Arizona campaign finance law
Mon,27 Jun 2011 09:01 AM PDT
Reuters - WASHINGTON (Reuters) - The Supreme Court struck down on Monday an Arizona law that provides additional public money to political candidates for state office who face big-spending opponents, ruling it violated free-speech rights. Full Story1
Hungary intellectuals ask Clinton to defend democracy
Mon,27 Jun 2011 07:15 AM PDT
Reuters - photoBUDAPEST (Reuters) - A group of Hungarian intellectuals have called on Secretary of State Hillary Clinton to speak out against what they called their country's "autocratic system" during her visit to Budapest this week.

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Analysis: Hugs, politics: Michelle Obama's savvy helps husband
Mon,27 Jun 2011 05:01 AM PDT
Reuters - photoWASHINGTON (Reuters) - She does not consider herself a "secret weapon," but Michelle Obama's trip to Africa showed the first lady has sharp political skills that White House aides can exploit to help re-elect her husband.

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New Yorkers celebrate marriage law at Gay Pride Parade
Sun,26 Jun 2011 02:45 PM PDT
Reuters - photoNEW YORK (Reuters) - Two days after the state legalized same-sex marriages, New York's annual Gay Pride Parade seemed more like a brash, colorful wedding procession on Sunday than an annual rally.

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Republican Romney to tap ex-pat wealth in London
Sun,26 Jun 2011 12:14 PM PDT
Reuters - photoBOSTON (Reuters) - Republican presidential hopeful Mitt Romney takes his fund-raising machine to London next month, holding a reception aimed at wealthy American expatriates working at banks and hedge funds.

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Bachmann's campaign tests Tea Party power limits
Sun,26 Jun 2011 10:49 AM PDT
Reuters - photoWASHINGTON (Reuters) - Conservative firebrand Michele Bachmann will test the limits of how far a favorite of the Tea Party movement can go when she formally launches her campaign for the 2012 Republican presidential nomination on Monday.

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Romney and Bachmann lead Iowa poll
Sun,26 Jun 2011 08:35 AM PDT
Reuters - photoDES MOINES, Iowa (Reuters) - Republican front-runner Mitt Romney and U.S. Representative Michele Bachmann led a closely watched presidential poll of Iowa Republicans, the state that holds the first contest in the nomination battle.

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Gingrich defends campaign strategy; criticizes gay marriage
Sat,25 Jun 2011 01:58 PM PDT
Reuters - photoINDIANOLA, Iowa (Reuters) - Republican presidential contender Newt Gingrich on Saturday said the adoption of same-sex marriage in New York showed the nation is "drifting toward a terrible muddle."

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Obama says committed to working to cut debt
Sat,25 Jun 2011 03:05 AM PDT
Reuters - photoWASHINGTON (Reuters) - President Barack Obama said on Saturday he remained committed to working with Congress to find a solution to the government's debt problem, but the focus could not only be on spending cuts.

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Illinois governor signs election law favoring Democrats
Fri,24 Jun 2011 04:41 PM PDT
Reuters - CHICAGO (Reuters) - Illinois Democratic Governor Pat Quinn signed into law on Friday a new congressional district map that could reverse gains Republicans made in the state in 2010 midterm elections. Full Story1
Lawmakers send Obama message of discontent on Libya
Fri,24 Jun 2011 04:39 PM PDT
Reuters - photoWASHINGTON (Reuters) - A move to curb President Barack Obama's military intervention in Libya was defeated in the U.S. House of Representatives on Friday, despite having the support of leaders of the majority Republicans.

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Lawmakers harden positions on taxes, spending
Fri,24 Jun 2011 04:38 PM PDT
Reuters - photoWASHINGTON (Reuters) - Republicans and Democrats dug in their heels Friday as President Barack Obama prepared to wade into a divisive debate over taxes and spending aimed at heading off a default on the U.S. government's debt.

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Oil release not a political move: Geithner
Fri,24 Jun 2011 03:52 PM PDT
Reuters - HANOVER, New Hampshire (Reuters) - U.S. Treasury Secretary Timothy Geithner defended the decision by industrialized nations to release emergency oil reserves into global energy markets, saying on Friday that it was not a political move. Full Story1
Europe must do more on debt crisis: Geithner
Fri,24 Jun 2011 02:58 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that Europe needs to step up efforts to deal with the debt crisis in Greece and other parts of the continent. Full Story1
Treasury's Geithner: Oil release not political move
Fri,24 Jun 2011 02:12 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that the decision by the international community to release government oil reserves was not a political move. Full Story1
U.S., South Korea to keep pressure on Pyongyang
Fri,24 Jun 2011 01:57 PM PDT
Reuters - WASHINGTON (Reuters) - The United States and South Korea on Friday signaled they would not ease pressure on North Korea's government, saying Pyongyang must show it had changed its ways before resumption of stalled nuclear talks could take place. Full Story1
U.N. council voices "grave concern" about Yemen
Fri,24 Jun 2011 01:46 PM PDT
Reuters - UNITED NATIONS (Reuters) - The U.N. Security Council on Friday voiced its "grave concern" at the situation in Yemen, ending months of disagreement that had prevented the 15-nation body from speaking unanimously on the unrest there. Full Story1
Geithner says economic weakness mostly temporary
Fri,24 Jun 2011 01:30 PM PDT
Reuters - WASHINGTON (Reuters) - Around two-thirds of recent softness in the U.S. economy can be attributed to temporary factors such as higher energy costs and Japan's earthquake, Treasury Secretary Timothy Geithner told CNBC on Friday. Full Story1


 
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