Mon,11 Jul 2011 10:08 PM PDT
Reuters -
WASHINGTON (Reuters) - President Barack Obama and Republican leaders have been mired in a dispute over taxes as they try to avert a looming debt default, but a deal is possible that would allow both sides to declare victory. Boeing tanker strategy shifts $600 million to taxpayer Mon,11 Jul 2011 08:31 PM PDT Reuters - WASHINGTON (Reuters) - Boeing Co's winning bid for the U.S. Air Force's fiercely contested tanker development deal means it likely will show no profit in the program's first phase and shift $600 million in development costs to taxpayers, new government figures showed. Full Story |
U.S. aid cut to Pakistan could hurt economy Mon,11 Jul 2011 02:51 PM PDT Reuters - ISLAMABAD (Reuters) - A U.S. decision to suspend $800 million in military aid will not affect Pakistani army operations, a Pakistani military spokesman said on Monday. But analysts say the move is likely to fray ties and could harm the country's economy. Full Story |
 NEW YORK (Reuters) - New Jersey's Democrat-controlled state legislature on Monday tried and failed to reverse 15 vetoes that were part of Republican Governor Chris Christie's enacted 2012 budget. |
 WASHINGTON (Reuters) - A top U.S. business leader said on Monday he expected President Barack Obama to formally submit free trade pacts with South Korea, Colombia and Panama to Congress in coming days and urged their quick approval. |
 WASHINGTON (Reuters) - Speaker of the House of Representatives John Boehner pushed for immediate spending cuts at Monday's debt-reduction meeting with President Barack Obama and fellow congressional leaders, a Republican aide said. |
 BAGHDAD (Reuters) - The United States will take unilateral action when needed to deal with the threat to American troops in Iraq from Shi'ite militias armed by Iran, Secretary of Defense Leon Panetta said Monday. |
U.S. aid cut to Pakistan could hurt economy Mon,11 Jul 2011 11:21 AM PDT Reuters - ISLAMABAD (Reuters) - A U.S. decision to suspend $800 million in military aid will not affect Pakistani army operations, a Pakistani military spokesman said on Monday. But analysts say the move is likely to fray ties and could harm the country's economy. Full Story |
 WASHINGTON (Reuters) - Congress should permanently extend increased loan limits on mortgages backed by Fannie Mae and Freddie Mac that are set to expire, the top Democrat of the House Financial Services Committee said on Monday. |
 WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor said on Monday he was hopeful that both sides could come together on a bipartisan deal to reduce the U.S. debt but said he still opposed any increase in taxes in 2013. |
Obama expects debt ceiling deal by August 2 deadline Mon,11 Jul 2011 08:59 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Monday said he expects to have a deal to raise the debt ceiling by an August 2 deadline but noted that there is "a lot of work" to get Democrats on board as well as Republicans. Full Story |
Obama rejects any short-term deal on debt ceiling Mon,11 Jul 2011 08:26 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama said on Monday that he would refuse to consider a short-term stop gap measure to raise the debt ceiling. Full Story |
Factbox: What's on the table in debt talks Mon,11 Jul 2011 08:23 AM PDT Reuters - (Reuters) - President Barack Obama and congressional leaders resume their White House talks on Monday to see if they have the makings of a deal to trim budget deficits and avert a looming default. Full Story |
 WASHINGTON (Reuters) - John Boehner, the top Republican in Congress, told White House talks on Sunday that budget cuts must exceed the amount by which the debt ceiling is raised and said any deal must exclude tax hikes. |
U.S. sticks to guns on ousting Libya's Gaddafi Sun,10 Jul 2011 02:17 PM PDT Reuters - WASHINGTON (Reuters) - The United States remains firm that Libyan leader Muammar Gaddafi must give up his 41-year rule, the State Department said on Sunday, after France's defense minister advocated a compromise with Libyan rebels. Full Story |
Showdown looming on Korea trade without deal soon Sun,10 Jul 2011 12:18 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama appears headed toward a fight with Republicans over a long-delayed trade deal with U.S. ally South Korea, even though both sides say they want it to pass Congress. Full Story |
U.S. accuses Syria of stirring protest outside embassy Sun,10 Jul 2011 12:09 PM PDT Reuters - WASHINGTON (Reuters) - The United States accused Syria of having organized an angry 31-hour protest outside the U.S. Embassy in Damascus over the weekend while the U.S. ambassador told the foreign minister that such anti-American "incitement" must stop. Full Story |
 WASHINGTON (Reuters) - President Barack Obama's top counter-terrorism official, John Brennan, urged Yemen President Ali Abdullah Saleh on Sunday to sign a transition plan that will lead to Saleh's departure. |
 WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner warned on Sunday that failure to raise the debt ceiling by August 2 could mean "catastrophic damage" to the economy, and an agreement must be reached. |
 WASHINGTON (Reuters) - Senate Republican leader Mitch McConnell said on Sunday he believed a broad $4 trillion deficit-reduction plan was off the table as part of a deal to raise the debt ceiling. |
 WASHINGTON (Reuters) - Tea Party movement-backed lawmakers have marched in lockstep toward the goal of shrinking the government but that unity dissolves when it comes to America's role in the world. |
 BEIJING (Reuters) - The United States is committed to maintaining its military presence in Asia, its top military official said in China Sunday, adding that Washington was worried disputes in the resource-rich South China Sea could lead to serious conflict. |
 WASHINGTON (Reuters) - President Barack Obama granted U.S. recognition of South Sudan as an independent state after it formally seceded from the north on Saturday. |
 WASHINGTON (Reuters) - As a freshman senator, Republican Pat Toomey punches above his weight in the high-stakes fight over increasing the U.S. debt limit. |
Obama taps insider as fossil energy chief Fri,8 Jul 2011 08:13 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama has tapped the current chief operating officer at the Energy Department's office of fossil energy to lead the unit as assistant secretary. Full Story |
NY and Connecticut governors push unions on layoffs Fri,8 Jul 2011 04:33 PM PDT Reuters - NEW YORK (Reuters) - Though the governors of New York and Connecticut parted company on some of their budget-fixing strategies, both Democrats are still struggling to persuade their unionized workers to accept cuts. Full Story |
 WASHINGTON (Reuters) - Limiting the tax break for employer-provided health insurance became a bargaining chip on Friday in congressional negotiations to beat an August 2 deadline for averting a U.S. default. |
U.S. considers removing all tariffs for poor nations Fri,8 Jul 2011 11:45 AM PDT Reuters - WASHINGTON (Reuters) - The U.S. government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world's least-developed countries (LDCs). Full Story |
 WASHINGTON (Reuters) - Friday's bleak unemployment report boosts Republicans hoping to oust President Barack Obama from the White House next year, but translating a difficult economy into election results will not be easy. |
House approves $649 billion for defense in 2012 Fri,8 Jul 2011 11:03 AM PDT Reuters - WASHINGTON (Reuters) - A $649 billion defense spending bill for next year easily passed the House of Representatives on Friday after four days of debate in which war-weary lawmakers sought to curb President Barack Obama's combat operations in Afghanistan and Libya. Full Story |
Democrats back power to block state consumer laws Fri,8 Jul 2011 09:33 AM PDT Reuters - WASHINGTON (Reuters) - Two Democratic senators are defending a top U.S. regulator's power to shield the nation's largest banks from certain state consumer financial laws. Full Story |
 WASHINGTON (Reuters) - President Barack Obama cited gloomy jobs numbers as one more reason lawmakers must strike a deal soon to raise the debt limit, saying the impasse was fueling uncertainty within financial markets and in the business sector. |
 CHARLESTON, South Carolina (Reuters) - Tea party kingmaker Senator Jim DeMint said he will use a new book about his lonely campaign to cut government spending and reduce the size of government as a tool to recruit more Americans to his cause. |
Minnesota shutdown, impasse draws debt downgrade Thu,7 Jul 2011 05:45 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's government shutdown reached a seventh day on Thursday with no end in sight, and a major debt rating agency stripped the state of its AAA bond rating, citing the budget battle as a reason. Full Story |
 BEIJING (Reuters) - China's Foreign Ministry warned U.S. officials on Thursday not to meet with visiting exiled spiritual leader the Dalai Lama, saying it hoped Washington "appropriately dealt" with Tibet-related issues. |
Minnesota shutdown, impasse draws debt downgrade Thu,7 Jul 2011 04:10 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's government shutdown reached a seventh day on Thursday with no end in sight, and a major debt rating agency stripped the state of its AAA bond rating citing the budget battle as a reason. Full Story |
New York governor pressures union with more layoffs Thu,7 Jul 2011 03:46 PM PDT Reuters - NEW YORK (Reuters) - New York Governor Andrew Cuomo ramped up the pressure on union officials to concede hundreds of millions of dollars in savings on Thursday with the delivery of layoff notices to more than 300 state workers. Full Story |
California credit outlook revised to stable by S&P Thu,7 Jul 2011 03:45 PM PDT Reuters - NEW YORK (Reuters) - Standard & Poor's revised California's credit outlook to stable on Thursday, one of the first significant pieces of good news for U.S. state and local governments as they work their way out of the Great Recession. Full Story |
US trade bills advance but clash clouds future Thu,7 Jul 2011 03:43 PM PDT Reuters - WASHINGTON (Reuters) - U.S. trade deals with South Korea, Colombia and Panama cleared initial hurdles in Congress on Thursday, but a party-line clash over a program to help workers displaced by trade threatened future action. Full Story |
Analysis: Taxes only symbolic in debt talks so far Thu,7 Jul 2011 02:18 PM PDT Reuters - WASHINGTON (Reuters) - Symbolic gestures and agreements in principle, but not substantive reforms, are likely to be the main tax policy result of urgent talks about raising the U.S. debt ceiling. Full Story |
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