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Aug 10, 2011

BLOOMBERG News, Aug 10, 2011

Wisconsin Republicans hang on in recall elections
Tue,9 Aug 2011 10:47 PM PDT
Reuters -
photoMILWAUKEE (Reuters) - Republicans appeared to narrowly retain their majority in the Wisconsin state Senate on Tuesday, staving off a strong recall election challenge from Democrats and union members angered by a new law curbing the power of organized labor.

Health spending more complex than Medicare shows
Tue,9 Aug 2011 09:13 PM PDT
Reuters - WASHINGTON (Reuters) - Communities known for paying the most on healthcare may not be spending as much as once thought, according to new data released on Wednesday. Full Story

U.S. presses Vietnam ahead of ASEAN meeting
Tue,9 Aug 2011 07:55 PM PDT
Reuters - WASHINGTON (Reuters) - A top U.S. trade official on Tuesday said he urged Vietnam to undo a number of trade-restrictive policies aimed at curbing inflation and reducing the country's current account deficit. Full Story

Factbox: Top contenders for deficit super committee
Tue,9 Aug 2011 07:12 PM PDT
Reuters - (Reuters) - Three Senate Democrats -- Max Baucus, John Kerry and Patty Murray -- were named by Senate Democratic Leader Harry Reid on Tuesday to serve on a 12-member "super committee" being set up to address deficit issues. Full Story

Senate's Baucus in deficit super committee trio
Tue,9 Aug 2011 07:12 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Max Baucus, the Senate's top tax legislator, was named Tuesday to serve on a deficit reduction super committee, possibly boosting prospects for serious tax and entitlement reform.

Factbox: Top contenders for deficit super committee
Tue,9 Aug 2011 04:38 PM PDT
Reuters - (Reuters) - Three Senate Democrats -- Max Baucus, John Kerry and Patty Murray -- were named by Senate Democratic Leader Harry Reid on Tuesday to serve on a 12-member "super committee" being set up to address deficit issues. Full Story

Senate Democrats urge FAA bill settlement
Tue,9 Aug 2011 04:34 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Democrats on Tuesday urged Republicans in the House of Representatives to begin "serious negotiations" on an aviation funding bill that they said could help the struggling U.S. economy. Full Story

Senate's Baucus in deficit super committee trio
Tue,9 Aug 2011 04:03 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Max Baucus, the top tax legislator in the Senate, was named on Tuesday to serve on a deficit reduction super committee, possibly boosting prospects for serious tax and entitlement reform.

Obama pays respects, questions remain in Afghan crash
Tue,9 Aug 2011 03:04 PM PDT
Reuters -
photoDOVER AIR FORCE BASE, Delaware (Reuters) - President Barack Obama honored 30 U.S. soldiers killed in a helicopter crash in Afghanistan as their remains returned home Tuesday in a private ceremony from which the media were barred.

Factbox: Wisconsin Senate recall elections
Tue,9 Aug 2011 02:50 PM PDT
Reuters - (Reuters) - Wisconsin voters are going to the polls on Tuesday to vote in six state Senate recall elections stemming from the uproar earlier this year over Republican efforts to curb the powers of public sector unions. Full Story

U.S. requests panel to decide Guatemala labor case
Tue,9 Aug 2011 02:28 PM PDT
Reuters - WASHINGTON (Reuters) - The United States said on Tuesday it was requesting a dispute settlement panel to hear its year-old complaint that Guatemala has failed to protect workers' rights as required under a free-trade agreement. Full Story

From D.C., a push for safer chemical plants
Tue,9 Aug 2011 02:19 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Chemical makers must do more to prevent careless oversights that have led to a recent increase in fatal errors, the head of a key oversight panel said.

Obama car czar Bloom to step down end-August
Tue,9 Aug 2011 01:18 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama's top manufacturing adviser Ron Bloom will step down at the end of August, the White House said on Tuesday.

Senate Democrats urge FAA bill settlement
Tue,9 Aug 2011 12:52 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Democrats on Tuesday urged Republicans in the House of Representatives to begin "serious negotiations" on an aviation funding bill that they said could help the struggling economy. Full Story

Analysis: For unions, state votes may point way for 2012
Tue,9 Aug 2011 12:06 PM PDT
Reuters - WASHINGTON (Reuters) - Labor unions and their Republican opponents are pouring record amounts of cash into state ballot fights over workers' rights this year that could shape the political agenda in the 2012 election. Full Story

Geithner, China's Wang discuss markets and global economy
Tue,9 Aug 2011 09:43 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Treasury Secretary Timothy Geithner discussed the global economy and the state of financial markets on Tuesday with his Chinese counterpart, Vice Premier Wang Qishan, the Treasury said.

Factbox: Republicans who may take on Obama in 2012
Tue,9 Aug 2011 08:08 AM PDT
Reuters - (Reuters) - Republican presidential hopefuls converge on Iowa this week for a debate and a straw poll that could be a make-or-break test of strength for struggling candidates. Full Story

Iowa takes Republican spotlight as Rick Perry looms
Tue,9 Aug 2011 07:48 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican presidential hopefuls will swarm Iowa this week for a debate and a straw poll that could be a make-or-break test of strength for struggling candidates like Tim Pawlenty.

Q+A: What is Fed weighing as it mulls more easing?
Tue,9 Aug 2011 06:43 AM PDT
Reuters - WASHINGTON (Reuters) - The Federal Reserve is considering renewed efforts to boost growth should the weak U.S. economic recovery and high unemployment take a turn for the worse. Full Story

Obama says he inherited economic problems
Mon,8 Aug 2011 06:03 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Monday he inherited many of the country's problems with high debt and deficits when he entered the White House, sounding a theme likely to dominate his 2012 re-election campaign.

Court allows torture lawsuit against Rumsfeld
Mon,8 Aug 2011 04:30 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Two American men can go ahead with a civil lawsuit against former Defense Secretary Donald Rumsfeld, an appeals court said Monday, over allegations they were tortured in Iraq at the hands of the U.S. military.

Senate panel reviewing S&P downgrade
Mon,8 Aug 2011 04:11 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The Senate Banking committee has begun looking into last week's decision by Standard and Poor's to downgrade the U.S. credit rating, a committee aide told Reuters on Monday.

photoOTTAWA/TORONTO (Reuters) - Canada has some lessons for the United States in terms of slashing deficits and winning top tier ratings back, but there are deep differences between the two countries in terms of what might work.

No media coverage of returning U.S. troop remains
Mon,8 Aug 2011 03:53 PM PDT
Reuters - WASHINGTON (Reuters) - The Pentagon said Monday that news media will not be able to cover the return of the remains of 30 U.S. troops killed when militants shot down their helicopter in Afghanistan over the weekend. Full Story

Factbox: How Canada tamed its budget deficit
Mon,8 Aug 2011 03:29 PM PDT
Reuters - (Reuters) - Canada took a decade to win back its prized AAA rating after debt downgrades in the early 1990s that were prompted by concern that its budget deficit was billowing out of control. Full Story

Factbox: What they said on Canada's deficit slaying efforts
Mon,8 Aug 2011 03:29 PM PDT
Reuters - (Reuters) - Canada took a decade to win back its prized AAA rating after debt downgrades in the early 1990s. Full Story

Governor Rick Perry to drop strong 2012 hint
Mon,8 Aug 2011 02:53 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Rick Perry will signal plans to seek the 2012 Republican presidential nomination at an event in South Carolina on Saturday, Republicans familiar with the plans said on Monday.

Factbox: Top contenders for deficit super committee
Mon,8 Aug 2011 02:28 PM PDT
Reuters - (Reuters) - Here are U.S. lawmakers seen by analysts and congressional aides as some of the front-runners for selection to a 12-member "super committee" being set up to address budget and tax issues. Full Story

Obama to offer states waivers on school-aid law
Mon,8 Aug 2011 01:57 PM PDT
Reuters - WASHINGTON (Reuters) - The Obama administration will allow U.S. states to opt out of some of the No Child Left Behind education law because Congress has failed to reform the controversial program, two senior officials said on Monday. Full Story

Obama says U.S. is still a AAA country
Mon,8 Aug 2011 11:39 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.

Downgrade raises stakes for deficit super panel
Mon,8 Aug 2011 10:26 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Shaken by a historic debt downgrade, markets looked for signs that a congressional deficit reduction "super committee" would produce a fiscal policy breakthrough, but they were likely to be disappointed.

Congressman subpoenas NLRB documents in Boeing case
Mon,8 Aug 2011 09:05 AM PDT
Reuters - CHICAGO (Reuters) - House Oversight Committee Chairman Darrell Issa on Monday issued a subpoena to the National Labor Relations Board for documents pertaining to the board's complaint that Boeing Co put a non-union factory in South Carolina to punish unionized workers in Washington. Full Story

American estate-tax crusader sees a good fight ahead
Mon,8 Aug 2011 04:18 AM PDT
Reuters - CHAPEL HILL, North Carolina (Reuters) - It has been a good year for Dick Patten, the leading opponent of estate taxes in the United States. A bill to end federal estate tax is taking shape on Capitol Hill. Victories in the states are adding momentum to the fight he leads through his Washington-based lobbying group, the American Family Business Institute. Full Story

Former Sen. Hatfield, anti-war Republican, dies
Sun,7 Aug 2011 10:22 PM PDT
Reuters - PORTLAND, Ore (Reuters) - Former Senator Mark Hatfield, a liberal anti-war Republican from Oregon, died on Sunday at age 89. Full Story

White House: Obama asked Geithner to stay at Treasury
Sun,7 Aug 2011 12:08 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama asked Treasury Secretary Timothy Geithner to remain in his post and is pleased that he has decided to do that, the White House said on Sunday.

Analysis: FAA showdown on spending presages larger fight
Sun,7 Aug 2011 09:25 AM PDT
Reuters -
photoWASHINGTON (Reuters) - A deal in Congress to end a two-week standoff over U.S. aviation funding presaged a larger and more acrimonious fight over labor unions, financing air traffic modernization and other issues this fall.

Analysis: Economy dealing blow to Obama's 2012 hopes
Sun,7 Aug 2011 06:04 AM PDT
Reuters -
photoWASHINGTON (Reuters) - With every gloomy economic report, debt crisis and mood swing on Wall Street, President Barack Obama's fight for re-election in 2012 gets a little tougher.

Q+A: S&P's downgrade of the United States
Sat,6 Aug 2011 11:25 PM PDT
Reuters - NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country. Full Story

Republican Perry offers prayer for America at rally
Sat,6 Aug 2011 03:22 PM PDT
Reuters -
photoHOUSTON (Reuters) - Texas Governor Rick Perry, expected to enter the Republican race for the White House within weeks, offered a prayer for America on Saturday at a controversial religious rally that put the spotlight on his Christian faith.

Wisconsin recall votes may impact 2012 election
Sat,6 Aug 2011 11:56 AM PDT
Reuters - CHICAGO (Reuters) - Months of political rancor come to a head on Tuesday when Wisconsin holds recall votes seen as a referendum on the Republican governor's fight against unions and a possible pointer for the 2012 presidential election. Full Story


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