Today: BLOOMBERG News, Aug 12, 2011

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Aug 12, 2011

BLOOMBERG News, Aug 12, 2011

Bachmann, Pawlenty clash in heated debate
Thu,11 Aug 2011 10:55 PM PDT
Reuters -
photoAMES, Iowa (Reuters) - U.S. Republicans Michele Bachmann and Tim Pawlenty clashed repeatedly over their records during a presidential debate on Thursday, two days before they vie for conservative support in a straw poll that could make or break their campaigns.

photoWASHINGTON (Reuters) - The Pacific Rim is unlikely to bear the brunt of U.S. plans to cut $350 billion in security spending, but the prospect of decreased American military outlays has nonetheless prompted soul searching in a vital region where China is rapidly expanding its forces.

Factbox: Five keys to the Republican debate in Iowa
Thu,11 Aug 2011 08:52 PM PDT
Reuters - (Reuters) - Eight Republican presidential hopefuls will debate in Iowa Thursday, hoping to generate momentum two days before a closely watched straw poll that will test their campaigns' strength. Full Story

Stephen Colbert aims comedic political ad at Iowa
Thu,11 Aug 2011 07:41 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - Comedian Stephen Colbert is putting his political action committee cash to work with advertisements that mockingly endorse Texas Governor Rick Perry ahead of an Iowa straw poll this week on the other Republican presidential hopefuls.

Factbox: U.S. health and defense industries' lobbying clout
Thu,11 Aug 2011 05:53 PM PDT
Reuters - (Reuters) - The health and defense industries are readying for battle as a bipartisan committee determines how to trim $1.5 trillion from the federal budget over the next 10 years. Full Story

House Democrats tap 3 for deficit super committee
Thu,11 Aug 2011 03:43 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Democrats named three loyal party lieutenants to a deficit reduction "super committee" on Thursday, charting what could be a path to partisan deadlock with all 12 members now appointed.

Factbox: Top campaign donors to super committee members
Thu,11 Aug 2011 03:43 PM PDT
Reuters - WASHINGTON (Reuters) - Here is a look at some of the top donors to election campaigns for the 12 members of the U.S. Congress named to a deficit-fighting "super committee." Full Story

Consumer advocate Warren to decide Senate run soon
Thu,11 Aug 2011 03:35 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Former Obama administration official Elizabeth Warren will make a decision after Labor Day on whether to run for the U.S. Senate in Massachusetts against Republican incumbent Scott Brown, a Massachusett Democrat assisting her said on Thursday.

Some Pawlenty donors start to doubt 2012 campaign
Thu,11 Aug 2011 03:18 PM PDT
Reuters -
photoMINNEAPOLIS/WASHINGTON (Reuters) - As his campaign for U.S. president fails to take flight, some donors to Republican hopeful Tim Pawlenty are having second thoughts.

Obama vows new ideas to boost jobs, slams Congress
Thu,11 Aug 2011 03:15 PM PDT
Reuters -
photoHOLLAND, Michigan (Reuters) - President Barack Obama sought to reassert economic leadership on Thursday by pledging to deliver new ideas every week to create jobs, and he slammed Congress for "bickering" that hurts economic recovery.

Factbox: U.S. health and defense industries' lobbying clout
Thu,11 Aug 2011 01:43 PM PDT
Reuters - (Reuters) - The health and defense industries are readying for battle as a bipartisan committee determines how to trim $1.5 trillion from the federal budget over the next 10 years. Full Story

Analysis: Health and defense lobby groups ready for super fight
Thu,11 Aug 2011 01:02 PM PDT
Reuters - WASHINGTON (Reuters) - With as much as $1.5 trillion in federal funds hanging in the balance, the mammoth healthcare and defense industries are scrambling to lobby a special congressional committee tasked with slashing the deficit -- but in markedly different ways. Full Story

Factbox: Five keys to the US Republican debate in Iowa
Thu,11 Aug 2011 12:21 PM PDT
Reuters - (Reuters) - Eight Republican presidential hopefuls will debate in Iowa Thursday, hoping to generate momentum two days before a closely watched straw poll that will test their campaigns' strength. Full Story

Obama: European debt woes hitting shores
Thu,11 Aug 2011 12:13 PM PDT
Reuters -
photoHOLLAND, Michigan (Reuters) - President Barack Obama said on Thursday that Europe's debt problems were "lapping up on our shores."

Analysis: Medicaid cuts may limit care for new 2014 enrollees
Thu,11 Aug 2011 11:59 AM PDT
Reuters - WASHINGTON (Reuters) - Three years before Medicaid is due to cover millions of uninsured Americans, state funding cuts may be undermining how much care the government-run health insurance program for the poor will offer new enrollees. Full Story

Wider trade gap could propel China currency bill
Thu,11 Aug 2011 11:53 AM PDT
Reuters - WASHINGTON (Reuters) - New government data on Thursday showing the U.S. trade gap with China grew nearly 12 percent in the first half of 2011 is likely to fuel efforts in Congress to get tough with China's currency practices. Full Story

Republican donors hedging 2012 election bets
Thu,11 Aug 2011 11:50 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Hundreds of Republican donors, including some party kingmakers, are hedging their bets by donating to more than one presidential candidate, reflecting the instability of the field looking to unseat President Barack Obama in 2012.

Republicans to debate in Iowa ahead of straw poll
Thu,11 Aug 2011 11:11 AM PDT
Reuters -
photoAMES, Iowa (Reuters) - Eight Republican White House hopefuls meet in a nationally televised debate Thursday, hoping to generate momentum two days before an Iowa straw poll that will test the strength of their campaigns.

West's indifference could condemn Bosnia anew
Thu,11 Aug 2011 03:47 AM PDT
Reuters - SARAJEVO (Reuters) - A lack of U.S. and European interest in Bosnia may embolden Serb and Croat separatist plans and result in the eventual disintegration of the fragile Balkan country, a former U.S. diplomat said. Full Story

Romney, on rare visit to Iowa, rips Obama on economy
Wed,10 Aug 2011 06:24 PM PDT
Reuters -
photoPELLA, Iowa (Reuters) - Mitt Romney, on a rare visit to Iowa on Wednesday, said Americans were "fearful, but not panicked" about the economy and predicted voters would deny President Barack Obama a second term for his economic failures.

Presidential hopeful Huntsman says Obama out of ideas
Wed,10 Aug 2011 01:37 PM PDT
Reuters -
photoMIAMI (Reuters) - Republican presidential contender Jon Huntsman pilloried President Barack Obama on Wednesday, saying his former boss was "out of ideas" about ways to shore up the sagging economy and create more jobs.

Obama to meet Bernanke on economy later Wednesday
Wed,10 Aug 2011 01:16 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama will meet with Federal Reserve Chairman Ben Bernanke to discuss the economy later on Wednesday, the White House said.

Republican tax hardliners on debt super panel
Wed,10 Aug 2011 11:31 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Republicans named their six members Wednesday to a congressional deficit-reduction super committee, including a favorite of the conservative Tea Party movement and other no-new-taxes hardliners.

White House says watching Syria "with horror"
Wed,10 Aug 2011 10:27 AM PDT
Reuters -
photoWASHINGTON (Reuters) - International criticism is growing against Syrian President Bashar al-Assad because of his "heinous actions," White House spokesman Jay Carney said on Wednesday.

Health spending more complex than Medicare shows
Wed,10 Aug 2011 07:42 AM PDT
Reuters -
photoWASHINGTON (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.

Analysis: Under fire, Obama struggles to instill confidence
Wed,10 Aug 2011 05:46 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama is getting hammered on all sides for a stumbling U.S. economy and his uneven response to it, raising pressure on him to take steps to create jobs or risk being ousted in next year's election.

Russia draws up tit-for-tat U.S. visa bans: report
Wed,10 Aug 2011 03:15 AM PDT
Reuters -
photoMOSCOW (Reuters) - Russia has drawn up a list of U.S. officials to be barred from entering the country in response to U.S. visa restrictions imposed on Russian officials over the death of a lawyer, a newspaper reported on Wednesday.

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

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.


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