Friday, August 26, 2011

Daily News Digest: Politics - Bloomberg News Headlines - Yahoo! News

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Friday, August 26, 2011 12:09 AM PDT
Today's Politics - Bloomberg News Headlines - Yahoo! News:
China denounces U.S. report, defend military upgrade
Thu,25 Aug 2011 09:47 PM PDT
Reuters - BEIJING (Reuters) - China denounced on Friday a Pentagon report that warned its military modernization could destabilize the region, saying the U.S. military's annual assessment of Beijing's armed forces indulged in exaggeration and "groundless suspicion." Full Story
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Rick Perry labels Washington "a seedy place"
Thu,25 Aug 2011 07:32 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Republican presidential candidate Rick Perry on Thursday described Washington as "a seedy place" while defending what he said was his manner of speaking plainly.


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Bullard sees Fed portfolio tweak as ineffective
Thu,25 Aug 2011 05:24 PM PDT
Reuters -

photoJACKSON HOLE, Wyoming (Reuters) - A bid by the U.S. Federal Reserve to lower long-term interest rates further by rebalancing its portfolio would probably not have much impact, a top Fed official said on Thursday.


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Bullard sees Fed portfolio tweak as ineffective
Thu,25 Aug 2011 04:32 PM PDT
Reuters -

photoJACKSON HOLE, Wyoming (Reuters) - A bid by the U.S. Federal Reserve to lower long-term interest rates further by rebalancing its portfolio would probably not have much impact, a top Fed official said on Thursday.


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Buffett to host Obama election campaign fundraiser
Thu,25 Aug 2011 04:20 PM PDT
Reuters -

photoCHICAGO (Reuters) - Billionaire investor and philanthropist Warren Buffett will boost President Barack Obama's re-election bid next month by appearing at a New York fundraiser that will charge as much as $35,800 per guest, the Obama campaign said on Thursday.


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Ex-presidential hopeful Edwards wants charges dropped
Thu,25 Aug 2011 02:16 PM PDT
Reuters - WASHINGTON (Reuters) - Former presidential hopeful John Edwards plans to ask a judge to dismiss charges over alleged illegal campaign contributions because of problems with the grand jury that indicted him, among other reasons. Full Story
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Analysis: Romney's play-it-safe strategy at risk
Thu,25 Aug 2011 01:49 PM PDT
Reuters -

photoBOSTON (Reuters) - Republican presidential hopeful Mitt Romney is running a disciplined campaign focused on slamming President Barack Obama and promoting his own skills, but pressure could mount for a more aggressive approach as his poll numbers worsen.


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U.S. distances itself and NATO from Gaddafi manhunt
Thu,25 Aug 2011 12:43 PM PDT
Reuters - WASHINGTON (Reuters) - The United States on Thursday distanced itself from efforts to hunt down Libyan leader Muammar Gaddafi, saying neither U.S. assets nor NATO forces were targeting the fugitive strongman. Full Story
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Bachmann sticks to strategy in campaign fight
Thu,25 Aug 2011 12:36 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Republican presidential candidate Michele Bachmann's strategy for dealing with rival contender Rick Perry is: do more of the same and bank on a misstep by the Texas governor.


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New Condoleezza Rice memoir to address Iraq, Afghanistan
Thu,25 Aug 2011 10:34 AM PDT
Reuters -

photoNEW YORK (Reuters) - Condoleezza Rice will release a follow-up memoir on November 1 that promises to address her top political roles and give new details about the contentious debates in the lead up to the wars in Afghanistan and Iraq.


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Dick Cheney had secret resignation letter
Wed,24 Aug 2011 03:17 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Former Vice President Dick Cheney signed a secret resignation letter shortly after taking office in 2001 and kept it in a safe, according to an excerpt of an NBC interview released on Wednesday.


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Factbox: Pentagon details China's military expansion
Wed,24 Aug 2011 03:16 PM PDT
Reuters - (Reuters) - The Pentagon said on Wednesday that China was on track to forge a modern military by 2020, a rapid buildup that could be potentially destabilizing to the Asia-Pacific region. Full Story
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China on track for modern military by 2020: Pentagon
Wed,24 Aug 2011 03:16 PM PDT
Reuters -

photoWASHINGTON (Reuters) - China appears on track to forge a modern military by 2020, a rapid buildup that could be potentially destabilizing to the Asia-Pacific region, the Pentagon said on Wednesday.


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Obama administration seeks stay of Alabama immigration law
Wed,24 Aug 2011 02:26 PM PDT
Reuters - BIRMINGHAM, Ala (Reuters) - Lawyers for the Obama administration and other groups asked a federal judge on Wednesday to temporarily block Alabama's immigration law, widely seen as the toughest state measure on illegal immigration in the country. Full Story
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Federal government attorneys fight Alabama immigration law
Wed,24 Aug 2011 01:24 PM PDT
Reuters - BIRMINGHAM, Alabama (Reuters) - Lawyers for the Obama administration asked a federal judge Wednesday to temporarily block Alabama's immigration law, widely seen as the toughest state measure on illegal immigration in the country. Full Story
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Pentagon believes Gaddafi still in Libya: spokesman
Wed,24 Aug 2011 08:31 AM PDT
Reuters -

photoWASHINGTON (Reuters) - The United States believes that Libyan leader Muammar Gaddafi is still in Libya, Pentagon spokesman Colonel Dave Lapan said on Wednesday.


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Insight: U.S. gets rare chance to size up China's next leader
Wed,24 Aug 2011 04:46 AM PDT
Reuters -

photoCHENGDU, China (Reuters) - Before Joe Biden left China this week, the last thing Vice President Xi Jinping told him over dinner was simple: he wants to be friends.


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Pataki to visit Iowa ahead of possible 2012 bid
Tue,23 Aug 2011 03:20 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Former New York Governor George Pataki plans to visit Iowa on Saturday as speculation mounts that he will jump into the race for the 2012 Republican presidential nomination.


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Former Pennsylvania powerbroker to be resentenced
Tue,23 Aug 2011 02:42 PM PDT
Reuters - NEW YORK (Reuters) - A federal appeals court on Tuesday ordered the resentencing of a former Pennsylvania state senator, saying the trial judge erred in his calculations in sentencing of the once powerful former politician. Full Story
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White House: regulatory trim to save over $10 billion
Tue,23 Aug 2011 10:53 AM PDT
Reuters - VINEYARD HAVEN, Massachusetts (Reuters) - The White House said on Tuesday that federal regulatory cuts would save Washington more than $10 billion over five years, but business groups warned that companies could face more costs from new rules in the pipeline. Full Story
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Obama speaks to Sarkozy about Libya, economy
Tue,23 Aug 2011 10:20 AM PDT
Reuters -

photoEDGARTOWN, Massachusetts (Reuters) - President Barack Obama spoke with his French counterpart, Nicolas Sarkozy, on Tuesday about the situation in Libya, the global economy and recent developments in financial markets, the White House said.


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Mississippi voters to pick Democratic governor nominee
Tue,23 Aug 2011 09:08 AM PDT
Reuters - OXFORD, Miss (Reuters) - Mississippi voters returned to the polls on Tuesday to choose the Democratic nominee for governor in one of four states due to hold gubernatorial contests in the fall. Full Story
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Factbox: Republicans take varied paths to 2012 nomination
Tue,23 Aug 2011 08:49 AM PDT
Reuters - (Reuters) - The Republican presidential contenders have a common goal -- to stand on stage at the 2012 convention in Tampa, Florida, as the party's nominee to challenge President Barack Obama for the White House. Full Story
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Running hard, Perry a tough sell in New Hampshire
Tue,23 Aug 2011 05:58 AM PDT
Reuters -

photoPORTSMOUTH, New Hampshire (Reuters) - White House hopeful Rick Perry has hit New Hampshire hard since kicking off his bid for the Republican nomination, but the tough-talking Texan will struggle to win support in this early-voting state.


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Factbox: Republican presidential candidates weigh in on Libya
Mon,22 Aug 2011 03:44 PM PDT
Reuters - (Reuters) - Republicans vying to challenge Barack Obama in next year's election responded to developments in Libya with caution on Monday. They want to support democracy but don't want to endorse Obama's policy, which many opposed. Full Story
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Running hard, Perry a tough sell in New Hampshire
Mon,22 Aug 2011 01:25 PM PDT
Reuters - PORTSMOUTH, New Hampshire (Reuters) - White House hopeful Rick Perry has hit New Hampshire hard since kicking off his bid for the Republican nomination, but the tough-talking Texan will struggle to win support in this early-voting state. Full Story
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Obama urges Gaddafi loyalists lay down arms
Mon,22 Aug 2011 12:47 PM PDT
Reuters -

photoCHILMARK, Massachusetts (Reuters) - President Barack Obama called on Monday for Muammar Gaddafi to end the bloodshed in Libya as pockets of his loyalist forces continued to fight.


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White House: Vacationing Obama working on economy
Mon,22 Aug 2011 12:19 PM PDT
Reuters -

photoVINEYARD HAVEN, Massachusetts (Reuters) - President Barack Obama has taken heat for taking a vacation when the U.S. economy is struggling, but aides are striving to make clear he is not neglecting the country's finances during his break.


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Analysis: China, U.S. call time-out on diplomatic brawls
Mon,22 Aug 2011 11:08 AM PDT
Reuters -

photoBEIJING/CHENGDU, CHINA (Reuters) - During Vice President Joe Biden's visit to China, Beijing and Washington confined their brawling to the basketball court, and for now economic and political needs should keep tensions in the diplomatic arena from spiraling into fully-fledged feuds.


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Biden: China didn't need reassurance on U.S. economy
Mon,22 Aug 2011 11:08 AM PDT
Reuters - TOKYO (Reuters) - Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong. Full Story
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International allies on Libya to meet Thursday: Clinton
Mon,22 Aug 2011 10:08 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Secretary of State Hillary Clinton and members of the international alliance on Libya agreed on Monday that senior diplomats will meet in Istanbul to discuss the next steps for the country, the State Department said.


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Treasury keeps freeze on Libya assets for now
Mon,22 Aug 2011 09:25 AM PDT
Reuters -

photoWASHINGTON (Reuters) - The United States is keeping in place for now a freeze on billions of dollars of Libyan government assets, although the Treasury Department is considering how to provide financial assistance to rebel groups, an Obama administration official said on Monday.


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Factbox: Key dates in 2012 U.S. presidential race
Mon,22 Aug 2011 09:06 AM PDT
Reuters - (Reuters) - The first contests on the road to the 2012 Republican presidential nomination are scheduled to take place in February, but there are many important events on the political calendar before then. Full Story
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No U.S. boots on the ground in post-Gaddafi Libya
Mon,22 Aug 2011 08:57 AM PDT
Reuters -

photoWASHINGTON (Reuters) - The United States does not intend to send ground forces into Libya to assist in any international peacekeeping operations following the fall of Muammar Gaddafi, the Pentagon said on Monday.


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Republicans may never get 2012 dream candidate
Mon,22 Aug 2011 07:01 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Republicans still hoping that another candidate will jump into the presidential race and give the party a better chance of defeating President Barack Obama in 2012 may need to get over it.


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Gaddafi "part of Libya's past": Jeffrey Feltman
Mon,22 Aug 2011 05:33 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Libya has moved beyond a historic tipping point and Muammar Gaddafi is now "part of Libya's past," Assistant Secretary of State Jeffrey Feltman said on Monday.


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Biden offers U.S. support for democratic Mongolia
Mon,22 Aug 2011 03:52 AM PDT
Reuters -

photoULAN BATOR (Reuters) - U.S. Vice President Joe Biden lauded land-locked Mongolia's efforts at democratization on Monday, offering support to a country that is strategically located between China and Russia and sits on vast quantities of untapped mineral wealth.


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Obama says will be judged in 2012 over economy
Sun,21 Aug 2011 06:56 AM PDT
Reuters -

photoVINEYARD HAVEN, Massachusetts (Reuters) - President Barack Obama said on Sunday he expects to be judged in the 2012 election over his governance of the American economy, which he said was still not growing fast enough.


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Factbox: U.S. Post Office's troubled financial past
Sun,21 Aug 2011 05:38 AM PDT
Reuters - (Reuters) - The U.S. Postal Service, worn down by years of multibillion-dollar losses and facing insolvency next month, is lobbying Congress to pass a measure allowing it to overhaul its business model. Full Story
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Biden prods China on rights, controls keep dissent at bay
Sun,21 Aug 2011 03:34 AM PDT
Reuters - DUJIANGYAN, China (Reuters) - U.S. Vice President Joe Biden prodded China to expand citizens' rights on Sunday, but the tight security accompanying his visit to the nation's southwest showed the ruling Communist Party's determination to stamp out dissent. Full Story
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