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Friday, July 29, 2011 12:06 AM PDT

Today's Politics - Bloomberg News Headlines - Yahoo! News: China news agency lambastes U.S. for debt crisis House Republicans to meet Friday morning: Rep. Pence Obama losing sleep as debt deal goes down to wire New Jersey Governor Christie discharged from hospital Fed readies debt-limit guidance for financial firms Factbox: Details of competing debt limit plans Boehner: has no control over possible downgrade House Republicans challenge Senate Democrats Senate will defeat Boehner bill tonight, Reid says "Pretty clear" what debt compromise will need: White House LaHood urges end to U.S. aviation standoff Analysis: U.S. may be entering age of political deadlock Analysis: Rick Perry run would test Romney's mettle House may vote on Boehner debt bill near 6 p.m. EDT U.S. "running on fumes" if no debt limit deal: White House Snapshot: What to expect Thursday in debt crisis Scenarios: Obama's options if no deal on debt ceiling hike Lawmaker vows look at China trade "abuses" Romney vows tough stance on China trade Lawmakers weigh value of development aid Russia says will respond to U.S. steps on Sergei Magnitsky Obama healthcare battle appealed to Supreme Court Analysis: Debt crisis a big test for Speaker Boehner Boehner says revised debt plan yields greater cuts Farm cuts may be smaller than expected: Lawmaker U.S. Treasury reiterates August 2 debt limit warning U.S. lawmaker vows look at China trade "abuses" CEOs say yes to Congress on removing tax breaks White House: Time running out for debt compromise Lawmaker presses Obama to back trade deals plan Is default deadline truly August 2? Analysts say no Senate confirms Gary Locke as U.S. envoy to China Senate Democrats debt plan saves $2.2 trillion: CBO General Dempsey warns against deep defense cuts Two senators tell airlines not to "pocket" tax Kirk hopes for September approval of trade deals Kirk hopes for September approval of U.S. trade deals North Carolina lower house overrides abortion bill veto Illinois Congressman arrested in front of White House House passes bill to speed up oil sands pipe review China news agency lambastes U.S. for debt crisis Thu,28 Jul 2011 09:22 PM PDT Reuters - BEIJING (Reuters) - China's state-run news agency has sharply criticized U.S. politicians for flirting with a disastrous debt default, saying the world's largest economy has been "kidnapped" by "dangerously irresponsible" U.S. politics. Full Story Top House Republicans to meet Friday morning: Rep. Pence Thu,28 Jul 2011 08:16 PM PDT Reuters - WASHINGTON (Reuters) - House Republicans will meet at 10 a.m. on Friday (1400 GMT) to assess their options after they delayed a vote on their debt-ceiling bill due to a lack of support, Representative Mike Pence said on Thursday. Full Story Top Obama losing sleep as debt deal goes down to wire Thu,28 Jul 2011 05:33 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama is deeply involved in trying to win a debt deal and his White House was working flat out, aides said, pushing back against any impression Congress had sidelined the administration. Full Story Top New Jersey Governor Christie discharged from hospital Thu,28 Jul 2011 04:37 PM PDT Reuters - NEW YORK (Reuters) - New Jersey Governor Chris Christie, often mentioned as a possible Republican U.S. presidential candidate, was released from hospital on Thursday evening after undergoing tests for breathing difficulties. Full Story Top Fed readies debt-limit guidance for financial firms Thu,28 Jul 2011 03:56 PM PDT Reuters - WASHINGTON (Reuters) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the United States exhausts its borrowing authority. Full Story Top Factbox: Details of competing debt limit plans Thu,28 Jul 2011 12:55 PM PDT Reuters - (Reuters) - House Speaker John Boehner, a Republican, and Senate Democratic Leader Harry Reid are pushing rival plans to raise the government's borrowing limit before an August 2 deadline. Full Story Top Boehner: has no control over possible downgrade Thu,28 Jul 2011 11:32 AM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Speaker John Boehner, the top Republican in Congress who has put forward a deficit reduction plan to be voted on later Thursday, said he had no control over whether his bill would avert a credit downgrade. Full Story Top House Republicans challenge Senate Democrats Thu,28 Jul 2011 11:23 AM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor Thursday challenged the Democratic-led Senate to accept a House-passed bill raising the debt limit or suffer the consequences of default. Full Story Top Senate will defeat Boehner bill tonight, Reid says Thu,28 Jul 2011 10:04 AM PDT Reuters - WASHINGTON (Reuters) - The Democratic-controlled Senate will defeat House Speaker John Boehner's plan to raise the debt ceiling shortly after the Republican-controlled House of Representatives votes on it, Senate Democratic Leader Harry Reid said on Thursday. Full Story Top "Pretty clear" what debt compromise will need: White House Thu,28 Jul 2011 09:59 AM PDT Reuters - WASHINGTON (Reuters) - The White House said on Thursday it was "pretty clear" what a compromise between Republicans and Democrats would look like to reduce the deficit and lift the debt ceiling by an August 2 deadline. Full Story Top LaHood urges end to U.S. aviation standoff Thu,28 Jul 2011 08:31 AM PDT Reuters - WASHINGTON (Reuters) - Transportation Secretary Ray LaHood urged Congress on Thursday to end a partial shutdown of the Federal Aviation Administration (FAA) and restore full funding to the agency. Full Story Top Analysis: U.S. may be entering age of political deadlock Thu,28 Jul 2011 07:45 AM PDT Reuters - WASHINGTON (Reuters) - The debt limit impasse in Washington, where a polarized Congress is struggling to avert an imminent U.S. default, points to a deeper crisis -- America may be entering an age of political paralysis. Full Story Top Analysis: Rick Perry run would test Romney's mettle Thu,28 Jul 2011 07:12 AM PDT Reuters - BOSTON (Reuters) - Republican presidential front-runner Mitt Romney has been on a glide path toward the 2012 primary elections, serving up a steady diet of soundbites and campaign material attacking President Barack Obama on jobs and the economy. Full Story Top House may vote on Boehner debt bill near 6 p.m. EDT Thu,28 Jul 2011 07:05 AM PDT Reuters - WASHINGTON (Reuters) - The House of Representatives is tentatively scheduled to vote between 5:45 p.m. and 6:15 p.m EDT on Thursday on a proposal to cut the deficit and raise the debt limit by $900 billion, a congressional aide said. Full Story Top U.S. "running on fumes" if no debt limit deal: White House Thu,28 Jul 2011 06:54 AM PDT Reuters - WASHINGTON (Reuters) - The United States will be "running on fumes" if its debt limit is not raised by August 2, the White House said on Wednesday, as it sought to kill talk that this was not a real deadline to strike a deficit deal. Full Story Top Snapshot: What to expect Thursday in debt crisis Wed,27 Jul 2011 10:04 PM PDT Reuters - WASHINGTON (Reuters) - Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default: Full Story Top Scenarios: Obama's options if no deal on debt ceiling hike Wed,27 Jul 2011 07:11 PM PDT Reuters - WASHINGTON (Reuters) - If the impasse over the U.S. debt limit is not broken soon, President Barack Obama will be forced to decide how he will manage the crisis. Full Story Top Lawmaker vows look at China trade "abuses" Wed,27 Jul 2011 05:54 PM PDT Reuters - WASHINGTON (Reuters) - A top Republican lawmaker Wednesday said he planned to turn up the pressure on China over a long list of trade "abuses" after Congress returns from its upcoming August recess. Full Story Top Romney vows tough stance on China trade Wed,27 Jul 2011 05:53 PM PDT Reuters - WASHINGTON (Reuters) - Republican presidential contender Mitt Romney said on Wednesday Chinese businesses were the "worst offenders" of global trade rules as his campaign vowed he would "get tough" with China if he wins in 2012. Full Story Top Lawmakers weigh value of development aid Wed,27 Jul 2011 04:59 PM PDT Reuters - WASHINGTON (Reuters) - Trimming U.S. funding to the World Bank and other global lenders would reduce American influence in developing countries and give China a competitive edge, lawmakers were told on Wednesday. Full Story Top Russia says will respond to U.S. steps on Sergei Magnitsky Wed,27 Jul 2011 04:48 PM PDT Reuters - MOSCOW (Reuters) - U.S. visa restrictions on Russian officials linked to the death of hedge fund lawyer Sergei Magnitsky could become a "serious irritant" in bilateral relations and provoke a response from Moscow, Russia's Foreign Ministry said on Wednesday. Full Story Top Obama healthcare battle appealed to Supreme Court Wed,27 Jul 2011 03:56 PM PDT Reuters - WASHINGTON (Reuters) - A Michigan-based legal group on Wednesday asked the Supreme Court to review and overturn a decision that found President Barack Obama's signature healthcare law constitutional. Full Story Top Analysis: Debt crisis a big test for Speaker Boehner Wed,27 Jul 2011 03:29 PM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Speaker John Boehner looked over his restive Republican troops on Wednesday and told them: "Get your ass in line." Full Story Top Boehner says revised debt plan yields greater cuts Wed,27 Jul 2011 03:24 PM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Speaker John Boehner's office said on Wednesday that its revised plan to raise the U.S. debt ceiling would deliver about $65 billion more in cuts over a 10-year period than an earlier version. Full Story Top Farm cuts may be smaller than expected: Lawmaker Wed,27 Jul 2011 01:28 PM PDT Reuters - WASHINGTON (Reuters) - U.S. agricultural programs face cuts of $10-$11 billion over the next decade as Congress slashes federal spending to reduce the budget deficit, said a senior farm-state Democrat on Wednesday. Full Story Top U.S. Treasury reiterates August 2 debt limit warning Wed,27 Jul 2011 12:44 PM PDT Reuters - WASHINGTON (Reuters) - The Treasury on Wednesday reiterated its warning that it cannot guarantee payment of all the government's bills after August 2 without an increase in the federal borrowing limit. Full Story Top U.S. lawmaker vows look at China trade "abuses" Wed,27 Jul 2011 12:39 PM PDT Reuters - WASHINGTON (Reuters) - A top Republican lawmaker Wednesday said he planned to turn up the pressure on China over a long list of trade "abuses" after Congress returns from its upcoming August recess. Full Story Top CEOs say yes to Congress on removing tax breaks Wed,27 Jul 2011 12:25 PM PDT Reuters - WASHINGTON (Reuters) - The CEO of Wal-Mart Stores Inc. and other major U.S. employers told Congress on Wednesday they would be willing to give up tax breaks that benefit their companies in return for a steep drop in the country's 35 percent corporate tax rate. Full Story Top White House: Time running out for debt compromise Wed,27 Jul 2011 11:40 AM PDT Reuters - WASHINGTON (Reuters) - The White House warned on Wednesday that time was running out to reach a compromise on the U.S. debt limit and said that Republicans and Democrats must come together now on an agreement. Full Story Top Lawmaker presses Obama to back trade deals plan Wed,27 Jul 2011 11:09 AM PDT Reuters - WASHINGTON (Reuters) - A top Republican lawmaker on Wednesday outlined a plan for winning approval of three long-delayed trade agreements and a worker retraining program the White House has insisted Congress pass along with them. Full Story Top Is default deadline truly August 2? Analysts say no Wed,27 Jul 2011 08:33 AM PDT Reuters - WASHINGTON (Reuters) - Will the sky fall on August 2 if Congress fails to raise the debt ceiling? Full Story Top Senate confirms Gary Locke as U.S. envoy to China Wed,27 Jul 2011 07:54 AM PDT Reuters - WASHINGTON (Reuters) - The Senate on Wednesday confirmed former Commerce Secretary Gary Locke as ambassador to China, sending to Beijing an envoy who has said he would press for greater access to Chinese markets. Full Story Top Senate Democrats debt plan saves $2.2 trillion: CBO Wed,27 Jul 2011 07:16 AM PDT Reuters - WASHINGTON (Reuters) - Senate Democrats' legislation to reduce the U.S. deficit and increase borrowing authority would cut $2.2 trillion from deficits, about $500 billion less than Democrats claimed, the Congressional Budget Office said Wednesday. Full Story Top General Dempsey warns against deep defense cuts Tue,26 Jul 2011 09:09 PM PDT Reuters - WASHINGTON (Reuters) - The nominee to become the top U.S. military officer warned on Tuesday it would be "extraordinarily difficult and very high risk" to cut $800 billion from defense spending as part of efforts to reduce the nation's $14.3 trillion debt. Full Story Top Two senators tell airlines not to "pocket" tax Tue,26 Jul 2011 05:32 PM PDT Reuters - WASHINGTON (Reuters) - Airlines should not "pocket" revenue from a passenger tax that has lapsed during a partial aviation shutdown, two U.S. Senate transportation leaders said in a letter sent to the industry association on Tuesday. Full Story Top Kirk hopes for September approval of trade deals Tue,26 Jul 2011 05:07 PM PDT Reuters - WASHINGTON (Reuters) - Trade Representative Ron Kirk said on Tuesday he was optimistic a deal could be struck with Republicans clearing the way for Congress to pass free trade pacts with South Korea, Colombia and Panama after lawmakers return in September from a month-long recess. Full Story Top Kirk hopes for September approval of U.S. trade deals Tue,26 Jul 2011 04:26 PM PDT Reuters - WASHINGTON (Reuters) - U.S. Trade Representative Ron Kirk said on Tuesday he was optimistic a deal could be struck with Republicans clearing the way for Congress to pass free trade pacts with South Korea, Colombia and Panama after lawmakers return in September from a month-long recess. Full Story Top North Carolina lower house overrides abortion bill veto Tue,26 Jul 2011 04:25 PM PDT Reuters - RALEIGH, North Carolina (Reuters) - The North Carolina House of Representatives narrowly overrode a veto on Tuesday of a bill requiring women to wait 24 hours before getting an abortion and be presented with a ultrasound of the fetus. Full Story Top Illinois Congressman arrested in front of White House Tue,26 Jul 2011 04:23 PM PDT Reuters - WASHINGTON (Reuters) - Democratic Congressman Luis Gutierrez was arrested in front of the White House on Tuesday afternoon while protesting deportation of illegal immigrants, a spokesman said. Full Story Top House passes bill to speed up oil sands pipe review Tue,26 Jul 2011 04:12 PM PDT Reuters - WASHINGTON (Reuters) - The House of Representatives on Tuesday approved legislation that would set a firm deadline for the Obama administration to decide the fate of a proposed $7 billion pipeline that would transport Canadian oil sands crude to the U.S. Gulf Coast. Full Story Top

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