Sunday, August 21, 2011

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

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Sunday, August 21, 2011 12:08 AM PDT
Today's Politics - Bloomberg News Headlines - Yahoo! News:
Obama summer reading list leans toward fiction
Sat,20 Aug 2011 11:18 AM PDT
Reuters -

photoVINEYARD HAVEN, Massachusetts (Reuters) - President Barack Obama, perhaps seeking a break from harsh reality after a tough summer battling the economy and Republicans in Congress, has picked a summer reading list that is long on fiction.


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Biden seeks to reassure China on U.S. debt
Sat,20 Aug 2011 09:08 AM PDT
Reuters -

photoBEIJING (Reuters) - U.S. Vice President Joe Biden on Friday said China had "nothing to worry about" concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy.


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U.S. says hikers jailed in Iran should come home
Sat,20 Aug 2011 09:02 AM PDT
Reuters - WASHINGTON (Reuters) - The United States said on Saturday it was trying to confirm an Iranian TV report that two U.S. citizens held by Iran were jailed for eight years for spying and it reiterated its call for their release. Full Story
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Obama accuses Congress of holding back recovery
Sat,20 Aug 2011 04:17 AM PDT
Reuters -

photoVINEYARD HAVEN, Massachusetts (Reuters) - A vacationing President Barack Obama accused Congress on Saturday of holding back the economic recovery by blocking "common sense" measures he said would create jobs and help growth.


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John Edwards replaces legal team in campaign violations case
Fri,19 Aug 2011 04:15 PM PDT
Reuters -

photoNEW YORK (Reuters) - Former presidential candidate John Edwards has replaced the legal team defending him against criminal charges of campaign fund violations.


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Feingold says he will not seek office in 2012
Fri,19 Aug 2011 02:51 PM PDT
Reuters -

photoMILWAUKEE (Reuters) - Russ Feingold, the former Democratic senator from Wisconsin, said on Friday he will not be a candidate for political office next year, which takes him out of the running for senator, or governor if Democrats force a recall against Republican incumbent Scott Walker.


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Rick Perry risks scaring Wall Street Republicans
Fri,19 Aug 2011 02:35 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Presidential hopeful Rick Perry's brash appeal to the Republican Party's fiscally conservative base may fall flat with big donors who favor a more moderate candidate to challenge President Barack Obama in the 2012 election.


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Perry campaigns in South Carolina, gets voter vetting
Fri,19 Aug 2011 02:34 PM PDT
Reuters -

photoCOLUMBIA, South Carolina (Reuters) - Texas Governor Rick Perry took his campaign to the key early primary state of South Carolina on Friday, criticizing President Barack Obama's economic record and touting his own.


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"Sword of Damocles" hangs over deficit panel
Fri,19 Aug 2011 01:16 PM PDT
Reuters -

photoNEW YORK (Reuters) - Turbulence in world financial markets will add a sense of urgency to the work of a powerful new congressional committee charged with finding ways to cut the ballooning U.S. deficit, panel member Chris Van Hollen said Friday.


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Greens see red over oil sands pipeline
Fri,19 Aug 2011 12:20 PM PDT
Reuters - WASHINGTON (Reuters) - Thousands of opponents of a $7 billion pipeline that would boost U.S. dependence on Canadian oil sands plan to get arrested in protests over the next two weeks that they hope will help persuade the Obama administration to kill the project. Full Story
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Governors say flood control must be priority on Missouri River
Fri,19 Aug 2011 12:12 PM PDT
Reuters - OMAHA (Reuters) - A united delegation of Missouri River basin governors said on Friday that the Army Corps of Engineers needs to make flood control the top priority as the agency manages the Missouri River. Full Story
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FAA imposes "cooling off" period for inspectors
Fri,19 Aug 2011 11:56 AM PDT
Reuters - WASHINGTON (Reuters) - Aviation regulators tightened rules for when safety inspectors can work for airlines, changes intended to avoid the type of cozy relations that upended Southwest Airlines Co. Full Story
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In China, Biden pulls punches, not punch lines
Fri,19 Aug 2011 06:00 AM PDT
Reuters -

photoBEIJING (Reuters) - U.S. Vice President Joe Biden, in China on a five-day charm mission, has worked hard with his hosts to inject a little amity into the sometimes fractious relationship, pulling punches but not his punch lines.


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China-U.S. basketball "friendly" erupts into brawl
Fri,19 Aug 2011 04:35 AM PDT
Reuters -

photoBEIJING (Reuters) - As U.S. Vice President Joe Biden built trust with China in Beijing's corridors of power, goodwill between the two nations unravelled Thursday night on a nearby basketball court, where players traded kicks and punches and even a chair was thrown.


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Belarus halts uranium deal with U.S. over sanctions
Fri,19 Aug 2011 04:24 AM PDT
Reuters - MINSK (Reuters) - Belarus said on Friday it would halt a plan to eliminate its highly-enriched uranium stockpile, as previously agreed with the United States, after Washington imposed fresh economic sanctions on the former Soviet republic. Full Story
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Yuan can flow back to China by year-end: HK official
Fri,19 Aug 2011 03:09 AM PDT
Reuters - HONG KONG (Reuters) - A plan to allow foreign investors to buy mainland securities using yuan raised offshore could be implemented by the end of this year, a senior Hong Kong government official said on Friday. Full Story
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China's Wen: Confident U.S. economy to resume healthy growth
Fri,19 Aug 2011 01:34 AM PDT
Reuters - BEIJING (Reuters) - China is confident the U.S. economy will get back on the track of healthy growth, China's Premier Wen Jiabao told visiting U.S. Vice President Joe Biden on Friday during his five-day trust building mission to the United States' largest creditor. Full Story
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China heir apparent Xi raised by elite, steeled by turmoil
Thu,18 Aug 2011 08:08 PM PDT
Reuters - BEIJING (Reuters) - Two years ago in Mexico, China's president-in-waiting, Xi Jinping, flashed a steely glimpse of a future leader born into a revolutionary aristocracy and who came of age in the tumult of Mao Zedong's Cultural Revolution. Full Story
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China expresses confidence in U.S. economy: U.S. official
Thu,18 Aug 2011 08:08 PM PDT
Reuters - BEIJING (Reuters) - China's vice president expressed confidence in the fundamentals of the U.S. economy and prospects for the future, a senior Obama administration official accompanying U.S. Vice President Joe Biden on a visit to China said on Thursday. Full Story
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Xi: China, U.S. should coordinate to boost market confidence
Thu,18 Aug 2011 08:08 PM PDT
Reuters - BEIJING (Reuters) - China and the United States "have a responsibility to strengthen macro-economic policy coordination and together boost market confidence," Chinese Vice President Xi Jinping told visiting U.S. Vice President Joe Biden on Thursday, according to Chinese state media. Full Story
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Running hard, Perry a tough sell in New Hampshire
Thu,18 Aug 2011 02:32 PM 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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Top Illinois Republicans say "No" to more borrowing
Thu,18 Aug 2011 01:29 PM PDT
Reuters - CHICAGO (Reuters) - Illinois should not issue debt to pay its still-sizable backlog of bills, top Republicans in the state government said on Thursday, warning that the state could face big borrowing costs due to its relatively low credit rating. Full Story
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U.S. offers North Korea flood aid, but no food yet
Thu,18 Aug 2011 01:19 PM PDT
Reuters - WASHINGTON (Reuters) - The United States has offered North Korea up to $900,000 in emergency flood assistance but has made no decision yet on a broader request for humanitarian food aid for the isolated country, the State Department said on Thursday. Full Story
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Republicans and Democrats spar over new House maps
Thu,18 Aug 2011 12:28 PM PDT
Reuters - WASHINGTON (Reuters) - As President Barack Obama and Democrats fight to take control of the House of Representatives in 2012, legal battles are erupting in states where Republicans are tilting voting maps in their favor. Full Story
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Analysis: Big economic talk, few plans from '12 Republicans
Thu,18 Aug 2011 10:12 AM PDT
Reuters -

photoWASHINGTON (Reuters) - For presidential hopefuls in a campaign that is all about the U.S. economy, the Republican contenders have offered few clear plans for what they would do to get the country's finances back on track.


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Rick Perry to seek small, activist donors
Thu,18 Aug 2011 09:07 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Rick Perry's ties to well-heeled Texans will help raise cash for his presidential run but he will also be gunning for passionate anti-Washington Republicans whose small donations have fueled rival Michele Bachmann.


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Ohio governor signals desire to compromise on anti-union law
Wed,17 Aug 2011 07:55 PM PDT
Reuters - COLUMBUS (Reuters) - Ohio Governor John Kasich and leading Republican lawmakers said on Wednesday they want to negotiate with opponents of a law curbing public sector union rights to prevent the measure from going to a public referendum this fall. Full Story
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No clear winner in Wisconsin's summer of discontent
Wed,17 Aug 2011 07:15 PM PDT
Reuters -

photoMILWAUKEE (Reuters) - Wisconsin voters have gone through a summer of historic and bitter recall votes for state legislators -- the most in U.S. history -- at a cost of about $40 million in campaign spending.


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Obama to unveil economic plan in September speech
Wed,17 Aug 2011 04:37 PM PDT
Reuters -

photoATKINSON, Ill (Reuters) - President Barack Obama said on Wednesday he will propose a plan in September to jump-start the U.S. economy as he struggles to convince skeptical voters that he has something new to offer.


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U.S. and Egypt scrap major military drill for this year
Wed,17 Aug 2011 03:37 PM PDT
Reuters - CAIRO/WASHINGTON (Reuters) - Egypt and the United States are scrapping this year's planned military drills, known as Bright Star, the largest exercises of their kind in the region, sources in both countries told Reuters on Wednesday. Full Story
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Obama hears voter worries, uses bus to gain distance from DC
Wed,17 Aug 2011 02:14 PM PDT
Reuters -

photoATKINSON, Ill (Reuters) - President Barack Obama's three-day bus tour along the back roads of the Midwest was billed as a chance to listen and what he heard was that people are deeply worried.


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Romney says he is "in sync" with Tea Party
Wed,17 Aug 2011 12:49 PM PDT
Reuters -

photoBERLIN, New Hampshire (Reuters) - Presidential hopeful Mitt Romney, seen by many as the choice of moderate Republicans in 2012, sought to widen his appeal on Wednesday by saying he was "in sync" with the conservative Tea Party.


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Rick Perry keeps up pressure on Fed
Wed,17 Aug 2011 12:05 PM PDT
Reuters -

photoBEDFORD, New Hampshire (Reuters) - Republican presidential candidate Rick Perry Wednesday called for more transparency from the Federal Reserve to show that the central bank was not engaging in unspecified "improper" actions.


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Fed is "indifferent" to political jabs: Fisher
Wed,17 Aug 2011 11:47 AM PDT
Reuters -

photoMIDLAND, Texas (Reuters) - The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.


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Factbox: Deficit super committee members
Wed,17 Aug 2011 10:44 AM PDT
Reuters - (Reuters) - The White House said on Wednesday that President Barack Obama in a few weeks will outline measures to jump-start the economy. His speech is expected to include suggestions on budget savings that surpass the $1.5 trillion goal of a new congressional deficit-cutting committee. Full Story
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Bachmann tribute to Elvis marks wrong anniversary
Tue,16 Aug 2011 08:20 PM PDT
Reuters -

photoSPARTANBURG, South Carolina (Reuters) - Republican U.S. presidential candidate Michele Bachmann offered a "happy birthday" message to the late singer Elvis Presley on Monday, even though August 16 is the anniversary of his death in 1977.


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Latinos protest deportations at Obama campaign HQ
Tue,16 Aug 2011 05:58 PM PDT
Reuters - CHICAGO (Reuters) - Latino activists held a protest outside President Barack Obama's 2012 campaign headquarters on Tuesday to ask him to end a criminal deportation program they say is snaring large number of illegal immigrants who have not committed crimes. Full Story
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White House denounces Perry as Republicans target Fed
Tue,16 Aug 2011 04:53 PM PDT
Reuters -

photoWASHINGTON (Reuters) - The White House denounced Republican presidential candidate Rick Perry on Tuesday for his threatening remarks toward the head of the U.S. Federal Reserve that represented some of the most inflammatory rhetoric of the 2012 election campaign.


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Voters go to polls in Wisconsin's two final recalls
Tue,16 Aug 2011 04:41 PM PDT
Reuters -

photoEAGLE RIVER, Wis (Reuters) - Voters in two Wisconsin State Senate districts headed to the polls on Tuesday in the last of nine recall elections triggered by the fight earlier this year over Republican-backed curbs on union rights of public workers.


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Confederate plates could be touchy issue for Perry
Tue,16 Aug 2011 04:07 PM PDT
Reuters -

photoSAN ANTONIO, Texas (Reuters) -- A decision on whether Texas should issue a license plate commemorating the state's Confederate heritage has landed square in the lap of Governor Rick Perry -- just as he begins his run for the presidency.


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