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Apr 17 2014 US Federal Reserve Warns Of Rising Inflation

WASHINGTON - Federal Reserve Chair Janet Yellen says inflation is expected to rise slowly from current levels to the U.S. central bank’s two percent target rate.
In her first major policy speech, Yellen told the Economic Club of New York the low rate of inflation appears due to “temporary” influences, such as the deceleration in consumer […]


Apr 3 2014 US Supreme Court Eases Campaign Finance Laws

WASHINGTON - The U.S. Supreme Court Wednesday issued an important ruling that further loosens restrictions on campaign contribution limits, possibly opening the way for even greater influence by wealthy donors.
By a vote of 5-4, the conservative majority on the Supreme Court struck down overall limits on campaign contributions for individual donors who wish to support […]


Mar 26 2014 Obama Proposes To End NSA Phone Data Collection

WASHINGTON - Both U.S. President Barack Obama and key committee leaders in Congress are proposing legislation that would end the National Security Agency’s collection and storage of massive amounts of Americans’ phone records.  The proposed changes come in response to a wave of privacy concerns at home and abroad triggered by revelations last year from […]


Mar 20 2014 Obama Expands Sanctions Against Russia

WASHINGTON - U.S. President Barack Obama announced on Thursday morning a series of expanded sanctions against Russia over its annexation of the Crimean peninsula.
Speaking on the South Lawn of the White House before a trip to Florida, Obama said the U.S. will impose more sanctions on Russian government officials, including individuals tied to Russia’s Crimea […]


Mar 6 2014 US Lawmakers Outraged At Obama Defense Cuts

WASHINGTON - Plans to shrink the United States military to levels not seen since World War II are not sitting well with many U.S. lawmakers.  Some expressed their frustration and anger to Defense Secretary Chuck Hagel during a hearing Wednesday on Capitol Hill.
With U.S. troops in Afghanistan, waiting to come home, anger is boiling over in […]


Feb 25 2014 Obama Slashes US Military Budget

WASHINGTON - U.S. Defense Secretary Chuck Hagel has unveiled the largest cuts to the U.S. Army since before World War II.
The Obama administration has for years spoken of a need for a smaller, more agile force. On Monday, Defense Secretary Chuck Hagel laid out the budgetary blueprint for it.
He said this is a time for […]


Feb 20 2014 CBO: Obama Minimum Wage Hike Kills Jobs

WASHINGTON - The head of the U.S. Congress’ budget agency on Wednesday defended its findings that President Barack Obama’s proposed minimum wage increase would cause job losses, a day after the White House criticized the agency’s methodology.
White House officials have taken issue with the Congressional Budget Office’s conclusion that raising the minimum wage to $10.10 […]


Feb 13 2014 US Congress Raises Debt Ceiling

WASHINGTON - The U.S. Congress has raised the nation’s borrowing limit and averted a potential debt default that would have triggered devastating financial consequences. Senate approval came one day after the House of Representatives passed the measure - and less than two weeks before the federal government would have been unable to pay all its […]


Feb 5 2014 CBO Reports Obamacare Is Serious Job Killer

WASHINGTON - A report by the U.S. Congressional Budget Office predicts the new health care reform law will shrink the work force by more than 2 million full-time positions.
The report, released Tuesday, may fuel the debate over whether the health care reform law known as “Obamacare” is good for the economy. The CBO report said […]


Feb 4 2014 Obama To Visit King Abdullah Of Saudi Arabia

WASHINGTON - U.S. President Barack Obama is to visit Saudi Arabia next month after a trip to three European nations.  Talks with Saudi King Abdullah will focus on regional security issues, including the Syrian civil war and international negotiations with Iran for a final agreement on its nuclear program.
Saudi Arabia was added to the already […]


Jan 30 2014 US House Passes New Farm Bill

WASHINGTON - The U.S. House of Representatives has approved a Farm Bill, bringing changes in farm subsidy programs and reforms to international food aid one step closer to passage.
The 10-year, $1 trillion bill includes $23 billion in cuts in conservation measures, nutrition programs and crop subsidies.
It ends a politically unpopular $5 billion subsidy that paid […]


Jan 21 2014 US Eases Economic Sanctions Against Iran

WASHINGTON - The United States and other world powers are easing economic sanctions against Iran after international inspectors confirmed that Tehran has started to curb its most sensitive nuclear enrichment activity.
The International Atomic Energy Agency said Monday that Iran had disabled centrifuges at its Natanz and Fordow nuclear facilities that were used to enrich uranium […]


Jan 18 2014 Obama Unveils NSA Surveillance Reforms

WASHINGTON - President Barack Obama unveiled reforms Friday in the vast surveillance being conducted by the country’s clandestine National Security Agency.
Aiming to calm uproar over NSA telecommunications surveillance, Obama outlined plans to end government control of an enormous cache of bulk phone records about calls made by Americans and foreigners, and also announced steps to […]


Jan 17 2014 US Congress Passes $1.1 Trillion Spending Bill

WASHINGTON - A politically divided U.S. Congress has funded the federal government for the remainder of the fiscal year, avoiding another potential government shutdown and restoring some sense of budgetary normalcy to Washington. The Senate passed the so-called “omnibus” spending bill 72 to 26, after the House of Representatives overwhelmingly approved the measure Wednesday.
The $1.1 […]


Jan 14 2014 US Congress Makes Deal On Government Spending

WASHINGTON - Negotiators in the U.S. House of Representatives and Senate have reached an agreement on a $1.1 trillion budget that would fund the federal government though September. The deal potentially prevents another government shutdown.
The deal was announced late Monday in a joint statement by Democratic Senator Barbara Mikulski, the chair of the Senate Appropriations […]


Jan 1 2014 US Retailers Struggle As Consumers Spend Less

NEW YORK - If there was one lesson from this year’s holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks.
A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the […]


Dec 26 2013 US Citizen Kidnapped By Al Qaida Appeals To Obama

ISLAMABAD - A U.S. development worker kidnapped in Pakistan by al-Qaida two years ago appealed to President Barack Obama to intervene and help negotiate his release, in a video released on Thursday.
In a 13-minute clip issued by al-Qaida’s media wing and posted on several news websites, Warren Weinstein, 72, looked gaunt and tired.
“I am not […]


Dec 21 2013 Obama Vows To Veto Iran Sanctions

WASHINGTON - The White House says President Barack Obama would veto any new legislation imposing additional sanctions on Iran over its nuclear program.
Legislation introduced in the Senate, supported as of Thursday by 26 Democratic and Republican senators, directly defies appeals from President Obama.
Called the Nuclear Weapon Free Iran Act of 2013, the measure would expand […]


Dec 17 2013 NSA Collection Of Phone Records Likely Unlawful

WASHINGTON - The U.S. government’s gathering of Americans’ phone records is likely unlawful, a judge ruled on Monday, raising “serious doubts” about the value of the National Security Agency’s so-called metadata counter terrorism program.
“I cannot imagine a more ‘indiscriminate’ and ‘arbitrary invasion’ than this systematic and high-tech collection and retention of personal data on virtually […]


Dec 11 2013 US Lawmakers Agree On Budget Deal

WASHINGTON - A group of U.S. lawmakers has forged a bipartisan agreement on federal spending levels for a two-year period that will prevent another government shutdown if it becomes law. The accord lessens austerity budget cuts but does not solve America’s long term fiscal imbalances.
The deal announced late Tuesday constitutes a compromise between the starkly […]


Dec 10 2013 US Congress Appears Close To Budget Agreement

WASHINGTON - Leading lawmakers say House and Senate negotiators appear close to agreeing on a federal budget and avert another government shutdown.  But sources close to the negotiations say the deal that is taking shape is modest, and not a so-called “grand bargain” that would tackle fundamental spending priority issues that have divided Congress for […]


Dec 9 2013 Obama Seeks To Extend Unemployment Benefits

WASHINGTON - U.S. President Barack Obama has urged Congress to extend unemployment benefits.
Obama said in his weekly address Saturday 1.3 million Americans will lose their unemployment benefits if Congress does not act before it leaves for the Christmas recess.
The president said the “economic lifeline” is in jeopardy because “Republicans in this Congress - which is […]


Dec 6 2013 US Congress Considers Tough Sanctions Against Iran

WASHINGTON - As early as next week the U.S. Congress could approve tough new sanctions on Iran, a move the White House warns may undermine diplomatic efforts to curb the country’s controversial nuclear program.
It was smiles in Geneva when U.S. Secretary of State John Kerry and other foreign ministers congratulated each other over last month’s […]


Nov 26 2013 Americans Believe Obama Untrustworthy

WASHINGTON - A growing number of Americans doubt President Barack Obama’s ability to manage the nation, according to a CNN/ORC poll released on Monday that reflects the possible larger impact of his administration’s fumbled rollout of its healthcare law.
The poll also found that 53 percent of those polled said Obama is not honest or trustworthy, […]


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