The House intends to vote down a two-month extension of the payroll tax cut that cleared the Senate late last week, Speaker John Boehner said Monday, and request immediate negotiations on a full-year renewal that can provide "certainty for people who are trying to create jobs.""I don't believe the differences between the House and Senate are that great," Boehner said at a news conference, although he provided no estimate on how long it might take to produce a compromise. Read More
With the U.S. troop withdrawal from Iraq in its final days, President Barack Obama and Iraqi Prime Minister Nouri al-Maliki met at the White House Monday to discuss the next phase of the relationship between their countries. Read More
Long before he discovered Friedrich Hayek and other free-market economists, Ron Paul got a lesson in sound money from his oldest brother, Bill.
It was the height of World War II, and the Paul boys were laying aside quarters from their Pittsburgh Press routes and pooling pennies earned from pulling dirty milk bottles off the line at the family dairy to buy war bonds. One day, Ronnie suggested what was, in retrospect, a rather Keynesian solution: "Why doesn't the government just PRINT this money?" Read More
The NBA's amnesty era is under way.
Taking advantage of the league's new get-out-of-a-contract card, the Orlando Magic waived Gilbert Arenas and the $62 million he was owed over the next three seasons as one of the very first moves after the lockout formally ended, and the New York Knicks were preparing to use the clause on Chauncey Billups — a precursor to adding Tyson Chandler as a free agent from the champion Dallas Mavericks. Read More
NBA teams went back to work Friday, which for Chris Paul meant going back to New Orleans.
And there was disbelief and anger around the league — and a commitment to try again to find him a new home.
Commissioner David Stern killed the Hornets' first attempt at moving their All-Star point guard, but New Orleans general manager Dell Demps is working to put together a new deal.
"Yes. People are still calling," Demps said. "People are still calling and we're calling people, so we're confident we can get a deal." Read More
In a last plea for mercy, Rod Blagojevich tried a tactic he never has before: an apology.
The disgraced former Illinois governor told a judge Wednesday that he made "terrible mistakes" and acknowledged that he broke the law when he tried to sell an appointment to President Barack Obama's former Senate seat.
After protesting his innocence for years, Blagojevich's plea on the second day of his sentencing hearing came as he hopes to avoid a prison term of up to 20 years. Judge James Zagel was expected to deliver his sentence Wednesday. Read More
Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in budget savings by Wednesday is supposed to automatically trigger spending cuts to accomplish the job.
Yet with the bipartisan debt panel increasingly unlikely to reach a deal, lawmakers who concocted the idea for the automatic cuts already are trying to figure out how to keep that budget axe from whacking their favorite programs. Read More
Congress is on the verge of killing funding for President Barack Obama's signature high-speed rail program, but it may have some life in it still.Republican lawmakers are claiming credit for killing the program. But billions of dollars still in the pipeline will ensure work will continue on some projects. And it's still possible money from another transportation grant program can be steered to high-speed trains. Read More
U.S. authorities have arrested a man wanted in connection with an investigation of a shooting near the White House on Friday night.The U.S. Secret Service said Pennsylvania authorities arrested Oscar Ramiro Ortega-Hernandez Wednesday at a hotel in southwest part of the state.
THIS IS A BREAKING NEWS UPDATE. Check back for the latest update. Read More
President Obama courted an influential Hispanic group Monday, seeking to improve relations with a crucial voting bloc that has become increasingly disillusioned by unfulfilled campaign promises amid a record number of deportations. Read More