Yahoo! News: Politics News

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• THE RACE: Polls show presidential race tightening
• Independent groups launch dueling campaign ads
• Biden keeps up criticism of Romney's business past
• U.S. Chamber of Commerce to spend big on 2012 election
• Mali coup leader condemns beating of president
• JPMorgan lobbied CFTC a day after losses revealed
• Strauss-Kahn accuser adds new claim to lawsuit
• GOP senators question judicial conference on Maui
• CBO warns of US falling off 'fiscal cliff'
• Senate panel votes to cut aid for Pakistan, Egypt
• Senate panel approves airline security fee hike
• McConnell Compares Obama to Carter, Suggests 'Attack' on Success
• Small bomb found in Argentina ahead of Uribe visit
• 2010 census missed more than 1.5M minorities
• Dems, GOP seek coveted young voters in Wis. recall
• Ex-Bank of Canada boss urges crisis policy changes
• JPMorgan exec seen in field as US money-laundering cop
• RNC Continues Cory Booker Push with New Web Video
• U.S. to keep heat on Iran over nuclear work: White House
• JPMorgan lobbied CFTC a day after losses revealed
• Biden keeps up criticism of Romney's business past
• Introducing Humor to an Expensive Fight Over Cigarettes
• Death rate drops among Americans with diabetes -CDC
• U.S. ambassador in Kabul to leave because of health
• SEC looking at JPMorgan's financial reporting
• North Korea to boost nuclear deterrent after U.S. pressure
• SEC head says Facebook IPO issues should be reviewed
• U.S. Airways flight diverted due to "suspicious" passenger
• Ad aimed at women takes on Obama's economic record
• Italy's lower house approves state funding cut
• U.S. says drug abuse needs treatment, not just jail
• Facebook settles lawsuit over "Sponsored Stories"
• THE RACE: Polls show presidential race tightening

THE RACE: Polls show presidential race tightening Posted: 22 May 2012 01:13 PM PDT With about five months to go, the presidential race is tightening, polls show, with voters nearly evenly divided between President Barack Obama and Mitt Romney, his likely Republican challenger.

Independent groups launch dueling campaign ads Posted: 22 May 2012 12:51 PM PDT An independent group seeking to oust President Barack Obama launched a new TV ad Tuesday suggesting Obama had let down the voters who vaulted him into the White House in 2008. A pro-Obama group answered with an ad slamming Republican Mitt Romney, featuring a woman who lost her job at a factory that closed after it was bought by the private equity firm Romney co-founded.

Biden keeps up criticism of Romney's business past Posted: 22 May 2012 01:45 PM PDT The presidential campaign debate over Republican Mitt Romney's tenure at a private equity firm is going down the drain.

U.S. Chamber of Commerce to spend big on 2012 election Posted: 22 May 2012 02:55 PM PDT WASHINGTON (Reuters) - The U.S. Chamber of Commerce, which helped Republicans make big gains in the 2010 congressional elections, is planning its most aggressive push yet to send business-friendly lawmakers to Washington in the November 6 election. Thomas Donohue, the president and CEO of the powerful business lobby, on Tuesday said the Chamber planned to get involved in 11 or 12 Senate races and 35 to 37 races for the House of Representatives. "We are planning on having a good year," Donohue told hundreds of members of the U.S. small business community at a meeting in Washington. ...

Mali coup leader condemns beating of president Posted: 22 May 2012 02:54 PM PDT BAMAKO (Reuters) - The leader of Mali's March 22 coup condemned the beating of the interim president by demonstrators and called on Tuesday for a peaceful transition of power in the West African country. Caretaker President Dioncounda Traore suffered minor head injuries when protesters stormed his palace, in the latest setback for efforts to stabilize Mali after the coup and deal with a subsequent revolt by northern separatists and Islamists. ...

JPMorgan lobbied CFTC a day after losses revealed Posted: 22 May 2012 02:53 PM PDT WASHINGTON (Reuters) - JPMorgan Chase & Co officials met with the U.S. futures regulator one day after revealing a $2 billion loss on trades booked in London, according to information from the Commodity Futures Trading Commission. The five JPMorgan officials visited the CFTC to discuss the overseas reach of U.S. swaps reforms, which the banking industry has argued will put U.S. banks at a disadvantage and increase the cost of hedging. ...

Strauss-Kahn accuser adds new claim to lawsuit Posted: 22 May 2012 02:52 PM PDT NEW YORK (Reuters) - Lawyers for the hotel maid who accused Dominique Strauss-Kahn of sexual assault added another claim to her civil lawsuit against him Tuesday, taking advantage of a little-used New York City law that applies to "gender-motivated violence." In the amended lawsuit, Nafissatou Diallo claims the former International Monetary Fund chief targeted her out of misogyny under a local law known as the Victims of Gender-Motivated Violence Protection Act. ...

GOP senators question judicial conference on Maui Posted: 22 May 2012 02:48 PM PDT Criticism from two key U.S. senators pushing back on the decision to hold an upcoming conference for federal judges on Maui prompted a Hawaii official to defend the islands Tuesday as a place of business.

CBO warns of US falling off 'fiscal cliff' Posted: 22 May 2012 02:48 PM PDT A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.

Senate panel votes to cut aid for Pakistan, Egypt Posted: 22 May 2012 02:45 PM PDT In a fresh warning to Pakistan, a Senate panel on Tuesday approved a foreign aid budget for next year that slashes President Barack Obama's request for assistance to Islamabad by more than half and threatens further reductions if it fails to open supply routes to NATO forces in Afghanistan.

Senate panel approves airline security fee hike Posted: 22 May 2012 02:36 PM PDT A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.

McConnell Compares Obama to Carter, Suggests 'Attack' on Success Posted: 22 May 2012 02:34 PM PDT Senate Minority Leader Mitch McConnell, R-KY., criticized President Obama for using Gov. Mitt Romney's record at Bain Capital, the private equity firm Romney headed,  as a tool to "divert" attention away from his own economic record. "I think the view of this administration is that...

Small bomb found in Argentina ahead of Uribe visit Posted: 22 May 2012 02:28 PM PDT BUENOS AIRES (Reuters) - Argentine police on Tuesday defused an explosive device hidden in a theater where former Colombian President Alvaro Uribe was scheduled to speak, raising suspicions that left-wing Colombian rebels may have been involved. Uribe, who cracked down on drug-running guerrillas during his two terms as president, was due to appear at a leadership conference on Wednesday at the Gran Rex theater in downtown Buenos Aires. The bomb would have been detonated at about 4 p.m. ...

2010 census missed more than 1.5M minorities Posted: 22 May 2012 02:27 PM PDT The 2010 census missed more than 1.5 million minorities after struggling to count black Americans, Hispanics, renters and young men, but was mostly accurate, the government said Tuesday.

Dems, GOP seek coveted young voters in Wis. recall Posted: 22 May 2012 02:25 PM PDT Democratic hopes for toppling Wisconsin Gov. Scott Walker in next month's recall election may hinge on a strong turnout from young voters, who came out in heavy numbers for President Barack Obama in 2008 but were less active when Walker was elected two years later.

Ex-Bank of Canada boss urges crisis policy changes Posted: 22 May 2012 02:25 PM PDT OTTAWA (Reuters) - Canada must improve its monitoring and prevention of systemic financial crises stemming from such things as housing bubbles and overly exuberant lending practices, former Bank of Canada Governor Gordon Thiessen said on Tuesday. To deal with such macro-prudential risks, Thiessen and a former central bank senior deputy governor, Paul Jenkins, said in a paper that a new policy committee should be set up, which would be chaired by the central bank chief and include the heads of other agencies. ...

JPMorgan exec seen in field as US money-laundering cop Posted: 22 May 2012 02:24 PM PDT ST. LOUIS, May 22 (Thomson Reuters Accelus) - A JPMorgan executive and former Treasury Department official is considered by industry sources to be a top candidate to replace the dismissed head of the department's anti-money laundering unit, at a time financial institutions face more demands from the fight against terrorism financing and drugs trafficking. ...

RNC Continues Cory Booker Push with New Web Video Posted: 22 May 2012 02:06 PM PDT For the third day in a row, Republicans highlighted  Newark mayor and Obama surrogate Cory Booker's comments calling the Obama campaign attacks on Bain Capital "nauseating." The Obama camp has compared Mitt Romney and his private equity firm Bain Capital as a "vulture" that made money by...

U.S. to keep heat on Iran over nuclear work: White House Posted: 22 May 2012 01:59 PM PDT WASHINGTON (Reuters) - The White House on Tuesday called the U.N. nuclear watchdog's progress toward an inspection agreement with Iran a step forward but said it would keep pressuring Tehran until there were concrete actions to curb the Iranian nuclear program. "Promises are one thing, actions and fulfillments of obligations are another," said White House spokesman Jay Carney, speaking on the eve of major power talks with Iran in Baghdad over a program the West says is aimed at acquiring an atom bomb. ...

JPMorgan lobbied CFTC a day after losses revealed Posted: 22 May 2012 01:48 PM PDT WASHINGTON (Reuters) - JPMorgan Chase & Co officials met with the U.S. futures regulator one day after revealing a $2 billion loss on trades booked in London, according to information from the Commodity Futures Trading Commission. The five JPMorgan officials visited the CFTC to discuss the overseas reach of U.S. swaps reforms, which the banking industry has argued will put U.S. banks at a disadvantage and increase the cost of hedging. ...

Biden keeps up criticism of Romney's business past Posted: 22 May 2012 01:45 PM PDT The presidential campaign debate over Republican Mitt Romney's tenure at a private equity firm is going down the drain.

Introducing Humor to an Expensive Fight Over Cigarettes Posted: 22 May 2012 01:44 PM PDT "I support big tobacco because they killed my wife. And that's one less mouth to feed." That's a line from a new parody commercial set to be shown during the "Dancing With the Stars" finale tonight, put together by advocates in California who are trying...

Death rate drops among Americans with diabetes -CDC Posted: 22 May 2012 01:43 PM PDT ATLANTA (Reuters) - A 40 percent decline in the death rate of diabetic American adults from heart disease and strokes is a sign that patients are taking better care of themselves and receiving improved treatment, according to a government study released on Tuesday. While the drop in death rates from cardiovascular disease was the most dramatic, overall death rates among diabetic adults dropped 23 percent from 1997 to 2006, according to the study by researchers at the U.S. Centers for Disease Control and Prevention and the National Institutes of Health. ...

U.S. ambassador in Kabul to leave because of health Posted: 22 May 2012 01:39 PM PDT WASHINGTON (Reuters) - U.S. Ambassador to Afghanistan Ryan Crocker confirmed on Tuesday that he plans to step down this summer because of ill health, and sources said the highly regarded career diplomat was leaving at a time of his choosing and was not pushed out. Reuters reported on Monday that Crocker, a veteran diplomat who came out of retirement to take the demanding Kabul post, was expected to step down soon, leaving as Washington negotiates a host of challenges on its course out of the long, costly war. "Today, Ambassador Ryan Crocker confirmed to the Afghan Government, U.S. ...

SEC looking at JPMorgan's financial reporting Posted: 22 May 2012 01:38 PM PDT WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk. SEC Chairman Mary Schapiro assured the Senate Banking Committee that the SEC is investigating JPMorgan's revelation earlier this month that it suffered at least $2 billion in losses on complex trades that started as hedges but morphed into a risky bet. ...

North Korea to boost nuclear deterrent after U.S. pressure Posted: 22 May 2012 01:36 PM PDT SEOUL (Reuters) - North Korea intensified its war of words against the United States on Tuesday, vowing to strengthen its nuclear deterrent after Washington warned Pyongyang of further sanctions if it did not abandon its atomic program. Last week, world leaders meeting in the United States said North Korea needed to adhere to international norms on nuclear issues and that it would face deeper isolation if it "continues down the path of provocation". ...

SEC head says Facebook IPO issues should be reviewed Posted: 22 May 2012 01:29 PM PDT WASHINGTON (Reuters) - The top securities regulator said on Tuesday that the problems surrounding Facebook's initial public offering should be reviewed, but those issues should not shake investor confidence in the markets. "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook," Securities and Exchange Commission Chairman Mary Schapiro told reporters as she exited a Senate Banking Committee hearing. ...

U.S. Airways flight diverted due to "suspicious" passenger Posted: 22 May 2012 01:27 PM PDT WASHINGTON (Reuters) - A U.S. Airways flight from Paris to Charlotte, North Carolina, was diverted to an airport in Maine where it landed safely after reports of a passenger showing "suspicious behavior," U.S. officials said on Tuesday. Two fighter jets were scrambled in response to the incident on US Airways flight 787, which landed in Bangor, Maine. House Homeland Security Chairman Peter King said a female passenger, who was a French citizen born in Cameroon, handed a note to a flight attendant saying she had a surgically implanted device. ...

Ad aimed at women takes on Obama's economic record Posted: 22 May 2012 01:22 PM PDT TITLE: Basketball

Italy's lower house approves state funding cut Posted: 22 May 2012 01:18 PM PDT ROME (Reuters) - Italy's lower house of parliament approved a proposal on Tuesday to halve state funding of political parties after a spate of scandals where politicians were accused of using the money for personal gain. The proposal, which forms part of a wider package of measures to reform party finances, will cut their funding by the state to 91 million euros ($116 million) per year. The move follows losses for traditional parties in local elections on Monday, and a sensational advance for comedian Beppe Grillo's Five Star Movement, which won the mayor's office in the northern city of ...

U.S. says drug abuse needs treatment, not just jail Posted: 22 May 2012 01:17 PM PDT LONDON (Reuters) - The United States sees drug abuse as a public health problem as much as a crime issue and is seeking to learn from countries in Europe and elsewhere about how to treat addiction as a disease, Barack Obama's drugs policy chief said on Tuesday. Gil Kerlikowske, the U.S. president's director of national drug control policy, said the United States is taking a more balanced approach to substance abusers rather than fighting a "war on drugs" centered mainly on law enforcement. ...

Facebook settles lawsuit over "Sponsored Stories" Posted: 22 May 2012 01:14 PM PDT SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users' "likes" without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, California federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. The terms of the settlement are not spelled out in court filings. ...

THE RACE: Polls show presidential race tightening Posted: 22 May 2012 01:13 PM PDT With about five months to go, the presidential race is tightening, polls show, with voters nearly evenly divided between President Barack Obama and Mitt Romney, his likely Republican challenger.

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