Wednesday, June 27, 2012

Yahoo! News: Politics News

Yahoo! News: Politics News


Health ruling to end campaign mystery, unleash ads

Posted: 27 Jun 2012 02:57 PM PDT

Republican presidential candidate Mitt Romney campaigns at Electronic Instrumentation and Technology in Sterling, Va., Wednesday, June 27, 2012. (AP Photo/Charles Dharapak)Barely four months before the nation votes, one of the biggest factors in the fight for the White House still is a mystery. That will change on Thursday.


THE RACE: Polls: White House race stable and close

Posted: 27 Jun 2012 10:42 AM PDT

President Barack Obama gestures as he speaks at the Westin Peachtree Plaza Hotel during an Obama Victory Fund Reception, Tuesday, June 26, 2012, in Atlanta. (AP Photo/Carolyn Kaster)With just over four months to go, polls underscore what's been clear for some time: President Barack Obama and Republican rival Mitt Romney are locked in a neck-and-neck race in a closely divided nation.


Boehner: House will go ahead with contempt vote

Posted: 27 Jun 2012 10:59 AM PDT

Speaker John Boehner says the House will move forward with a contempt of Congress vote Thursday against Attorney General Eric Holder over the botched gun-tracking operation known as Fast and Furious. The White House said Republicans are seeking to score political points.

Holder faces House contempt vote on gun probe

Posted: 27 Jun 2012 02:52 PM PDT

U.S. Attorney General Eric Holder delivers remarks to the Boys and Girls Club of America in WashingtonWASHINGTON (Reuters) - Attorney General Eric Holder faces a contempt vote by the House of Representatives on Thursday in a dispute involving a botched gun-running probe, and the chamber's top Democrat, Nancy Pelosi, said some in her party are expected to line up with Republicans against him. The Republican-led House is scheduled to vote on Thursday on whether to charge the nation's top law enforcement officer with contempt of Congress related to his withholding of documents in the "Fast and Furious" gun-running sting operation on the U.S.-Mexico border. ...


Obamacare Predictions: What Will the Supreme Court Decide?

Posted: 27 Jun 2012 02:40 PM PDT

ABC's Jilian Fama and Meghan Kiesel report: Tomorrow is decision day for the Supreme Court on the constitutionality of the Affordable Care Act, a.k.a Obamacare, and the controversial individual mandate included within it. What kind of decision will SCOTUS hand down? Though no one can...

Lawmakers reach transportation deal, Keystone out

Posted: 27 Jun 2012 02:38 PM PDT

U.S. Senate Majority Leader Reid speaks during his news conference on the payroll tax cut extension in WashingtonWASHINGTON (Reuters) - Lawmakers from the U.S. Congress cut a deal on a massive transportation bill on Wednesday, ending seven weeks of talks just days before federal funding expires for roads, bridges and mass-transit projects. "I am so glad that House Republicans met Democrats half way, as Senate Republicans did months ago," Senator Barbara Boxer, who led the talks, said in a statement. Boxer gave few details of the massive bill, which was a big priority for both parties ahead of November 6 elections because it supports an estimated 3 million jobs. ...


World powers to meet in Geneva on Syria

Posted: 27 Jun 2012 02:33 PM PDT

GENEVA (Reuters) - Foreign ministers from the global powers and Middle East countries will meet in Geneva on Saturday to work out a way to end the worsening conflict in Syria and bring about a political transition. International mediator Kofi Annan called the meeting on Wednesday just as the situation in Syria took an even more serious turn, with insurgents attacking a pro-government television station in Damascus and fighting breaking out in the capital's suburbs. Annan, who acts as envoy for the United Nations and Arab League, said he had invited foreign ministers from the five permanent ...

Rangel's margin of victory over Espaillat narrows

Posted: 27 Jun 2012 02:33 PM PDT

Rep. Charles Rangel, D-N.Y., salutes surviving members of the Montford Point Marines, during a Congressional Gold Medal ceremony at the U.S. Capitol in Washington, Wednesday, June 27, 2012. Montford Point Marines were the first African Americans to serve in the Marines and only 120 of the nearly 20,000 African Americans who trained at the segregated Montford Point in Camp Lejeune, NC., are still alive. (AP Photo/Pablo Martinez Monsivais)New York congressman Charles Rangel's margin of victory in Tuesday's Democratic primary has narrowed as additional returns have been counted.


Health ruling to end campaign mystery, unleash ads

Posted: 27 Jun 2012 02:57 PM PDT

Republican presidential candidate Mitt Romney campaigns at Electronic Instrumentation and Technology in Sterling, Va., Wednesday, June 27, 2012. (AP Photo/Charles Dharapak)Barely four months before the nation votes, one of the biggest factors in the fight for the White House still is a mystery. That will change on Thursday.


U.S. bars business with four in Hezbollah laundering link

Posted: 27 Jun 2012 02:05 PM PDT

WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday banned Americans from doing business with three Lebanese-Venezuelans and a Lebanese man it accused of helping to launder drug money to the benefit of the Lebanon-based Hezbollah militant group. It also designated one Colombian-Lebanese man, Ali Mohamad Saleh, as a global terrorist for his involvement with Hezbollah fund-raising. The action freezes any assets Saleh may have in the United States and also bars Americans from doing business with him. ...

AP sources: Tentative deal on roads, student loans

Posted: 27 Jun 2012 01:57 PM PDT

House Speaker John Boehner of Ohio, center, joined by other House GOP leaders, gestures during a news conference on Capitol Hill in Washington, Wednesday, June 27, 2012, following a political strategy session. From left are, House Majority Leader Eric Cantor of Va., Rep. Cathy McMorris Rodgers, R-Wash., Boehner, Rep. Renee Ellmers, R-NC, and Rep. Bill Flores, R-Texas. (AP Photo/J. Scott Applewhite)Facing weekend deadlines for action, congressional leaders have tentatively agreed to deals overhauling the nation's transportation programs without a Republican provision forcing approval of the proposed Keystone XL oil pipeline, and avoiding a doubling of interest rates for new student loans, congressional officials said Wednesday.


Lawmakers press for open Trans-Pacific trade talks

Posted: 27 Jun 2012 01:55 PM PDT

WASHINGTON (Reuters) - A California congressman at the center of a legal battle with the White House on Wednesday asked U.S. trade officials to let him sit in on negotiations in San Diego next week between the United States and other countries in the Asia-Pacific region. "Given the immense impact that this agreement will have on many areas of the American economy, including intellectual property, I respectfully request that you allow me and certain members of my staff to be present as observers for this round of negotiations," Republican lawmaker Darrell Issa said in a letter to U.S. ...

Spanish forced to pay for drugs as cuts take toll

Posted: 27 Jun 2012 01:50 PM PDT

MADRID (Reuters) - Patients in Spain will have to pay the full price for some prescription medicines under a new measure to cut healthcare costs approved on Wednesday, Health Minister Ana Mato confirmed at a press conference. The new measure, which will come into effect in August, will apply to 425 drugs for "minor ailments", including migraines. Patients will have to pay 100 percent of the cost for codeine, some anti-inflammatories and laxatives, among other drugs. "We're revising the financing of a series of drugs with little therapeutic use and for minor ailments. ...

Biden: Economy a 'Depression for Millions and Millions of Americans'

Posted: 27 Jun 2012 01:47 PM PDT

Vice President Joe Biden today offered a blunt assessment of the plight of the unemployed, telling supporters at a campaign rally in Iowa that the economy remains "a depression for millions and millions of Americans." "The unemployed are in real trouble," Biden said in a...

SEC charges Falcone, Harbinger with fraud

Posted: 27 Jun 2012 01:47 PM PDT

Falcone, CEO and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives Conference in Las VegasBOSTON/WASHINGTON (Reuters) - The bad news keeps coming for Philip Falcone, once one of the hedge fund industry's most successful fund managers. The U.S. Securities and Exchange Commission filed a lawsuit in federal court on Wednesday charging Falcone with market manipulation, giving preferential treatment to several big investors who wanted to get their money out and borrowing cash from his hedge fund to pay personal expenses. ...


Old rivalries dog Romney foreign policy team

Posted: 27 Jun 2012 01:46 PM PDT

Republican presidential candidate Romney addresses the National Association of Latino Elected and Appointed Officials Annual Conference in Lake Buena VistaWASHINGTON (Reuters) - Little more than four months before the U.S. presidential elections, Republican hopeful Mitt Romney's foreign policy team is facing the same kind of internal rivalries that dogged the administrations of Ronald Reagan and both George Bushes. Romney's official campaign website lists 42 official foreign and defense advisers, including some of the Republican Party's most prestigious experts, many veterans of past administrations. ...


Senate, House negotiators reach transport deal: Sen. Boxer

Posted: 27 Jun 2012 01:43 PM PDT

WASHINGTON (Reuters) - After seven weeks of talks, lawmakers from the U.S. Senate and House of Representatives have reached agreement on a transportation funding bill that will support 3 million jobs, Senator Barbara Boxer said on Wednesday. "I am so glad that House Republicans met Democrats half way, as Senate Republicans did months ago," said Boxer, the chairman of the negotiating panel, in a statement. (Reporting by Roberta Rampton; Editing by Sandra Maler)

Congressional panel clears way for Fed audit bill

Posted: 27 Jun 2012 01:40 PM PDT

WASHINGTON (Reuters) - A U.S. House of Representatives panel on Wednesday approved a measure that would allow an audit of the Federal Reserve's monetary policy decisions, a level of scrutiny the central bank says would compromise its independence. The measure was proposed by Republican Representative Ron Paul, a long-time critic of the central bank, and has 257 co-sponsors, more than half of all House members. Its approval by the House Oversight Committee clears the way for a vote in the full House. ...

Obama to learn Supreme Court health verdict from news

Posted: 27 Jun 2012 01:40 PM PDT

U.S. President Barack Obama speaks at an Obama Victory Fund Concert in FloridaWASHINGTON (Reuters) - U.S. President Barack Obama will learn how the Supreme Court rules on his flagship healthcare law from watching the news, and won't get any advance word on the opinion, the White House said on Wednesday. Asked where Obama will be when the highly anticipated decision is announced on Thursday morning, White House spokesman Jay Carney said: "In my office." Supreme Court rulings are released in a carefully controlled way. Justices read excerpts from the bench in Washington at the same time as the full judgments are posted online and handed to reporters in paper form. ...


Welcome to the Romney Fundraiser at the Zweigs', One of the World's Most Expensive Homes

Posted: 27 Jun 2012 01:34 PM PDT

While the will he or won't he speculation continues around whether Mitt Romney will appear at a Thursday fundraiser with Donald Trump, he is expected appear at one later that evening at the same location: the penthouse at the Pierre in New York City. The...

Health care ruling to end one campaign mystery

Posted: 27 Jun 2012 01:29 PM PDT

One of the biggest factors in the fight for the White House is still a mystery. But that will change on Thursday.

Obama to Visit Colorado Fire Areas

Posted: 27 Jun 2012 01:29 PM PDT

President Obama announced that he will travel to the fire-plagued areas of Colorado this Friday to "view the damage and thank the responders bravely battling the fire." Obama told Colorado Gov. John Hickenlooper and Colorado Springs Mayor Steve Bach about his plan to visit in...

Lawmakers wrapping up budget to send to governor

Posted: 27 Jun 2012 01:21 PM PDT

Democratic lawmakers rushed Wednesday to wrap up work on nearly two dozen budget-related bills intended to satisfy the governor's demand for deeper cuts to close a $15.7 billion deficit.

Mississippi's sole abortion clinic sues over new law

Posted: 27 Jun 2012 01:21 PM PDT

TUPELO, Mississippi (Reuters) - The lone abortion facility in Mississippi asked a federal court on Wednesday to block a new state law that will require doctors who perform the controversial procedure to have admitting privileges at a local hospital. The law, set to take effect on Sunday, threatens to make Mississippi the only U.S. state without an abortion clinic. Some anti-abortion state lawmakers say they hope that would mean an end to abortions there. ...

U.S. should be open to crude oil exports: EIA head

Posted: 27 Jun 2012 01:11 PM PDT

WASHINGTON (Reuters) - The United States should be open to exporting domestically produced crude oil, the head of the Energy Information Administration said on Wednesday, arguing that such exports could actually benefit the U.S. economy. Adam Sieminski, the former Deutsche Bank economist who was sworn in as EIA administrator earlier this month, said selling U.S. oil abroad could help provide a market for light sweet crude produced from shale formations in places like North Dakota, since the Gulf coast refining hub is more suited to process heavier crudes. ...

House Democrats want more open Pacific trade talks

Posted: 27 Jun 2012 01:06 PM PDT

Two-thirds of House Democrats on Wednesday wrote to the White House's top trade official complaining they are being left out of the loop as the Obama administration negotiates the most consequential trade deal in decades, the Trans-Pacific Partnership Free Trade Agreement.

Tea Party Candidates Losing Steam in 2012

Posted: 27 Jun 2012 01:04 PM PDT

Tea Party candidates seem to lack the momentum and, well, victory rate that they enjoyed two years ago, particularly with regard to Senate races. With four months to go until the general election, and several states yet to hold their state and congressional primaries, it's too...

Iran says ready to help solve Syria crisis

Posted: 27 Jun 2012 01:00 PM PDT

UNITED NATIONS (Reuters) - Iran is ready to help international envoy Kofi Annan's bid to bring peace to Syria, but if some countries do not want Tehran at a meeting of global powers then "that's their problem," Iran's U.N. Ambassador Mohammad Khazaee said on Wednesday. The meeting, called by Annan, will take place in Geneva on Saturday to work out a way to end the worsening conflict in Syria and bring about a political transition. The United States, Britain and France objected to any Iranian participation because of stalled talks over Tehran's nuclear program. ...

Mexico would need major reforms for better rating: Fitch

Posted: 27 Jun 2012 12:57 PM PDT

MEXICO CITY (Reuters) - Meaningful reforms to Mexico's energy sector and tax base after Sunday's presidential election could move the country toward a higher credit rating, a top official with ratings agency Fitch said on Wednesday. Any boost to growth from reforms, though, would have to be weighed against a worsening global environment, said Shelly Shetty, who heads sovereign ratings for Fitch in Latin America. Opinion polls give front-runner Enrique Pena Nieto a wide lead ahead of the vote, putting the opposition Institutional Revolutionary Party, or PRI, on track to return to power. ...

Argentina's Moyano ups the ante with truck strike

Posted: 27 Jun 2012 12:53 PM PDT

BUENOS AIRES (Reuters) - Thousands of striking Argentine truckers rallied outside the presidential palace on Wednesday to demand tax cuts in the biggest protest against President Cristina Fernandez's rule since a 2008 farm revolt. Their one-day strike was led by Hugo Moyano, a gruff truck driver who has gone from being a close ally of Fernandez to become one of her most dangerous rivals in less than 18 months. Moyano is running for re-election as head of the country's CGT labor federation. ...

Obama: (Insert Issue Here) 'It's the Right Thing to Do'

Posted: 27 Jun 2012 12:47 PM PDT

Doing the right thing seems to be hard for everyone, except President Obama. He always seems to know the "right thing to do." Indeed, he uses his presidential remarks to instruct the American people on the right thing to do over and over again. At...

Egypt's Islamist president-elect seeks wide support

Posted: 27 Jun 2012 12:35 PM PDT

The Muslim Brotherhood's President-elect Mohamed Mursi meets with Egyptian political leaders and activists at the presidential palace in CairoCAIRO (Reuters) - Islamist President-elect Mohamed Mursi began talks on Wednesday with groups nervous about where he will take Egypt after the generals who have ruled since Hosni Mubarak's fall make way for the republic's first civilian leader. U.S. Secretary of State Hillary Clinton urged Mursi to bring diverse groups into his government, mentioning Egypt's Coptic Christian minority, secular-minded Egyptians and young people. The U.S. ...


Lawmakers reach tentative deal on highway bill

Posted: 27 Jun 2012 12:22 PM PDT

Congressional leaders have tentatively agreed on a two-year bill to overhaul federal highway programs that drops a requirement that the government approve the Keystone XL oil pipeline.

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