Republicans promise limited government (AP)

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• Republicans promise limited government (AP)
• Obama signals compromise with GOP on tax cuts (AP)
• Fed to buy $600 billion in bonds to aid economy (AP)
• Several Senate, governor races remain uncertain (AP)
• Huge volcanic blast spurs more Indonesians to flee (AP)
• Colo. Democrat Bennet wins Senate race (AP)
• See me, Obi-Wan Kenobi: Scientists seek 3-D video (AP)
• Mom in Spain happy that her 10-year-old gave birth (AP)
• Taylor Swift sells more than 1M copies of new CD (AP)
• Thousands cheer on Giants at San Francisco parade (AP)
• GM $13 billion IPO to cut Treasury stake to 43 percent (Reuters)
• Republicans promise to roll back Obama agenda (Reuters)
• Fed takes bold, risky step to bolster economy (Reuters)
• Subdued Obama says suffered a voter "shellacking" (Reuters)
• Private sector October job growth beats expectations (Reuters)
• Special Report - White House to business: Can't we be friends? (Reuters)
• Bush rejects accusations of racism over Katrina (Reuters)
• FBI links shooting at Coast Guard office to others (Reuters)
• Obama rues election 'shellacking' (AFP)
• Parcel plot not linked to international terror, Greece says (AFP)

Republicans promise limited government (AP) Posted: 03 Nov 2010 11:58 AM PDT AP - Emboldened by a commanding House majority and Senate gains, Republican leaders vowed Wednesday to roll back the size of government and, in time, the nation's sweeping health care law. President Barack Obama, reflective after his party's drubbing, accepted blame for failing to deliver the economic security Americans demand while saying of his health overhaul: "This was the right thing to do."

Obama signals compromise with GOP on tax cuts (AP) Posted: 03 Nov 2010 11:58 AM PDT AP - A chastened President Barack Obama signaled a willingness to compromise with Republicans on tax cuts and energy policy Wednesday, one day after his party lost control of the House and suffered deep Senate losses in midterm elections.

Fed to buy $600 billion in bonds to aid economy (AP) Posted: 03 Nov 2010 12:35 PM PDT AP - The Federal Reserve announced a bold plan Wednesday to try to invigorate the economy by buying $600 billion more in Treasury bonds.

Several Senate, governor races remain uncertain (AP) Posted: 03 Nov 2010 10:26 AM PDT AP - Senate races in three states and a handful of gubernatorial races remained extraordinarily close Wednesday and seemed destined for contested vote counts that could drag on for weeks.

Huge volcanic blast spurs more Indonesians to flee (AP) Posted: 03 Nov 2010 01:15 PM PDT AP - Searing gas and molten lava poured from Indonesia's deadly volcano Wednesday in an explosion three times as powerful as last week's devastating blast, chasing people from villages and emergency shelters along its slopes.

Colo. Democrat Bennet wins Senate race (AP) Posted: 03 Nov 2010 01:21 PM PDT AP - Sen. Michael Bennet narrowly defeated tea party Republican Ken Buck on Wednesday, allowing Democrats to hold onto a Senate seat once viewed a prime opportunity for the GOP to make gains.

See me, Obi-Wan Kenobi: Scientists seek 3-D video (AP) Posted: 03 Nov 2010 01:17 PM PDT AP - Scientists say they have taken a big step toward displaying live video in three dimensions — a technology far beyond 3-D movies and more like the "Star Wars" scene where a ghostly Princess Leia image pleads, "Help me, Obi-Wan Kenobi."

Mom in Spain happy that her 10-year-old gave birth (AP) Posted: 03 Nov 2010 01:16 PM PDT AP - A Romanian Gypsy woman whose 10-year-old daughter just gave birth in Spain says she's delighted to have a new granddaughter and doesn't understand why the birth has shocked anyone — let alone become an international sensation.

Taylor Swift sells more than 1M copies of new CD (AP) Posted: 03 Nov 2010 01:16 PM PDT AP - Taylor Swift fans have spoken — more than a million times. The country-pop superstar sold more than 1 million copies of her new album "Speak Now" to debut at the top of the Billboard album chart this week. Billboard.com said Wednesday that it's the biggest debut since 50 Cent's "The Massacre" five years ago.

Thousands cheer on Giants at San Francisco parade (AP) Posted: 03 Nov 2010 01:14 PM PDT AP - Tens of thousands of baseball fans flocked to downtown Wednesday to toast the San Francisco Giants' World Series championship and see their hometown heroes take a victory lap in a ticker-tape parade reminiscent of the one held when the team moved west from New York 52 years ago.

GM $13 billion IPO to cut Treasury stake to 43 percent (Reuters) Posted: 03 Nov 2010 01:12 PM PDT Reuters - General Motors on Wednesday finalized terms for a stock offering of nearly $13 billion to repay a controversial taxpayer-funded bailout and reduce the U.S. Treasury to a minority shareholder.

Republicans promise to roll back Obama agenda (Reuters) Posted: 03 Nov 2010 12:50 PM PDT Reuters - Exuberant Republicans vowed on Wednesday to exercise their new power in Congress to roll back some of President Barack Obama's key accomplishments, but a somber Obama said voters wanted both parties to work harder to find consensus.

Fed takes bold, risky step to bolster economy (Reuters) Posted: 03 Nov 2010 11:56 AM PDT Reuters - The Federal Reserve launched an unorthodox new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

Subdued Obama says suffered a voter "shellacking" (Reuters) Posted: 03 Nov 2010 12:25 PM PDT Reuters - A subdued President Barack Obama on Wednesday pledged to seek compromise with Republicans who won big in congressional elections and admitted he had lost touch with voters who delivered a "shellacking" to him and his Democrats.

Private sector October job growth beats expectations (Reuters) Posted: 03 Nov 2010 06:24 AM PDT Reuters - U.S. companies added to payrolls more than expected in October, slightly boosting optimism about the job market ahead of Friday's government employment report.

Special Report - White House to business: Can't we be friends? (Reuters) Posted: 03 Nov 2010 01:06 PM PDT Reuters - It seemed like the beginning of a beautiful friendship -- or at the very least a functional relationship.

Bush rejects accusations of racism over Katrina (Reuters) Posted: 03 Nov 2010 09:52 AM PDT Reuters - Former President George W. Bush says criticism from some, including prominent rapper Kanye West, that his handling of the 2005 Hurricane Katrina showed he did not care about black people represented "an all-time low."

FBI links shooting at Coast Guard office to others (Reuters) Posted: 03 Nov 2010 09:19 AM PDT Reuters - The FBI has linked a shooting at a U.S. Coast Guard recruiting office in Woodbridge, Virginia to four other similar incidents at military sites around the Washington area, an FBI spokesman said on Wednesday.

Obama rues election 'shellacking' (AFP) Posted: 03 Nov 2010 12:44 PM PDT AFP - President Barack Obama admitted Wednesday he suffered a "shellacking" in mid-term elections, but would not concede the rout represented a massive repudiation of his transformative domestic agenda.

Parcel plot not linked to international terror, Greece says (AFP) Posted: 03 Nov 2010 09:42 AM PDT AFP - A Greek parcel bomb plot that has seen packages mailed to European leaders and foreign embassies in Athens has "no link" to international terror, the government said Wednesday as Europe moved to tighten security.

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