Yahoo! News: Politics News

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• Romney plans to use federal blind trust if elected
• Nation's unions lost big in the Wisconsin showdown
• What $40,000 gets you in presidential fundraising
• Nation's unions lost big in the Wisconsin showdown
• Here Comes the Green Party: More Jobs, Pot, No 'Servants to Wall Street'
• Spain to show has market access, but at steep cost
• Merkel plays down expectations for June EU summit
• Foreign powers discuss "additional steps" on Syria
• Nasdaq's $40 million offer for Facebook losses draws criticism
• Romney plans to use federal blind trust if elected
• No verdict yet in Philadelphia church sex abuse trial
• White House, McCain trade accusations over security leaks
• Republicans attack Obama over glitzy fundraisers
• Feds attack California's medical marijuana trade-again
• Guyana oil exploration stirs up Venezuela border dispute
• Romney: Voters backed conservative values in Wis.
• U.N. reports on Ugandan warlord's crimes against children
• Nasdaq offers $40 mln to cover Facebook losses
• U.S. nuclear submarine fire linked to vacuum cleaner
• An array of perks for presidential campaign donors
• At least 78 killed in Syria's Hama province
• Canada's PM looks askance at IMF help for Europe
• Mexico's Lopez Obrador rules out Venezuelan model
• TB survey in China finds drug resistance rife
• Wisconsin recall raises warning flags for Obama
• Cruel June for Obama, Dems _ and could get worse
• Top Obama aide: White House open to "balanced" debt deal
• Maxine Waters Ethics Probe Continues
• Exclusive: Drones "inhumane", dead al Qaeda man's family says
• Mexican presidency front-runner's image used to promote adultery
• Ethics panel says Rep. Waters was treated fairly
• White House veto threat on repeal of medical tax
• States that could be new union battlegrounds

Romney plans to use federal blind trust if elected Posted: 06 Jun 2012 02:54 PM PDT Republican presidential candidate Mitt Romney would, if elected president, place his sizable fortune in a blind trust.

Nation's unions lost big in the Wisconsin showdown Posted: 06 Jun 2012 03:14 PM PDT Gov. Scott Walker's definitive victory in Wisconsin's recall election is already reverberating in other state capitals. It exposed the shrunken political muscle of the unions that tried to oust him, underscoring their vulnerability to attacks from the right and inability to retaliate.

What $40,000 gets you in presidential fundraising Posted: 06 Jun 2012 01:24 PM PDT If you have $40,000 to spend, President Barack Obama's campaign has a deal for you.

Nation's unions lost big in the Wisconsin showdown Posted: 06 Jun 2012 03:14 PM PDT Gov. Scott Walker's definitive victory in Wisconsin's recall election is already reverberating in other state capitals. It exposed the shrunken political muscle of the unions that tried to oust him, underscoring their vulnerability to attacks from the right and inability to retaliate.

Here Comes the Green Party: More Jobs, Pot, No 'Servants to Wall Street' Posted: 06 Jun 2012 03:08 PM PDT Hey, America: How would you like 25 million jobs, the end of unemployment and guaranteed college education? Those are just some of the promises made by Jill Stein, a 60-something Harvard graduate, doctor, musician and, as of last night, the Green Party's nominee-in-waiting for president....

Spain to show has market access, but at steep cost Posted: 06 Jun 2012 03:05 PM PDT MADRID (Reuters) - Spain should show it still has access to credit markets when it sells bonds on Thursday, though there is growing concern over the government's capacity to prop up ailing banks and go on paying the high interest rates it is being charged. ...

Merkel plays down expectations for June EU summit Posted: 06 Jun 2012 03:02 PM PDT BERLIN (Reuters) - German Chancellor Angela Merkel played down expectations on Thursday that a European summit at the end of the month could produce a master plan for the future of Europe but said it would come up with an agenda to integrate further. "I don't believe that there will be one single summit that will decide the big throw," Merkel said in an interview with ARD public broadcasters to be aired later on Thursday. "But what we have been doing for some time, and on which a working plan will certainly be presented in June, is to say we need more Europe," she added. ...

Foreign powers discuss "additional steps" on Syria Posted: 06 Jun 2012 03:01 PM PDT ISTANBUL (Reuters) - Ministers and high-level envoys from 15 countries and the European Union agreed on Wednesday at a meeting on Syria to convene a "coordination group" to provide support to the Syrian opposition, host country Turkey said in a statement. Representatives at the meeting in Istanbul attended by U.S. Secretary of State Hillary Clinton and ministers and high-level envoys from Turkey and European and Arab states discussed "additional steps" including coordination on an "effective and credible transition process" to lead to a "democratic, post-Assad Syria". ...

Nasdaq's $40 million offer for Facebook losses draws criticism Posted: 06 Jun 2012 02:57 PM PDT (Reuters) - Nasdaq OMX Group Inc said it will offer $40 million in cash and rebates to clients harmed by its mishandling of Facebook Inc's market debut. But the proposed compensation, subject to approval by regulators, drew sharp criticism from rival exchanges for its use of rebates and from clients claiming losses far in excess of what Nasdaq is offering. Nasdaq said on Wednesday $13.7 million would be paid to its affected member firms and the balance would be credited to members to reduce trading costs, with all benefits expected to be awarded within six months. ...

Romney plans to use federal blind trust if elected Posted: 06 Jun 2012 02:54 PM PDT Republican presidential candidate Mitt Romney would, if elected president, place his sizable fortune in a blind trust.

No verdict yet in Philadelphia church sex abuse trial Posted: 06 Jun 2012 02:48 PM PDT NEW YORK (Reuters) - A Philadelphia jury ended its fourth day of deliberations on Wednesday without reaching a verdict in the child sex abuse trial of a Roman Catholic monsignor, the highest-ranking U.S. clergyman to stand trial in the church's wide-ranging pedophilia scandal. Monsignor William Lynn, who for 12 years as secretary of the clergy supervised hundreds of priests in the Philadelphia Archdiocese, is accused of conspiracy and child endangerment. If convicted on all charges, he faces the possibility of 21 years in prison. The jury in Common Pleas Court before Judge M. ...

White House, McCain trade accusations over security leaks Posted: 06 Jun 2012 02:47 PM PDT WASHINGTON (Reuters) - The White House and a leading Republican senator accused each other of being "grossly irresponsible" on Wednesday in connection with a recent series of leaks of national security data. White House spokesman Jay Carney denied allegations made by Senator John McCain a day earlier that the apparent leaks by administration officials must have been politically motivated to boost President Barack Obama's stature ahead of his attempted re-election this fall. ...

Republicans attack Obama over glitzy fundraisers Posted: 06 Jun 2012 02:43 PM PDT SAN FRANCISCO (Reuters) - As President Barack Obama began a West Coast fundraising tour to raise millions for his re-election campaign, Republicans seized on the glitzy events to paint him as out of touch with Americans struggling with economic distress. Obama spoke with well-heeled donors at two events in San Francisco on Wednesday and was to fly later to Los Angeles to headline a Beverly Hills gala with gay and lesbian activists. ...

Feds attack California's medical marijuana trade-again Posted: 06 Jun 2012 02:38 PM PDT LOS ANGELES (Reuters) - Federal authorities opened the latest front in their war on California's massive medical marijuana industry this week, filing property forfeiture lawsuits in a bid to shut down three dispensaries and sending warning letters to 34 people. The moves by the U.S. Attorney's Office in Los Angeles are the latest in an ongoing crackdown on what federal prosecutors say is a flourishing network of illegal cannabis suppliers operating across California under the cover of the state's medical marijuana law. ...

Guyana oil exploration stirs up Venezuela border dispute Posted: 06 Jun 2012 02:34 PM PDT CARACAS (Reuters) - Venezuela's opposition accused the government on Wednesday of turning a blind eye to neighboring Guyana's oil exploration in a border region claimed by Venezuela, potentially inflaming a territorial dispute that dates back more than a century. The conflict was stirred up in recent days by local media reports that Exxon Mobil Corp, in partnership with Royal Dutch Shell, is exploring for crude off the coast of the disputed Essequibo region. The two South American nations squabbled over the area, which is the size of the U.S. State of Georgia, for much of the 20th century. ...

Romney: Voters backed conservative values in Wis. Posted: 06 Jun 2012 02:34 PM PDT Mitt Romney said Wednesday that conservatives should be emboldened by the failed attempt to recall Wisconsin's Republican governor. He also said the favorable outcome for Republicans could offer a dose of hope for his presidential campaign.

U.N. reports on Ugandan warlord's crimes against children Posted: 06 Jun 2012 02:32 PM PDT UNITED NATIONS (Reuters) - U.N. Secretary-General Ban Ki-moon has submitted his first report to the Security Council detailing grave crimes committed against children by Ugandan warlord Joseph Kony and his feared Lord's Resistance Army, the U.N. announced on Wednesday. Kony has evaded the region's militaries for nearly three decades, kidnapping tens of thousands of children to fill the ranks of his Lord's Resistance Army and serve as sex slaves as he moves through the bush. Thousands have been killed by his brutal army. ...

Nasdaq offers $40 mln to cover Facebook losses Posted: 06 Jun 2012 02:31 PM PDT REUTERS - Nasdaq OMX Group Inc said it will offer cash and rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc's initial public offering, an amount well short of the losses claimed by top market makers for the IPO. After approval by regulators, Nasdaq said on Wednesday, $13.7 million would be paid to its affected member firms and the balance would be credited to members to reduce trading costs, with all benefits expected to be awarded within six months. ...

U.S. nuclear submarine fire linked to vacuum cleaner Posted: 06 Jun 2012 02:30 PM PDT BOSTON (Reuters) - A fire that caused an estimated $400 million in damage to a U.S. Navy nuclear-powered submarine docked in Maine may have been caused by a vacuum cleaner, authorities said on Wednesday. The fire in the forward compartment - which includes crew living, command and control spaces and the torpedo room - of the USS Miami on May 23 took about 12 hours to extinguish and injured seven firefighters. ...

An array of perks for presidential campaign donors Posted: 06 Jun 2012 02:29 PM PDT Write a really big check and President Barack Obama will take a picture with you and swap political strategy. He'll even feed you a fancy meal on fine wares at the plush home of a Hollywood celebrity or Wall Street tycoon. Give Republican presidential challenger Mitt Romney a large check and he may go a step further and invite you to a private dinner.

At least 78 killed in Syria's Hama province Posted: 06 Jun 2012 02:21 PM PDT BEIRUT (Reuters) - Activists said pro-government militia men and security forces killed at least 78 people, including children, in Syria's central province of Hama on Wednesday. Some of those killed in the village of Mazraat al-Qabeer were stabbed to death, the activists said, and at least 12 bodies had been burned. Some activists who spoke to Reuters said at least 40 of the victims were women and children. Syria's 15-month revolt against President Bashar al-Assad's rule has grown increasingly bloody in recent months, raising concerns the country may be slipping towards civil war. ...

Canada's PM looks askance at IMF help for Europe Posted: 06 Jun 2012 02:19 PM PDT OTTAWA (Reuters) - Europe should do more itself before asking for help from the International Monetary Fund to deal with its debt crisis, Canadian Prime Minister Stephen Harper said in an interview with the Financial Times, published on Wednesday. "Europe is one of the wealthiest parts of the planet. We would hope that it doesn't get to the stage where the rest of the world has to rescue Europe," he said in the interview in London. Canada, like the United States, has long said it would not provide funds to help Europe out of the debt crisis. ...

Mexico's Lopez Obrador rules out Venezuelan model Posted: 06 Jun 2012 02:09 PM PDT MEXICO CITY (Reuters) - Mexican leftist presidential candidate Andres Manuel Lopez Obrador said on Wednesday he rejects the socialist policies of Venezuelan President Hugo Chavez, responding to market concerns he could put the economy at risk if elected. The former mayor of Mexico City has been gaining on front-runner Enrique Pena Nieto of the Institutional Revolutionary Party (PRI) over the past few weeks, though he still trails by double-digits in most polls ahead of the July 1 vote. ...

TB survey in China finds drug resistance rife Posted: 06 Jun 2012 02:04 PM PDT LONDON (Reuters) - Health experts are calling for faster testing of the 9 million people worldwide estimated to be infected with tuberculosis each year after a study in China found drug-resistant strains were rife. The study, published in the New England Journal of Medicine on Wednesday, gives the first nationwide estimate of the scale of the tuberculosis (TB) problem in China, where there are more than a million new infections every year. It found that one in 10 Chinese patients newly diagnosed or recently treated for TB had a drug-resistant strain of the highly contagious lung disease. ...

Wisconsin recall raises warning flags for Obama Posted: 06 Jun 2012 02:00 PM PDT WASHINGTON (Reuters) - Republican Wisconsin Governor Scott Walker's recall victory raised numerous warning flags for President Barack Obama and his fellow Democrats, who badly flunked the first big political test of the 2012 campaign. Walker's surprisingly easy win over Democrat Tom Barrett on Tuesday was fueled by a big turnout from a motivated Republican base of voters, and by heavy spending by out-of-state conservatives who flooded Wisconsin with campaign cash. ...

Cruel June for Obama, Dems _ and could get worse Posted: 06 Jun 2012 01:56 PM PDT Just one week old, June already is proving a cruel month for President Barack Obama and the Democrats — and it could get a lot worse.

Top Obama aide: White House open to "balanced" debt deal Posted: 06 Jun 2012 01:55 PM PDT WASHINGTON (Reuters) - A top economic aide to President Barack Obama on Wednesday reiterated the administration was open to a sweeping deal to slow the rise in U.S. debt, provided that it was "balanced" and included tax revenues as well as spending cuts. Wading into the debate over the country's looming 'fiscal cliff' amid calls for Obama to extend Bush-era tax cuts for wealthier Americans, White House National Economic Council Director Gene Sperling said the sacrifice must be broad-based. ...

Maxine Waters Ethics Probe Continues Posted: 06 Jun 2012 01:52 PM PDT The ethics investigation of Maxine Waters, the California representative accused of steering $12 million in TARP funds to a minority-owned bank with ties to her husband, is set to resume. Today the House committee on Ethics released a letter to Waters, dismissing the embattled Democrat's allegations that...

Exclusive: Drones "inhumane", dead al Qaeda man's family says Posted: 06 Jun 2012 01:52 PM PDT TRIPOLI (Reuters) - The brother of al Qaeda's second-in-command, who was killed in a U.S. drone strike, said Washington's use of the remote-controlled weapons is inhumane and makes a nonsense of its claims to champion human rights. U.S. officials said on Tuesday that Libyan-born al Qaeda operative Abu Yahya al-Libi was killed by a drone strike in Pakistan, in what was described as a major blow to the militant group. The attack is likely to fuel an increasingly fierce debate about the legality and morality of the drones, which have become one of the chief U.S. ...

Mexican presidency front-runner's image used to promote adultery Posted: 06 Jun 2012 01:48 PM PDT MEXICO CITY (Reuters) - Mexican presidential front-runner Enrique Pena Nieto has become the unwitting poster boy for a website promoting adultery after he admitted cheating on his first wife. A new Mexican billboard by ashleymadison.com, a site that helps married people arrange affairs, shows Pena Nieto with an index finger over his lips in a hushing gesture. Next to him are the words: "Unfaithful to his family. Faithful and committed to his country. ...

Ethics panel says Rep. Waters was treated fairly Posted: 06 Jun 2012 01:47 PM PDT The House Ethics Committee concluded Wednesday that Rep. Maxine Waters' rights weren't violated in an ongoing investigation, clearing the way for the panel to determine whether the California Democrat improperly tried to steer federal money to a bank where her husband is a shareholder.

White House veto threat on repeal of medical tax Posted: 06 Jun 2012 01:41 PM PDT White House officials threatened a veto Wednesday of a Republican bill that would repeal a tax on the makers of many medical devices sold in the U.S., in the latest partisan clash over President Barack Obama's health care overhaul.

States that could be new union battlegrounds Posted: 06 Jun 2012 01:37 PM PDT States that could see renewed efforts to pass anti-union measures in the wake of Wisconsin's recall election:

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