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Aug 1, 2012

U.S. ‘Fast and Furious’ gun case doomed by reckless strategy -report

WASHINGTON (Reuters) – The failed U.S. gun-running probe known as “Fast and Furious” was marred by missteps and an “inherently reckless strategy” from the beginning, said a report released on Tuesday by congressional Republicans.

The Justice Department dismissed the report released by House Oversight and Government Reform Committee Chairman Darrell Issa and Senator Charles Grassley. Justice Department spokeswoman Tracy Schmaler said it reiterated “distortions and now-debunked conspiracy theories.”

Aug 1, 2012

‘Fast and Furious’ gun case doomed by reckless strategy: report

WASHINGTON (Reuters) – The failed gun-running probe known as “Fast and Furious” was marred by missteps and an “inherently reckless strategy” from the beginning, said a report released on Tuesday by congressional Republicans.

The Justice Department dismissed the report released by House Oversight and Government Reform Committee Chairman Darrell Issa and Senator Charles Grassley. Justice Department spokeswoman Tracy Schmaler said it reiterated “distortions and now-debunked conspiracy theories.”

Jul 24, 2012

CBO says court’s healthcare ruling could save $84 billion

WASHINGTON (Reuters) – The non-partisan U.S. Congressional Budget Office said on Tuesday that the Supreme Court ruling that upheld President Barack Obama’s healthcare law could save the government some $84 billion over 11 years.

The savings comes largely from a portion of the decision giving the states an escape hatch from the law’s expanded program of healthcare coverage for the poor. That expansion is funded jointly by the federal and state governments through the Medicaid program, so that any state that drops out gets less federal money.

Jul 23, 2012

Tax cut votes prelude to bigger “fiscal cliff” fight

WASHINGTON (Reuters) – The Congress is set to begin debating this week whether to extend hundreds of billions of dollars in expiring tax cuts in what amounts to a round of shadow boxing in advance of the real battle after the November elections.

Both the Democratic-led Senate and Republican-led House of Representatives will take up the expiring tax rates in coming days, but the outcomes will be very different and will settle nothing.

Jul 23, 2012

U.S. tax cut votes prelude to bigger “fiscal cliff” fight

WASHINGTON, July 23 (Reuters) – The U.S. Congress is set to
begin debating this week whether to extend hundreds of billions
of dollars in expiring tax cuts in what amounts to a round of
shadow boxing in advance of the real battle after the November
elections.

Both the Democratic-led Senate and Republican-led House of
Representatives will take up the expiring tax rates in coming
days, but the outcomes will be very different and will settle
nothing.

Jul 20, 2012

Panetta orders Pentagon to monitor media for information leaks

WASHINGTON (Reuters) – Defense Secretary Leon Panetta ordered senior Pentagon officials on Thursday to begin monitoring major U.S. news media for disclosures of classified information in an effort to stop the release of government secrets after a series of high-profile leaks.

The announcement came hours after Panetta and other senior defense officials appeared before a closed-door hearing of the House of Representatives Armed Services Committee to discuss recent disclosures of classified security information.

Jul 17, 2012

CEO group says impending US “fiscal cliff” a risk to economy

WASHINGTON, July 17 (Reuters) – The Business Roundtable,
which represents U.S. CEOs in Washington, on Tuesday called on
Congress and the President to enact a stopgap measure to avoid
the “crisis” of a “fiscal cliff” of major tax hikes and spending
cuts, saying the uncertainty was slowing economic growth and job
creation.

In a letter, released and signed by its chairman, Boeing
President and CEO W. James McNerney, Jr., the group said “the
current political paralysis” in the nation’s capital “has fueled
needless economic uncertainty that impedes a more robust
economic recovery. Without effective action soon, this
uncertainty will spawn a dangerous crisis, threatening our
economy, businesses and workers.”

Jul 11, 2012

US House votes to repeal Obama healthcare law, again

WASHINGTON, July 11 (Reuters) – The Republican-led U.S.
House of Representatives, on a near party-line vote of 2 44- 1 85,
passed a bill on Wednesday to repeal President Barack Obama’s
overhaul of the U.S. healthcare system.

Just like previous House efforts to end all or parts of the
two-year-old healthcare law, the bill is certain to be stopped
by Obama’s fellow Democrats who control the Senate.

Jul 11, 2012

US House set to vote to repeal Obama healthcare law, again

WASHINGTON, July 11 (Reuters) – The Republican-led U.S.
House of Representatives headed toward a symbolic and mostly
party-line vote on Wednesday to repeal President Barack Obama’s
overhaul of the U.S. healthcare system.

With both sides jockeying for position in the Nov. 6
elections, the House was certain to pass a bill to end the
2-year-old healthcare law. And the Democratic-led Senate was
just as certain to reject the bill and allow the law to stand.

Jul 10, 2012

New name, old campaign as Republicans wage war on “Obamacare”

WASHINGTON (Reuters) – Since Republicans took control of the House of Representatives, they have introduced by their own count 30 bills to get rid of or gut the law they call “Obamacare,” bearing titles such as the “Reclaiming Individual Liberty Act,” the “repeal the Job killing health care law” act and the “NObamacare Act of 2012.”

On Tuesday they began debate on the 31st, the “Repeal of the Obamacare Act,” which is certain to win passage when the House votes on Wednesday and just as certain to go no further, since the Senate and White House are both in Democratic hands.

    • About Donna

      "Washington congressional correspondent specializing in economics, taxes and budget issues. Covered the healthcare reform legislation and President George W. Bush's push to overhaul Social Security. Also covered the savings and loan crisis and spent time covering the White House during President Bill Clinton's administration. Covered trade and Federal Reserve policy as well."
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