Obama to renominate Republican to nuclear panel – President Obama will renominate Republican Kristine Svinicki to the Nuclear Regulatory Commission, defying opposition from Senate Majority Leader Harry Reid, a White House official told Reuters. Republicans want Svinicki, whose term as a commissioner expires in June, to stay on the panel and believe the process is being held up because she, along with three other commission members, accused the current NRC chairman, a Democrat, of bullying women. For more of this story by Jeff Mason and Roberta Rampton, read here.
U.S. House passes Republican business tax cut – The Republican-controlled House of Representatives passed a tax break for small businesses, giving voters a stark alternative to President Obama’s politically popular “Buffett Rule” surtax on the wealthy. In an escalating election-year war of words over taxes, the Republican measure, like the Buffett Rule, is not expected to become law. It is opposed by Democrats, who control the Senate, where the bill was expected to die. For more of this story by Kim Dixon, read here.
Lagarde sees deal in making on IMF funding – IMF chief Christine Lagarde said she expects to win a big boost in funding to help the lender contain damage from the euro-zone debt crisis now that Europe has taken significant steps on its own. For more of this story by Lesley Wroughton and Stella Dawson, read here.
US jobless data suggests slowdown in job creation – The number of Americans claiming unemployment benefits for the first time fell only slightly last week, suggesting that job growth in April will not improve much after March’s disappointing performance. Economists viewed the string of weak reports as payback after an abnormally warm winter boosted activity and did not believe that the economy would suffer a repeat of 2011, when growth slowed down sharply in the first half of the year. For more of this story by Lucia Mutikani, read here.