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Obama: Rich must pay fair share of deficit cuts

An impassioned President Barack Obama set up an acerbic and personal clash with Republicans Monday, demanding $1.5 trillion in new taxes on the rich in a plan aimed at slashing the deficit. “This is not class warfare, it is math,” Obama declared, arguing that without tax increases on those who…

WikiLeaks auctions memorabilia to raise funds

Fancy a signed version of a WikiLeaks diplomatic cable, or a sachet of coffee smuggled out of jail by Julian Assange? Then the cash-strapped whistleblowing website has the auction for you. With its coffers empty because of the blocking of credit card payments by major operators including Visa and MasterCard,…

Geithner: Book bears ‘no resemblance’ to reality

Treasury Secretary Tim Geithner said Monday that claims made in a new books “bear no resemblance” to what actually happened in the Obama administration. In “Confidence Men: Wall Street, Washington, and the Education of a President,” by Pulitzer-winning journalist Ron Suskind, a picture of tension is painted between the president…

Obama: ‘This is not class warfare; it’s math’

President Barack Obama Monday introduced his plan to trim the deficit, including a “Buffett rule” — named after billionaire Warren Buffett — which would ensure that people making over $1 million a year would pay a tax rate as high as the people that work for them. “Middle class families…

Conservative legislation mill a driving force behind private prisons

The private industry group ALEC, which creates form legislation that’s been copied and passed by Republicans in numerous states, has been a driving force behind the rise of the private prison industry in America. This brief legislative analysis, by Main Street Insider, explains how that came to be and what…

Don’t Ask, Don’t Tell to be officially lifted Tuesday

Though it’s been months since both chambers of Congress voted to end the military’s Don’t Ask, Don’t Tell policy disallowing openly gay people to serve in the military, not until this week was the policy officially ended. Don’t Ask, Don’t Tell will see its sunset on Tuesday. An estimated 14,000…

WATCH LIVE: Obama announces deficit reduction plan

President Barack Obama was expected Monday to announce his plan to reduce the deficit which may include a higher tax rate for people making over a million dollars a year. The speech was scheduled to begin at 10:30 a.m. ET. Watch this live video from The White House, broadcast Sept.…

Protesters besiege Wall Street, pledging ‘long term’ occupation

After a “day of rage” on Friday that saw over 5,000 protesters march through Wall Street, only to be rebuffed by a police barricade, organizers say their struggle has only just begun. Presently encamped one block from the Federal Reserve are several hundred protesters, in a tent city that’s sprung…

Moody’s stays negative on states, local governments

(Reuters) – Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody’s Investors Service said on Monday. The two sectors of the $3.7 trillion U.S. municipal bond market…

U.S. families call for courts martial over deadly mission

Family members of US war dead from a disastrous Afghan mission — from which a young Marine got the highest US military decoration — called Sunday for senior officers to be court-martialed. Former marine sergeant Dakota Meyer, 23, defied orders and repeatedly drove into a village despite a Taliban firestorm…

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