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Paul Ryan: Don’t call it a ‘super committee’

House Budget Committee Chairman Rep. Paul Ryan (R-WI) has plenty on his plate to worry about, between the threat of another Standard & Poor’s debt downgrade and the world market’s panic over the U.S.’s economic woes. At least one of his problems, however, is not so super. Ryan would like…

Hugh Carey, former N.Y. ‘governor for hard winters’, dies age 92

NEW YORK (Reuters) – Former New York Governor Hugh Carey, a fiscal hawk who tamed a potentially ruinous fiscal crisis in the Empire State in the 1970s, died on Sunday at his summer home on Long Island, officials said. He was 92. Carey, a Democrat, was New York’s 51st governor,…

Obama, Karzai speak after Afghan chopper crash: U.S.

US President Barack Obama and his Afghan counterpart Hamid Karzai reaffirmed their commitment to Afghanistan on Sunday after the death of 38 troops in a helicopter crash, the White House said. Thirty US soldiers, reportedly including some two dozen special forces, were killed when Taliban insurgents shot down a Chinook…

World leaders search for response to U.S.-Euro debt crisis

World leaders searched Sunday for answers to a global debt crisis, hoping to head off a massacre on markets spooked by an unprecedented US rating downgrade and Europe’s swelling malaise. France and Germany called for full implementation of measures agreed at a eurozone summit in July to safeguard the single…

Schieffer confronts top Obama adviser: ‘Is this going to be a one-term presidency?’

At the beginning of his presidency, President Barack Obama gave an interview to Matt Lauer in which he said that “three years from now,” Americans would be able to decide whether he deserved a second term. Those three years have passed, and Sunday morning, Bob Schieffer asked David Axelrod that…

Geithner to stay on as Treasury chief through 2012

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner has told President Barack Obama that he intends to stay on the job, Treasury said in a statement on Sunday afternoon. “Secretary Geithner has let the president know that he plans to stay on in his position at Treasury,” Assistant Treasury Secretary Jenni…

Howard Dean: Tea party has been ‘smoking some of that tea’

Former Vermont Gov. Howard Dean (D) explained Sunday that S&P’s downgrade of U.S. credit was primarily the fault of the tea party. “I think the Standard & Poor’s downgrade is a good thing because I think it underlines the fact that you can’t get out of this without raising revenues,”…

Four Republican presidential candidates sign NOM marriage pledge

Tim Pawlenty has become the latest Republican presidential candidate to sign a pledge from the National Organization for Marriage (NOM), according to Politico. The group is dedicated to fighting same sex marriage and preventing same sex couples from adopting children. Republican candidates Michele Bachmann, Rick Santorum and Mitt Romney have…

Tea party leader: ‘The left’ has ‘killed a billion people’ in last century

At a Wisconsin rally on Saturday, Judson Phillips, CEO of “Tea Party Nation”, one of the many tea party splinter groups, claimed that “the left” has “killed a billion people in the last century”. According to Politico, Phillips and other speakers heated up the rhetoric around Tuesday’s historic recall elections,…

S&P head: Agency may downgrade U.S. again

The head of Standard & Poor’s sovereign ratings said Sunday that the agency may downgrade the U.S. again. “Given the economic and political situation in the U.S., which will we see, an upgrading back to AAA or further downgrades?” Fox News’ Chris Wallace asked David Beers. “We have a negative…

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