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Obama cancels fundraisers to deal with debt crisis

President Barack Obama has canceled several fundraising events for his 2012 reelection campaign to deal with the US government debt crisis stalemate, officials said Monday. Obama, who raised some $86 million in the second quarter for his reelection effort, has scrapped events in California and in Seattle, Washington, according to…

NYT writer: James and Rupert Murdoch are ‘done’

With James Murdoch being pursued for allegedly lying to the British Parliament, and his father Rupert on the ropes and refusing to accept any responsibility for the mess his company has created, at least one prominent writer for The New York Times is predicting the downfall of both men. “Mr.…

Coulter: Bachmann probably can’t win

Conservative author Ann Coulter told CBS’ Chris Wragge and Rebecca Jarvis Monday that Republicans are so “obsessed” with finding the perfect presidential candidate because President Barack Obama is vulnerable. “Is the perfect candidate out there?” Wragge asked. “Well, obviously my love, Chris Christie,” Coulter replied. “It’s going to be so…

Palin’s ‘Undefeated’ is defeated at box office, already on pay-per-view

By Glynnis MacNicol Further evidence Sarah Palin has lost her crowd appeal. The Undefeated, the documentary (propaganda film) Palin commissioned about herself ahead of a possible 2012 run, has already bottomed out at theaters. The movie received wide release back in June but failed to catch on with the masses, pulling in…

DSK accuser recounts alleged attack in first TV interview

The 32-year-old hotel maid that accused former IMF chief Dominique Strauss-Kahn of sexual assault is finally telling her story. “I was like, ‘I’m so sorry,’” Nafissatou Diallo recalled to ABC’s Robin Roberts about the time she first saw Strauss-Kahn in a hotel room that was supposed to be empty. “He…

Pelosi seeks ethics probe of Oregon Democrat Wu

WASHINGTON (Reuters) – House of Representatives Democratic leader Nancy Pelosi said she will seek an ethics investigation Monday into sexual misconduct allegations against Representative David Wu. Pelosi called for the investigation after reported accusations that the Oregon Democrat had an unwanted sexual encounter with the teen-aged daughter of a campaign…

Asian shares fall on U.S. default fears

Asian stocks fell on Monday as US talks aimed at raising the country’s debt limit fell apart, raising the spectre of a default, although losses were muted on expectations a deal would be reached. The crisis weighed on the dollar, sending it to its lowest level against the yen since…

U.S. money ended up in Taliban hands: report

US government funds earmarked ostensibly to promote business in Afghanistan have landed in Taliban hands under a $2.16 billion transportation contract, The Washington Post has reported. Citing the results of a year-long military-led investigation, the newspaper said US and Afghan efforts to address the problem have been slow, and all…

Democrats still oppose short-term U.S. debt plan

US President Barack Obama and Democratic congressional leaders Sunday renewed their opposition to any short-term plan to raise the US debt ceiling, a White House official said. Obama met with Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi for just over an hour late Sunday amid intense…

Dem. leaders consider forcing Oregon’s Wu out of office after sex allegations

UPDATE 10:16 ET: Rep. Wu has announced that he will not resign his House seat over allegations of an unwanted sexual encounter, but that he will not seek reelection in 2012, according to a breaking news alert from Politico. “He isn’t going to be running for reelection,” an anonymous Wu…

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