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Obama to propose $300 billion jobs package: report

WASHINGTON (Reuters) – President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans to lay out a $300 billion job-creation package on Thursday, CNN reported, citing Democratic sources. The proposed new spending, to be announced by Obama in a nationally televised speech to Congress, would be offset…

Progressive tax system associated with greater happiness: study

The more progressive a tax system — where higher tax brackets have higher tax rates — the more likely people are to report feeling they live the “best possible life,” according to a new study comparing 54 nations. “The more progressive the tax policy is, the happier the citizens are,”…

U.S. Postal Service urges legal changes to avert default

WASHINGTON — The US Postal Service faces default by the end of September without legislative relief, and it plans to slash one in four jobs to reduce costs, the head of the public company said Tuesday. Postmaster General Patrick Donahoe told Senate lawmakers that without legislative changes, the Postal Service…

Trumka: Chances are AFL-CIO will endorse Obama for 2012

Richard Trumka, president of the largest federation of unions in the U.S., said Tuesday on MSNBC that the AFL-CIO would probably endorse President Barack Obama in 2012. “President Obama has been a friend for us,” Trumka said. He previously threatened to withdraw the AFL-CIO’s attendance at the upcoming Democratic convention…

Wisconsin cut $635 per student under Gov. Scott Walker’s budget

Wisconsin was first among 24 states in reducing state education aid since last year, according to a report by the Center on Budget and Policy Priorities, a Washington-based think tank. State spending per student dropped $635 from the last fiscal year, thanks to Wisconsin Gov. Scott Walker’s budget, which took…

Cheney refuses to admit making any mistakes

During an interview with CNN’s Wolf Blitzer on Tuesday, former Vice President Dick Cheney defended the all decisions made during the Bush administration, refusing to say he made any mistakes at all. “I pointed out to the former vice president that everyone makes mistakes, and there’s nothing wrong with admitting…

Sen. Kirk: Pakistan ‘main threat’ to Afghanistan

CHICAGO — Pakistan is the “main threat” to Afghanistan and its intelligence service is “the biggest danger” to the government in Kabul, a US senator recently returned from the region warned Tuesday. Republican Senator Mark Kirk, just returned from a two-week stint serving as a US Naval Reserve Intelligence Commander,…

Obama poll ratings dive as job speech looms

WASHINGTON — President Barack Obama’s poll numbers crashed to new lows ahead of his crucial speech Thursday aimed at tackling zero US job growth and reviving his own political fortunes. Opinion polls revealed a mood of deep pessimism in the American electorate, amid high unemployment and economic anxiety, and suggested…

Gunman kills national guardsmen in Nevada diner shooting

LOS ANGELES — A gunman opened fire on a group of national guardsman at a Nevada restaurant Tuesday, killing three people before ending the breakfast-time rampage by turning the gun on himself. At least two of the dead were military personnel, according to Carson City Sheriff Ken Furlong, who said…

Ron Paul’s latest ad slams Rick Perry as ‘Al Gore’s Texas cheerleader’

Congressman Ron Paul’s presidential campaign released a new advertisement on Tuesday that attacks his rival Texas Gov. Rick Perry for his involvement in Al Gore’s 1988 presidential bid. The ad also highlights Paul’s early support for former President Ronald Reagan The 60-second spot will be aired in New Hampshire and…

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