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DNC Chairman Tim Kaine officially running for Senate

Democratic National Committee Chairman and former Virginia Governor Tim Kaine said Tuesday that he’s running to be the next senator from Virginia. In a newly released online video, Kaine announced that he was seeking the seat currently held by Democratic Sen. Jim Webb, who is retiring after just one term.…

Two U.S. citizens killed at Mexico border

TIJUANA, Mexico (Reuters) – Two workers shot to death on Monday while waiting to cross the border from Mexico into the United States were American citizens, the U.S. State Department said. The two men were riding in a pickup truck and about to cross into California at the San Ysidroborder crossing point when they were gunned down…

President Obama’s top 5 broken campaign promises

President Barack Obama came to office on a tide of voters eager to see a change in more than just the White House’s occupant. Two years into his presidency — and one day after he launched his 2012 reelection campaign — and even some of his most ardent supporters are…

GOP proposes to slash Medicare after attacking Dems for cutting Medicare

WASHINGTON – Republicans came out strongly Tuesday in favor of a plan that cuts deep into Medicare and turns it over to the private market in ten years. They’re the same Republicans who spent 2009 and 2010 hammering Democrats for “cutting Medicare” (although the cuts didn’t affect benefits). “We need…

House liberals use Radiohead music to darkly portray GOP budget

The Congressional Progressive Caucus on Tuesday released a darkly atmospheric black-and-white video to the tune of Radiohead’s “Videotape” song, in an effort to attack the House GOP budget. The one-and-a-half minute spot features promises made last year by Republican leaders to create jobs, followed by a headline in the Washington…

Petraeus may be Obama’s next CIA director: report

General David Petraeus, commander of all U.S. and NATO troops in Afghanistan, could become CIA director, multiple sources have reportedly told NPR. The public radio network reported Monday that Petraeus is being “seriously considered” to be the next spy chief, and ” would take the job if offered.” NPR sources…

AIG plans to buy back its bad mortgages

DUBROVNIK, Croatia (Reuters) – Bailed-out insurer American International Group<AIG.N> is working hard to invest cash it set aside for a failed deal to buy back assets from the Federal Reserve, Chief Executive Bob Benmosche said on Tuesday. But the company is still looking at taking part in the auction the Fed set up for the nearly…

GOP leaders champion plan to slash Medicare

WASHINGTON – Republican leaders united Tuesday behind House Budget Committee Chairman Paul Ryan’s (R-WI) newly-released proposal that cuts trillions in federal spending over ten years while ending Medicare and Medicaid as we know it. “Chairman Ryan and the members of the Budget Committee have done an excellent job putting together…

Washington braces for shutdown amid budget impasse

WASHINGTON (Reuters) – Washington braced for a shutdown as Republican and Democratic lawmakers headed to the White House on Tuesday in an attempt to reach a budget deal that would keep the government running beyond Friday. With only four days to cement a deal, the two sides have yet to resolve major…

WATCH LIVE: Rep. Paul Ryan unveils spending cuts plan

Watch the live video below: Visit msnbc.com for breaking news, world news, and news about the economy…

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