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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…

US lawmakers target ‘rogue websites’ with online infringement act

Democratic and Republican members of the US Congress pledged Monday to pass legislation that would give US authorities more tools to crack down on websites engaged in piracy of movies, television shows and music and the sale of counterfeit goods. Senator Patrick Leahy, a Democrat from Vermont who chairs the…

Olbermann tells College Republican that ‘most conservatives are wildly stupid’

Former MSNBC host Keith Olbermann returned to his alma mater, Cornell University, last week to give a short talk to students there. During a question-and-answer period, Olbermann told one student, who identified himself as a member of the College Republican National Committee, that “most conservatives are wildly stupid.” This video…

Mercedes-Benz recalls U.S. M-Class vehicles

DETROIT (Reuters) – Daimler AG’s Mercedes-Benz is recalling 136,750 M-Class and M-Class AMG vehicles in the United States made from 1999 to 2004 for issues related to cruise control that may lead to a crash, U.S. federal safety regulators said. A filing with the U.S. National Highway Traffic Safety Administration shows that…

Google could be target of FTC antitrust probe: report

NEW YORK (Reuters) – The Federal Trade Commission is considering an antitrust investigation of Google Inc’s dominance of the Web search industry, Bloomberg reported on Monday, citing two people familiar with the matter. Before deciding whether to launch such an investigation, the FTC is waiting for the Justice Department to decide whether…

Rep. Paul Ryan proposes $6 trillion in spending cuts

WASHINGTON (Reuters) – Government spending would plummet by nearly $6 trillion over the coming decade under a Republican plan due to be unveiled on Tuesday, in a sharp contrast to President Barack Obama’s fiscal plan. The plan, crafted by House Budget Committee Chairman Paul Ryan, envisions a total spending cut…

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