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Republicans in disarray after collapse of Boehner plan

WASHINGTON (Reuters) – Republican leaders will scramble to rescue their budget deficit-cutting plan on Friday after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default. House of Representatives Speaker John Boehner’s failure to round up enough support for his plan on Thursday exposed a…

WATCH LIVE: Boehner provides update on debt ceiling vote

House Speaker John Boehner makes a statement regarding the current state of ongoing debt talks between Democrats and Republicans. Watch this live video from MSNBC, broadcast July 28, 2011. Visit msnbc.com for breaking news, world news, and news about the economy…

Congress passes $38 billion spending cut bill

WASHINGTON – The Congress on Thursday approved $38 billion in spending cuts this year as part of a bill to fund the federal government through September 30, sending the legislation to President Barack Obama to sign into law. After months of wrangling between Democrats and Republicans, the Senate voted 81…

Obama tax credit will support 1 million workers: report

WASHINGTON (Reuters) – A plan to expand and make permanent a popular research tax credit will support 1 million workers, the Obama administration said in a report it released on Friday. “The credit is a significant incentive to conduct research that would not otherwise be performed here in the U.S.,”…

US Congress approves another stopgap budget

WASHINGTON (AFP) – The US Senate on Thursday approved the latest in a series of stopgap measures designed to keep the government running, as lawmakers failed to hammer out a definitive federal budget deal. The temporary spending measure, which passed by a vote of 87 to 13, is the sixth-short…

‘We can’t go backward,’ Obama warns on day of health care repeal vote

With the Republican-controlled House of Representatives slated to pass a bill Wednesday night repealing the sweeping health care overhaul, President Barack Obama fired a warning shot to his adversaries. “Today, the American people have greater health security than they did a year ago,” Obama said in a prepared statement. “Because…

Stewart: ‘Technically true’ that Bush is a war criminal

In a mostly serious and civil interview, Comedy Central’s Jon Stewart appeared on MSNBC Thursday to temporarily become part of the cable news “24-hour political pundit perpetual panic conflictonator.” Stewart explained that he agreed to the interview in an effort to clear up misperceptions about his “Rally to Restore Sanity…

Republican Cynthia Lumis: My constituents planning suicide over estate tax return

The struggling economy has been rough on many Americans, but it’s been exceptionally rough on rich people in Wyoming, according to the state’s lone House representative. Republican Cynthia Lumis claimed in a news conference that the possible return of the estate tax is causing some of her constituents to commit…

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