Yahoo! News: Elections

Obama takes blame in Daschle, Killefer controversy (AP) Posted: 03 Feb 2009 11:53 PM CST AP - Barack Obama on Tuesday abruptly abandoned his nomination fight for Tom Daschle and a second major appointee who failed to pay all their taxes, fearing a lingering ethics dispute would undercut his claims to moral high ground and cripple his presidency in just its second week. "I screwed up," Obama declared.

Obama administration to issue executive pay limits (AP) Posted: 03 Feb 2009 11:18 PM CST AP - The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday.

5K rejected Minn. Senate ballots get another look (AP) Posted: 03 Feb 2009 11:56 PM CST AP - The judges in Minnesota's Senate election trial threw Republican Norm Coleman a lifeline on Tuesday, opening the door to adding nearly 5,000 rejected absentee ballots to a race that Democrat Al Franken leads by just 225 votes.

On Day 1, Holder promises break with Bush policies (AP) Posted: 03 Feb 2009 08:09 PM CST AP - On Attorney General Eric Holder's first day on the job, he signaled a clean break with past policies of the Bush administration and promised to hold Wall Street accountable if any major financial institutions engaged in fraud that contributed to the global financial crisis.

End of an era in Iowa (Politico) Posted: 03 Feb 2009 08:32 PM CST Politico - David Yepsen, the Des Moines Register columnist and referee of the Iowa Caucuses, is moving on, leaving a vacuum for some ambitious Hawkeye to fill:

Wells Fargo defends, then cancels Vegas junket (AP) Posted: 03 Feb 2009 10:32 PM CST AP - Wells Fargo & Co. abruptly canceled Tuesday a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money.

Iran's small satellite raises alarms (AP) Posted: 03 Feb 2009 07:01 PM CST AP - Iran's successful launch of its first satellite into orbit suggests a strong desire to become both a space and nuclear power — and growing technological prowess toward that goal.

Echoing earlier flaps, Daschle woes humble Obama (AP) Posted: 03 Feb 2009 05:55 PM CST AP - Two weeks into his presidency, Barack Obama proved that even a clearly gifted politician cannot escape the gravitational pull of Washington forces that he has vowed to reform.

NH senator-in-waiting is used to being called upon (AP) Posted: 03 Feb 2009 04:14 PM CST AP - Bonnie Newman has made a career out of being plucked from one high-profile job and plugged into another.

Commerce nominee Gregg seen as shrewd, cool-headed (AP) Posted: 03 Feb 2009 02:32 PM CST AP - Democrats have complained that Republican Sen. Judd Gregg is too pro-business, but the former tax lawyer is also known as a cool-headed and stubborn negotiator willing to break ranks with his party if need be.

GOP faces tough Senate races next year (AP) Posted: 04 Feb 2009 02:10 AM CST AP - The stars keep aligning in Senate Democrats' favor, boosting their hopes of winning a supermajority in the next election while Republicans wonder what else will go wrong.

Obama sets executive pay limits with overhaul in mind (Reuters) Posted: 04 Feb 2009 02:07 AM CST Reuters - President Barack Obama kicks off a campaign to rein in corporate compensation on Wednesday with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.

Obama economic plan now tops $900B (AP) Posted: 04 Feb 2009 02:13 AM CST AP - The cost of President Barack Obama's economic recovery plan is now above $900 billion after the Senate added money for medical research and tax breaks for car purchases.

California court to hear gay marriage case March 5 (AFP) Posted: 03 Feb 2009 11:34 PM CST AFP - California's Supreme Court has confirmed that it will hear oral arguments next month in lawsuits seeking to annul last year's referendum that banned same-sex marriage.

Obama campaign manager getting 7-figure book deal (AP) Posted: 03 Feb 2009 11:24 PM CST AP - Obama campaign manager David Plouffe has agreed to a seven-figure deal to write a book about last year's presidential election.

GOP state senator announces Ohio governor run (AP) Posted: 03 Feb 2009 11:12 PM CST AP - Republican state Sen. Kevin Coughlin says he's running for governor in Ohio.

Obama: I'm sorry, so sorry (Politico) Posted: 03 Feb 2009 11:10 PM CST Politico - George W. Bush was reluctant to admit any mistakes in eight years.

Man accused of threatening Obama pleads not guilty (AP) Posted: 03 Feb 2009 11:04 PM CST AP - A Colorado man accused of threatening to kill President Barack Obama and blow up a suburban Minneapolis mall has pleaded not guilty.

Nicaraguan cigar firm cashes in on "Obamania" (Reuters) Posted: 03 Feb 2009 10:10 PM CST Reuters - While U.S. President Barack Obama tries to kick an old smoking habit, a Nicaraguan company has produced the latest in a flood of merchandise trying to cash in on his popularity -- "Obama" cigars.

Diverse group to advise faith-based office (AP) Posted: 03 Feb 2009 08:03 PM CST AP - The Obama administration is set to announce a diverse set of advisers to a revamped White House office that will steer government money to religious and neighborhood groups doing social service work. They include a former president of the Southern Baptist Convention, a Jewish rabbi active in Washington and a pioneering female African-American bishop.

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