Yahoo! News: Elections

House passes bill taxing AIG and other bonuses (AP) Posted: 19 Mar 2009 01:37 PM PDT AP - Acting swiftly, the Democratic-led House approved a bill Thursday to slap punishing taxes on big employee bonuses at firms bailed out by taxpayers. The bill would impose a 90 percent tax on bonuses given to employees with family incomes above $250,000 at American International Group and other companies that have received at least $5 billion in government bailout money.

Obama touts aid for homeowners (AP) Posted: 19 Mar 2009 02:28 PM PDT AP - President Barack Obama told Americans on Thursday not to expect "something for nothing" from their government, warning that improvements to the economy and health care will take time and require unusually large deficits for a while.

Senate panel backs Locke for Commerce (AP) Posted: 19 Mar 2009 11:13 AM PDT AP - The Senate Commerce Committee has approved President Barack Obama's nominee for commerce secretary.

Federal data to be released unless harm foreseen (AP) Posted: 19 Mar 2009 02:25 PM PDT AP - The Obama administration advised federal agencies Thursday to release their records and information to the public unless foreseeable harm would result.

Republicans change tune on pay (Politico) Posted: 19 Mar 2009 01:23 PM PDT Politico - Congressional Republicans have notably sharpened their rhetoric about how to handle bailed-out bankers, with free-enterprise instincts getting the shaft in the rush to fillet the recipients of huge bonuses from the tottering insurer AIG.

US-China policy group calls for mutual respect (AP) Posted: 19 Mar 2009 02:07 PM PDT AP - To relieve tensions, ease up on mistrust and develop more respect. That's a leading policy think tank's prescription for the leaders of the United States and China.

Report: Birds endangered by energy development (AP) Posted: 19 Mar 2009 02:03 PM PDT AP - As the Obama administration pursues more homegrown energy sources, a new government report faults energy production of all types — wind, ethanol and mountaintop coal mining — for contributing to steep drops in bird populations.

Food industry safety inspections challenged (AP) Posted: 19 Mar 2009 01:38 PM PDT AP - The food industry's private inspection system failed to catch filthy conditions at a peanut company blamed for a nationwide salmonella outbreak because the firm itself hired the inspectors, lawmakers said Thursday.

Melting snow threatens spring flooding in north (AP) Posted: 19 Mar 2009 02:11 PM PDT AP - Spring flooding threatens the upper Midwest, parts of the Great Lakes region and the Northeast, government forecasters warned Thursday.

Democrats blame each other on AIG bonuses (AP) Posted: 19 Mar 2009 02:19 PM PDT AP - The case of the missing AIG bonus limits has become a tale of political intrigue and Democratic infighting that could threaten the re-election chances of a top senator and the credibility — if not the career — of one of President Obama's top advisers.

Biden: Help on the way for middle-class families (AP) Posted: 19 Mar 2009 02:30 PM PDT AP - Vice President Joe Biden says the Obama administration will be judged on whether it's able to raise the standard of living for the middle class.

Obama, Schwarzenegger hug it out (Politico) Posted: 19 Mar 2009 02:01 PM PDT Politico - LOS ANGELES – It was a Hollywood moment, even if it was fleeting.

Obama defends Leno appearance (AP) Posted: 19 Mar 2009 01:52 PM PDT AP - President Barack Obama is defending his appearance on Jay Leno's late-night talk show.

Prosecutor suggests probation for shortstop Tejada (AP) Posted: 19 Mar 2009 01:42 PM PDT AP - A federal prosecutor on Thursday recommended that All-Star shortstop Miguel Tejada get probation and no prison time for misleading Congress about the use of performance-enhancing drugs.

Commission: Ohio's former AG violated election law (AP) Posted: 19 Mar 2009 01:38 PM PDT AP - A divided Ohio Elections Commission found Thursday that former Attorney General Marc Dann violated elections law by using campaign funds to pay for an expensive in-home security system and a cell phone often used for personal calls.

First lady discusses career goals with students (AP) Posted: 19 Mar 2009 02:28 PM PDT AP - First lady Michelle Obama promoted the value of a college education and hard work Thursday, telling high school students that the people who doubted her when she was younger only encouraged her to aim higher.

Obama struggles as communicator (Politico) Posted: 19 Mar 2009 01:23 PM PDT Politico - Of all the pitfalls Barack Obama might face in the presidency, here is one not many people predicted: He is struggling as a public communicator.

EPA reports uptick in some toxic chemicals in 2007 (AP) Posted: 19 Mar 2009 01:19 PM PDT AP - Toxic chemical pollution from the nation's industrial plants, mines and factories declined by 5 percent in 2007, the government said Thursday.

Senate panel backs Locke as commerce secretary (Reuters) Posted: 19 Mar 2009 12:59 PM PDT Reuters - The Senate Commerce Committee voted unanimously on Thursday to support the nomination of former Washington state Governor Gary Locke to be U.S. commerce secretary.

House approves 90 percent AIG tax (Politico) Posted: 19 Mar 2009 12:58 PM PDT Politico - Despite tough GOP rhetoric on taxes, 85 House Republicans saw the political writing on the wall Thursday and voted with Democrats to levy a 90 percent tax on bonuses for AIG and other financial firms that received bailout funds.

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