Yahoo! News: Elections

AP Sources: Obama wants Fed to be finance supercop (AP) Posted: 08 May 2009 04:11 PM PDT AP - The White House told industry officials on Friday that it is leaning toward recommending that the Federal Reserve become the supercop for "too big to fail" companies capable of causing another financial meltdown.

Sources: Senators weigh 3 government health plans (AP) Posted: 08 May 2009 04:10 PM PDT AP - Senators are considering three different designs for a new government health insurance plan that middle-income Americans could buy into for the first time, congressional officials said Friday. Officials familiar with the proposals said senators plan to debate them in a closed meeting next week. The officials spoke on condition of anonymity because details of the controversial plans have not been released.

White House aide resigns over NYC flyover (AP) Posted: 08 May 2009 04:22 PM PDT AP - The White House official who authorized a $328,835 photo-op of Air Force One soaring above New York City resigned under fire Friday as the administration tried to move past the embarrassing incident that sent panicked workers rushing into the streets amid flashbacks of Sept. 11.

Obama won't fight global warming with bear rules (AP) Posted: 08 May 2009 02:43 PM PDT AP - The Obama administration, which promised a sharp break from the Bush White House on global warming, declared Friday it would stick with a Bush-era policy against expanding protection for climate-threatened polar bears and ruled out a broad new attack on greenhouse gases.

Caldera resigns after flyover debacle (Politico) Posted: 08 May 2009 02:53 PM PDT Politico - The White House official who authorized the Air Force One flyover of New York City has quit his job.

Evidence piling up that worst of recession is over (AP) Posted: 08 May 2009 02:12 PM PDT AP - Evidence is piling up that the worst part of the recession has ended. But that doesn't mean the pain is over.

Obama to address US-Islamic relations in Egypt (AP) Posted: 08 May 2009 02:57 PM PDT AP - President Barack Obama, who promised to lend a hand to the Islamic world if it unclenches a fist, plans a major speech from Egypt next month as he seeks to repair damaged relations between the United States and Muslims.

Obama aims to refocus unemployment system (AP) Posted: 08 May 2009 02:30 PM PDT AP - President Barack Obama wants unemployment insurance to become a stepping stone for future work by making it easier to enroll in school or job training. Whether he succeeds will depend on the willingness of states and colleges to change the rules.

Obama renewing sanctions on Syria to mark concerns (AP) Posted: 08 May 2009 01:13 PM PDT AP - The Obama administration said Friday it is renewing economic and diplomatic sanctions on Syria, even as two U.S. envoys are in the Syrian capital exploring prospects for improved relations.

AFGHAN NOTEBOOK: CIA past shapes Gates' outlook (AP) Posted: 08 May 2009 01:04 PM PDT AP - Defense Secretary Robert Gates looked over his shoulder Friday, not at the craggy, snowcapped peaks of Afghanistan or men in tribal dress behind him, but at his own role in walking away from the country years ago.

Obama, Yemeni president talk Gitmo (AP) Posted: 08 May 2009 05:09 PM PDT AP - President Barack Obama has spoken directly with the president of Yemen about what to do with almost 100 Yemeni nationals detained at Guantanamo Bay, potentially easing the way for a mass transfer of prisoners away from the soon-to-be-closed U.S. facility.

Admin wants Fed to oversee "systemic risk": sources (Reuters) Posted: 08 May 2009 04:59 PM PDT Reuters - The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday.

Background briefings irk W.H. press (Politico) Posted: 08 May 2009 04:46 PM PDT Politico - As Washington prepares for President Barack Obama’s first White House Correspondents’ Association Dinner, members of the White House press corps are grumbling about a spate of background briefings by “senior administration officials” who can’t be quoted by name.

Obama to reach out to Muslims in Egypt speech (Reuters) Posted: 08 May 2009 03:09 PM PDT Reuters - U.S. President Barack Obama will deliver a much anticipated speech to the Muslim world in Egypt next month, seeking to repair ties that were severely damaged under his predecessor George W. Bush.

Obama and first lady visit older daughter's school (AP) Posted: 08 May 2009 02:08 PM PDT AP - President Barack Obama and his wife, Michelle, are attending a parent-teacher conference at their older daughter's school.

Obama to address Muslims in Egypt (Politico) Posted: 08 May 2009 01:54 PM PDT Politico - Obama sees Egypt as a key player in much that he wants to achieve in the Middle East, especially his goals of reviving the Israeli-Palestinian process and of countering the influence of Iran.

TV networks tiring of primetime Obama news conferences (Reuters) Posted: 08 May 2009 01:45 PM PDT Reuters - But executives at the big four U.S. TV networks are seething behind the scenes that President Barack Obama has cost them about $30 million in cumulative ad revenue this year with his three prime-time news conferences.

Obama tells Congress he's renewing Syria sanctions (Reuters) Posted: 08 May 2009 01:36 PM PDT Reuters - President Barack Obama said on Friday he had renewed sanctions against Syria because it posed a continuing threat to U.S. interests.

Keyes, 21 others arrested at Notre Dame protest (AP) Posted: 08 May 2009 01:08 PM PDT AP - Former Republican presidential candidate Alan Keyes and 21 others have been arrested after they marched on the University of Notre Dame campus to protest President Barack Obama's upcoming commencement speech.

Barack, Miley move up; baby names Emma, Jacob rule (AP) Posted: 08 May 2009 01:36 PM PDT AP - Barack and Miley move up, but the classics still rule. Emma is the top baby name for girls, Jacob for boys. Emma's surge to the top in 2008 ended Emily's 12-year reign as the No. 1 baby name for girls, the Social Security Administration announced Friday.

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