Yahoo! News: Elections

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• Republicans to probe Fannie, Freddie executive pay (Reuters)
• Obama, GOP steering onto budget collision course (AP)
• Senate votes to extend provisions of Patriot Act (AP)
• US Senate votes extension of anti-terrorism powers (AFP)
• Senate votes to renew anti-terrorism provisions (Reuters)
• Investigators find poor US oil, gas management (AP)
• A Deal Between Obama and Republicans on Entitlements? (ContributorNetwork)
• Florida's Scott takes businessman's ax to budget (Reuters)
• Highlights of $1.2 trillion GOP spending bill (AP)
• Obama on Mideast: Power by coercion won't last (AP)
• Obama awards freedom medals to Bush, Merkel, Buffett (Reuters)
• Final Hawaii vote on civil unions delayed (AP)
• Letters to Obama from Americans becoming a book (Reuters)
• Chevron penalty is $9.5 bln for cleanup in Ecuador (AFP)
• Obama's ed budget a tough sell on Capitol Hill (AP)
• Conservative GOP could prompt some to skip Iowa (AP)
• Harry Reid: Rand Paul’s proposal to reduce FAA spending would ‘terrorize’ air traffic systems (Daily Caller)
• 3 Big Lies About Cutting the Deficit (U.S. News & World Report)
• Obama promises veto of GOP spending bill (AP)
• Obama: I didn't punt on entitlement reform in federal budget (The Christian Science Monitor)

Republicans to probe Fannie, Freddie executive pay (Reuters) Posted: 15 Feb 2011 04:58 PM PST Reuters - A key congressional panel charged with overseeing financial matters plans to question Fannie Mae and Freddie Mac executives over their multimillion-dollar compensation packages paid for by U.S. taxpayers.

Obama, GOP steering onto budget collision course (AP) Posted: 15 Feb 2011 04:53 PM PST AP - On a collision course over spending, House Republicans advanced a sweeping, $61 billion package of budget reductions on Tuesday despite a veto threat and a warning from President Barack Obama against cuts "that could endanger the recovery."

Senate votes to extend provisions of Patriot Act (AP) Posted: 15 Feb 2011 04:49 PM PST AP - The Senate on Tuesday voted to extend for 90 days the legal life of three post-Sept. 11 terrorism-fighting measures, including the use of roving wiretaps, that are set to expire at the end of the month.

US Senate votes extension of anti-terrorism powers (AFP) Posted: 15 Feb 2011 04:40 PM PST AFP - The US Senate voted Tuesday to extend controversial counter-terrorism search and surveillance powers at the heart of the Patriot Act law adopted after the September 11, 2001 attacks.

Senate votes to renew anti-terrorism provisions (Reuters) Posted: 15 Feb 2011 04:35 PM PST Reuters - The Senate approved a bill on Tuesday to extend for 88 days three provisions of the anti-terrorism Patriot Act set to expire in two weeks.

Investigators find poor US oil, gas management (AP) Posted: 15 Feb 2011 04:34 PM PST AP - Congressional investigators have concluded U.S. management of oil and gas leases on federal lands and waters is the newest high risk area of the government — and may be costing taxpayers billions of dollars.

A Deal Between Obama and Republicans on Entitlements? (ContributorNetwork) Posted: 15 Feb 2011 04:14 PM PST ContributorNetwork - COMMENTARY | It has been noted in a number of media venues that President Barack Obama's proposed fiscal year 2012 budget does not contain any cuts in entitlement programs such as Social Security and Medicare. House Republicans have promised that their budget would have these things.

Florida's Scott takes businessman's ax to budget (Reuters) Posted: 15 Feb 2011 03:57 PM PST Reuters - Many newly elected Republican governors have pledged to run their states like a business as they grapple with low revenues and multibillion-dollar budget gaps with little relief from a fragile U.S. economic recovery.

Highlights of $1.2 trillion GOP spending bill (AP) Posted: 15 Feb 2011 03:33 PM PST AP - Republicans controlling the House are advancing a $1.2 trillion omnibus spending bill to wrap up the unfinished 2011 spending bills they inherited from Democrats. The measure cuts $61 billion from the 2010 bills endorsed by President Barak Obama. Highlights include:

Obama on Mideast: Power by coercion won't last (AP) Posted: 15 Feb 2011 03:10 PM PST AP - Warily watching protests ripple across the Middle East, President Barack Obama said Tuesday that governments in the vital, volatile region are figuring out that they "can't maintain power through coercion." He slammed Iran as an exception, accusing the U.S. foe of beating and shooting protesters.

Obama awards freedom medals to Bush, Merkel, Buffett (Reuters) Posted: 15 Feb 2011 03:01 PM PST Reuters - President Barack Obama awarded America's highest civilian honor, the Presidential Medal of Freedom, on Tuesday to an eclectic group ranging from a Republican predecessor to artists and civil rights figures.

Final Hawaii vote on civil unions delayed (AP) Posted: 15 Feb 2011 02:30 PM PST AP - The Hawaii Senate is delaying a final vote on same-sex civil unions by one day due to procedural concerns.

Letters to Obama from Americans becoming a book (Reuters) Posted: 15 Feb 2011 02:17 PM PST Reuters - President Barack Obama may have inadvertently stolen an author's thunder on Tuesday when he told the country that someone is working on a book about the 10 letters from regular Americans that he reads every night.

Chevron penalty is $9.5 bln for cleanup in Ecuador (AFP) Posted: 15 Feb 2011 01:57 PM PST AFP - US oil giant Chevron's court-ordered indemnification of Ecuadoran communities for environmental pollution increases 10 percent to $9.5 billion under a provision in Ecuadoran law, a lawyer for the plaintiffs said Tuesday.

Obama's ed budget a tough sell on Capitol Hill (AP) Posted: 15 Feb 2011 01:55 PM PST AP - President Barack Obama's budget request for increased spending in education is likely to face a tough fight against Republicans — and even if ends up being approved, the extra money wouldn't stave off another round of layoffs and classroom cuts expected this year as federal aid dries up and states struggle to recover from the recession.

Conservative GOP could prompt some to skip Iowa (AP) Posted: 15 Feb 2011 01:52 PM PST AP - A run for the White House has long meant enduring icy days campaigning in Iowa for the contest that starts the presidential election calendar. But this winter fewer candidates have braved the Midwestern chill. And that has left some wondering if the Iowa Republican party's shift to the right is scaring off some hopefuls and making the Iowa caucuses less competitive -- and less important.

Harry Reid: Rand Paul’s proposal to reduce FAA spending would ‘terrorize’ air traffic systems (Daily Caller) Posted: 15 Feb 2011 01:49 PM PST Daily Caller - Senate Majority Leader Harry Reid warned Tuesday that rolling back spending for the Federal Aviation Administration to 2008 levels would "terrorize" air traffic systems and invoked the terrorist attacks of Sept. 11, 2001 in urging members to vote to provide the agency more funding.

3 Big Lies About Cutting the Deficit (U.S. News & World Report) Posted: 15 Feb 2011 01:28 PM PST U.S. News & World Report - Maybe they're finally starting to get it in Washington. Just a couple months ago, politicians of both parties were lavishing a fresh round of tax cuts on practically every American. Now they're competing over who can take the most money away. President Obama's budget for the next fiscal year proposes $25 billion in spending cuts for 2012, plus a freeze on certain categories of spending that could save another $40 billion per year. Republicans say that's not enough, and they're aiming for $100 billion or more in cuts. ...

Obama promises veto of GOP spending bill (AP) Posted: 15 Feb 2011 01:21 PM PST AP - The White House is issuing a thinly-veiled veto threat against a $1.2 trillion Republican spending bill that cuts about $60 billion from the budget for the ongoing fiscal year.

Obama: I didn't punt on entitlement reform in federal budget (The Christian Science Monitor) Posted: 15 Feb 2011 12:48 PM PST The Christian Science Monitor - President Obama pushed back Tuesday on bipartisan criticism that his 2012 budget proposal fails to address the unchecked growth of government entitlement programs â€" foremost Medicare and Medicaid, which are big contributors to the nation’s unsustainable fiscal picture.

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