By DAVID KOCIENIEWSKI and ERIC LIPTON   Published: July 23, 2010 Representative Charles B. Rangel and the House ethics committee have been exploring a settlement to the numerous accusations against him, which would allow the 20-term congressman to avoid an ugly public trial and could prevent further political damage to Democrats nationally. Talks broke down [...]

by DARLENE SUPERVILLE July 24, 2010 WASHINGTON — President Barack Obama says an economic plan by the House Republican leader just repeats job-killing policies of the past and would take the country “backward at a time when we need to keep America moving forward.” In turn, House GOP leader John Boehner said the president had [...]

Documents Detailing GM’s Hybrid Plans Were Allegedly Worth $40 Million By CLEOPATRA ANDREADIS July 23, 2010 In the latest in a flurry of industrial espionage cases, a Michigan couple has been accused of stealing $40 million worth of trade secrets from General Motors and selling them to a Chinese car maker. Shashan Du, 51, and [...]

By Scott Lanman and Ryan J. Donmoyer – Jul 23, 2010 Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending. “In the [...]

By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer – Fri Jul 23, 3:12 pm ET WASHINGTON – New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends. That’s actually a little better than the administration [...]

By Bomi Lim and Bill Varner – Jul 23, 2010 North Korea said it would counter U.S. and South Korean joint naval exercises with “nuclear deterrence” after the Obama administration said the government in Pyongyang shouldn’t take any provocative steps. North Korea will “legitimately counter with their powerful nuclear deterrence the largest-ever nuclear war exercises [...]

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Some Democrats decide they prefer lower rates. Obama isn’t one of them. July 23, 2010 There’s nothing like the prospect of an electoral rout to concentrate the incumbent mind, and so all of a sudden rank-and-file Democrats in Congress are saying maybe they shouldn’t let the 2003 tax rates expire after all. Now if they [...]

Remember the U.S. Attorneys scandal? Neither do the media. July 23, 2010 If a Washington “scandal” ends long after it can be milked for political gain, and it turns out there was nothing to it, does anyone notice? Consider the whimpering end to the once ferocious controversy over the firing of nine U.S. Attorneys, which [...]

The situation is much more dire now than it was during the 1980s. July 23, 2010 By PAUL GODEK In terms of employment, how bad is this recession? Last month’s unemployment rate was 9.5%, according to the Bureau of Labor Statistics (BLS). But the jobs picture is even worse than that rate suggests. The BLS [...]