Role reversal: GOP blasts Obama plan to sell TVA
WASHINGTON -- In a political role reversal, Republicans are blasting President Barack Obama's plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives as an example of government overreach....
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As FCC Chief’s Term Nears End, Speculation Grows Over Possible Successor
On June 30th, Federal Communications Commission chairman Julius Genachowski’s five-year term will expire, which has led to speculation that Genachowski might soon announce his departure. Although the FCC chair is not a cabinet-level position, D.C. chatter is already flying fast and furious about Genachowski’s replacement, because the FCC holds broad regulatory power over the most important media, communications, and technology companies in the United States. There is particular focus on Genachowski’s future in part because his term at the FCC has been so contentious. Throughout his tenure, he has tried to thread a centrist needle on issues like broadband policy, industry competition, and media consolidation. In doing so, he has managed to annoy almost every constituency, from public interest groups that have pushed for a more activist FCC, to industry giants who have bristled at some of his decisions. For example, Genachowski’s decision to approve Comcast’s purchase of NBCUniversal ...
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House GOP Seeks to Defuse Debt Crisis
WASHINGTON — With tacit support from President Barack Obama, House Republicans are moving to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least three months. The GOP legislation marks a tactical retreat by House Speaker John Boehner, R-Ohio, who is eager to avoid a potential first-ever default on U.S. payment and debt obligations as he wrestles with Obama and his Democratic allies over taxes, spending and the deficit. Wednesday’s legislation would give the government enough borrowing leeway to meet three months’ worth of obligations, delaying a showdown next month that Republicans fear they would lose. It also contains a provision that slaps at the Senate, which hasn’t debated a budget since 2009, by withholding the pay for either House or Senate members if the chamber in which they serve fails to pass a budget plan. This “no budget, no pay” idea had previously been regarded by many as a gimmick but has been given ...
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White House: Obama wouldn't block GOP debt bill
WASHINGTON -- The White House says a House Republican bill to extend the government's borrowing authority for three months still faces concerns in Congress but press secretary Jay Carney says that if it reaches President Barack Obama's desk, "he would not stand in the way of the bill becoming law."...
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Lithium Batteries Central to Boeing’s 787 Woes
WASHINGTON — Lithium batteries that can leak corrosive fluid and start fires have emerged as the chief safety concern involving Boeing‘s 787 Dreamliner, a problem that apparently is far more serious than government or company officials acknowledged less than a week ago. The Federal Aviation Administration late Wednesday grounded Boeing’s newest and most technologically advanced jetliner until the risk of battery fires is resolved. The order applies only to the six Dreamliners operated by United Airlines, the lone U.S. carrier with 787s. But other airlines and civil aviation authorities in other countries will be under pressure to follow suit or face possible accusations of taking unnecessary risks with public safety. Japan‘s two largest air carriers voluntarily grounded their 787s on Wednesday ahead of the FAA’s order following an emergency landing by one of the planes in Japan. On Thursday, the European Aviation Safety Agency ordered all European carriers to ground the jetliner. ...
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