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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White House eyes new trade authority, Asia-Pacific trade deal
WASHINGTON - President Barack Obama's administration on Friday said it would work with Congress on legislation considered critical for negotiations of U.S. trade agreements as it tries to wrap up talks on an Asia-Pacific free trade pact this year.
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Reuters
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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Obama seeks to enhance gun background checks
WASHINGTON -- President Barack Obama is asking Congress to expand background checks on gun buyers to include private sales and is using his executive authority to increase the information available in data banks in the background check system. The White House calls background checks the most efficient and effective way to keep guns away from dangerous individuals....
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