Washington (CNN) - Outgoing House Speaker Nancy Pelosi said Friday she will run for minority leader, even as some moderate and conservative Democrats have said she should step aside. Pelosi made the announcement on Twitter: "Driven by the urgency of creating jobs & protecting #hcr, #wsr, Social Security & Medicare, I am running for Dem Leader."
She further explained her decision in a statement.
(CNN) - Outgoing House Speaker Nancy Pelosi said Friday she will run for minority leader, even as some moderate and conservative Democrats have said she should step aside.
Pelosi made the announcement on Twitter: "Driven by the urgency of creating jobs & protecting #hcr, #wsr, Social Security & Medicare, I am running for Dem Leader."
(CNN) - Rep. Dan Boren, a conservative Democrat from Oklahoma, says he wants outgoing House Speaker Nancy Pelosi replaced as the leader of House Democrats.
“I cannot in good conscience support Nancy Pelosi as Leader. I intend to support a more conservative Democrat alternative," he said in a statement.
Washington (CNN) - President Barack Obama on Friday hailed new "encouraging" job numbers and said it is imperative that Democrats and Republicans work together to improve the economy.
"Based on today's jobs report, we've now seen private sector job growth for 10 straight months. That means that since January, the private sector has added 1.1 million jobs," he said at the White House after the Labor Department reported that the economy added 151,000 jobs in October.
New York (CNNMoney.com) - Thanks to voters, alcohol will no longer be taxed in Massachusetts. Candy won't be subject to a levy in Washington anymore. And California drivers won't have to pay a proposed $18 fee to fund state parks.
State residents aren't feeling very generous these days, even though now is when government officials say they need the tax money the most.
Washington (CNN) - The man who is expected to be the next House majority leader says that ensuring that no one faces a tax increase will help the private sector take the lead in creating jobs.
Current House Minority Whip Eric Cantor made his comments moments after the release of October's jobs report.
New York (CNNMoney.com) - The congressman likely to supplant Rep. Barney Frank as chairman of the House Financial Services Committee is asking regulators to carefully consider the implications of a new rule designed to limit risky trading.
Rep. Spencer Bachus, a Republican from Alabama, warns in a letter sent to Treasury Secretary Tim Geithner and the Financial Stability Oversight Council that an overly-strict implementation of the Volcker Rule will spark a "mass exodus" of clients from U.S. banks to their competitors abroad.
Washington (CNN) - Fresh off an electoral bruising for his Democratic Party, President Obama heads to India on Friday to launch a 10-day Asian trip intended to expand export markets and strengthen security cooperation in what he considers a region vital to U.S. interests.
The trip to India, Indonesia, South Korea and Japan encompasses a G-20 summit, an Asia-Pacific Economic Cooperation summit, major holidays in India and Indonesia, and bilateral talks with Chinese President Hu Jintao and at least five other leaders, as well as four presidential news conferences.
Washington (CNN) - One wish of many Republicans and conservative voters seems certain to come true in the aftermath of the midterm congressional elections - there won't be any more sweeping reform legislation like the 2,000-plus page health care bill for a while.
President Barack Obama has conceded as much since Democrats lost majority control of the House and had their Senate majority narrowed this week, telling reporters that a piecemeal approach to major issues is the best way forward.