Social Security and Medicare to run short sooner than expected
May 13th, 2011
01:27 PM ET
8 years ago

Social Security and Medicare to run short sooner than expected

New York (CNNMoney) - The trust funds of Social Security and Medicare - the country's two biggest entitlement programs - will run dry earlier than expected, according a report Friday from the programs' trustees.

After expiration, the programs will only be taking in enough money to pay a portion of promised benefits to retirees.

FULL STORY

Filed under: CNNMoney.com • Medicare • Social Security
TIME: Ensign Ethics Charges Referred to Justice Department and FEC, Lurid Details Emerge
May 13th, 2011
01:25 PM ET
8 years ago

TIME: Ensign Ethics Charges Referred to Justice Department and FEC, Lurid Details Emerge

(TIME) - The Senate Ethics Committee released a report Thursday afternoon alleging that former Sen. John Ensign broke federal laws in a cover-up of the extramarital affair that torpedoed his once-promising career.

The bipartisan committee, which released its findings after a 22-month investigation, voted unanimously to refer the matter to the Department of Justice and the Federal Election Commission. “We have reason to believe that Sen. Ensign violated laws within their jurisdiction,” Ethics Committee chair Barbara Boxer said in a statement on the Senate floor.

FULL STORY

Filed under: John Ensign • Nevada
FORTUNE: Mitch Daniels tips his presidential hand
May 13th, 2011
12:56 PM ET
8 years ago

FORTUNE: Mitch Daniels tips his presidential hand

FORTUNE - Indiana Governor Mitch Daniels still hasn't decided whether he's running for president, but he knows time is running out. "I have to make a decision within a few weeks," he said in an exclusive interview with Fortune.

Watch: Mitch Daniels: How to save our safety net

Of the many possible Republican contenders, Daniels has attracted the most speculation because his success fixing Indiana's fiscal mess positions him best to address the nation's looming debt crisis. Pundits, including Time magazine's Joe Klein and the New York Times' David Brooks, have publicly urged him to run, and many Republicans have beseeched him privately. He has said he'd make no decision until after the Indiana legislature concluded its session - which it did at the end of April - and the demands of fundraising probably require that any candidate declare his or her intentions by June. So Daniels knows the clock is ticking.

FULL STORY

Filed under: 2012 • Mitch Daniels
Bush breaks silence on bin Laden
May 13th, 2011
12:40 PM ET
8 years ago

Bush breaks silence on bin Laden

(CNN)-In his first informal comments following the death of Osama bin Laden, President George W. Bush said he was not “overjoyed” at the news of the bin Laden's death but it was a “good call” to mount the Navy SEAL operation into Pakistan and go after the terrorist leader.

According to ABC News, Bush told a crowd of 1,800 hedge fund managers in Las Vegas that the mission he initiated to track down bin Laden almost ten years ago following 9/11 was not "out of hatred but to exact judgment."
FULL POST

President Obama weighs in on Bulls vs. Heat
May 13th, 2011
12:33 PM ET
8 years ago

President Obama weighs in on Bulls vs. Heat

(CNN) - President Barack Obama may be on an immigration reform kick, but when it comes to cuisine, he's all about the traditional American fare.

When asked by a Miami reporter to wager a bet in the NBA Eastern Conference finals matchup between the Miami Heat and his hometown Chicago Bulls, Obama replied, "Well you know in Chicago you know we have some outstanding Chicago hot dogs, I don't know what kind of food you've got down in Miami."
FULL POST


Filed under: Immigration • President Obama
On State of the Union this Sunday...
May 13th, 2011
12:30 PM ET
8 years ago

On State of the Union this Sunday...

As the White House held talks this week with congressional leaders on raising the debt ceiling, Senate Minority Leader Mitch McConnell demanded spending cuts and changes to Medicare and Medicaid as part of the deal.  We’ll ask him in an exclusive interview about his party's demands and more.
FULL POST


Filed under: TV-State of the Union
Gingrich predicts 2012 win over Obama's 'Chicago-style' campaign
May 13th, 2011
12:24 PM ET
7 years ago

Gingrich predicts 2012 win over Obama's 'Chicago-style' campaign

Washington (CNN) – Newt Gingrich called President Obama "the most successful food stamp president in history" Friday in a speech focused on the nation's economic problems and impending 2012 campaign.

In his first address since announcing a bid for the White House, the former House Speaker said three quarters of the American people will agree with his campaign message and those who disagree will lose.
FULL POST


Filed under: 2012 • Newt Gingrich • President Obama
George Mitchell resigns as Middle East envoy
May 13th, 2011
12:05 PM ET
8 years ago

George Mitchell resigns as Middle East envoy

Washington (CNN) - Former U.S. Sen. George Mitchell is resigning as the Obama administration's Mideast envoy, the White House announced Friday.

Mitchell has served as President Barack Obama's point man in the region as the administration has tried to keep Arab-Israeli peace talks on track.

FULL STORY
NY-26 gets ugly
May 13th, 2011
11:39 AM ET
8 years ago

NY-26 gets ugly

(CNN) – Well, that didn’t take long. NY-26 has already descended into a physical altercation.

The special election to replace New York Rep. Chris Lee, the married congressman who resigned amid a shirtless photo scandal in April, turned ugly Wednesday night in suburban Rochester.
FULL POST


Filed under: Congress • New York
Sen. Herb Kohl to retire
May 13th, 2011
10:44 AM ET
8 years ago

Sen. Herb Kohl to retire

Washington (CNN)– Wisconsin Democratic Sen. Herb Kohl announced Friday that he will retire after serving four terms in the Senate.

A Democratic source tells CNN, "The DSCC [Democratic Senatorial Campaign Committee] has made sure that all these decisions were made and announced very early in the cycle. Democrats are confident that we can keep the seat."
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