New York (CNNMoney.com) – In a surprise move Wednesday, the co-chairmen of President Obama's fiscal commission publicly released their preliminary proposals to curb growth in U.S. debt.
The report recommends spending cuts beginning in 2012, as well as tax reform and other ways to reduce the deficit by $4 trillion over the next decade.
New York (CNNMoney) – The Obama administration is singing a different tune about foreclosures.
A year ago, officials focused on stemming the foreclosure tide. Now they are touting the need for foreclosures to rebuild the housing market.
Last week Phyllis Caldwell, head of the Treasury Department's Homeownership Preservation Office, told a congressional panel that "an important part of ensuring longer-term stability in the market is to enable properties to be resold to families who can afford to purchase them."
(CNN) – "Sloppy and unprofessional."
That's what a top Democrat calls the White House's handling of the situation in Rhode Island – where President Obama declined to endorse the Democratic candidate for governor there, Frank Caprio.
Washington (CNN) - Finding itself in a strange legal position, the Obama administration filed an emergency request Wednesday with the 9th Circuit Court of Appeals to stop the military from allowing openly gay troops from serving.
In effect, the administration wants to continue barring gays from the military even though it ultimately favors repealing the policy known as "don't ask, don't tell."
(CNN) - More than a year after President Obama called for improved national cybersecurity, only two of his recommendations have been fully implemented and the remaining 22 have been only partially implemented, a federal audit said Thursday.
Delays stem from federal agencies "moving slowly because they have not been assigned roles and responsibilities," the Government Accountability Office report said. Also, the position of a new cybersecurity policy official was vacant for seven months, auditors said.
Washington (CNN) - The Obama administration is expected to appeal as soon as Wednesday a federal judge's ruling that halted the Defense Department from enforcing its policy that bars openly gay people from military service, according to senior administration officials familiar with the government's plans.
U.S. District Court Judge Virginia Philips issued an injunction Tuesday that bans enforcement of the "don't ask, don't tell" policy throughout the military services.
While the government has up to 60 days to file an appeal to the Ninth Circuit Court in San Francisco, California, officials familiar with the case said that could happen in the next day or two.
Editor's Note: See the entire interview this Sunday, 11 a.m. ET on CNN's Reliable Sources
Washington (CNN) - Author Bob Woodward acknowledged that parts of his book hit "close to the bone" and may have caused some ill feelings in the White House.
"It's quite possible," Woodward said in an interview for CNN's Reliable Sources with Howard Kurtz. "This is a total universe portrait in the nature of the relationships and attitudes."
(CNN) - The Obama administration vastly underestimated the tens of thousands of barrels of oil pouring into the Gulf of Mexico after the Deepwater Horizon disaster, despite contrary information from scientists using better methodologies, a report from a national panel investigating the response said Wednesday.
And, the report said, the White House Office of Management and Budget squelched higher worst-case estimates once government officials accepted them, preventing the public from hearing them.
New York (CNNMoney.com) - The "Pledge to America" spells out what House Republicans would do if they were in charge, and the economy is issue No. 1. The 48-page document is full of broadly worded ideas (not to mention glossy photos of cowboys and Mt. Rushmore). We've compared their prescriptions with those of the White House. On many issues, the rhetoric is surprisingly similar, though on two, there is no middle ground: health care (the Pledge calls for full repeal) and stimulus (Republicans want to put a halt on all unspent funds).
Check out the comparison at CNNMoney.com.
(CNN) - Obama administration objects to federal judge issuing injunction to stop implementation of "don't ask, don't tell" policy after her ruling that it was unconstitutional. The government argues the proposed injunction is "untenable," too wide in scope and would cause harm to the military.