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CNN: McCain: Perils in Libya include al Qaeda
Republican Sen. John McCain warned of a stalemate in Libya that could lead to al Qaeda filling a leadership void in the African country. “If you have a stalemate, I think it's very possible that Al Qaeda could come in and take advantage of a stalemate situation,” McCain said Sunday on CNN’s “State of the Union.” “But right now it's not al Qaeda that motivated this and it's not al Qaeda that's running it.”
CNN: Graham: 'Cut the head of the snake off' in Libya
Republican Sen. Lindsey Graham of South Carolina has a recommendation to NATO and the Obama administration when it comes to their involvement in Libya: bomb Libyan leader Moammar Gadhafi's inner circle and remove him from power. "Go to Tripoli, start bombing Gadhafi's inner circle, their compounds, their military headquarters in Tripoli," Graham said Sunday on CNN's "State of the Union." "I think the focus should now be to cut the head of the snake off. That's the quickest way to end this."
Washington (CNN) – Sometimes seen but rarely heard, President Obama’s personal aide Reggie Love came out of his shell in an interview that aired Thursday night on WRC-TV in Washington.
A member of the 2001 NCAA champion Duke basketball team, Love is known to play ball quite often with Obama.
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The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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CNN: Obama makes stop in Los Angeles, wraps up campaign swing
Despite switching an audience of tech executives for Hollywood moguls, President Barack Obama on Thursday night made the same plea for help in his re-election as he wrapped up a two-day west coast campaign swing in Los Angeles. At the first of two fundraisers on the lot of Sony Studios in Culver City, Obama told an audience of about 100 guests he needed the same commitment from them in 2012 that drove them to support his unlikely candidacy four years earlier. "Lets face it, it was not likely that I was going to end up in the Oval Office," Obama said of his supporters' grassroots efforts in his first campaign.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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For the latest political news: www.CNNPolitics.com
CNN: Obama targets youth, tech crowd at Facebook town hall
President Barack Obama wasn't just in the news Wednesday. He's also in your news feed. The White House held a "town hall" at Facebook's headquarters, where the president answered questions before a small audience about the economy and the federal deficit. The event was broadcast live, available to Facebook's more than 500 million users. Facebook representatives chose questions from among the queries submitted in advance by audience members and by people tuning in on the Web. Facebook CEO Mark Zuckerberg moderated.
Politico: GOP escalates demands on debt limit
One day after being named to a presidential task force to negotiate deficit reduction, House Majority Leader Eric Cantor fired off a stark warning to Democrats that the GOP “will not grant their request for a debt limit increase” without major spending cuts or budget process reforms. The Virginia Republican’s missive is a clear escalation in the long-running Washington spending war, with no less than the full faith and credit of the United States hanging in the balance. In the most recent budget battle — over a six-month spending bill — Republican leaders carefully avoided threatening to shut down the government. Now, Cantor says he’s ready to plunge the nation into default if the GOP’s demands are not met. People close to Cantor say that he hopes to make clear that small concessions from Democrats, including President Barack Obama, will not be enough to deliver the GOP on a debt increase.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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For the latest political news: www.CNNPolitics.com
CNN: Obama talks fiscal reform at town hall-style meeting
Facing a possible future downgrade of America's credit rating, President Barack Obama on Tuesday told the first of three town hall-style meetings this week that a "big philosophical divide" exists between his approach to deficit reduction and how Republicans think. The hour-long event at Northern Virginia Community College brought few challenging questions from a mostly student audience that cheered Obama and applauded his major policy statements. Given such free rein, Obama delivered campaign-style messages that emphasized what he called his balanced approach to reducing federal deficits and bringing down the national debt versus a Republican proposal that the president characterized as unfair to middle-class Americans and vulnerable communities such as senior citizens.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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For the latest political news: www.CNNPolitics.com
CNN: President Obama hits the road to spread his economic message
President Barack Obama takes his deficit reduction proposal on the road this week with town hall-style events in three states that are important to his re-election bid in 2012. Obama heads to northern Virginia on Tuesday; Facebook headquarters in Palo Alto, California, on Wednesday; and Reno, Nevada, on Thursday to take questions on the economy and his plan, unveiled last week, that would end Bush-era tax breaks for the wealthy and cut spending.
CNNMoney: The Obamas: A two-thirds pay cut in 2010
President Obama and the first family earned about two-thirds less in 2010 than the year before, and donated about 14% of their income to charity. The Obama family, in tax returns released Monday by the White House, reported an adjusted gross income of $1,728,096, down from about $5.5 million in 2009. The Obamas reported paying $453,770 in federal taxes. They donated $245,075, or 14% of their income, to 36 different charities. Fisher House Foundation, a charity that works with veterans, took home the biggest single donation. The president earns a salary of $400,000 for his day job. His paycheck was much higher because his books - "Dreams From My Father," "The Audacity of Hope" and "Of Thee I Sing: A Letter to My Daughters" - continued to register strong sales. But those sales were not nearly as strong as they were the year before.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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For the latest political news: www.CNNPolitics.com
CNN: Budget debate shifts to raising debt ceiling
An escalating national debate on federal deficits and government spending focused Sunday on the upcoming deadline for Congress to increase the amount of money that the United States can borrow. Treasury Secretary Tim Geithner said congressional leaders told President Barack Obama last week that they will raise the federal debt ceiling when it reaches its limit, which is expected to happen sometime within the next 10 weeks. "Congress will raise the debt ceiling," Geithner told ABC's "This Week" program. "I sat there with them and they said, 'We recognize we have to do this.' "
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
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For the latest political news: www.CNNPolitics.com
CNN: Congress passes budget deal despite GOP defections
A budget deal reached last week to avert a government shutdown won approval Thursday from both the House and Senate, sending it to President Barack Obama for his signature. The measure cuts $38.5 billion in spending while funding the government for the rest of the current fiscal year, which ends September 30. With its passage, the White House and Congress will now focus on what are expected to be more rancorous battles over a budget for fiscal year 2012 and the upcoming need to raise the federal debt limit.
CNN: Wasserman Schultz: GOP budget proposal, 'death trap for seniors'
Democratic Rep. Debbie Wasserman Schultz stood by her comments that Republican Rep. Paul Ryan's budget proposal is a "death trap for seniors" in a CNN interview Thursday. The incoming head of the Democratic National Committee reasoned that dramatic cuts in state funding within the GOP proposal would put seniors living in nursing homes under Medicare at risk. "You are going to have some seniors not survive because they won't be able to either get access to a nursing home or they will get kicked out of a nursing home and they will have to make it on their own," Wasserman Schultz said Thursday on CNN's American Morning.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
WASHINGTON/POLITICAL
For the latest political news: www.CNNPolitics.com
CNN: House to vote on budget deal Thursday
The U.S. House of Representatives is scheduled to vote Thursday on a nearly $40 billion budget deal for fiscal year 2011. Representatives are expected begin making speeches on the budget package Thursday morning, with a final vote likely by early evening, according to the website for House Majority leader Eric Cantor, R-Virginia. The vote was originally scheduled for Wednesday. The Senate also must pass the budget resolution before it can take effect.
CNN: Obama seeks $4 trillion in cuts; GOP assails call for tax hikes
President Barack Obama unveiled his long-awaited deficit reduction plan Wednesday, calling for a mix of spending reductions and tax hikes that the White House claims would cut federal deficits by $4 trillion over the next 12 years without gutting popular programs such as Medicare and Medicaid. Obama's plan includes a repeal of the Bush-era tax cuts on families making more than $250,000 annually - something sought by Democrats but strongly opposed by Republicans. The president also called for the creation of a "debt fail-safe" trigger that would impose automatic across-the-board spending cuts and tax changes in coming years if annual deficits are on track to exceed 2.8% of the nation's gross domestic product.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
WASHINGTON/POLITICAL
For the latest political news: www.CNNPolitics.com
CNN: Obama to lay out his deficit strategy
President Barack Obama enters politically tricky territory Wednesday when he outlines his plan for reducing long-term deficits and the national debt amid a climate of tense budget negotiations. The speech at George Washington University will follow White House talks in the morning with congressional leaders who are staking out positions on upcoming issues including approval of last week's budget deal for the rest of the current fiscal year, increasing the federal debt ceiling and crafting a budget for fiscal year 2012. For Obama, the speech is a response to a Republican budget plan for next fiscal year released last week by House Budget Committee Chairman Paul Ryan, R-Wisconsin, that would overhaul the Medicare and Medicaid government health care programs for the elderly while reforming the tax code to lower rates and eliminate loopholes.
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