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2010 Median Family Wealth No More Than in 1992

Jun 13, 2012

By CHARLES BABINGTON, Associated Press

WASHINGTON (AP) — Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years.

The economic report, released just as the presidential race is heating up, was stunning: The Great Recession ...

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Obama doesn't emphasize issues he fought hard for

Jun 12, 2012

By KEN THOMAS, Associated Press

PHILADELPHIA (AP) — Fighting for re-election, President Barack Obama is playing down his historic health care overhaul and the multibillion-dollar recession-fighting stimulus — two landmark efforts of his first three years in office. Those signature policies are ...

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THE RACE: Obama, Romney ramp up economic battle

Jun 12, 2012

By TOM RAUM, Associated Press

President Barack Obama and Republican challenger Mitt Romney are sharpening their economic talking points.

Romney wants to keep needling Obama over his comments on the private sector doing "fine" and Obama is likely seeking another opportunity for explaining himself.

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Jeb Bush: Willingness to compromise in DC is gone

Jun 12, 2012

By BRENDAN FARRINGTON, Associated Press

TALLAHASSEE, Fla. (AP) — Former Florida Gov. Jeb Bush says he believes that the willingness to compromise that allowed Presidents George H.W. Bush and Ronald Reagan to succeed no longer exists in Washington — and he faults both parties.

Bush says his father ...

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Eagles' Joe Walsh backs opponent of Rep. Joe Walsh

Jun 12, 2012

By SOPHIA TAREEN, Associated Press

CHICAGO (AP) — An Iraq war veteran from Illinois hoping to limit tea party-backed Republican Rep. Joe Walsh to a single term in Congress was endorsed Tuesday by none other than ... Joe Walsh.

Eagles guitarist Joe Walsh, that is.

The six-time Grammy-winning ...

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Average price of 4-year university up 15 percent

Jun 12, 2012

By CHRISTINE ARMARIO, Associated Press

When those college tuition bills come in, be prepared for sticker shock.

The average tuition at a four-year public university climbed 15 percent between 2008 and 2010, fueled by state budget cuts for higher education and increases of 40 percent and more at ...

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Bill for normal trade with Russia meets opposition

Jun 12, 2012

By JIM ABRAMS, Associated Press

WASHINGTON (AP) — A Senate plan to lift Cold War restrictions on trade with Russia drew immediate resistance from Senate Republicans who said Congress must first address Russia's poor human rights record and existing economic and political policies.

Senate Finance ...

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Romney health care vision short on detail

Jun 12, 2012

By STEVE PEOPLES, Associated Press

ORLANDO, Fla. (AP) — Anticipating the death of President Barack Obama's health care overhaul, Mitt Romney outlined his plans Tuesday to expand coverage to the nation's uninsured, while protecting at least one popular safeguard that would be eliminated should the ...

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Dem to GOP: Consider tax hikes to spare military

Jun 12, 2012

By DONNA CASSATA, Associated Press

WASHINGTON (AP) — Republicans determined to spare the military from devastating across-the-board spending cuts — presidential candidate Mitt Romney among them — must be willing to consider closing tax loopholes and raising rates to increase revenue, the chairman ...

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Republicans want outside prosecutor to probe leaks

Jun 12, 2012

By DONNA CASSATA and PETE YOST, Associated Press

WASHINGTON (AP) — Attorney General Eric Holder on Tuesday fended off Republican demands that he appoint a special counsel outside of the Justice Department to look into national security leaks.

Holder said both he and FBI Director Robert Mueller ...

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Gov't Report: Health Cost Relief Only Temporary

Jun 12, 2012

By RICARDO ALONSO-ZALDIVAR, Associated Press

WASHINGTON (AP) — If only the economy were growing as fast.

Despite a recent easing of medical costs, the nation's health care spending will keep outpacing economic growth for the foreseeable future, government experts said Tuesday in a forecast that ...

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New Obama ad targets Romney's tenure as governor

Jun 12, 2012

WASHINGTON (AP) — President Barack Obama's campaign is launching a new ad against Republican challenger Mitt Romney, building on Obama's attack against his rival's economic record as Massachusetts governor.

The ad picks up where a campaign commercial left off last week. It accuses Romney of ...

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FEC allows campaign donations via text messaging

Jun 11, 2012

By JACK GILLUM, Associated Press

WASHINGTON (AP) — Federal election officials say small-dollar donors may use their cell phones' text messaging to contribute to political campaigns.

The Federal Election Commission ruled unanimously Monday in favor of Democratic- and Republican-leaning groups and ...

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FEC Sues Ex-Sen. Craig Over Campaign Cash

Jun 11, 2012

By JOHN MILLER, Associated Press

BOISE, Idaho (AP) — Former Republican U.S. Sen. Larry Craig of Idaho was sued Monday by federal election regulators who contend he misused some $217,000 in campaign funds for his legal defense after his arrest in a 2007 airport bathroom sex sting.

Federal Election ...

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Senate hopeful in Hawaii launches a cable channel

Jun 11, 2012

By OSKAR GARCIA, Associated Press

HONOLULU (AP) — Former Hawaii Gov. Linda Lingle is chasing surfers for their votes in Hawaii — channel surfers.

The Republican hopeful launched a dedicated digital cable channel to subscribers in Hawaii on Monday, adding a new twist to campaign media in her push ...

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Romney: Overturning health care law 'right thing'

Jun 11, 2012

By STEVE PEOPLES, Associated Press

ATLANTA (AP) — Mitt Romney says he hopes the Supreme Court does "the right thing" and strikes down President Barack Obama's health care overhaul.

The presumptive Republican presidential nominee tells donors at a fundraising reception in Atlanta that the health ...

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Romney keeps secrets _ unless law says he can't

Jun 11, 2012

By KASIE HUNT, Associated Press

BOSTON (AP) — Keeping his secrets, Mitt Romney tends to lift the veil on his finances and campaign only if the law says he must.

The Republican presidential candidate refuses to identify his biggest donors who "bundle" money for his campaign. He often declines to ...

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McCotter's odd exit leaves House seat up for grabs

Jun 11, 2012

By KATHY BARKS HOFFMAN, Associated Press

BIRMINGHAM, Mich. (AP) — All had their reasons for seeking the congressional seat in the wealthy Detroit suburbs where Mitt Romney grew up. But none could have expected to win — until now.

As the result of the shocking political collapse of a veteran ...

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Commerce: Bryson has 'limited recall' of events

Jun 11, 2012

By KEN THOMAS, Associated Press

WASHINGTON (AP) — A Commerce Department official says Secretary John Bryson has a "limited recall of the events" in which he had a seizure and was involved in two traffic accidents in the Los Angeles area.

The official said the department could not confirm the ...

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GOP mood toward Romney's fall prospects brightens

Jun 11, 2012

By BRIAN BAKST, Associated Press

ROSEMONT, Ill. (AP) — Republicans riding high from a string of breaks in their favor are increasingly optimistic about Mitt Romney's chances to claim the White House in November, even among conservatives who had qualms about making him the party's nominee.

The ...

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