Political News from Yahoo

Who But Christie Can Beat Hillary?

Even without Bridgegate, Chris Christie wouldn’t get the Republican nomination. That leaves a pack of conservatives vulnerable to Clinton.

Fed Reserve Is Insanely Profitable

On February 1, Janet Yellen will take over America’s central bank, a cash cow that makes the Fortune 500 look like peanuts.

Preview of Chris Christie's State of the State Address

New Jersey Gov. Chris Christie has kept a low profile since his nearly two-hour press conference last week where he apologized and denied having any knowledge of close aides plotting the politically motivated lane closures leading to the George Washington Bridge. But he can’t lay...

Va. Gov McAuliffe sets priorities before lawmakers

RICHMOND, Va. (AP) — Days after taking office, Virginia Gov. Terry McAuliffe asked lawmakers to help him "show the partisans in Washington" that Democrats and Republicans can find common ground.

GOP constituents also depend on jobless aid

COLORADO SPRINGS, Colo. (AP) — When federal emergency unemployment benefits expired last month, the effects ran deep in a Colorado county marked by two exit ramps off Interstate 15 — one leading to the conservative religious group Focus on the Family, the other to the Fort Carson Army post.

Proposed spy phone record shift draws resistance

WASHINGTON (AP) — Telephone companies are quietly balking at the idea of changing how they collect and store Americans' phone records to help the National Security Agency's surveillance programs. They're worried about their exposure to lawsuits and the price tag if the U.S. government asks them to hold information about customers for longer than they already do.

Dozens of trade-offs in $1.1 trillion budget bill

WASHINGTON (AP) — The sales job is on for a bipartisan $1.1 trillion spending bill that would pay for the operations of government through October and finally put to rest the bitter budget battles of last year.

Militants threaten fragile step to Syrian peace

PARIS (AP) — In a first yet fragile step toward peace, Syria's government and the main but disputed moderate opposition group seeking to oust it have agreed to allow humanitarian aid into some blocked-off parts of the scarred Mideast country.

‘Archer’ Is Going Rogue

The fifth season of FX’s gut-bustingly funny animated spy series is like a cross between ‘Breaking Bad’ and ‘Miami Vice,’ says H. Jon Benjamin, who voices Archer. [Warning: Spoilers.]

Huge spending bill would bury budget battles

WASHINGTON (AP) — Top congressional negotiators Monday night released a bipartisan $1.1 trillion spending bill that would pay for the operations of government through October and finally put to rest the bitter budget battles of last year.

U.S. Congress again rebuffs IMF funding request

U.S. lawmakers late on Monday failed to agree on key funding measures for the International Monetary Fund, in another setback for historic reforms at the global financial institution to give more power to emerging markets. For nearly a year, the Obama administration has been pushing Congress to approve a shift of some $63 billion from an IMF crisis fund to its general accounts in order to maintain Washington's power at the global lender, and to make good on an international commitment made in 2010. Congress must sign off on the IMF funding to complete 2010 reforms that would make China the IMF's third-largest member and revamp the Fund's board to reduce the dominance of Western Europe. After putting off the request in 2012 because of the U.S. presidential election, the U.S. Treasury has sought to tuck the provision into several bills since March.

Iran deal progress dampens push for new U.S. sanctions bill

By Patricia Zengerle and Timothy Gardner WASHINGTON (Reuters) - President Barack Obama is more likely to win his battle with the U.S. Congress to keep new sanctions on Iran at bay now that world powers and Tehran have made a new advance in talks to curb the Islamic Republic's nuclear program. Despite strong support for the bill in the Senate, analysts, lawmakers and congressional aides said on Monday that the agreement to begin implementing a nuclear deal on January 20 makes it harder for sanctions hawks to attract more backers. Senator Richard Blumenthal, a Connecticut Democrat, was one of several of the 59 co-sponsors who said there is no clamor for a vote any time soon. Sixteen of Obama's fellow Democrats are among the co-sponsors of the measure requiring further cuts in Iran's oil exports if Tehran backs away from the interim agreement, despite Iran warning that it would back away from the negotiating table if any new sanctions measure passed.

U.S. House Democrats request probe into Target card breach

By Mark Hosenball and Alina Selyukh WASHINGTON (Reuters) - Democratic lawmakers on Monday called for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of No. 3 U.S. retailer Target Corp during the holiday shopping season. Target has said a breach of its networks resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information. In a letter to Jeb Hensarling, the committee's Republican chairman, 17 committee Democrats, led by ranking member Maxine Waters, asked for a "full Financial Services Committee hearing." It was unclear whether the committee's Republican majority would respond to the request. After the request from Senate Democrats last week, Senate Banking Committee leaders have confirmed they plan a hearing on data security issues in late January.

Agreement reached on details of $1 trillion U.S. spending bill-Mikulski

By David Lawder WASHINGTON (Reuters) - Negotiators in the U.S. Congress have reached agreement on a $1 trillion spending bill aimed at keeping the federal government open through September 30, Senate Appropriations Committee chairwoman Barbara Mikulski said on Monday. Mikulski told reporters that the measure will reverse planned military pension cuts for disabled veterans and does not contain any provision that blocks the implementation of "Obamacare" health insurance reforms. But asked whether President Barack Obama's signature health care reform law will get an increase in funding, she declined to answer, saying only, "Obamacare lives another day." The spending measure fills in the details of a budget agreement passed in December, following a 16-day shutdown of many government agencies in October that was prompted largely by disputes over Obamacare funding. Another shutdown was scheduled to occur at midnight Wednesday if Congress failed to approve new spending authority, and a three-day temporary extension will be needed to get the full spending bill passed this week.

Senate Republicans make new offer on jobless benefits

Prospects of 1.4 million unemployed Americans getting their federal jobless benefits back soon brightened somewhat on Monday when Senate Republican negotiators offered a new plan to extend the emergency relief for three months. Senate Democrats and Republicans planned to meet privately on Tuesday to evaluate the proposal. Long-term unemployment benefits expired on December 28, and since then President Barack Obama and his Democrats in Congress have pressed for an unpaid extension of up to one year. According to a senior aides, the Republican offer would pay for the jobless benefits by extending across-the-board spending cuts, known as "sequestration," for another year - into 2024.

Senate completes overhaul of key appeals court

WASHINGTON (AP) — The Senate confirmed one of President Barack Obama's key judicial nominees on Monday, completing an overhaul of the country's second most powerful court into one dominated by Democratic-appointed judges.

Test votes postponed on unemployment bill

WASHINGTON (AP) — The Senate postponed a pair of test votes on stalled unemployment legislation on Monday as Republicans and Democrats sought a compromise to restore benefits to 1.3 million long-term jobless workers who lost them abruptly late last year.

Christie faces criticism, silence from GOP rivals

CONCORD, N.H. (AP) — As Democrats intensify their probe in New Jersey, Gov. Chris Christie has found little support — and sharp criticism in some cases — from the slate of potential rivals for the Republican presidential nomination. At the same time, would-be allies from key states have been slow to rally behind the Republican governor, whose administration appears to have created a massive traffic jam to punish a political adversary.

Long-serving Obama aide is leaving White House

WASHINGTON (AP) — One of President Barack Obama's longest serving advisers, who joined his team a decade ago when he was running for the Senate, is leaving the White House this month to work as a lawyer in private practice.