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Cantor, Ryan Slam Obama Tax Hike; Trump Hits OPEC, China


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U.S. Top News Early Edition: Obama to lay out deficit plan with focus on tax, spending

Reuters
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04/13/2011
News Good Morning Omss
LATEST NEWS
Obama to lay out deficit plan with focus on tax, spending
WASHINGTON (Reuters) - President Barack Obama on Wednesday will propose tax reform, defense savings and changes in government healthcare spending as criticism swells over his leadership on curbing a bloated budget deficit. | Full Article
JPMorgan Q1 profit up 67 percent; shares climb
April 13, 2011 09:15 AM ET
NEW YORK (Reuters) - JPMorgan Chase & Co posted a 67 percent increase in first-quarter earnings, topping Wall Street expectations, as it set aside less money to cover bad loans. | Full Article
March retail sales up on gasoline
April 13, 2011 09:08 AM ET
WASHINGTON (Reuters) - U.S. retail sales rose modestly in March as auto sales plunged and consumers stretched to pay for pricey gasoline. | Full Article
Schneider denial fails to kill Tyco bid talk
April 13, 2011 09:30 AM ET
PARIS (Reuters) - Schneider Electric tried in vain on Wednesday to quash rumors that it planned to buy Tyco International after the French engineering company's stock was hammered by worries about a capital hike. | Full Article
IMF presses Europe to shore up bank balance sheets
April 13, 2011 09:22 AM ET
WASHINGTON (Reuters) - Many European banks need bigger capital cushions to restore market confidence and help reduce the risk of another financial crisis, the International Monetary Fund said on Wednesday. | Full Article
BUSINESS NEWS
Wall St opens higher on JPMorgan results
April 13, 2011 09:38 AM ET
NEW YORK (Reuters) - Stocks opened higher on Wednesday after JPMorgan Chase's earnings beat expectations and spurred bets that other banks' results will be strong. | Full Article
Unilever, P&G fined 315.2 million euros for price fixing
April 13, 2011 07:56 AM ET
BRUSSELS (Reuters) - Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries. | Full Article
Japan government downgrades economy view on earthquake
April 12, 2011 11:05 PM ET
TOKYO (Reuters) - - Japan's government on Wednesday downgraded its assessment of the economy for the first time in six months, saying it is showing weakness after a devastating earthquake and tsunami last month battered the northeast coast. | Full Article
CEO pay votes intensify debate over proxy advisers
April 13, 2011 08:07 AM ET
NEW YORK (Reuters) - A growing number of companies are objecting to the role of firms that advise shareholder votes at annual meetings, complaining about conflicts of interest, errors and lack of oversight. | Full Article
U.S. debt position not a factor in yield rise: IMF
April 13, 2011 09:01 AM ET
NEW YORK (Reuters) - Rising U.S. bond yields have more to do with improving economic growth prospects and market concerns about inflation rather than Washington's deteriorating fiscal position, the International Monetary Fund said on Wednesday. | Full Article
HEALTH NEWS
Special Report: Taking on the real Miami Vice: healthcare fraud
Hospital safety plan may save lives, money: government
Illinois agency OKs program to pay Medicaid bills
Deal near on flu virus-sharing, vaccines: diplomats
Roche's diet drug tied to kidney damage
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Newser Daily Digest - Tim Pawlenty: 'I'm Running for President'

Newser Alert
Tim Pawlenty: 'I'm Running for President'

Tim Pawlenty: 'I'm Running for President'

(Newser) - Everybody knows that Tim Pawlenty is running for president, even though he's only formed an exploratory committee . But last night he made headlines for actually saying the words—maybe inadvertently—in an interview airing on Piers Morgan's CNN show . After pointing out that Donald Trump is ahead of Pawlenty in... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Obama Returning to Oprah

Obama Returning to Oprah

(Newser) - President and Michelle Obama have been lined up to appear on one of the final episodes of the Oprah Winfrey Show. The Obamas—who last made a joint appearance on Oprah in 2006—will tape an episode of the chat show later this month, and the show will be aired... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
GOP Is Crazy... Like a Fox

GOP Is Crazy... Like a Fox

(Newser) - There may be method to the Republican Party's apparent madness, says political wag Steve Kornaki of Salon . Mouthy scene-stealer Minnesota Rep. Michele Bachmann seems to be elbowing Sarah Palin out of the limelight, plopping the former Alaska governor at an all-time popularity low, much to the relief of the GOP... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Moby Video Rips Budget

Moby Video Rips Budget

(Newser) - Remember when celebrities made videos crowing about politicians? What a difference almost four years makes. Moby has just released a video slamming the new "Republican budget" (hammered out with the White House) featuring the first track from his new album. His song, "The Day," plays over photos... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Romney: Get Over It, Obama Was Born in US

Romney: Get Over It, Obama Was Born in US

(Newser) - Mitt Romney tackled the "birther" issue in his first interview since announcing that he is exploring a White House run . "I think the citizenship test has been passed. I believe the president was born in the United States," Romney told CNBC , suggesting that his fellow Republicans should... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Crist Has to Apologize Over David Byrne Song

Crist Has to Apologize Over David Byrne Song

(Newser) - Former Florida Gov. Charlie Crist had to eat crow today—on YouTube. As part of a settlement with David Byrne for using a Talking Heads song without permission, Crist had to post a video with a formal apology, reports the Orlando Sentinel . "I pledge that, should there be any... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Ignore the Rhetoric: Debt Ceiling Will Be Raised

Ignore the Rhetoric: Debt Ceiling Will Be Raised

(Newser) - As the deadline approaches for Congress to decide whether to raise the debt ceiling, brace yourself for fevered debates about how the very fate of the nation is at stake. David Paul Kuhn offers a spoiler alert at Real Clear Politics : "Washington politics is unusually dysfunctional even by Washington... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Stephen Colbert Skewering Jon Kyl Via Twitter

Stephen Colbert Skewering Jon Kyl Via Twitter

(Newser) - Stephen Colbert had some fun at Sen. Jon Kyl's expense on his show last night , and he's keeping up the ridicule today via his Twitter feed. It all stems from Kyl's wildly exaggerated claim that abortions account for 90% of Planned Parenthood's business—and his office's followup explanation: "His... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Trump Ties for Lead in New GOP Poll

Trump Ties for Lead in New GOP Poll

(Newser) - Donald Trump has made a whole lot of noise lately, and apparently it’s paid off: the Donald is tied with Mike Huckabee for first place atop the GOP presidential field, according to a new CNN/Opinion Research Corporation poll, with both candidates getting 19% of the vote from Republicans and... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Recall Fever Targets the Nation's Mayors

Recall Fever Targets the Nation's Mayors

(Newser) - Voters haven’t exactly been thanking mayors for the tough budget decisions they’ve had to make in the wake of the financial crisis. Instead, there’s been an unprecedented wave of recall drives across the country, USA Today reports. Last year, 57 mayors faced recall attempts, up from 23... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Obama's Sis: Time to Put Birther Rumors 'to Bed'

Obama's Sis: Time to Put Birther Rumors 'to Bed'

(Newser) - Not surprisingly, President Obama's half-sister Maya Soetero-Ng is firmly in her brother's corner when it comes to the birther rumors. "I think that it is time for people to put that to bed, put it to rest completely," she tells Piers Morgan in her first primetime interview, airing... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
I'll Run as GOP... or Independent: Trump

I'll Run as GOP... or Independent: Trump

(Newser) - Steel yourself: It looks like you're going to be seeing a lot more of Donald Trump's mug on the Newser grid. He may not be allowed to announce his candidacy until Celebrity Apprentice wraps up in June, but it's sounding more and more like a done deal: The Donald told... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Colbert to Fox: No, You Can't Get Pap Smear at Walgreens

Colbert to Fox: No, You Can't Get Pap Smear at Walgreens

(Newser) - During the recent budget brawl, Republican Sen. Jon Kyl argued against government funding for Planned Parenthood—since, as he said, "well over 90% of what Planned Parenthood does" is abortions. "That is unbelievable!" said Stephen Colbert last night . "In that it is not true. Because only... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
Some Smoke, Mirrors in That $38B in Budget Cuts

Some Smoke, Mirrors in That $38B in Budget Cuts

(Newser) - Sure, Congress is patting itself on the back over $38 billion in spending cuts —but many of those savings aren't what they seem, reports the Washington Post . Mandatory programs are protected by law, so $17.8 billion of those cuts will go right back up next year. The $4.... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 
GOP Senate to Force Dems to Raise Debt Ceiling Solo?

GOP Senate to Force Dems to Raise Debt Ceiling Solo?

(Newser) - With the United States poised to crash into its $14.294 trillion debt ceiling no later than May 16, Senate Republicans are considering letting Democrats raise it all on their own, with a straight party vote, reports the Huffington Post . Republicans have been insisting on spending cuts and reforms in... More  »
Newser located this story for you on Wednesday, April 13, 2011 7:02 AM. The story matched your section(s) Politics.

 

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