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  • House GOP panel moves on deep budget cuts Wednesday, 22 May 2013 | 8:51 AM ET

    Veterans Affairs, Homeland Security and the Pentagon would be spared under the plan approved by the House Appropriations Committee on a party-line vote, but legislation responsible for federal firefighting efforts and Indian health care would absorb a cut of 18 percent below legislation adopted in March.

  • White House: Reporters shouldn't be prosecuted Wednesday, 22 May 2013 | 8:47 AM ET

    WASHINGTON-- President Barack Obama believes journalists shouldn't be prosecuted for doing their jobs, the White House said Tuesday, showing solidarity with First Amendment advocates alarmed by a pair of high-profile federal probes into national security leaks.

  • IMF's Lagarde to be quizzed in French arbitration case Wednesday, 22 May 2013 | 8:27 AM ET

    PARIS, May 22- IMF chief Christine Lagarde will be questioned by a French magistrate on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.

  • UPDATE 1-Ireland feels the heat from Apple tax row Wednesday, 22 May 2013 | 7:33 AM ET

    DUBLIN, May 22- Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill.

  • May 22- When it comes to managing credit, American women have a slight edge over men, according to a study of credit reports by the credit report agency Experian Plc. Experian looked at 750,000 credit reports, a sample of what it collected nationwide, and found that while women earn 23 percent less than men, they know how to handle debt.

  • IRS Official at Center of Scandal Won't Testify Wednesday, 22 May 2013 | 7:25 AM ET

    Lois Lerner, the IRS official at the center of the political targeting scandal plans to assert her constitutional right not to answer questions from a congressional committee.

  • U.S. government taps GlaxoSmithKline for new antibiotics Wednesday, 22 May 2013 | 7:01 AM ET

    LONDON, May 22- The U.S. government has signed an antibiotics development deal worth up to $200 million with GlaxoSmithKline to tackle the dual threats of drug resistance and bioterrorism.

  • Reuters World News Highlights at 1020 GMT, May 22 Wednesday, 22 May 2013 | 6:19 AM ET

    SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.

  • Ahead of the Bell: US Home Sales Wednesday, 22 May 2013 | 6:11 AM ET

    WASHINGTON-- A report Wednesday on U.S. sales of previously occupied homes in April may show the housing recovery has crossed a critical threshold. Economists forecast that home sales rose in April from March to a seasonally adjusted annual rate of nearly 5 million, according to a survey by FactSet.

  • *Iran 7th biggest oil supplier to India in Jan-Apr vs 3rd yr ago. NEW DELHI, May 22- India's oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed on Wednesday, bolstering the country's case for the renewal of a waiver from U.S. sanctions on Tehran due to expire next month.

  • NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.

  • WASHINGTON, May 21- The Appropriations Committee of the U.S. House of Representatives made clear on Tuesday that automatic spending cuts will be a recurring nightmare for Washington as it passed a measure to sharply reduce funding for government agencies and programs next year.

  • WASHINGTON, May 21- President Barack Obama on Tuesday welcomed passage of a bill to reform U.S. immigration policies by a Senate committee, describing it as consistent with the values he supported and well placed to fix a "broken" system.

  • NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.

  • WASHINGTON, May 21- The White House has threatened to veto legislation pending in the U.S House of Representatives that could strip from President Barack Obama the authority to approve the controversial Keystone XL pipeline.

  • *Former IRS chief says enforcement "very, very difficult". WASHINGTON, May 21- As they joined Republicans on Tuesday in bashing the Internal Revenue Service for targeting conservative groups that sought tax-exempt status, Senate Democrats had another target: the regulations that require the U.S. tax agency to weigh the political activity of such groups.

  • WASHINGTON/ BOSTON May 21- Several power utilities say they face a barrage of cyber attacks on their critical systems, a report by two Democratic lawmakers found echoing warnings from the Obama administration that foreign hackers were trying to bring down the U.S. power grid.

  • WASHINGTON, May 21- A Senate panel voted on Tuesday to make it easier for U.S. companies to hire foreign workers as part of a broad immigration bill being debated in Congress. The Senate Judiciary Committee voted for the amendment, which would loosen requirements that employers recruit Americans ahead of foreigners for high-tech jobs.

  • WASHINGTON, May 21- Lois Lerner, an Internal Revenue Service official who revealed that the agency was giving extra scrutiny to conservative groups, will assert her constitutional right not to answer questions from a congressional committee on Wednesday, her lawyer said in a letter obtained by Reuters.

  • WASHINGTON, May 21- Cigarette companies are boosting the money they spend on giveaways and similar promotions in the United States as they attempt to pitch to a declining pool of cigarette smokers.