Just six months after a heady re-election, President Obama's second-term dreams have collided with second-term reality: scandals and foreign setbacks. The NYT reports.» Read More
*Democrats try to blunt Republican advantage on debt limit.
WASHINGTON, Jan 15- Last year when NASA researchers in Baltimore discovered the fleeting glimmer of an exploding star, they named it "Supernova Mikulski," after one of their chief patrons in the U.S. Congress.
Iran hostage drama "Argo" scored a sweet double victory at the Golden Globe awards on Sunday, winning best movie drama - the night's top prize - and best director for Ben Affleck on a night that left front-runner "Lincoln" with just one trophy.
*Jodie Foster comes out publicly as gay. BEVERLY HILLS, Calif., Jan 13- Iran hostage drama "Argo" scored a sweet double victory at the Golden Globe awards on Sunday, winning best movie drama- the night's top prize- and best director for Ben Affleck on a night that left front-runner "Lincoln" with just one trophy.
BEVERLY HILLS, Calif., Jan 13- Iran hostage drama "Argo" and musical "Les Miserables" were the big winners at the Golden Globes on Sunday, while presumed front-runner "Lincoln" received just one trophy.
*Anne Hathaway wins for "Les Miserables" performance. BEVERLY HILLS, Calif., Jan 13- Jennifer Lawrence and Anne Hathaway took home Golden Globes on Sunday, while Quentin Tarantino's quirky slavery Western picked up two early awards that could undermine the fortunes of front-runner "Lincoln."
Jack Lew, Obama's chief of staff, was chosen to lead the Treasury Department as the White House heads into another round of difficult talks with Congress on how to put the nation on a sound fiscal path.
*Lew, 57, appears likely to win Senate confirmation. Lew will succeed Timothy Geithner and take the lead on difficult negotiations with Congress on how to cut the nation's massive debt and rein in spending- a central challenge for Obama's second term. He appears likely to win Senate confirmation.
Samsung Electronics is looking to supply chips to more Chinese and other emerging smartphone makers to counter any fall-off in demand from Apple.
President Barack Obama plans to announce his nomination of White House chief of staff and budget expert Jack Lew as his next Treasury secretary on Thursday at an event at 1:30 p.m. ET, a White House official said. He will take over from Timothy Geithner, who is slated to attend Thursday's announcement, the White House official said.
LAS VEGAS, Jan 9- Samsung Electronics Co is looking to supply chips to more Chinese and other emerging smartphone makers, the head of its system chip business said, to counter any fall-off in demand from Apple Inc, which is weaning itself off Samsung chips used in its iPhones and iPads.
WASHINGTON, Jan 9- The next head of the U.S. Department of Energy is likely to guide the agency through a fundamental shift: easing up on a push to commercialize renewable energy and instead focusing on the surprising domestic oil and gas boom and management of U.S. nuclear security.
President Barack Obama will nominate White House chief of staff Jack Lew as his next Treasury secretary on Thursday, replacing Timothy Geithner, according to a source familiar with the matter. Lew helped lead budget talks with Congress under Clinton and spearheaded the "Budget Control Act" negotiations under Obama.
President Barack Obama will nominate White House chief of staff Jack Lew as his next Treasury secretary on Thursday, replacing Timothy Geithner, according to a source familiar with the matter. Lew had been widely expected to be tapped for the role. He has served as budget director for Obama and for former President Bill Clinton.
NEW YORK, Jan 8- The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group.
WASHINGTON, Dec 31- An emerging deal to avoid the U.S. " fiscal cliff "would raise $600 billion in revenue over the next 10 years by increasing tax rates for individuals making more than $400,000 and households making above $450,000 annually, according to a source familiar with the talks.
President Barack Obama nominated Kerry on Friday for Hillary Clinton's job and the senator is expected to win swift Senate confirmation. The approval of the TransCanada Corp's Keystone pipeline could be one of the first items the State Department will officially tackle if Kerry becomes secretary of state but he is unlikely to influence the decision.
Dec 13- New York City's teacher pension fund said on Thursday it will make $1 billion of new investments in infrastructure throughout the city and state as the region repairs the devastation wrought by Superstorm Sandy.
*Decode to help Amgen to develop better-targeted drugs. *Decode CEO retains research role at Amgen. LONDON, Dec 10- U.S. biotechnology group Amgen Inc has agreed to buy unlisted Decode Genetics, a pioneer in hunting down genes linked to disease, for $415 million in cash to boost its drive to develop better targeted drugs.
*Hits likely for Medicare beneficiaries and care providers. *Medicare changes could be politically safe for lawmakers.