Washington

If the government shuts down, here's how it would work

WASHINGTON — Social Security checks would still go out. So would tax payments and refunds for e-filed returns. Soldiers would remain on duty in Afghanistan and Iraq, and sailors off the coast of Libya. FBI agents would still work. Mail would be delivered.

Those are some of the services that would continue even if the federal government runs out of money at 12:01 a.m. Saturday with no agreement between Republicans and Democrats in Congress and the White House to extend the budget.

But much of the government would shut down. » read more

Posted on Wed, April 6, 2011

White House announces trade deal with Colombia

WASHINGTON — The White House on Wednesday is announcing a deal to ratify the long-stalled free trade agreement with Colombia — a move that backers say will boost the U.S. economy and improve the U.S. standing in Latin America.

House Republicans — who had threatened to block a pending $10 billion trade deal with South Korea if the administration didn't move on Colombia — hailed the move.

"We are estactic," said Rep. Mario Diaz-Balart, R-Fla., who just returned from a congressional trip to Colombia. "This is jobs, jobs, jobs. We have small businesses ready to go, to hire people, to get this started." » read more

Posted on Wed, April 6, 2011

N.C. U.S. Rep. Price: Boehner listened too closely to 'tea party types' on budget

WASHINGTON — Although tea party influence has waned in recent negotiations to prevent a government shutdown, GOP leaders still want the support of most of the House freshmen Republicans that the movement supported.

Those include the vote of U.S. Rep. Renee Ellmers of Dunn, an activist-turned-politician who won her seat in part on a platform of cutting government spending.

In an interview Monday, Ellmers called a shutdown "a last resort." » read more

Posted on Tue, April 5, 2011

How Jack Valenti got buried at Arlington, but others didn't

WASHINGTON — Jack Valenti won his final and most heartfelt lobbying victory when he was lowered into the ground at Arlington National Cemetery.

A World War II veteran, presidential adviser and wily Hollywood power player, Valenti pressed hard to secure an Arlington burial plot. His remarkable behind-the-scenes campaign outlasted three defense secretaries, records obtained under the Freedom of Information Act show.

"When that moment comes for me as it will for all humans, I would dearly love to be buried in Arlington National Cemetery," Valenti wrote then-Defense Secretary Donald Rumsfeld in December 2002. » read more

Posted on Fri, April 1, 2011

Strong corporate profits amid weak economy - What's up with that?

WASHINGTON — U.S. corporations continue to post strong profits quarter after quarter, even as the unemployment rate remains high and the U.S. economic recovery plods along in fits and starts. What gives?

Corporate profits grew 36.8 percent in 2010, the biggest gain since 1950, according to Friday's latest report from the Bureau of Economic Analysis. No sign could be more clear that U.S. companies see the so-called Great Recession in the rearview mirror.

The strong profits, however, mask the continued difficult terrain for businesses. Yes, profits are high, but that doesn't mean business is strong. » read more

Posted on Sun, March 27, 2011

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