Weekend: Chance of Precipitation: Fri: 60% / Sat: 40% / Sun: 10%.
Obama rails against corporate maneuver to evade U.S. taxes
By Jeff Mason LOS ANGELES (Reuters) - U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to curb the practice. During remarks to a rowdy crowd at the Los Angeles Technical College, Obama promoted what he called "economic patriotism" and made clear he believed the companies that were engaging in such practices were not being patriotic. Nine inversion deals have been reached this year by companies ranging from banana distributor Chiquita Brands International Inc to drugmaker AbbVie Inc, and more are under consideration. You know some people are calling these companies 'corporate deserters.' Obama said he did not begrudge companies making profits but said corporate tax evasion practices made it harder for the middle class - his target political constituency - to succeed.
U.S. House panel votes to authorize lawsuit against Obama
By Annika McGinnis WASHINGTON (Reuters) - Republicans in the U.S. House of Representatives on Thursday took another step toward authorizing a lawsuit against President Barack Obama, claiming he has overstepped his executive powers in carrying out his landmark healthcare reform law. In a partisan vote of 7-4, the House Rules Committee approved the legislation, likely setting it up for consideration by the full House next week. The Republican initiative already has spawned a bitter debate with Democrats less than four months before mid-term elections that will determine the political control of Congress next year. For example, House Speaker John Boehner wrote in June that Obama's use of executive orders, including raising the minimum wage for federal contractors and stopping deportations of undocumented youths brought to the United States by their parents, risked giving him a "king-like authority." But Boehner has tamped down calls from some fellow Republicans for impeachment proceedings against Obama, which would be a first step toward removing him from office.
White House bemoans lawmakers' delay on U.S. border crisis funds
By Steve Holland WASHINGTON (Reuters) - White House officials expressed growing alarm on Thursday that Congress may not soon approve President Barack Obama's emergency request for $3.7 billion to tackle the child migration crisis on the southern border of the United States. The stalemate over the request comes as Obama prepares on Friday to host the presidents of Guatemala, Honduras and El Salvador, the countries that have been the source of much of the migrant surge that has strained border resources. Congress is locked in a largely partisan fight over the money that Obama says is needed to provide humanitarian needs of the children and speed deportations for many after they get a hearing from immigration authorities. Republicans want Congress to amend a 2008 anti-trafficking law to accelerate deportations, but Democrats are opposed out of concern the children would face the same conditions of crime and poverty when returned home.
Army War College probes plagiarism claims against Montana senator
The U.S. Army War College has opened an inquiry into accusations that Senator John Walsh, a Montana Democrat now facing a tough election challenge, plagiarized parts of a research paper tied to a masters degree he earned from the school. Walsh's campaign has said he inadvertently misused citations in what was a research paper, rather than a thesis. A preliminary analysis of the paper in question led the college to determine that a more thorough examination was warranted by faculty members of an academic review board, which handles cases of suspected plagiarism or misconduct, the school said in a statement. The college has previously revoked the graduate status of eight former students since 1990, six for plagiarism and two for other types of misconduct, the college said.Fri, 25 Jul 2014 00:46:18 -0400
On the torture report, a confrontation looms
Sometime this summer, probably when as many Americans as possible are tanning on a beach and not paying attention, the White House is expected to release a version of a classified report on torture during the Bush years. Actually, what's likely to become public is only the executive summary of the Senate Intelligence Committee's report.Thu, 24 Jul 2014 04:50:33 -0400