WHITE HOUSE

Obama Will Appeal to Abbas to Drop Statehood Bid

Palestinian President Mahmoud Abbas gestures during a PLO central committee meeting in Ramallah
President Barack Obama will meet Palestinian President Mahmoud Abbas Wednesday to urge him to drop plans to ask the U.N. Security Council to recognize a Palestinian state despite U.S. and Israeli objections.
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Libya gets UN welcome, pledges of support

Libya's new flag flew at the United Nations on Tuesday for the first time since Muammar Gaddafi's overthrow as U.S. President Barack Obama called for the last of the deposed leader's loyalists to stop fighting.
At Issue: U.S. Budget Deficit

Obama Tax Plan: ‘This Is Not Class Warfare, It’s Math’

President Barack Obama has thrown down the gauntlet regarding the deficit reduction process -- the only question is, does he have the support of the American people to enact his budget vision, or is substantive action unlikely prior to the 2012 election, due to divided government?
Obama and Boehner at jobs speech

Obama's 'Buffett Rule' Proposal Has Merit

Republicans are saying President Barack Obama's unveiling of a $3 trillion long-term deficit reduction plan -- dubbed the Buffett Rule -- that relies upon raising taxes on the wealthiest Americans is political posturing and window dressing.
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Biggest Defence Contractor in Japan Hit by Cyber Attack

Hackers gained access to the computers of the biggest defense contractor in Japan, the manufacturer of Patriot Advanced Capability 3 missiles, targeting the submarine, missile and nuclear power plant component factories.
Berkshire Hathaway Chairman Warren Buffett wanders the company trade show before his company's annual meeting in Omaha

What's on Obama's Tax List, Besides Buffett Tax?

President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.
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China centre stage in long-running US campaign show

It could almost be scripted. A U.S. politician threatens to take China on if he makes the White House. The official Chinese press level a barrage of criticism laced with sarcasm. Beijing's Foreign Ministry steps in offering a milder diplomatic response.
U.S. President Barack Obama

Barack Obama to Propose New Tax Rate for Millionaires

President Barack Obama will propose a new minimum tax rate for U.S. taxpayers who make more than $1 million to help lower the nation's $1.5 trillion long-term debt, according to media reports. This plan will be adopted from a suggestion made by billionaire investor Warren Buffett.
Four F-16C Fighting Falcons from the 115th Fighter Wing, Wisconsin Air National Guard fly over Wisconsin's capital city of Madison during a routine training mission, in this October 18, 2008 file photo.

U.S. to announce F-16 upgrade for Taiwan: lobby group

The Obama administration will tell Congress on Friday it plans to upgrade Taiwan's existing fleet of F-16 fighter jets, said sources involved in a deal likely to anger China while disappointing a Taiwan government that was seeking more advanced aircraft.
Former Alaska Governor Sarah Palin wears a New Hampshire sweatshirt during a stop at a clam bake at a private residence in Seabrook

Author of Sarah Palin Book Calls Her 'Vindictive Hypocrite' and 'Utter Fraud'

Joe McGinniss, author of the upcoming book, The Rogue: Searching for the Real Sarah Palin, which alleges that Palin used cocaine and marijuana, had a one-night stand with NBA star Glen Rice and a long-term affair with her husband's business partner, spoke about Palin in a segment on the Today show on Thursday.

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