WORLD

Obama Deficit Reduction Plan May Tax Slice of Mega-Rich, Not Rich

Will Taxes Rise on Jet-Owning Income Group?
If your adjusted gross income is under $250,000, you may get a reprieve, if the Obama administration's latest deficit reduction proposal becomes law after debt ceiling talks have concluded. The administration is now said-to-be seeking to increase taxes on a narrow slice of the mega-rich, such as owners of private jets.
Former Massachusetts Governor Mitt Romney

Romney: I'll Favor Businesspeople for Cabinet Posts

Former Massachusetts Gov. Mitt Romney, an early frontrunner for the Republican Party's 2012 presidential nomination, defended his work at a private equity firm, saying that he wants people with extensive private sector experience in his cabinet.
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Law Prohibiting Sale of Violent Video Games to Kids Struck Down

Violent Video Game Ban Author Rebukes Court Decision

California State Senator Leland Yee says the U.S. Supreme Court decision striking down the law he authored calling for a ban of sales of violent video games to minors “put the interests of Corporate America” first.
Former Illinois Gov. Rod Blagojevich

Blagojevich Found Guilty on 17 Counts

A jury Monday found former Illinois Gov. Rod Blagojevich guilty on 17 of 20 counts, including crimes for wire wire fraud, attempted extortion, bribery, extortion conspiracy, and bribery conspiracy.
Michele Bachmann

Candidate Bachmann: Government Can't Help Us

U.S. Rep. Michele Bachmann, R-Minnesota, reprised her Tea Party credentials Monday as she formally announced her campaign for the presidency, repudiating the idea that government can address America's problems.
Former New York Mayor Rudy Giuliani speaks

Giuliani On Gay Marriage: Yes and No

Rudolph Giuliani, the former mayor of New York City and potential Republican presidential candidate for 2012, came out with a confusing reaction to the State of New York’s recent decision to legalize same-sex marriage.
Dodger Stadium

Los Angeles Dodgers File for Bankruptcy

The Los Angeles Dodgers filed for bankruptcy protection Monday - a move they say they need to undertake to access much-needed cash from a proposed media rights deal that Major League Baseball rejected.
President Barack Obama

Obama Plunges Into Debt Ceiling Talks

President Barack Obama will meet with leaders from both parties Monday, seeking to overcome an impasse in negotiations over a deal to raise the federal debt limit.

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