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Special Report

Phillip Smith of Bedford County, Tennessee, takes part in a rally at the Tennessee State Capitol at the Tax Day Tea Party in downtown Nashville, Tennessee, in this April 15, 2009 file photo. Credit: REUTERS/Harrison McClary/Files

Brewing tensions between the Tea Party and GOP

Tea Partiers want it known that they are not Republican Party lapdogs, but are they a fringe movement or a sleeping giant, awakened?  Full Article 

    Obama to tap Princeton's Rouse for econ council

    WASHINGTON
    Wed Dec 31, 2008 5:52pm EST

    WASHINGTON (Reuters) - President-elect Barack Obama is expected to name Cecilia Rouse, a Princeton University labor economist, to the Council of Economic Advisers, an aide with the Obama transition office said on Wednesday.

    Barack Obama

    Obama is expected to draw on Rouse's expertise in the economic benefits of education investments as he puts together a stimulus package to boost the slumping economy, the aide said.

    Rouse has studied the benefits of community college attendance, according to a biography on Princeton's website.

    (Reporting by Mark Felsenthal; editing by Leslie Adler)



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    European Union mulls emergency bank wind-up fund

    BRUSSELS (Reuters) - The European Union is considering making banks pay for an emergency wind-up fund in case one of them goes bust, in an effort to prevent another spiral like the one that followed the Lehman Brothers collapse.

    President Barack Obama speaks about healthcare reform, as medical professionals look on, in the East Room of the White House in Washington March 3, 2010. REUTERS/Kevin Lamarque

    The final push ...

    President Obama is making a last-ditch push for healthcare reform, with the success of his presidency riding on the outcome.  Full Article 

     A campsite at a homeless tent city in Sacramento California March 15, 2009. REUTERS/ Max Whittaker
    John Kemp:

    Be careful what you wish for

    The yuan debate is exposing dangerous illiteracy among policymakers: Despite the jobs boost for Americans, it would also cut our living standards. How?  Commentary