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Obama targets foreign profits with tax proposal, Republicans skeptical 3:24pm EST

WASHINGTON - President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.

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After controversy, Oregon governor says no policy role for fiancée

PORTLAND, Ore. - Oregon Democratic Governor John Kitzhaber said on Friday his fiancée will no longer have a policy role in his office amid controversy over whether her consulting work posed a conflict of interest with her position as an unpaid adviser.

30 Jan 2015
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Three U.S. House Republicans to seek Obamacare replacement

WASHINGTON - Three top U.S. Republican lawmakers, including Representative Paul Ryan, will lead an effort to craft new health reforms that could replace Obamacare, party officials said on Friday.

30 Jan 2015

Pentagon to use war budget to ease pain of defense cuts: analysts

WASHINGTON - The 2016 U.S. defense budget being released on Monday will continue a recent trend of shifting funds from the Pentagon base budget to its supplemental war-funding request, fuelling criticism of the account's use to offset spending caps, defense analysts say.

30 Jan 2015
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U.S. must target currency manipulation in trade deals: senator

WASHINGTON - The Obama administration must insist that U.S. trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday.