Fed will reduce bond purchases by $10B in January
WASHINGTON (AP) — The Federal Reserve has decided to reduce its stimulus for the U.S. economy because the job market has shown steady improvement. The shift could lead to higher long-term borrowing rates for individuals and businesses.
Bipartisan budget agreement nears final passage
WASHINGTON (AP) — The Senate lined up Wednesday to give final congressional approval to legislation scaling back across-the-board cuts on programs ranging from the Pentagon to the national park system, adding a late dusting of bipartisanship to a year more likely to be remembered for a partial government shutdown and near-perpetual gridlock.
Task force urges limit on NSA snooping
WASHINGTON (AP) — A presidential advisory panel has recommended dozens of changes to the government's surveillance programs, including stripping the National Security Agency of its ability to store Americans' telephone records and requiring a court to sign off on the individual searches of phone and Internet data.
Defense bill gives Obama rare Guantanamo victory
WASHINGTON (AP) — Many detainees at Guantanamo Bay may be closer to heading home under a bipartisan deal reached in Congress that gives President Barack Obama a rare victory in his fight to close the prison for terror suspects.