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U.S. and other international forces in Afghanistan aim to end their combat role next year and switch to training and advising Afghan forces through 2014, Defense Secretary Leon Panetta said Wednesday.

Friday, 03 February 2012 12:05

Obama's higher ed plan prompts debate

In laying out his vision for performance-based funding for colleges and universities last week, President Obama issued a warning to higher education institutions. "If you can’t stop tuition from going up…"



The nation's housing crisis is damaging not only the U.S. economy, but also what it means to be middle class in America, President Obama said Wednesday, urging Congress to allow new federal loan guarantees for homeowners looking to refinance.

Friday, 03 February 2012 12:03

American Airlines plans to cut 13,000 jobs

American Airlines told its unions Wednesday it plans to cut 13,000 jobs from the staff of 88,000 at the nation's No. 3 airline.

House Republicans plan legislation granting small businesses — and potentially nearly every company in the country — a 20 percent income tax deduction, a GOP leader said Wednesday as the party stepped up its election-year competition with President Barack Obama over job creation.

As oil prices go, so goes the fate of Alaska. With prices averaging over $110 a barrel, Alaska is experiencing a revenue boom unlike any other state, allowing it to recover from the recession as “a rock of stability,” as Governor Sean Parnell puts it.

Friday, 03 February 2012 11:59

Treasury May Let Investors Pay to Lend to US

The U.S. government may ask investors to pay for the privilege and safety of holding short-term debt issued by the Treasury Department.

In the early morning hours of Super Bowl Sunday last year, Dallas police arrested Anthony Ladell Winn. They suspected Winn of forcing two sisters, ages 14 and 20, to travel from Austin to Dallas to work as prostitutes while thousands of football fans gathered for the big game.

After partnering with Planned Parenthood for the past five years to provide cancer screenings to low-income patients, Komen announced on Tuesday that it would sever ties with the family planning provider because it is under investigation in Congress.

New U.S. applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.
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