Fewer than 1 percent of deaths result in estate tax liabilities, and President-elect Barack Obama's proposal to keep the tax alive after it is slated to expire in 2010 is too generous to the wealthy, a tax policy advocacy group said Wednesday.
An unauthorized strain of genetically modified cotton was accidentally mixed in with other harvested cotton in Texas last month, but government officials on Wednesday played down any safety concerns.
A federal judge wants the Justice Department to explain its involvement in an American's imprisonment in the United Arab Emirates, where the man's family says he was held and tortured only days after being interviewed by FBI agents.
The amount of U.S. greenhouse gases flowing into the atmosphere, mainly carbon dioxide from burning fossil fuels, increased last year by 1.4 percent after a decline in 2006, the Energy Department reported Wednesday.
President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages. "The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes," he said.
The insurance industry embraced many of President-elect Barack Obama's ideas for better health care coverage Wednesday, though it opposes a key piece of his plan to require employers to help pay for that coverage.
California Democratic Rep. Xavier Becerra, a strong proponent of labor protections in free trade pacts, is in discussions with the Obama transition team about taking the job of U.S. trade representative.
In December 1972, when a less complicated president might have been relishing a big re-election victory a month earlier, Richard Nixon had enemies on his mind.
Some tidbits culled from the 90,000 pages of documents that offer insight into the power players of Richard Nixon's administration and re-election committee. The documents were released Tuesday by the National Archives' Nixon Library.
In Richard Nixon's time, all the president's men fretted about threats on every front: disquiet out on the streets, disloyalty inside the administration and trouble from political opponents who had to be discredited at any cost.