Politics / ArcaMax

Tax showdown: Congress nears deal to avoid hikes, Obama vows veto

WASHINGTON -- Congressional leaders appeared near a deal late Tuesday to renew $450 billion in tax deductions cherished by consumers, citizens and companies alike. The White House called it a bad deal and vowed a veto, though it faces a tougher Congress in January when Republicans take over the Senate. The deal was being hammered out by two leaders soon to leave their positions of power: Senate Majority Leader Harry Reid, D-Nev., who will become minority leader when the Republicans take over the Senate in January, and Rep. Dave Camp, the Michigan Republican who heads the tax-writing House Ways and Means Committee through the end of the year. President Barack Obama signaled he'd reject ...

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Martin Schram: Debunking the Benghazi bunk

One of Washington's worst-kept secrets is how to officially release a not-so-good news story and still keep it at least semi-secret. The answer is: Just dump it into the news stream late...

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