Obama to introduce tax reforms that target overseas loopholes

The White House will unveil reforms to the nation’s international tax code on Monday intended to close loopholes for overseas tax havens and end incentives for creating jobs overseas. Senior administration officials briefed reporters Sunday evening in a conference call ahead of the announcement that will be made by President Obama and Treasury Secretary Tim Geithner.

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White House already on a hunt to replace Souter

A process begun months ago among White House lawyers to quietly compile a list of possible Supreme Court picks has accelerated with word Justice David Souter plans to step down form the bench later this year. The nominee would give President Obama an immediate opportunity to place his stamp on the nation’s highest court, and perhaps to begin cementing his legacy with a lifetime appointment to that bench. Obama on Friday said he will seek “somebody with a sharp, independent mind and a record of excellence and integrity.” That person must honor traditions, respect the judicial process and share Obama’s grasp of constitutional values, he said

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For a ‘Hallmark holiday,’ White House going all-out

Behind closed doors in recent days, senior White House aides have been saying that measuring President Obama’s first 100 days is the journalistic equivalent of a Hallmark holiday. “They don’t mean anything,” quipped one aide, “but you have to observe them.” But literally in the next breath the very same aide got pretty bold — saying that anyone doing one of these anniversary stories would be “hard-pressed to find another administration that has done as much” as Obama so early in a presidency, including FDR

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GOP Senator Specter’s Party Switch Gives Obama a 100-Day Gift

Pennsylvania Republican Senator Arlen Specter turned the 111th session of Congress upside down on Tuesday by announcing that he will switch parties and become a Democrat. The move was the product of weeks of intensive negotiation between Specter and Democrats in the Senate and White House, and it favorably alters the balance of power for President Obama as he is facing tough votes in the months ahead on health care, energy and budget bills

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Official who OK’d N.Y. flyby accused of ‘felony stupidity’

After a YouTube video showed panicked New Yorkers scrambling as a Boeing 747 flew frighteningly close to the lower Manhattan skyline, a former Homeland Security adviser questioned whether the man who approved the flyby should remain in his White House office. Fran Townsend, who advised President George W. Bush for more than three years, labeled the decision as “crass insensitivity” in the wake of 9/11.

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White House apologizes for low-flying plane

A White House official apologized Monday after a low-flying Boeing 747 spotted above the Manhattan skyline frightened workers and residents into evacuating buildings. The aircraft was a White House plane taking part in a classified, government-sanctioned photo shoot, the Federal Aviation Administration said. “Last week, I approved a mission over New York.

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