CBO says federal employees rake in much more pay


Douglas W. Elmendorf is director of the Congressional Budget Office.

Comparison with private sector likely to heat up debate over ending freeze.
Buoyed by generous benefit packages, federal workers earn significantly better compensation than similarly educated workers in the private sector, according to a report released Monday from Congress‘ chief scorekeeper that threatens to reignite at the national level last year’s state battles over public-employee rights.

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Buffett would profit from Keystone cancellation

Warren Buffett, whom President Obama likes to cite as a fair-minded billionaire while arguing for higher taxes on the wealthy, stands to benefit from the president’s decision to reject the Keystone XL oil pipeline permit.

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Christmas carnage in Nigeria; 5 churches bombed


The devastating scene outside St Theresa Catholic Church near the Nigerian capital Abuja on Sunday

Jos, Nigeria (CNN) — A string of bombs struck churches in five Nigerian cities Sunday, leaving dozens dead and wounded on the holiday, authorities and witnesses said.

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Fierce clashes in Cairo, Clinton voices outrage

Egyptian police and soldiers fired guns and teargas to try to clear protesters from Cairo’s Tahrir Square on Tuesday, the fifth day of clashes that have killed 13 people and drawn a stinging rebuke from Secretary of State Hillary Clinton.

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Exclusive: MF Global mixed funds, transferred abroad


The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York November 2, 2011.

Regulators investigating the collapse of MF Global have determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday.

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Claim: Clinton Collected $50K Per Month From MF Global


William J. Clinton (left) and Jon S. Corzine

Former president’s new firm Teneo Strategy was hired to boost Corzine.

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It must be nice being President… Obama to jet off to Hawaii for SEVENTEEN DAY Christmas vacation `


Taking it easy: President Obama, pictured playing golf, has announced he will take off more than two weeks to visit Hawaii with his wife and daughters

It follows an 11-day stay in Martha’s Vineyard, Massachusetts, earlier this year, which is also believed to have cost the U.S. taxpayer millions.

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Congress: Trading stock on inside information?

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City braces for ‘tens of thousands’ of protesters set to march on Financial District

The occupation at Zuccotti Park may be over, but wary city officials are bracing for trouble tomorrow when a mob of that could number in the “tens of thousands” is expected to answer Occupy Wall Street’s call to shut down the Financial District.

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Lawsuit vs. school cites masturbation assignment

CARSON CITY, Nev. — Western Nevada College student Karen Royce has filed a harassment claim against the school, alleging a professor there required students to divulge personal details of their sex lives and assigned them to masturbate.

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