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Americans Elect Gives Up on Presidential Race

Neil King Jr. — Thu, 17 May 2012 21:54:14 +0000

After spending $35 million trying to launch a centrist, third-party presidential candidate, Americans Elect is giving up the quest�without a candidate.

Ricketts Family Tries to Calm Storm in Chicago

Alicia Mundy — Thu, 17 May 2012 21:14:20 +0000

The tornado spinning from reports that Republican strategists might re-open the 2008 attacks on President Obama�s ties to a controversial minister has blown into the Windy City and the office of Chicago Mayor Rahm Emanuel, one of Mr. Obama�s most loyal friends.

Boehner: No Budget Brinksmanship From Me

Naftali Bendavid — Thu, 17 May 2012 20:39:01 +0000

House Speaker John Boehner (R., Ohio) professed bafflement Thursday about the reaction to his comment Wednesday that any increase in the debt limit at the end of the year must be accompanied by spending cuts and other savings of greater value.

Political Firefight Over Wright-Ad Report

Danny Yadron — Thu, 17 May 2012 19:19:57 +0000

A political firefight erupted between the Barack Obama and Mitt Romney campaigns over a report that some Republican strategists might reopen attacks on Mr. Obama�s ties to his controversial former pastor.

Billionaire Joe Ricketts Rejects Wright Ads

Alicia Mundy — Thu, 17 May 2012 17:24:45 +0000

Billionaire Joe Ricketts rejected an ad plan that would attack Obama by using his former ties to Rev. Jeremiah Wright. Meanwhile, a political firefight erupted between the Obama and Romney camps.

Statement on Behalf of Joe Ricketts on ‘Ricketts Plan’

WSJ Staff — Thu, 17 May 2012 17:02:03 +0000

Wealthy businessman Joe Ricketts was thrust into the spotlight by a New York Times article Thursday that reported he had commissioned a proposal to launch attack ads against president Barack Obama, ads that would highlight Mr. Obama's ties to his former spiritual adviser, the Rev. Jeremiah Wright. In response to the article, a spokesman for Mr. Ricketts released the following statement.

Dave Camp Urges Comprehensive Tax Overhaul

John D. McKinnon — Thu, 17 May 2012 15:02:33 +0000

House Ways and Means Chairman Dave Camp nudged the Obama administration to embrace a comprehensive overhaul of the tax system next year, in a speech on Thursday morning.

Geithner: U.S. ‘Can�t Afford’ Bush Tax Cuts for Wealthy

Damian Paletta — Thu, 17 May 2012 13:01:16 +0000

Treasury Secretary Timothy Geithner on Thursday said the U.S. "can't afford" to extend the Bush-era tax cuts for the upper-income when they expire later this year, as he spelled out the Obama administration's economic views in a speech.

Romney Fundraising on Pace With Obama’s

Patrick O'Connor — Thu, 17 May 2012 12:07:09 +0000

Mitt Romney raised $40.1 million in his first month as the presumptive Republican presidential nominee, nearly matching President Barack Obama's total.

Romney: J.P. Morgan’s $2 Billion Loss Is Someone Else’s Gain

Sara Murray — Wed, 16 May 2012 21:18:56 +0000

Mitt Romney cautioned that J.P. Morgan's $2 billion loss shouldn't inspire a rush for new legislation or regulation in an interview with a conservative blogger Wednesday.