| November 12, 2010 -- 5:26 p.m. EST
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Online-Privacy Watchdog Planned The Obama administration is preparing a stepped-up approach to policing Internet privacy that calls for new laws and a new position to oversee the effort. Deficit Panel Leader Tweaks White House The Democratic co-chairman of a high-level deficit reduction panel took a swipe at the Obama administration Thursday, saying the budget proposal he unveiled Wednesday was the product of more outreach to Republicans than the White House had ever mustered on its own. White House Chooses FHFA Head The White House is tapping North Carolina Banking Commissioner Joseph A. Smith Jr. to head the regulatory agency that oversees mortgage giants Fannie Mae and Freddie Mac. Groups Compete to Talk to House Freshmen A national tea party group is accusing the Republican Party of plotting to undermine a two-day training session the group has organized this weekend for newly elected members of Congress. Top Earners May Face Big Hit A presidential panel's draft overhaul of the tax system could hit higher earners hard, largely by wiping out deductions and investment breaks that tend to especially benefit those who make enough money to itemize their taxes. Liberals Press Obama Not to Extend All Bush Tax Cuts The White House scrambled to tamp down a burst of anxiety among liberals worried that Obama would agree to extend Bush-era tax cuts for the wealthiest Americans. Alaska Analyzes Votes in Senate Race The outcome will turn on write-in votes, and initial results suggested Alaska may face a drawn-out battle over the validity of votes for incumbent Lisa Murkowski. Obama-Boehner Rift Looms The relationship between Obama and Boehner suggests dim prospects for bipartisan compromise in Washington's soon-to-be divided government. Some Call for Pelosi to Forgo Top Post A small but growing number of Democratic lawmakers are calling on House Speaker Nancy Pelosi to abandon her plan to run for the post of minority leader in the new Congress Extending Bush Tax Cuts, With a Catch Two top Senate Democrats floated the idea of extending the Bush-era income-tax rates for a limited time only, and tying that move to an overhaul of the U.S. tax code or passage of policies to address the budget deficit. | Follow WSJ on Facebook and Twitter.
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Alan Simpson and Erskine Bowles, the chairmen of the newly created... advertisement
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Warren Builds Team at Consumer Finance AgencyElizabeth Warren is assembling a team to deal with one of the fledgling Consumer Financial Protection Agency's biggest - and most closely watched -- responsibilities: Supervising large firms that operate in the world of consumer credit. Hot Counties Turn RedThe fastest growing counties in the U.S. voted overwhelmingly Republican in last week's U.S. House elections, according to a Wall Street Journal analysis of election results by county. Freshmen Lawmakers Dig In On Debt IssueTwo dozen newly elected Republican House members, powwowing in Baltimore, said most of their group are ready to oppose any move to lift the federal debt ceiling, a critical vote they are certain to face early next year. Welcome to the JungleSecurities and Exchange Commissioner Mary Schapiro got a taste of how the next two years of her life could go when two senior House Republican lawmakers warned her Friday not to do anything that would curtail economic growth.
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