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Senate Republicans brake rush to tax AIG bonuses

AP - Fri Mar 20, 5:11 PM ET

WASHINGTON - Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

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  1. First lady Michelle Obama takes part in the groundbreaking of the White House Kitchen Garden on the South Lawn of the White House in Washington, Friday, March 20, 2009, with students from Washington's Bancroft Elementary School. (AP Photo/Ron Edmonds)
    Ground is broken for White House 'kitchen garden' AP - Fri Mar 20, 4:09 PM ETSent 655 times

    WASHINGTON - Twenty-six elementary schoolchildren wielded shovels, rakes, pitchforks and wheelbarrows to help first lady Michelle Obama break ground for a produce and herb garden on the White House grounds.

  2. A mail carrier who identified himself as Manuel makes his rounds in the Cow Hollow neighborhood in San Francisco, California March 20, 2009. The U.S. Postal Service said on Friday it is closing six of its 80 district offices. In addition, administrative staff positions at district level nationwide are being reduced by 15 percent and nearly 150,000 employees nationwide being given opportunity to take an early retirement. REUTERS/Robert Galbraith (UNITED STATES BUSINESS POLITICS)
    Post office offering early out, cutting managers AP - Fri Mar 20, 5:52 PM ETSent 481 times

    WASHINGTON - Battered by the economy, the post office is offering early retirement to 150,000 workers, cutting management and closing offices, the agency said Friday.

  3. President Barack Obama makes remarks to representatives of the National Conference of State Legislatures, Friday, March 20, 2009, in the Eisenhower Executive Office Building on the White House campus in Washington. (AP Photo/Gerald Herbert)
    Obama budget could bring $9.3 trillion in deficits AP - 2 hours, 5 minutes agoSent 473 times

    WASHINGTON - President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.

  4. In this security videotape released by Middlefield Police Department showing Chris Mason, center, and her husband, James Mason, right, collapsed and limp in a pool Monday, June 2, 2008 in Middlefield, Ohio. Sitting in a wheelchair is Maryanne Vallandingham, mother of Chris Mason. Chris Masson pleaded guilty to a charge of reckless homicide in the death of her husband. She is due for sentencing Friday. (AP Photo/HO, Middlefield Police Department)
    Transgender wife gets 4 years for husband's death AP - 1 hour, 59 minutes agoSent 312 times

    MIDDLEFIELD, Ohio - James M. Mason knew his wife since she was born a boy. The janitor and former military man was a boarder in the child's home and was treated like family.

  5. Experts: Spider found at grocery likely not lethal AP - Fri Mar 20, 4:34 PM ETSent 247 times

    TULSA, Okla. - A spider found in a Tulsa grocery store might not have been as deadly as initially thought.

  6. A car speeds past the AIG sign, Thursday, March 19, 2009, at AIG's financial products offices in Wilton, CT. Federal Reserve Chairman Ben Bernanke on Friday called for banking supervisors to pay 'close attention' to compensation practices as they examine the soundness of financial institutions. (AP Photo/Stephen Chernin)
    Senate Republicans brake rush to tax AIG bonuses AP - Fri Mar 20, 5:11 PM ETSent 190 times

    WASHINGTON - Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

  7. President Barack Obama, left, appears on The Tonight Show with Jay Leno in Burbank, Calif. Thursday, March 19, 2009. (AP Photo/Gerald Herbert)
    Obama apologizes for Special Olympics gaffe AP - Fri Mar 20, 11:09 AM ETSent 127 times

    WASHINGTON - President Barack Obama has apologized to the chairman of the Special Olympics for his late-night talk show quip equating his bowling skills to those of athletes with disabilities.

  8. Iranian Sama Dancer, Behzad Hajir, right, performs the mystical Sufi whirling, a traditional trancelike meditation, called Sama, as an unidentified musician performs, in a ceremony commemorating Iranian New Year, Nowruz, at the Tehran University, in Tehran, Iran, Saturday, March 14, 2009. Unlike other countries in the Middle East, Iran follows the Persian solar year, which begins on the first day of spring. This March 21, Iran begins the year 1388. Along with Iranians, Kurds and people in parts of Turkey, Azerbaijan, Turkmenistan, Tajikistan, Kyrgyzstan and Afghanistan celebrate Nowruz, which is a Persian word for New Year. (AP Photo/Vahid Salemi)
    Iran brushes aside new Obama video message AP - Fri Mar 20, 4:31 PM ETSent 120 times

    TEHRAN, Iran - The Iranian government brushed aside a Persian New Year's message Friday from President Barack Obama offering to resolve years of hostility, saying it wants concrete change from Washington before it's ready to enter a dialogue.

  9. Feds shut banks in Georgia, Colorado, Kansas AP - 1 hour, 27 minutes agoSent 105 times

    WASHINGTON - Regulators on Friday shut down banks in Georgia, Colorado and Kansas, marking 20 failures of federally insured banks this year. More are expected to succumb to the prolonged recession.

  10. Defendant Josef Fritzl stands in the courtroom of the provincial courthouse in St. Poelten, Austria, Thursday, March 19, 2009. Josef Fritzl was convicted of homicide, enslavement, incest, rape and other charges Thursday and sentenced to life in a psychiatric prison for holding his daughter captive for 24 years and fathering her seven children. Fritzl, 73, sat calmly and bowed his head as the verdicts by the Austrian jury were read. He later told the court he accepted the outcome and waived his right to appeal — bringing a dramatic end to a shocking case that has drawn worldwide attention. (AP Photo/Robert Jaeger, Pool)
    After horrific trial, Austria struggles to move on AP - Fri Mar 20, 4:03 PM ETSent 86 times

    VIENNA - Long before Josef Fritzl and the horrendous crimes in his dungeon, Austria was maligned for its Nazi past, its right-wing politics and another high-profile abduction case.

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  1. The home of AIG executive James Hass is seen Friday March 20, 2009 in Fairfield, Conn. Pillars of the community are now pariahs fearing for their safety in a ritzy area of Connecticut home to many executives at American International Group Inc., hit with a backlash over bonuses it paid to top brass even as it accepted federal bailout money. (AP Photo/Douglas Healey)
    Senate Republicans brake rush to tax AIG bonuses AP - Fri Mar 20, 5:11 PM ET

    WASHINGTON - Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

  2. In this undated photo released by the U.S. Navy, the Port-side bow of the Los Angeles class nuclear-powered fast attack submarine USS Hartford (SSN 768) is seen anchored off the US Naval Academy, in Annapolis, Md. The U.S. Navy's 5th Fleet says two of its vessels — a submarine, the USS Hartford and an amphibious ship, the USS New Orleans collided in the Strait of Hormuz between Iran and the Arabian peninsula early Friday, March 20, 2009. (AP Photo/U.S. Navy, Don S. Montgomery)
    2 US Navy vessels collide in Strait of Hormuz AP - Fri Mar 20, 3:15 PM ET

    MANAMA, Bahrain - Two U.S. Navy vessels — a nuclear-powered submarine and an amphibious ship — collided before dawn Friday in the mouth of the Persian Gulf, one of the world's most important sea passages for oil supplies.

  3. Post office offering early out, cutting managers AP - Fri Mar 20, 5:52 PM ET

    WASHINGTON - Battered by the economy, the post office is offering early retirement to 150,000 workers, cutting management and closing offices, the agency said Friday.

  4. US President Barack Obama, seen here on March 19, 2009, make his way to board Air Force Oneat Long Beach - Daugherty Field Airport in Long Beach, California. Anik Arakel let out a heartfelt sigh of happiness as she listened to US President Barack Obama wishing the Iranian people "Eid-eh Shoma Mobarak" as they celebrate Nowruz, the Persian new year.(AFP/File/Mandel Ngan)
    Iran brushes aside new Obama video message AP - Fri Mar 20, 4:31 PM ET

    TEHRAN, Iran - The Iranian government brushed aside a Persian New Year's message Friday from President Barack Obama offering to resolve years of hostility, saying it wants concrete change from Washington before it's ready to enter a dialogue.

  5. Chris Mason walks into a courtroom for sentencing, Friday, March 20, 2009, in Chardon, Ohio. Mason was sentenced to four years in prison for the reckless homicide of 73-year-old James Mason by putting him through strenuous activity in a swimming pool. (AP Photo/Tony Dejak)
    Transgender wife gets 4 years for husband's death AP - 1 hour, 59 minutes ago

    MIDDLEFIELD, Ohio - James M. Mason knew his wife since she was born a boy. The janitor and former military man was a boarder in the child's home and was treated like family.

  6. In this video frame grab image taken from ABC-TV video, actress Vanessa Redgrave, left, mother of Natasha Richardson, is hugged by actress Laura Linney, as Richardson's sister, actress Joely Richardson, right looks on, in the Broadway theater district of Manhattan in New York, Thursday March 19, 2009. Redgrave and Richardson's husband Liam Neeson, were among family members who went to Broadway as theaters dimmed their lights in tribute to Natasha Richardson, the Tony-winning actress who died from bleeding in the skull caused by the fall she took on a ski slope. (AP Photo/ABC-TV via APTN)
    Family, friends gather for Natasha Richardson AP - Fri Mar 20, 5:45 PM ET

    NEW YORK - Liam Neeson looked distraught as he greeted grieving family members and friends who attended a private viewing for wife Natasha Richardson on Friday.

  7. Spring-breakers, mostly from Canada, enjoy themselves at the beach in the resort city of Cancun, Mexico Wednesday March 4, 2009. The U.S. State Department and universities in the U.S. are warning college students headed for Mexico for some spring-break partying of a surge in drug-related murder and mayhem south of the border.(AP Photo/Israel Leal)
    Spring Break in the Recession: Staying Closer to Home Time.com - Fri Mar 20, 2:25 PM ET

    Trips to exotic beach destinations have plummeted, but that doesn't mean students are staying in the library. They're just finding cheaper, more innovative -- and, perhaps, more rewarding -- ways to travel

  8. A protestor is reflected in the sunglasses of a Washington police officer during a protest against AIG bonuses and bailout, Friday, March 20, 2009, in front of the AIG offices in Washington.(AP Photo/Alex Brandon)
    AIG bonus outrage has employees living in fear AP - Fri Mar 20, 6:24 PM ET

    FAIRFIELD, Conn. - Pillars of the community are now pariahs fearing for their safety in a ritzy area of Connecticut home to many executives at American International Group Inc., hit with a backlash over bonuses it paid to top brass even as it accepted federal bailout money.

  9. US President Barack Obama speaks during a town hall meeting on March 19, 2009 at the Miguel Contreras Learning Complex 2009 in Los Angeles. The US budget deficit could hit 1.845 trillion dollars this year under the budget proposed by President Barack Obama, quadrupling the 2008 record shortfall, a new forecast showed Friday.(AFP/File/Mandel Ngan)
    Obama budget could bring $9.3 trillion in deficits AP - 2 hours, 5 minutes ago

    WASHINGTON - President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.

  10. Experts: Spider found at grocery likely not lethal AP - Fri Mar 20, 4:34 PM ET

    TULSA, Okla. - A spider found in a Tulsa grocery store might not have been as deadly as initially thought.

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  1. Kolan McConiughey bowls at Colonial Lanes in Ann Arbor, Mich., Friday March 20, 2009. McConiughey, who is cognitively impaired, has bowled five perfect games since 2005. President Barack Obama made an offhand remark on 'The Tonight Show' Thursday comparing his bowling to 'the Special Olympics or something.' He quickly apologized and told the Special Olympics chairman he wants to have some Special Olympic athletes visit the White House to bowl or play basketball. (AP Photo/Paul Sancya)
    Special Olympics bowler: I can beat the president! AP - 1 hour, 14 minutes agoRecommended 466 times

    ANN ARBOR, Mich. - So President Barack Obama thinks he bowls like a competitor in the Special Olympics?

  2. Senate Banking Committee Chairman Sen. Christopher Dodd of Conn. arrives for a hearing on bank regulation and supervision, Thursday, March 19, 2009, on Capitol Hill in Washington. (AP photo/Harry Hamburg)
    Dodd's political stock tumbles in Connecticut AP - Fri Mar 20, 12:35 PM ETRecommended 400 times

    WASHINGTON - Democrats may want to start thinking about a bailout for Senate Banking Committee Chairman Christopher Dodd, whose political stock has slipped amid the financial meltdown.

  3. US President Barack Obama speaks in the Eisenhower Executive Office Building adjacent to the White House in Washington, DC. Iran on Friday welcomed US President Barack Obama's olive branch to Tehran but urged him to take concrete steps to repair mistakes that have frozen ties between the two nations for three decades.(AFP/Saul Loeb)
    Auditors project deeper deficits for Obama budget AP - 40 minutes agoRecommended 382 times

    WASHINGTON - President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.

  4. First lady Michelle Obama, accompanied by students from Washington's Bancroft Elementary School, takes part in groundbreaking of the White House Kitchen Garden, Friday, March 20, 2009, on the South Lawn of the White House in Washington. (AP Photo/Ron Edmonds)
    Ground is broken for White House 'kitchen garden' AP - Fri Mar 20, 4:12 PM ETRecommended 287 times

    WASHINGTON - Twenty-six elementary schoolchildren wielded shovels, rakes, pitchforks and wheelbarrows to help first lady Michelle Obama break ground for a produce and herb garden on the White House grounds.

  5. In this video frame grab image taken from ABC-TV video, actor Liam Neeson, husband of Natasha Richardson, greets supporters, as actor Matthew Broderick looks on, in the Broadway theater district of Manhattan in New York, Thursday March 19, 2009. Neeson and Richardson's mother Vanessa Redgrave were among family members who went to Broadway as theaters dimmed their lights in tribute to Richardson, the Tony-winning actress who died from bleeding in the skull caused by the fall she took on a ski slope. (AP Photo/ABC-TV via APTN)
    Kin, friends gather for Richardson private wake AP - 1 hour, 9 minutes agoRecommended 225 times

    NEW YORK - Liam Neeson looked distraught as he greeted grieving family members and friends who attended a private viewing for wife Natasha Richardson on Friday.

  6. Chris Mason, right, tearfully apologizes before Geauga County Common Pleas Judge Forrest Burt, Friday, March 20, 2009, in Chardon, Ohio for for the June death of her husband, who had heart problems. Mason was sentenced to four years in prison for the reckless homicide of 73-year-old James Mason by putting him through strenuous activity in a swimming pool. (AP Photo/Tony Dejak)
    Transgender wife gets 4 years for husband's death AP - 42 minutes agoRecommended 216 times

    MIDDLEFIELD, Ohio - James M. Mason knew his wife since she was born a boy. The janitor and former military man was a boarder in the child's home and was treated like family.

  7. President Barack Obama talks to California Governor Arnold Schwarzenegger, after making remarks in the Roosevelt Room of the White House in Washington, Friday, March 20, 2009. (AP Photo/Gerald Herbert)
    Obama reaches out to Iranians with video message AP - Fri Mar 20, 2:02 PM ETRecommended 203 times

    WASHINGTON - President Barack Obama is reaching out to the Iranian people in a new video with Farsi subtitles, saying the U.S. is prepared to end years of strained relations if Tehran tones down its bellicose rhetoric.

  8. Iran brushes aside new Obama video message AP - Fri Mar 20, 4:31 PM ETRecommended 200 times

    TEHRAN, Iran - The Iranian government brushed aside a Persian New Year's message Friday from President Barack Obama offering to resolve years of hostility, saying it wants concrete change from Washington before it's ready to enter a dialogue.

  9. People walk on the sidewalk to protest AIG bonuses and bailout, Friday, March 20, 2009, in front of the AIG offices in Washington.(AP Photo/Alex Brandon)
    Senate Republicans brake rush to tax AIG bonuses AP - 1 hour, 23 minutes agoRecommended 198 times

    WASHINGTON - Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

  10. In this Feb. 11, 2009 file photo, Alaska Gov. Sarah Palin, left, responds to questions during a news conference, in Juneau, Alaska. Alaska Director of the Office of Management and Budget Karen Rehfeld look on. Palin, the 2008 GOP vice presidential nominee, has avoided the spotlight amid complaints in her state that she had been too focused on developing her national profile. (AP Photo/Chris Miller, File)
    Palin rejects nearly 30 percent of stimulus funds AP - Fri Mar 20, 7:31 AM ETRecommended 185 times

    JUNEAU, Alaska - It's up to the Alaska Legislature to request hundreds of millions of dollars in federal stimulus funds from the federal government.

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