Senate

(Newser) - The Senate has an eye on extraordinary tax breaks that have allowed hedge fund managers to sock away hundreds of millions of dollars tax free, using their funds like giant pension schemes, the Times reports. Managers who run offshore funds can re-invest earnings in their own funds, deferring taxes for...

(Newser) - Alberto Gonzales is prepping for his April 17 Senate testimony as strenuously as if it were a confirmation proceeding, the Washington Post reports, since his job clearly depends upon it. And he's going it alone: Thanks to possible obstruction of justice charges, DOJ lawyers won't let the attorney general coordinate...

(Newser) - Alberto Gonzales was more deeply involved in the dismissal of eight U.S. attorneys  than he has admitted, and Karl Rove had a direct role in the firings, according to dramatic testimony by the attorney general's former chief of staff yeasterday, reports the Washington Post. Kyle Sampson claimed he briefed...

(Newser) - As if Barack Obama did not face enough obstacles, the junior senator from Illinois with Oval Office aspirations is likened to a "magic negro" by David Ehrenstein. The "magic negro" is a cultural and cinematic racial stereotype exemplified by some of the characters played by Sidney Poitier, Scatman...