Secret Service benches 3 over White House gate crash
Three Secret Service officers were placed on administrative leave after a Virginia couple entered the White House state dinner uninvited. The president was not at risk, officials said. The Salahis declined to testify as subpoenas loom. Regulators probe the Salahi charity foundation amid fundraising questions.
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Georgia House Speaker Resigns After Affair Scandal
Georgia House Speaker Glenn Richardson, a Republican, resigns after an affair allegation involving a lobbyist and a suicide attempt. Richardson cites ongoing depression as he steps down in Atlanta upcoming to the political fallout.
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Georgia
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Obama jobs summit outlines private sector focus over direct federal investment
President Obama told about 130 business leaders and union officials that while many ideas emerged at the jobs summit, he lacks the money for a broad federal plan. He urged private sector action in weatherization, small business incentives, regulatory relief, and tax credits for new hires, adding that infrastructure spending is not a quick fix. He plans to detail preferred ideas next week as critics argue for costly public works.
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Washington Post
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Ideas to Create Jobs From Summit Proposals
Small groups at the jobs summit proposed ideas to spur employment. They include a national infrastructure bank funded publicly and privately, GPS based air traffic controls, mandating banks lend 10 percent to small firms, retraining in math and science tech jobs, and tax changes to favor equipment spending and domestic investment. The plan also calls for incentives for R D, a rolling two year payroll tax credit for new hires, more aid to governments, one million low wage public jobs to fix streets parks and schools, using bailout funds for small business support, and financing energy efficient building upgrades.
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U.S
Wall Street
House votes to keep estate tax at 45 percent
The House approved a measure to make the 45 percent estate tax rate permanent for estates over 3.5 million dollars, with a 225 to 200 vote. If Congress does not act, the tax would vanish in 2010 and return in 2011 at 55 percent with a 1 million exemption.
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