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The Fed In 3 Phrases: Decoding Bernanke And Co.

The Federal Reserve ends its two-day meeting Wednesday by offering its assessment of the economy and then declaring its latest plan for making things better. Will the Fed's monetary policy formula offer another dash of Operation Twist or a dose of QE3? Read more about these key phrases and what they mean.

Romney's Every Town Counts Tour Ends In Michigan

On Wednesday, Republican presidential candidate Mitt Romney wrapped up a five-day, six-state bus tour called Every Town Counts. He was trying to show voters a more relaxed person than they've seen so far. Romney also honed his attacks against President Obama.

Panel To Vote On Contempt Charges Against Holder

A House committee meets to consider a report holding Attorney General Eric Holder in contempt of Congress on Wednesday. Holder failed to turn over subpoenaed documents related to Operation Fast and Furious, a botched gun-trafficking operation. Rep. Darrell Issa met with Holder Tuesday in an effort to resolve difference over his panel's subpoena for the documents.

Obama's Immigration Move Disrupts Rubio's Dream

President Obama's announcement that he will implement some portions of the DREAM Act pre-empts a plan by Florida Sen. Marco Rubio to introduce a compromise bill. Rubio says he believes Obama overstepped his constitutional authority with the move.

A New Union Battle As Chicago Teachers, Mayor Clash

Teachers in the country's third-largest school district have voted overwhelmingly to authorize a strike if the city and their union can't come to terms this summer. The vote is just the latest example of the gulf between teachers, Chicago school officials and Mayor Rahm Emanuel.

Big Political Donors Shy Away From Public Scrutiny

Some donors willing to write seven-figure checks to superPACs have gotten something they weren't counting on: attention from the political opposition and the media. One donor says he feels like he has a "target strapped on my back."

House Republicans, Holder Head For Showdown Over Gun-Trafficking Scandal

The House Oversight and Government Reform Committee will meet Wednesday to consider a report holding Eric Holder in contempt of Congress for failing to turn over documents related to Operation Fast and Furious, a botched gun-trafficking operation. A meeting between the committee's head and Holder on Tuesday failed to resolve differences.
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Analysis: Chesapeake Cleanup Saved, Virginia Political Ad Blitz Begins

Funding for Chesapeake Bay cleanup has been saved from the Farm Bill, says The Hill's Alex Bolton. He also discusses the advertising monsoon in Virginia for the contentious Senate race this November.


Senate's Top Republican Seeks A Cue From Romney On Immigration

On Capitol Hill Tuesday, Sen. Mitch McConnell, a Kentucky Republican and the Senate minority leader, told reporters he would let the all-but-official Republican presidential nominee first announce a position on Obama's decision before offering his own position publicly.