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Friday News Roundup - Domestic

Negotiations to avoid the "fiscal cliff" continue. A fight over U.N. Ambassador Susan Rice heats up. And President Obama lunches with former Republican presidential candidate Mitt Romney. The week’s top national stories: what happened and why.


Why Dividends, Capital Gains Are Big Part Of Fiscal Cliff Talks

The tax code has long favored investment income over the money you get in your paycheck. But today's rates on dividends and capital gains are especially low, dating to tax cuts installed under President George W. Bush. And they're one target in the talks to avert a so-called fiscal cliff.

Obama's Plan For Dividends, Gains: Who Would Pay?

As the White House and Congress debate how to steer clear of the fiscal cliff, one obstacle is President Obama's insistence that the wealthy should pay more in taxes — though recently some Republicans have signaled some openness to raising revenues. One of Obama's proposals is to raise the tax rate on capital gains and dividends.
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Natwar Gandhi Claims Wrongful Termination Of Lawsuit

A D.C. government official is claiming his co-worker tried to control the release of public audits, reports the Associated Press.


Rice's Efforts To Win Over Critics Fall Flat

She hasn't even been nominated yet to become the next secretary of state, but Susan Rice, the Obama administration's ambassador to the U.N., has been making the rounds on Capitol Hill to try to drum up support. She's under fire from leading Republicans for the way she described the Sept. 11 attack on the U.S. consulate in Benghazi, Libya, and many of the Republicans she's been meeting have come away unimpressed by her explanations.

Indiana's GOP Leaders Cautious Amid Supermajorities

The Indiana GOP now has a stranglehold on state government, with supermajorities in both chambers of its General Assembly and conservative Republican Mike Pence headed to the governor's mansion. But Republican lawmakers are preaching caution and a need for increased bipartisanship as they handle unchecked legislative power for the next two years. Will they be able to resist the urge to shove through their agenda?