Obama Pledges Credit Card Reform

(NEWSER) - The House today approved legislation to protect credit card holders from hidden fees and sudden rate hikes, Reuters reports. Legislators voted overwhelmingly for the Credit Cardholders' Bill of Rights, a measure banks complain will tighten the amount of credit available and make holding a card more expensive. The Senate is expected to pass its own version next, and President Obama hopes to sign the bill in May. More»

...because he's not terribly interested in fighting it

(NEWSER) - Democrats saw the way Mitt Romney's super PAC destroyed Newt Gingrich in Iowa, and it terrified them, because President Obama's super PAC—or as Politico terms it, "not-so-super PAC"—doesn't have the muscle for anything like that. "It's like when China got the bomb," says one Democrat close to the PAC, "We thought we were the ones with cash supremacy. That's clearly not the case." Obama's Priorities USA Action has just $5 million in the bank, less than half Romney's $12 million. More»

Semi-secret assassination program has expanded greatly in his term

(NEWSER) - In the five years before President Obama took office, America’s drones launched 44 strikes, all confined to Pakistan, killing about 400 people. But during his Oval Office tenure there have been almost 240 strikes, killing at least four times as many people, and the US has built dozens of secret drone facilities, with bases in at least six countries, the Washington Post reports, in an in-depth look into what it terms Obama’s “emerging global apparatus for drone killing.” Though the technology was already developing under President George W Bush, Obama has greatly expanded its use. More»

Balks against State Dept., says US has apologized enough

(NEWSER) - President Obama has decided against issuing a formal apology to Pakistan over a NATO airstrike that killed 24 Pakistani soldiers, even as the State Department insists he must do so to salvage relations with Pakistan, officials tell the New York Times . The administration is instead backing the Defense Department, which thinks the US has apologized enough, and wants Obama to wait at least until its internal investigation of the incident is complete. More»

Tasks federal agencies with trimming the fat in four other areas, too

(NEWSER) - If you happen to be sipping from a promotional coffee cup bestowed on you by a federal agency, hang on to it: You might not be getting a new one anytime soon. As part of his "We Can't Wait" campaign, President Obama will today announce his latest effort: slashing waste. The president will sign an executive order tasking federal agencies with reducing spending by 20% in five areas that have been identified by a Joe Biden-helmed task force as particularly fatty: travel, technology, printing, autos, and swag. USA Today and Politico dig into the nitty gritty: More»