Pat Dollard

WASHINGTON (Reuters) – The Federal Reserve on Wednesday launched a fresh effort to support a struggling U.S. economy, committing to buy $600 billion in government bonds despite concerns the program could do more harm than good. The decision takes the Fed into largely uncharted waters and is aimed at further lowering borrowing costs for consumers [...]

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The Hill: A resurgent Republican Party captured control of the House on Tuesday as voters swept aside dozens of Democrats to shift the balance of power dramatically in Washington.

Wall Street Journal: BOWLING GREEN, Ky.—Tea-party leaders, cheering as some of their movement’s most prominent figures won U.S. Senate seats in Kentucky and Florida, said Tuesday’s elections were only the beginning of their quest to transform government. “Things look good for tonight,” said Jenny Beth Martin, national coordinator of the Tea Party Patriots, an umbrella [...]

Washington Post: President Obama allowed Republicans to define the terms of the nation’s political argument for the past two years and permitted them to draw battle lines the way they wanted. Neither he nor his party can let that happen again. Democrats would be foolish to turn in on themselves in a fruitless battle over [...]

Politico: In the final days before the election that ended her hold on power, Speaker Nancy Pelosi insisted Democrats would keep the House and proclaimed no regrets. “I didn’t come here to keep a job. I’m here to do a job,” she told an adoring crowd in San Francisco. The statement was vintage Pelosi, reflecting [...]

Washington Times: Facing Republicans in a closed-door meeting 19 months ago, newly minted President Obama tried to end a philosophical debate over the size and scope of the stimulus with this simple admonition: “I won.” After Tuesday’s election, all eyes will be on Mr. Obama to see how he handles having lost – big – [...]

Fox News: Senator Jim DeMint’s biggest triumph may not be his easy re-election in South Carolina Tuesday night, but the victories of fiscally-conservative Republicans he supported in other states. He sees the fresh faces as part of a movement to not only challenge policies of the Obama administration, but also what he sees as excesses [...]