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**FILE** House Majority Leader Eric Cantor, Virginia Republican, speaks on April 13, 2012, at the National Rifle Association convention in St. Louis. (Associated Press)

Cantor refuses to budge on tax cuts

House Majority Leader Eric Cantor said Friday that he thinks Congress will take action on the George W. Bush-era tax cuts before their January expiration date, but he declined to say whether House Republicans will be willing to compromise with Senate Democrats on a plan.

Republican presidential candidate and former Massachusetts Gov. Mitt Romney listens to a reporter's question at 10 Downing Street in London, Thursday, July 26, 2012. (AP Photo/Charles Dharapak)

Romney: 'It looks like London is ready'

On an overseas trip meant to boost his foreign policy credentials and diplomatic acumen, Mitt Romney quickly found himself in the crossfires after expressing some misgivings earlier this week about London's preparedness to host the Olympic games.

**FILE** President Obama waves July 24, 2012, to supporters on his arrival at Boeing Field in Seattle. (Associated Press)

Poll: Business owners down on Obama

Even before President Obama's controversial "You-didn't-build-that" comment, approval ratings by the the nation's business owners of Mr. Obama were falling to a new low, according to a new Gallup poll released Thursday.

** FILE ** Senate Majority Leader Harry Reid of Nevada speaks on Capitol Hill on Tuesday, June 26, 2012, after the Democrats' weekly strategy session. (Associated Press)

Senate Dems rule out action on guns

A day after President Obama called for new gun restrictions in the wake of the Colorado shooting, Senate Majority Leader Harry Reid on Thursday ruled out any action this year, saying his chamber was too busy with other issues.


Cornyn: Reid threw fellow Dems 'under the bus' with tax vote

Sen. John Cornyn, the Texas Republican who chairs the National Republican Senatorial Committee, said Thursday the chamber's "show vote" to kill the George W. Bush-era tax cuts for the wealthiest Americans would come back to bite Democrats in November — and that he was surprised Senate Majority Leader Harry Reid, Nevada Democrat, brought it to the floor at all.

** FILE ** Maryland Gov. Martin O'Malley (Barbara L. Salisbury/The Washington Times)

O'Malley launches national PAC

Maryland Gov. Martin O'Malley has started a new political action committee to fund Democratic candidates nationwide as well as two ballot initiatives in his state, fueling speculation that the second-term governor could eventually seek federal office.

Republican presidential candidate Mitt Romney arrives July 26, 2012, at 10 Downing Street in London. (Associated Press)

Union Leader calls for Romney tax release

New Hampshire's largest newspaper is calling on Mitt Romney to release more of his tax returns, arguing that if he does not come clean about his personal financial history it could cost him precious votes come Election Day.

Massachusetts Democratic candidate for the U.S. Senate Elizabeth Warren talks during a forum at the John F. Kennedy Presidential Library and Museum in Boston, Tuesday, July 17, 2012. The forum was originally intended to be a debate between Warren and incumbent Sen. Scott Brown, R-Mass., before Brown backed out. (AP Photo/Stephan Savoia)

Mass. Senate race a dead heat

The Massachusetts Senate race remains one of the closest in the nation, with a new poll showing Republican Sen. Scott Brown and his Democratic opponent Elizabeth Warren running neck and neck in the widely watched race.