Pentagon seeks $583 billion budget for 2017; Republicans say it's not enough

By David Alexander and Andrea Shalal WASHINGTON (Reuters) - The Pentagon proposed a $582.7 billion defense budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the plan is already under fire from Republicans who accuse President Barack Obama of short-changing the military. Obama's defense budget for the 2017 fiscal year would increase spending on the fight against Islamic State militants to $7.5 billion from $5 billion this year, a 50 percent jump.
Obama calls for updates to government IT to protect Americans

WASHINGTON (Reuters) - U.S. President Barack Obama said on Tuesday his budget proposal aims to bolster Americans' safety with a significant investment in cyber security with an eye toward overhauling how the federal government manages and responds to online threats.
Slide in energy companies moves US stocks modestly lower

Jonathan Niles, foreground right, works at the New York Stock Exchange, Tuesday, Feb. 9, 2016. Stock markets have been in a slump so far this year after a lackluster 2015. Several factors have kept investors in a selling mood, including falling crude oil prices, waning growth in major economies and the prospect of Federal Reserve rate hikes after several years of ultra-easy monetary policy. (AP Photo/Mark Lennihan)Major U.S. stock indexes shifted lower in midday trading Tuesday after spending much of the morning wavering between small gains and losses. Investors were weighing the latest batch of company earnings news and looking ahead to the beginning on Wednesday of two days of testimony before Congress by Federal Reserve Chair Janet Yellen. European markets fell following steep losses in Japan.



IRS grants long-delayed tax exempt status to Crossroads GPS

WASHINGTON (AP) — The Internal Revenue Service has granted tax-exempt status to one of the best-known and best-funded politically active nonprofit organizations, Crossroads Grassroots Policy Strategies.
Obama administration plans new high-level cyber official

WASHINGTON (AP) — President Barack Obama says that some of the federal government's information technology systems are archaic and that "we need to upgrade them" to get serious about improving security.


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