Nation & World

Obama says U.S. will end ‘outdated approach’ to Cuba

President Barack Obama announced the re-establishment of diplomatic relations and an easing in economic and travel restrictions on Cuba Wednesday, declaring an end to America’s “outdated approach” to the communist island in a historic shift aimed at ending a half-century of Cold War enmity. “Isolation has not worked,” Obama said in remarks from the White House. “It’s time for a new approach.”

Government & Politics

U.S. Rep. Kevin Yoder of Kansas defends measure relaxing banking rules

The Republican faced furious criticism this week for his significant role in a measure allowing federally insured banks to use financial “swaps,” a tool designed to protect banks from bad loans.  Critics say that the relaxed rule, now sitting on the president’s desk, provides a potential backdoor bailout for the nation’s biggest banks — and that Yoder offered the measure as a favor for wealthy bank-related campaign donors.

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