Both sides appear upbeat on opening round of ‘fiscal cliff’ talks

After a brutally divisive presidential campaign and two years of acrimony over the federal budget, the nation’s leaders joined hands Friday and pledged fast and far-reaching action to tame the public debt and avoid economy-shaking tax hikes set to hit in January.

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Pension Benefit Guaranty Corp. running $34 billion deficit

The federal agency that insures pensions for 43 million Americans saw its deficit swell to $34 billion in the past year, the largest in its 38-year history.

In its annual report released Friday, the Pension Benefit Guaranty Corp. blamed the growing shortfall on its inability to charge private employers adequate premiums for insuring pensions.

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Petraeus tells Congress that Benghazi attack was terrorism

Former CIA director David H. Petraeus told Congress on Friday that the Sept. 11 attack on the U.S. mission in Benghazi, Libya, was clearly an act of terrorism, but he did not resolve the question of when the agency reached that conclusion, according to law­makers who attended the closed-door sessions.

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Priebus to seek second term as RNC chair, says he has the votes

Republican National Committee Chairman Reince Priebus said Friday that he will seek another two-year term for his current job and says he has far more support than he needs to keep it.

In an e-mail to supporters, Priebus said he has commitments from 130 of 168 members.He only needs the support of a majority of members — 85.

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Obama pledges to protect vulnerable in ‘fiscal cliff’ talks, advocates say

On the same day he told congressional leaders that he would seek common ground to avert deep budget cuts scheduled to go into effect next year, President Obama met with a roster of civic and civil rights leaders and promised them that he shared their goal of protecting the nation’s middle class and more vulnerable families, several of the leaders said.

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Reince Priebus will seek another term as RNC chairman

Rience Priebus announced Friday that he will run for another term as chairman of the Republican National Committee, according to the Daily Caller. He e-mailed the news to members of the committee Friday afternoon, the report said.

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Republicans say CIA’s Benghazi talking points were altered

Republicans said Friday that the CIA talking points used by U.N. Ambassador Susan Rice to explain the deadly Sept. 11 attack on a U.S. diplomatic outpost in Benghazi, Libya, were altered, according to Roll Call.

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