Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.

Rep. Ryan: ‘I Really Misspoke’ When I Said The Generals Were Lying

Rep. Paul Ryan (R-WI) today walked back his previous accusation that generals were lying about their support of President Obama’s Pentagon budget. On CNN’s “State of the Union” this morning, Ryan said that he had called to apologize to Gen. Martin Dempsey, Chairman of the Joint Chiefs of Staff:

Reality Check: Effective U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations

Republicans have been kvetching today about the fact that, as of Sunday, the U.S. will have the highest statutory corporate tax rate in the world following a scheduled cut in Japan’s corporate tax. “The United States is a world leader in countless ways. ‘World’s Highest Taxes’ is a title we should give up as soon as possible,” wrote Sen. John Barrasso (R-WY) in a Fox News op-ed.

Mega Failure: Why Lotteries Are A Bad Bet For State Budgets

The jackpot for the upcoming Mega Millions lottery drawing has grown to a whopping $640 million. This sky-high total has some state legislators hoping for a big payday via the tax bill that would come from one of their residents taking home the prize. “I’d love it if a Rhode Islander wins,” said Rep. Helio Melo, the chairman of his state House’s Finance Committee.

Debunking Paul Ryan’s Bizarre Claim That Food Stamps Are ‘Unsustainable’

In response to a question from ThinkProgress at a policy summit yesterday, Rep. Paul Ryan (R-WI) not only attempted to defend the tax cuts for millionaires in his new budget, but also dove into greater detail about why he so drastically cuts support programs for poor and low-income Americans

Starbucks Boycott Over Marriage Equality Spurs Tenfold Backlash

The National Organization for Marriage’s decision to boycott Starbucks for the company’s support of the freedom to marry has turned out to be a dismal failure. In the five days since NOM launched its “Dump Starbucks” petition, it has only gotten 19,000 signatures, compared to the nearly 250,000 individuals who have signed SumOfUs’s retaliatory “Thank You, Starbucks” card. In fact, SumOfUs has gotten over 8,000 new signers since 8:30 this morning.

Israel, West Bank Settlers Brace For Showdown

Just two months ago, Aviela Deitch was proud to show off what residents had built on the hilltop outpost of Migron, just a few miles away from the Palestinian city of Ramallah in the West Bank.

At that time, the Israeli Supreme Court had already ruled that Migron was sitting on private Palestinian property and had ordered Migron settlers to evacuate.

Three Major Banks Prepare for Possible Credit Downgrades

Some of Wall Street’s biggest banks are bracing for fallout from a possible cut in their credit ratings.

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