A Battering Ram Becomes a Stonewall - WSJ.com: "We know the IRS commissioner wasn't telling the truth in March 2012, when he testified: "There's absolutely no targeting." We have learned that Lois Lerner lied when she claimed she had spontaneously admitted the targeting in a Q-and-A at a Washington meeting. It was part of a spin operation in which she'd planted the question with a friend. We know the tax-exempt bureau Ms. Lerner ran did not simply make mistakes because it was overwhelmed with requests—the targeting began before a surge in applications. And Ms. Lerner did not learn about the targeting in 2012—the IRS audit timeline shows she was briefed in June 2011. She said the targeting was the work of rogue agents in the Cincinnati office. But the Washington Post spoke to an IRS worker there, who said: "Everything comes from the top." We know that Lois Lerner this week announced she'd done nothing wrong, and then took the Fifth."
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Oil Prices Drop, Despite Heightened Sanctions on Russian Crude - The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.