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Top US Lawmakers: US Will Not Default on Debt

Posted June 2nd, 2011 at 8:15 pm (UTC-5)
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Senior U.S. lawmakers say Republicans and Democrats will eventually reach a deal to raise the country’s $14 trillion debt limit. The number two Democrat in the U.S. House of Representatives, Steny Hoyer , says financial markets should know that lawmakers will come to an agreement on the issue. House Democratic leader Nancy Pelosi says members […]

Tags: , , , , Posted in US

New Explosions Rock Tripoli

Posted June 2nd, 2011 at 7:55 pm (UTC-5)
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Several explosions rocked the Libyan capital, Tripoli, early Friday. It was not immediately clear whether there were any casualties. For the last several nights, NATO warplanes have bombed targets in Tripoli, including leader Moammar Gadhafi’s sprawling residential and command compound. Mr. Gadhafi has rarely been seen in public since a NATO airstrike killed one of […]

Tags: , , Posted in Middle East

Moody’s Warns Washington On Debt Impasse

Posted June 2nd, 2011 at 2:20 pm (UTC-5)
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A global rating agency says it may consider downgrading the credit rating for the United States if bickering politicians cannot reach an agreement to raise the debt limit. Moody’s Investor Services says the political wrangling over debts and spending has “exceeded expectations.” Current law limits U.S. government debt to about $14.3 trillion, but that limit […]

Tags: , , , Posted in Americas, Economy, US

US: Mitt Romney Entering Race to Oust Obama in 2012

Posted June 2nd, 2011 at 2:05 pm (UTC-5)
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Former Massachusetts governor Mitt Romney has become the latest high-profile Republican to join the U.S. presidential race, hoping to deny President Barack Obama a second term. Romney launched his 2012 campaign Thursday in the northeastern state of New Hampshire, telling supporters Mr. Obama “has failed America.” He pledged to slash government spending, repeal President Obama’s […]

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Clinton: Feds Probe Google Hacking Allegations

Posted June 2nd, 2011 at 1:10 pm (UTC-5)
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U.S. Secretary of State Hillary Clinton says federal agents are investigating accusations from Internet giant Google that computer hackers in China broke into the e-mail accounts of hundreds of people, including senior U.S. officials, Chinese political activists and journalists. Clinton, speaking Thursday in Washington, called the allegations “very serious,” but offered no details of the […]

Tags: , , , Posted in East Asia Pacific

Death Toll Mounts from Crackdown in Central Syria

Posted June 2nd, 2011 at 8:55 am (UTC-5)
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Syrian activists say at least 15 people were killed on Thursday as Syrian security forces pound the central town of Rastan. Witnesses say a number of buildings in the town have been destroyed as the government continues its crackdown on pro-democracy protesters. On Wednesday, rights groups put the civilian death toll from the crackdown in […]

Tags: , , Posted in Middle East

European Stocks Lower in Midday Trading

Posted June 2nd, 2011 at 7:45 am (UTC-5)
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European stock prices are lower in midday trading Thursday. London’s Financial Times index is down seven-tenths of a percent . The CAC-40 in Paris is down 1.1 percent , and the DAX index in Frankfurt is down one percent . In New York, the S&P futures contract is up three points, indicating a higher opening. […]

Tags: , , , Posted in Economy

World Health Organization Says Deadly European Bacteria Is New Strain

Posted June 2nd, 2011 at 6:45 am (UTC-5)
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The World Health Organization says that a deadly outbreak of E. coli bacteria that has killed 17 Europeans is a new strain that has never been seen before. The U.N. agency said Thursday that preliminary genetic tests suggest that the strain is a mutant of two different E. coli bacteria with lethal genes. A food […]

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NATO Says Forces Capture Bin Laden Associate in Afghanistan

Posted June 2nd, 2011 at 6:40 am (UTC-5)
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NATO says Afghan and coalition troops have captured an al-Qaida facilitator who was a former associate of terror leader Osama bin Laden. In a statement Thursday, NATO said the man was captured in the Nahr-e Shahi area of northern Balkh province, but did not give his name. It said the Pakistan-based man planned attacks and […]

Tags: , , Posted in South Asia

Flights Suspended as Yemen Fighting Intensifies

Posted June 2nd, 2011 at 6:35 am (UTC-5)
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Flights have been suspended at the airport in the Yemeni capital as fighting intensifies between government forces and armed tribesmen. Reports said airport operations were halted when the fighting moved close to the airport Thursday. Thousands of armed tribesmen are said to be heading to the capital, Sana’a, to join the fight against government forces. […]

Tags: , , Posted in Middle East

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