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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Aug 11, 2011

Page

8

Debt panel taps Hensarling Camp Upton for panel duties

Boehner selects Rep Jeb Hensarling to co chair a new bipartisan deficit reduction panel alongside Rep Dave Camp and Rep Fred Upton. Senate picks Sen Jon Kyl Pat Toomey Rob Portman to the panel to seek at least 1.2 trillion in spending cuts over a decade before Thanksgiving.

Washington D.C Texas House John Boehner Boehner Ohio Jeb Hensarling Dave Camp Fred Upton Michigan Senate Mitch McConnell Jon Kyl Arizona Pat Toomey Pennsylvania Rob Portman Toomey Congress Hensarling Patty Murray Harry Reid Murray John Kerry D-Mass Max Baucus D-Mont Nancy Pelosi

Dow sinks as markets resume sell-off on European debt fears

The Dow Jones industrial average fell 519.83 points to close at 10,719.94 as investors dumped stocks amid ongoing debt concerns in Europe and a Federal Reserve pledge to keep rates ultra low for two more years. The decline marks a sharp retreat after a brief earlier rally and marks the ninth steepest daily drop.

New York Wall Street Europe Federal Reserve Fed

Deficit tops $1T for third straight year

The Treasury said the deficit through July reached 1.1 trillion dollars marking a third consecutive year above 1 trillion. Spending rose 2.4 percent while revenue climbed 8 percent, with unemployment at 9.1 percent.

Washington, D.C United States Congress White House Treasury Department

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