McCain credits oil drop to offshore drilling policy
McCain says a $10 drop in oil price stems from Bush lifting the offshore drilling ban. He urges continued drilling on the Outer Continental Shelf and criticizes Obama for opposing it. In Washington, the economy shows slower growth and higher prices with Fed poised to hold rates next Aug. 5.
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McCain
Bush
Wilkes-Barre
John McCain
Barack Obama
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Fed
Federal Reserve
Ben Bernanke
Bush backs housing bill as House approves relief aid
President Bush drops opposition to a housing measure aimed at 400,000 homeowners facing foreclosure and stabilizing Fannie Mae and Freddie Mac. The 272 to 152 vote clears the package for Senate passage with $3.9 billion in grants to assist hard-hit neighborhoods and to fund a permanent affordable housing program financed by the mortgage giants. Treasury Secretary Paulson helped negotiate the agreement amid bipartisan support to aid homeowners and stabilize the mortgage market.
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White House
Jalapeno clue shifts salmonella outbreak focus to peppers
Minnesota officials traced salmonella to raw jalapeno garnish at a local restaurant, linking illnesses to pepper shipments from three Mexican farms. The finding redirected federal probes away from tomatoes, aligning with clues from Texas restaurant clusters.
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D.C
Minnesota
Feds
Mexico
McAllen
Texas
Food and Drug Administration
Kirk Smith
Minnesota Department of Health
Obama accepts gift from relative in Sderot rocket strike scene
In Sderot Israel a family member who suffered a direct rocket strike in 2007 presents a gift to Senator Barack Obama D Ill during a visit. The moment underscores the ongoing impact of the conflict on residents and political figures touring the area.
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Barack Obama
D-Ill
Sderot
Israel
Obama backs talks with Iran and warns of pressure
Barack Obama defended direct diplomacy with Iran and said he would use big sticks and big carrots to persuade Tehran not to build nuclear weapons. He argued talking with terms of carrots and sticks strengthens global pressure if Iran rejects overtures. In Nigeria, militants threatened to destroy major oil pipelines within 30 days amid denial of a $12 million protection deal and claims officials misquoted on payments.
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Israel
Barack Obama
Iran
Obama
Lagos
Nigeria
Promanent
Ack
Movement For the Emancipation of the
Niger Delta
Nigerian National Petroleum Corporation
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