Security Council OKs U S British rule of Iraq
The United Nations Security Council authorized a U S British administered transition in Iraq to rebuild the country using its oil wealth. The 14 0 vote ends economic sanctions and opens oil exports while outlining a Development Fund for Iraq and an advisory body with UN and IMF participation.
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Lawmakers approve large tax cut package and rebates
Congress finished a $330 billion tax cut over ten years, less than Bush sought, with $400 per child rebates this summer and about 4 percent higher middle class pay through the year. It includes capital gains and dividend relief, Medicaid aid, and temporary rate cuts, with projections of increased debt and mixed political reactions.
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Polls show confidence in Bush to protect from terror
Washington AP: Americans express strong confidence in the Bush administration to guard against terrorism with 35 percent saying a great deal of confidence. Bush’s job approval sits at 66 percent while views on winning in the war on terrorism shift. 54 percent say the U.S. is winning, 32 percent say neither side.
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