Obama pushes for big deal as debt deadline nears
President Obama urged lawmakers to craft a substantial deficit-cutting package to prevent a default, while Congress split into competing plans. The Treasury prepared final steps to avoid surpassing the 14.3 trillion dollar debt limit as August 2 loomed, with Republicans proposing automatic borrowing only if a balanced budget amendment passes. Senate leaders pursued a fallback plan to raise the debt limit with limits on spending and a panel recommending year-end cuts.
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Global allies recognize Libyan rebels as legitimate government
The United States and over 30 nations, forming the Contact Group on Libya, formally recognize the National Transitional Council as Libya’s legitimate authority, declaring Muammar Gaddafi’s regime illegitimate and potentially unlocking billions in rebel funds as they back the opposition in the civil war.
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Mosquito Swarms Grow as Missouri River Floods Spread
In northwest Missouri floodwaters breed vast mosquito swarms that bite residents daily. Rhonda Wiley, emergency management director for Atchison County, reports heavy swarms as authorities fear a long season. Experts cite stagnant flood pools as ideal mosquito habitat, with Elwood Kansas spraying nightly to curb the problem.
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Chavez to begin second phase of cancer treatment in Cuba
Venezuelan President Hugo Chavez announced he will travel to Havana to start a second phase of cancer treatment including chemotherapy after a June surgery in Cuba to remove a cancerous tumor from his pelvis.
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Murdoch apologizes in wake of phone hacking scandal
Rupert Murdoch accepted resignations of the Wall Street Journal publisher and Britain chief as he faced a widening phone hacking scandal. He apologized publicly and to Milly Dowler's family, met them in London, and faced heckling outside a hotel. Dowler’s case intensified the crisis gripping News Corp and its empire.
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