Debt ceiling fight clouds October cash squeeze in Washington
The report warns the Treasury may run out of money to pay bills around October 18 if extraordinary measures expire, risking a partial default and a possible government shutdown before September 30. It cites potential priority battles among bondholders Social Security Medicare and soldiers, with Cantor and Boehner signaling tactics to defund Obamacare in exchange for higher borrowing authority.
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Pakistan to free Taliban second in command Baradar this month
Pakistan plans to release former Afghan Taliban deputy Mullah Abdul Ghani Baradar within the month to aid peace talks in Afghanistan. Foreign policy adviser Sartaj Aziz said the timing is under discussion and would keep Baradar in Pakistan to maintain contact with leadership, while Kabul urged caution and continued oversight.
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FDA tightens warnings on long acting pain drugs
The FDA proposed stronger label language for long acting and extended release opioids to curb overdoses and deaths. It cited morphine oxycodone and fentanyl and noted 2010 opioid related deaths total 16 651. Officials called long acting forms disproportionately involved in abuse and fatalities and said labels will now mark use for severe pain only and warn of newborn risks.
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U S Eases Iran Sanctions Aids Exchange Programs
The United States loosens sanctions on Iran to ease humanitarian entry and allow sports exchanges without special permission. Non profit groups in disaster relief wildlife conservation and human rights may operate more freely. Analysts see the moves as fostering U S Iran goodwill amid a new moderate president.
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