GOP push for constitutional balanced budget amendment
The Republican push to require a balanced federal budget faces uphill odds as a Tea Party backed amendment seeks a two thirds vote in both chambers to curb spending and tax increases. Democrats are unlikely backers, with opposition to the stricter version and mixed support for 1995 language.
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Texas
Sessions
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U.S
Grover Norquist
Americans For Tax Reform
Norquist
Republican Study Committee
Newt Gingrich
R-Ga
Bill Clinton
Congress
Mike McIntyre
North Carolina
Exxon Oil Spill Cleanup Costs Estimated at 42.6 Million
Exxon Mobil faces about 42 000 gallons of crude spilled into Montana's Yellowstone River near Billings after a July 1 pipeline break. The AP obtained documents showing a 40 million emergency response cost and 2.5 million for property damage, plus a 100 000 appraisal of lost oil. An inspector will oversee pipeline replacement per federal regulator.
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Montana
Yellowstone
Exxon Mobil Corp
Associated Press
Billings
Scenic River
Exxon
Exxon Mobil
Monday Market Highlights From Wall Street roundup
The Dow rose 37.00 to 10,854.65 and the Nasdaq gained 3.54 to 2,345.38 while the S&P 500 advanced 0.29 to 1,123.82. Bond yields show the 30 year at 3.40 percent, little changed. Commodities moved higher with corn 9.25 cents to 7.35, soybeans up 16.75 cents to 13.85, wheat up 2.75 cents to 8.22 and oil up 2.01 to 84.42 a barrel.
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Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Survey shows no recession soon but slow recovery endures
A AP survey of 43 economists finds no looming recession in the next 12 months yet weak growth and high unemployment will persist into 2012. They cite Europe’s debt crisis, consumer restraint, and subdued spending as main drags, with GDP rising about 2 percent annually and unemployment near 9 percent this year, easing to about 8.5 percent in 2012, while stock prices may rise slowly on continued low rates.
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Associated Press
U.S
Europe
Jackson Hole
Wyo
Federal Reserve
Ben Bernanke
Beth Ann Bovino
Standard & Poor’s
Fed
Federal funds to expand rural broadband reach $103M
The U S Department of Agriculture announced more than 103 million dollars in federal funding will be shared by telecom companies in 16 states including Alabama California Illinois Kentucky Louisiana Missouri Nebraska Nevada Ohio Oklahoma Texas Virginia West Virginia Wisconsin and Wyoming to extend high speed Internet to underserved rural areas. Officials quoted note the funding aims to close the digital divide amid terrain population costs and slow current connections.
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U.S
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Nevada
Ohio
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Texas
Virginia
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Wisconsin
Wyoming
Commerce Department
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FCC
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