Supreme Court to Review Arizona Immigration Law
The Supreme Court will review a challenged Arizona statute that requires police to enforce federal immigration rules. This pivotal case tests federal authority over immigration amid a crowded election season and mirrors other state measures facing administration lawsuits. Arizona Governor Jan Brewer and Republicans urge strong action, while the Obama administration argues immigration lies with the federal government.
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Arizona
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Texas
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Peter Spiro
Obama
Alabama
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Indiana
Jan Brewer
Congress
Michele Bachmann
U.S
Obama vows Iraq war ends with last troops leaving
President Obama declared the long Iraq war over and pledged U S support for the fledgling Iraqi government as the last American troops head home by December 31. He stood with Prime Minister Maliki at Arlington National Cemetery and said the war is ending with honor. The exit comes as thousands remain in Afghanistan and Iraq forces pull back from a peak of 170,000 in 2007 to about 6,000.
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America
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Afghanistan
Quiet town to take center stage for Sandusky hearing
In Bellefonte Pennsylvania a small town prepares for a high profile hearing in the Jerry Sandusky case. The former Penn State coach faces more than 50 counts of child sexual abuse involving 10 boys. Accusers are expected to testify over two days as Sandusky and his attorney face the proceedings.
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Sandusky
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Amendola
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NBC
Bob Costas
The
New York Times
Joe Paterno
Federal deficit pace under $1 trillion for first time in years
The Treasury Department reported a deficit of 137 billion dollars in November, keeping the current budget year two-month shortfall at 236 billion and 55 billion less than the same period last year amid ongoing Washington spending debates.
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Washington
Treasury Department
Market roundup Monday: Industrials gain, tech slips
Market snapshot shows Industrials at 162.87 with a 12,021.39 level while Nasdaq falls to 592,612.26 and the S&P 500 declines to 1,236.47 or 18.72 points. Commodities swing with corn at 5.94, soybeans 112, wheat 6.52, oil 97.77, gold 1668.20, silver 31.00, platinum 1486.90.
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Chicago
Kansas City
New York
Fed plans clearer signals on rate path amid cautious outlook
The Federal Reserve under Ben Bernanke weighs a new communications plan to reveal how long it will keep short term rates at record lows and when policy steps might occur. Analysts expect no immediate changes but note the economy remains vulnerable to the financial crisis and Europe’s likely recession. The central bank has already bought over $2 trillion in securities and may consider more mortgage or Treasury purchases if conditions worsen, though inflation fears persist.
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Fed
U.S
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