Allen cleared of misconduct amid Petraeus scandal fallout
The Pentagon said Gen. John Allen faced no substantiated professional misconduct after emails with a civilian woman tied to the Petraeus sex scandal. Defense officials noted Panetta was informed and has confidence in Allen’s leadership. Separately, a new AP-GfK poll shows 62 percent of Americans support a path to citizenship for illegal immigrants, up from 50 percent in 2010.
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Netanyahu narrowly wins Israeli election
Benjamin Netanyahu and his hawkish Likud alliance face a tighter path to power as results show a near split between hawkish and dovish blocs. Political newcomer Yair Lapid’s Yesh Atid emerged strong, prompting Netanyahu to aim for a broad coalition and renewed peace talks with the Palestinians.
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Nebraska governor approves Keystone XL route through state
Governor Dave Heineman approved a 195 mile Nebraska route for the Keystone XL pipeline that bypasses the Sandhills and would cross a small portion of the Ogallala aquifer. He sent letters to President Obama and Secretary Clinton backing the project.
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Republicans Move To Avert U.S. Default With Three Month Debt Plan
Notable Republicans who control the House seek to defuse a debt crisis by passing a three month debt limit measure that would allow the government to meet three months of obligations. They abandon immediate demand for spending cuts in exchange for more borrowing authority, but warn the delay is temporary as larger fights loom. The House votes today to grant breathing room and postpone a confrontation until next month, which Republicans fear they may lose.
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Market Close Snapshot Tuesday Signals Mixed Equity Bounce
Major indexes ended higher with the Dow at 13,712.21 up 62.51, the Nasdaq at 3,143.18 up 8.47, and the S&P 500 at 1,492.56 up 6.58. Commodities moved sharply with corn at $7.29, soybeans $14.52, wheat $8.31, oil $96.24, gold $1,693.20, silver $32.18, and platinum near $1,698.50.
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