Obama Hopes Sunday Talks Bridge Debt Fight
President Obama and congressional leaders pressed for a budget deal to raise the debt ceiling as talks stretched to Sunday. They weighed 2 to 4 trillion in 10 year deficits, entitlements cuts, and tax changes with a August 2 deadline looming. Boehner urged matching deficit cuts to borrowing, while Obama favored higher revenue and longer debt limit extensions into 2012.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Obama
White House
Capitol Hill
John Boehner
Inflation change could touch Social Security policy in talks
Washington reports that Social Security may be brought into debt ceiling negotiations as Obama and Boehner seek a broad deficit reduction package of 2 to 4 trillion dollars. A proposed chained CPI would lower inflation measurements, potentially cutting benefits and raising taxes, affecting low and middle income families while high earners could be spared.
MENTIONED IN THIS ARTICLE
Washington
U.S
Barack Obama
House
John Boehner
White House
Obama
Tobacco labels unlikely to dent 2013 U.S. tobacco revenues
IBISWorld analysis finds new FDA graphic warnings on cigarette packs will barely affect overall U.S. tobacco revenues in 2013, with a projected decline of less than one percent despite labels showing rotting teeth and gums. Major tobaccowgainers remain resilient as the industry absorbs the warning.
MENTIONED IN THIS ARTICLE
U.S
Food and Drug Administration
Ibisworld
Markets rally as indices surge led by Dow gains
Thursday’s market summary shows the Dow Industrials up 93.47 to 12,719.49, Nasdaq up 38.64 to 2,872.66, and the S&P 500 up 14.00 to 1,353.22. Treasury yields tick up to 4.37 percent. Commodity quotes: Corn at 6.12, soybeans at 13.78, wheat at 7.04, with oil at 98.67.
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Dow Industrials
S&p
Treasury
Chicago
Kansas City
New York
Murdoch ends News of the World amid scandal
Rupert Murdoch’s News Corp abandons the 168 year old Sunday tabloid after auar scandals including phone hacking. The final issue will have no ads and all revenue goes to good causes as advertisers pull out and police review 4000 potential targets.
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London
Murdoch Media Empire
News of the World
Britain
Rupert Murdoch
News Corp
James Murdoch
Afghanistan
British
Sky Broadcasting
Murdoch
Sarah Ferguson
Prince Andrew
Max Mosley
Ford
Vauxhall
J. Sainsbury
Boots
Mississippi Tops Nation in Obesity For Seventh Year
A 2010 obesity report by Trust for America's Health and the Robert Wood Johnson Foundation ranks Mississippi as the most obese state for the seventh consecutive year, with Colorado the thinnest. The study notes a national rise in obesity linked to larger portions and less physical activity, while sixteen states show increases and several efforts aim to improve health through diet and school programs.
MENTIONED IN THIS ARTICLE
Washington
Mississippi
Colorado
Jeffrey Levi
Trust For America’s Health
Robert Wood Johnson Foundation
South
Alabama
West Virginia
Tennessee
Louisiana
Jim Marks
Levi
Weather threatens final shuttle launch at Cape Canaveral
Rain in the forecast threatened to delay the last space shuttle launch set for today at Cape Canaveral Florida. A lightning strike near the pad caused brief concern at NASA but engineers ruled out damage. The forecast showed only a 30 percent chance of acceptable weather at 10 26 am CDT as NASA winds down the 30 year program and prepares for future asteroid and Mars missions.
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Cape Canaveral
Fla
NASA
Space Agency
CDT
Asteroids
Mars
White House
International Space Station
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