Debt Crisis Deepens As GOP Presses Obama For Plan
U S politicians clash at the White House over spending cuts and Medicare as the Aug 2 debt limit deadline nears. House Speaker Boehner pushes for a direct negotiation with Obama, while Biden leads talks on deficit reduction amid stalled progress and party standoff.
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Google blames Chinese hackers for Gmail account breaches
Notable Google Inc. says computer hackers in China breached personal Gmail accounts of hundreds, including U.S. officials and activists. The breach marks a second publicly identified China-linked scheme in 17 months, distinct from the earlier 2009 to 2010 intrusions tied to trade secrets and censorship tensions with Beijing.
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Markets Close Lower Across Major Averages
Wednesday trading shows Dow at 12,290.14 down 279.65 points, Nasdaq slipping 661.11 to 2,769.19, and S&P 500 off 30.65 to 1,314.55. Treasuries fall slightly with the 30 year at 4.15 percent. grain futures rise with corn up 11 cents to 7.59, soybeans up 10.25 cents to 13.86, and wheat down 16.5 cents to 8.92. Oil closes at 100.29 a barrel, down 2.41.
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New car buyers face scarce bargains after Japan quake
Detroit report notes a May sales drop of 8 percent from April and 4 percent from a year earlier as inventories tighten after the Japan earthquake. Analysts warn few discounts this summer with Toyota and others cutting incentives. fall or longer leases may help buyers.
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WattSaver program details from Westar energy notice
Westar explains WattSaver is voluntary and can be opted out at any time with a reinstall of the original thermostat at no cost. Apartments require landlord permission and full unit participation. The program aims to manage energy use, delay new power plants, and help keep costs affordable for all customers.
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Deer collide injures driver on Louisiana Street
A Monday night crash near the 2200 block of Louisiana Street injured a driver in a collision with a deer. Two Lawrence men were hurt Saturday and Monday after swerving to avoid deer and hitting concrete objects on I 70 and Clinton Parkway. Both were treated and released from Lawrence Memorial Hospital.
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Taxpayers to pay own water bills from July
Kansas state officials will finance their own water coolers starting July 1, part of a budget cut aiming to save about $100,000 annually. The Legislative Coordinating Council discussed the move to offset earlier costs and reduce statewide expenses.
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