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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jun 08, 2011

Page

7

Weiner under pressure as Dems demand resignation

Democratic leaders refused to defend Anthony Weiner after he admitted sending a lewd photo and lying about it. Senate Leader Reid said he cannot defend him and urged resignation, while Republicans pressed for ethics action and political gain amid calls for accountability.

Washington Anthony Weiner New York Democrat Andrew Breitbart Weiner New York House Senate Harry Reid Nevada GOP Reince Priebus Nancy Pelosi House Ethics Committee

Debit card fee debate hits Senate clash over swipe fee limits

The Senate moves toward a vote to block a Federal Reserve plan capping debit swipe fees at 12 cents, a shift that would affect merchants and banks profitable on the current 44 cent average. Durbin frames the choice as between banks and credit card firms versus consumers and businesses nationwide.

Washington Senate Federal Reserve Fed Jon Tester Dmont Richard Durbin Illinois Durbin America

Notable Americans Borrow More but Cut Credit Card Use

April borrowing rose nearly 7.2 billion driven by school and auto loans while credit card use fell for a second time in three months. Total consumer credit reached a seasonally adjusted annual rate of 2.43 trillion, just above the 2.39 trillion September low. Delay rules curb on-time ground holds reduced long tarmac delays, but no fines have been issued as summer travel nears and concerns rise over future enforcement.

Federal Reserve

Market closes slightly lower on Tuesday

Wall Street ended with the Dow down 19.50 to 12,070.81 the Nasdaq slipping 1.00 to 2,701.56 and the S&P 500 retreating 1.23 to 1,284.94. Treasury yields held steady at 4.26 percent while grain and oil prices moved modestly. Corn traded at 450 cents per bushel, soybeans at 13.94, wheat at 8.75, and oil rose to 99.09 a barrel.

Dow Industrials S&p Chicago Kansas City New York

Obama warns on slowdown while urging calm

President Obama voiced concern over a sudden economic slowdown as job growth stalls but urged the public not to panic. He noted uncertainty whether this is a brief dip or a longer trend while Fed officials signaled no bold action. Public disapproval of his handling rose to a record 59 percent as unemployment hovered around 9.1 percent.

Washington Barack Obama Obama Angela Merkel Federal Reserve Ben Bernanke Atlanta Fed Congress

Also Mentioned on This Page

Rep Dems David Espe Associated Press Alan Fram Washington Post-Abc News Massachusetts Mitt Romney Romney Minnesota Tim Pawlenty Pawlenty ED A Uchen Vyallerp Sun Fairlawn Plaza Mall 21St & Fairlawn Kitcher Eric Sorrentino Fda Harper Law Office Country Club Terrace Lawrence Relay For Life of Douglas County American Cancer Society Relay For Life Relayforlife.org Douglasks de Monte Pet Products Business Hall OF Fame Chaid Jim Owens Gene Meyer Bob Billings Alvamar Shirley Martin-Smith Adecco Lawrence Business Hall of Fame Kansas Union Ballroom Www Kansasia.org the World Company Dawa Ua Lawk Hos Summers, Spencer & Company, P.A. IO Accountantc
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