Smoke signals delay as cardinals failed first papal vote
In Vatican City black smoke indicates no pope yet as cardinals fail to reach 77 votes on the first ballot. Thousands in St. Peters Square watch the Sistine Chapel, while lay observers note the turmoil after Benedict XVI’s resignation and divisions within the College of Cardinals.
MENTIONED IN THIS ARTICLE
Vatican City
Sistine Chapel
St. Peter’s Square
Eliza Nagle
Notre Dame
Rome
Andrew Gawrych
Benedict XVI
Benedict
Vatican
Michelangelo
Vatican Hotel
St. Peter's Basilica
GOP Budget Duel Shapes House and Senate Budget Push
House Republicans unveil a sweeping plan to repeal new health care subsidies and slash spending across programs, drawing swift White House opposition. Senate Democrats counter with a milder budget aiming to repeal automatic cuts and fund infrastructure and job training, scaled to a trillion in tax rises and deficits over a decade. The clash centers on guiding budget politics and defining party lines amid ongoing talks.
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Washington
Budget Committee
Paul Ryan
Ryan
Obama
Senate Democrats
Senate Budget Committee
Patty Murray
D-Wash
Capitol
House
Senate
Notable Budget Deficit Shrinks With CBO Outlook
The federal budget deficit is projected to fall from over $1 trillion for four years to $845 billion this year as tax receipts rise and spending moderates. Borrowing has declined to about 25 cents per dollar spent, a reversal from earlier levels, with the economy slowly improving though risks remain if long term policy isn't addressed.
MENTIONED IN THIS ARTICLE
U.S
Congressional Budget Office
Markets Move: Dow and Nasdaq Mixed in Tue Trade
Tuesday markets show the Dow up 2.77 points to 14,450.06 while the Nasdaq falls 10.55 to 3,242.32 and the S&P 500 slips 3.74 to 1,552.48. Commodities shift with corn up 0.03 to 7.14, soybeans down 0.1075 to 14.69, wheat down 0.01 to 7.35. Oil gains 0.48 to 92.54, gold rises 13.70 to 1591.70, silver up 0.318 to 29.17, platinum down 6.20 to 1595.
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Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
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Emilio Morenatti
Gop
North Elbonians
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