Congress hits budget impasse amid disaster aid fight
In a looming shutdown, Senate blocks a House bill for stopgap spending and disaster aid paired with 1.6 billion in cuts. Republicans demand spending restraint, Democrats oppose mandatory cuts, lawmakers face potential last minute action as FEMA funding nears depletion and debt limits loom.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Senate
Mitch McConnell
Kentucky
New Jersey
Pennsylvania
FEMA
Rachel Racusen
Irene
Lee
Seaboard
Notable Exxon pipeline restart after Yellowstone spill
Federal approval cleared repairs to restart Exxon Mobil pipeline operations after a 42000 gallon Yellowstone River spill. A half hundred foot replacement involved drilling 60 to 70 feet beneath the riverbed, reducing risk of a repeat failure. Montana officials and federal partners praised the safer crossing and longer-term integrity of the 20-year-old line near Laurel.
MENTIONED IN THIS ARTICLE
Exxon Mobil
Yellowstone River
Montana
Laurel
Market indexes slide on Friday volatility
Dow falls to 10,771.48 with 37.65 drop while Nasdaq and S&P 500 retreat. Treasury yields inch up to 2.87 percent as grain and energy futures move lower with corn at 6.39, soybeans at 12.58, wheat at 7.31 and oil at 79.85 a barrel.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Global leaders rush to calm recession fears over Greek debt crisis
Washington and international financial chiefs at IMF World Bank meetings vow stronger G20 cooperation to stabilize Greece and prevent a wider euro zone default. Analysts warn markets may fall further as investors fear contagion to France Italy Spain and banks with Greek exposure.
MENTIONED IN THIS ARTICLE
Washington
Greece
International Monetary Fund
World Bank
Treasury
Timothy Geithner
Federal Reserve
Ben Bernanke
Europe
Asia
Wall Street
Standard & Poor
Jay Bryson
Wells Fargo Securities
London
IMF
Bryson
France
Italy
Spain
Also Mentioned on This Page
Jacquelyn Martin
Harry Reid
Nevada
Steny Hoyer
Maryland
Capitol Hill
By Christopher S. Rugaber
and Martin Cruisinger
Associated Press
By Scott Adams
Icomfort
Serta
Motion Perfect
Tenessee
Mae Serta
Iowa Street
Lawrence
Kansas
Bedmartine.com
W.A.C
Pau
Fal Palanewmonies
Home Builders Association
LawrenceParade
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