Obama presses for something big in debt showdown talks
President Obama urged lawmakers to deliver a sweeping deficit plan as Aug. 2 neared and the Treasury prepared final steps to avoid a default. House Republicans pushed a borrowing plan tied to a balanced budget amendment while Senate leaders pursued a plan to raise the debt limit with no vote by lawmakers, likely imposing broad spending limits and a year-end panel to propose cuts.
MENTIONED IN THIS ARTICLE
Obama
Washington
Barack Obama
America
House
Senate
Treasury Department
Congress
White House
Mitch McConnell
Economic disaster warned if debt deal fails
Washington faces grim outlook as Congress and President Obama struggle to raise the borrowing limit. Without a deal the government could run out of cash and must choose which of August’s large payments to honor, including 23 billion Social Security, 87 billion to Treasury investors, and 30 billion in interest, while daily expenses loom for defense, Medicare, and federal payrolls.
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Washington
Congress
Barack Obama
America
Treasury Department
Treasury
The
Associated Press
Security plans swirl as Casey Anthony to be freed
Security experts including Stuart Diamond say Anthony will likely be escorted by cars with tinted windows to a safe house after release from Orange County Jail. Her lawyers say authorities have heightened vigilance after a death threat, and her team plans to stay cautious and armed.
MENTIONED IN THIS ARTICLE
Orlando
Fla
Casey Anthony
Orange County
Stuart Diamond
Anthony
Caylee
Cheney Mason
Sheriff’s Department
Western allies recognize Libya rebels as legitimate government
The United States and 30 plus nations formally recognize the National Transitional Council as Libya's legitimate governing authority, declaring Gaddafi's regime illegitimate. The move boosts the rebels' credibility and could unlock billions in funds, while NATO airstrikes continue.
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Libya
Istanbul
United States
Muammar Gaddafi
Gaddafi
NATO
Tripoli
William Hague
National Transitional Council
NTC
U.S
European Union
The
Arab League
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