White House aide blasts GOP threats over budget
White House Chief of Staff Leon Panetta condemned Newt Gingrich threats to shut down the federal government in October arguing the move would damage the economy. Panetta urged Republicans to extend their budget balance plan to 10 years and drop a large tax cut.
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Air Force Captain Scott OGrady Returns Home From Bosnia Welcome
Air Force Captain Scott OGrady, rescued after six days in enemy territory when his F-16 was shot down, returns to Andrews Air Force Base to a hero's welcome. He thanks God and supporters, hugs family, and tells the crowd prayers helped keep him alive. A sign reads But Scott You Are a Hero.
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Lotus Accepts IBM Offer to Buy Lotus for 64 a Share
IBM and Lotus Development Corp announce a friendly buyout valued at 3.52 billion dollars with a 64 per share price. IBM plans to integrate Lotus under its growth strategy as Mazzi stays and Manzi remains CEO at Lotus.
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