Today: BLOOMBERG News, Jun 26, 2011

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Jun 26, 2011

BLOOMBERG News, Jun 26, 2011


Sat,25 Jun 2011 03:05 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Saturday he remained  committed to working with Congress to find a solution to the government's debt problem, but the focus could not only be on spending cuts.

Sat,25 Jun 2011 01:58 PM PDT
Reuters -
photoINDIANOLA, Iowa (Reuters) - Republican presidential contender Newt Gingrich on Saturday said the adoption of same-sex marriage in New York showed the nation is "drifting toward a terrible muddle."

Fri,24 Jun 2011 04:41 PM PDT
Reuters - CHICAGO (Reuters) - Illinois Democratic Governor Pat Quinn signed into law on Friday a new congressional district map that could reverse gains Republicans made in the state in 2010 midterm elections. Full Story1

Fri,24 Jun 2011 04:39 PM PDT
Reuters -
photoWASHINGTON (Reuters) - A move to curb President Barack Obama's military intervention in Libya was defeated in the U.S. House of Representatives on Friday, despite having the support of leaders of the majority Republicans.

Fri,24 Jun 2011 04:38 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republicans and Democrats dug in their heels Friday as  President Barack Obama prepared to wade into a divisive debate over taxes and spending aimed at heading off a default on the U.S. government's debt.

Fri,24 Jun 2011 03:52 PM PDT
Reuters - HANOVER, New Hampshire (Reuters) - U.S. Treasury Secretary Timothy Geithner defended the decision by industrialized nations to release emergency oil reserves into global energy markets, saying on  Friday that it was not a political move. Full Story1

Fri,24 Jun 2011 02:58 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that Europe needs to step up efforts to deal with the debt crisis in Greece and other parts of the continent. Full Story1

Fri,24 Jun 2011 02:12 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that the decision by the international community to release government oil reserves was not a political move. Full Story1

Fri,24 Jun 2011 01:57 PM PDT
Reuters - WASHINGTON (Reuters) - The United States and South Korea on Friday signaled they would not ease pressure on North Korea's government, saying Pyongyang must show it had changed its ways before resumption of stalled nuclear talks could take place. Full Story1

Fri,24 Jun 2011 01:46 PM PDT
Reuters - UNITED NATIONS (Reuters) - The U.N. Security Council on Friday voiced its "grave concern" at the situation in Yemen, ending months of disagreement that had prevented the 15-nation body from speaking unanimously on the unrest there. Full Story1

Fri,24 Jun 2011 01:30 PM PDT
Reuters - WASHINGTON (Reuters) - Around two-thirds of recent softness in the U.S. economy can be attributed to temporary factors such as higher energy costs and Japan's earthquake, Treasury Secretary Timothy Geithner told CNBC on Friday. Full Story1

Fri,24 Jun 2011 01:25 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that the International Energy Agency's decision to release government-held crude oil reserves will help mitigate economic pressures. Full Story1

Fri,24 Jun 2011 01:09 PM PDT
Reuters - WASHINGTON (Reuters) - The Obama administration is exploring ways to support lending for rental housing as the troubled U.S. real estate sector has kept potential buyers on the sidelines, a top Treasury official said on Friday. Full Story1

Fri,24 Jun 2011 12:36 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The Obama administration is exploring ways to support rental housing as the troubled U.S. real estate sector has kept potential buyers on the sidelines, a top U.S. Treasury official said on Friday.

Fri,24 Jun 2011 12:08 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Secretary of State Hillary Clinton on Friday praised the  House of Representatives for rejecting a move to bar funding for U.S. military strike missions against Libya, saying it was important to keep up pressure on Libyan leader Muammar Gaddafi.

photoLONDON (Reuters) - From the streets of Cairo and Madrid to online forums and social media sites, "leaderless" protests are on the rise. But the very qualities that led to their short-term success may condemn them to failure in the long run.

Fri,24 Jun 2011 11:14 AM PDT
Reuters - WASHINGTON (Reuters) - When the smoke clears, it may be remembered as a rare moment of political unity in Washington. Full Story1

Fri,24 Jun 2011 09:48 AM PDT
Reuters - WASHINGTON (Reuters) - A leading Senate Democrat on Friday warned against Congress passing one or more stop-gap debt limit increases, saying lawmakers instead should pass a long-term hike in  borrowing authority. Full Story1

Fri,24 Jun 2011 09:47 AM PDT
Reuters - MOSCOW (Reuters) - The sanctions imposed by the United States on a major Iranian port operator and the country's national airline may affect Russian companies and "raise serious questions," the Russian Foreign Ministry said on Friday. Full Story1

Fri,24 Jun 2011 09:36 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Republicans walked out of budget talks on Thursday, setting up a showdown between President Barack Obama and House Speaker John Boehner over how to extend U.S. borrowing and avoid a looming debt default.

Fri,24 Jun 2011 09:36 AM PDT
Reuters - WASHINGTON (Reuters) - The recession that began in 2007 created budget emergencies in most U.S. states and in many cities and counties, casting a harsh spotlight on long-standing fiscal problems. Full Story1

Fri,24 Jun 2011 09:15 AM PDT
Reuters - WASHINGTON (Reuters) - The United States on Friday warned activists against plans to send a new aid flotilla to challenge Israel's blockade of the Gaza Strip, saying it would be irresponsible and dangerous. Full Story1

Fri,24 Jun 2011 09:00 AM PDT
Reuters -
photoCAPE TOWN (Reuters) - Considering she is the first black First Lady of the United States, Michelle Obama does not talk a lot about race.

Thu,23 Jun 2011 11:53 PM PDT
Reuters -
photoNEW YORK (Reuters) - President Barack Obama on Thursday touted his efforts to advance gay rights and promised further progress, but stopped short of declaring his support for legalizing same-sex marriage.

Thu,23 Jun 2011 06:46 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Senate Republican leader Mitch McConnell, seeking to spur action on three long-delayed free trade agreements, said on Thursday he was prepared to help the White House renew a retraining program for workers displaced by trade but added a major demand of his own.

Thu,23 Jun 2011 03:50 PM PDT
Reuters - WASHINGTON (Reuters) - Patent legislation that aims to clear a years-long backlog of applications and allows the patent office set its own fees was approved by the House of Representatives on Thursday. Full Story1

Thu,23 Jun 2011 03:40 PM PDT
Reuters - WASHINGTON (Reuters) - Vice President Joe Biden said on Thursday the debt talks he has led had gone into "abeyance" and made clear the next phase of the process is in the hands of President Barack Obama and congressional leaders. Full Story1

Thu,23 Jun 2011 03:37 PM PDT
Reuters - WASHINGTON (Reuters) - The House of Representatives will vote on a bill that would amend the Constitution to require Congress to balance the budget each year, Republican Leader Eric Cantor said on Thursday. Full Story1

Thu,23 Jun 2011 03:10 PM PDT
Reuters - WASHINGTON (Reuters) - Budget talks to win an urgently needed increase in government borrowing authority have entered a "new phase," the White House said on Thursday. Full Story1

Thu,23 Jun 2011 03:09 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The Obama administration sharply criticized a $649 billion defense spending bill in the Republican-controlled House of Representatives on Thursday because of proposed spending cuts and limits on the handling of Guantanamo detainees.

Thu,23 Jun 2011 03:08 PM PDT
Reuters - FORT DRUM, New York (Reuters) - President Barack Obama defended his planned Afghanistan troop drawdown on Thursday, as he sought to rally support during a visit to an Army base in upstate New York. Full Story1

Thu,23 Jun 2011 02:34 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The U.S. military warned on Thursday that President Barack Obama's unexpectedly faster drawdown in Afghanistan created new risks, even as commanders said they backed the strategy to start winding down the unpopular, nearly decade-old war.

Thu,23 Jun 2011 02:25 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republicans walked out of budget talks on Thursday, setting up a showdown between President Barack Obama and House Speaker John Boehner over how to extend U.S. borrowing and avoid a looming debt default.

Thu,23 Jun 2011 02:10 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama stands to win a bump in voter support for his decision to tap emergency oil reserves, but the gains from lower fuel prices run the risk of evaporating before next year's election, political experts said.

Thu,23 Jun 2011 01:43 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Secretary of State Hillary Clinton warned Pakistan on Thursday that U.S. military aid could suffer if Islamabad failed to address rising U.S. doubts over its commitment to fighting Islamist militants.

Thu,23 Jun 2011 01:03 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Secretary of State Hillary Clinton said on Thursday the  United States was concerned that recent events in the South China Sea could undermine stability and opposed any threat of force to advance territorial claims.

Thu,23 Jun 2011 12:30 PM PDT
Reuters - WASHINGTON (Reuters) - General David Petraeus, the top U.S. commander in Afghanistan, said on Thursday he had recommended a slower drawdown than President Barack Obama had decided upon, but backed the decision and said no military commander in history gets "all the forces he would like to have, for all the time." Full Story1

Thu,23 Jun 2011 12:27 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama took withering fire from the oil industry and Republicans for agreeing to release the nation's emergency oil supplies, a decision that senior officials said was prompted by the need to prop up the ailing economy.Full Story1

Thu,23 Jun 2011 12:04 PM PDT
Reuters - FORT DRUM, New York (Reuters) - The White House on Thursday said debt talks between Vice President Joe Biden and lawmakers had gone into "abeyance", but the search for a compromise to cut the U.S. deficit would continue. Full Story1

Thu,23 Jun 2011 11:56 AM PDT
Reuters - UNITED NATIONS (Reuters) - The United States said on Thursday it submitted a draft resolution to the U.N. Security Council that would authorize the deployment of 4,200 Ethiopian troops to Sudan's disputed Abyei region. Full Story1

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