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Jul 17, 2011
BUSINESS News, Jul 17 2011
BLOOMBERG News, Jul 17, 2011
 WASHINGTON (Reuters) - With time running short, President Barack Obama and lawmakers will mull ways to lift the U.S. debt ceiling and reduce the deficit on Sunday as an August 2 deadline to prevent a default draws dangerously close. | |
| Governors urge debt deal to avoid "embarrassment" Sat,16 Jul 2011 05:16 PM PDT Reuters - SALT LAKE CITY (Reuters) - State governors meeting in Utah on Saturday urged a speedy resolution to the deadlock in Washington over lifting the U.S. debt ceiling to avoid what they called an embarrassing default on U.S. obligations. Full Story | |
 SALT LAKE CITY (Reuters) - Wisconsin Governor Scott Walker, whose moves to curb state workers' bargaining power brought massive protests, said this weekend he made mistakes but defended the policy steps of his rocky first term. | |
| Governors urge debt deal, discuss jobs Sat,16 Jul 2011 03:09 PM PDT Reuters - SALT LAKE CITY (Reuters) - U.S. governors meeting in Salt Lake City this weekend called for a quick resolution to the current impasse over raising the U.S. borrowing limit, saying they worried about impacts to their own credit scores. Full Story | |
 WASHINGTON (Reuters) - President Barack Obama has wished retiring Michigan Representative Dale Kildee well after Kildee announced he would not seek re-election to a 19th term. | |
 CHICAGO/WASHINGTON (Reuters) - Nearly two-thirds of the $86 million cash haul raised by President Barack Obama for his re-election effort in recent months came from small donations of under $200 or less, according to filings released on Friday. | |
| Germany confident on successful U.S. deficit talks Fri,15 Jul 2011 10:41 PM PDT Reuters - BERLIN (Reuters) - Germany is confident that agreement will be reached in budget deficit talks in the United States, government spokesman Steffen Seibert said on Friday. Full Story | |
 SHANGHAI (Reuters) - China urged the United States on Saturday to cancel a planned meeting between President Barack Obama and Tibetan spiritual leader the Dalai Lama, saying such a meeting would be harmful to U.S.-China relations. | |
 WASHINGTON (Reuters) - The White House plans to nominate a new director to the Consumer Financial Protection Bureau next week but is unlikely to name Elizabeth Warren, who has helped to set it up, the Wall Street Journal reported on Friday, citing people familiar with the matter. | |
 CHICAGO/WASHINGTON (Reuters) - Nearly two-thirds of the $86 million raised by President Barack Obama for his re-election effort in recent months came from small donations of under $200 or less, according to filings released on Friday. | |
 CHICAGO (Reuters) - With Chicago still facing a lingering deficit in its current budget, Mayor Rahm Emanuel unveiled on Friday a series of steps that will lead to up to 625 layoffs. | |
 WASHINGTON (Reuters) - Republican presidential hopeful Michele Bachmann's campaign said on Friday it had more than $4.2 million in contributions at the end of the second quarter, much of it from small donors. | |
 WASHINGTON (Reuters) - Presidential hopeful Newt Gingrich, whose campaign has been dogged by staff resignations and other woes, is nearly $1 million in debt, a filing with electoral regulators on Friday showed. | |
| Romney skirts debt debate, defends health law again Fri,15 Jul 2011 02:43 PM PDT Reuters - BERLIN, New Hampshire (Reuters) - Former Massachusetts Gov. Mitt Romney tried to avoid wading into the debate within the Republican Party about raising the federal debt ceiling as he campaigned in northern New Hampshire on Friday. Full Story | |
| Corporations press Republicans for debt deal Fri,15 Jul 2011 02:13 PM PDT Reuters - WASHINGTON (Reuters) - Wall Street, big corporations and business groups are mounting an increasingly frantic lobbying campaign to persuade Republicans to raise the debt limit as fears of a national default grow. Full Story | |
| U.S. official reassures foreign investors over debt default Fri,15 Jul 2011 01:52 PM PDT Reuters - WASHINGTON (Reuters) - A top U.S. Treasury official has been privately fielding questions from foreign investors about the debt limit fight in Washington and has been reassuring them that the United States will not default. Full Story | |
| Germany confident on successful U.S. deficit talks Fri,15 Jul 2011 01:52 PM PDT Reuters - BERLIN (Reuters) - Germany is confident that agreement will be reached in budget deficit talks in the United States, government spokesman Steffen Seibert said on Friday. Full Story | |
 WASHINGTON (Reuters) - John Boehner, the top Republican, is being upstaged in the battle to raise the debt limit by his younger and more partisan deputy in Congress, Eric Cantor, who is widely seen as wanting his job. | |
| Texas first state to enact hydrofracking rules Fri,15 Jul 2011 12:43 PM PDT Reuters - HOUSTON (Reuters) - Texas Gov. Rick Perry on Friday signed energy legislation to encourage more natural gas production and require energy companies to disclose chemicals used in hydraulic fracturing, a drilling method that has raised environmental concerns. Full Story | |
| Treasury takes last-ditch measure to stay solvent Fri,15 Jul 2011 12:33 PM PDT Reuters - WASHINGTON (Reuters) - The Treasury said on Friday it would take the last step at its disposal to continue borrowing money in capital markets as Congress battles over raising the country's debt ceiling. Full Story | |
 WASHINGTON (Reuters) - A tax code loophole that gives corporations large deductions on executive stock options would be closed under legislation unveiled on Friday. | |
 WASHINGTON (Reuters) - President Barack Obama on Friday urged Republicans to pave the way for quick approval of trade deals with Colombia, South Korea and Panama by cooperating with the White House to extend a program to help workers who have lost their job because of trade. | |
 ISTANBUL (Reuters) - The United States Friday recognized Libya's rebel National Transitional Council (TNC) as a legitimate government, a diplomatic boost which could unlock billions of dollars in frozen assets. | |
 WASHINGTON (Reuters) - A group of congressional Republicans harshly criticized the Wall Street overhaul law on Friday and gave what they termed a failing report card to the year-old legislation. | |
 ISTANBUL (Reuters) - Secretary of State Hillary Clinton agreed with a major global Islamic organization on Friday to pursue new ways of resolving debates over religion without resorting to legal steps against defamation. | |
 WASHINGTON (Reuters) - President Barack Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. | |
 WASHINGTON (Reuters) - Time is running out to come up with a deal to raise the debt limit, President Barack Obama warned lawmakers on Friday as a August 2 deadline looms. | |
 WASHINGTON (Reuters) - President Barack Obama on Friday that deficit negotiations should have been taken care of early rather than allowed to run this close to the August 2 deadline for raising the debt ceiling. | |
 WASHINGTON (Reuters) - House Democratic Leader Nancy Pelosi said on Friday she hopes talks between President Barack Obama and congressional leaders on raising the $14.3 trillion U.S. debt limit will result in a large deficit reduction plan. | |
 WASHINGTON (Reuters) - John Boehner, the top U.S. Republican, is being upstaged in the battle to raise the debt limit by his younger and more partisan deputy, Eric Cantor, who is widely seen as wanting his job. | |
 WASHINGTON (Reuters) - Secretary of State Hillary Clinton will end a lengthy trip to Asia by meeting Chinese State Councilor Dai Bingguo in Shenzhen, China on July 25, the U.S. State Department said on Thursday. | |
 HAMPTON, New Hampshire (Reuters) - Former New York Mayor Rudy Giuliani, weighing a second run for the White House, warned on Thursday that Republicans risked being blamed if the U.S. defaults on its debt. | |
| Obama said ready to move on South Korea trade bill Thu,14 Jul 2011 07:14 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama will soon send a free trade pact with South Korea to Congress for approval despite Republican threats to vote against it because of a retraining program for workers displaced by trade, White House Chief of Staff Bill Daley said on Thursday. Full Story | |
 WASHINGTON (Reuters) - President Barack Obama has offered a spending cut of $2 billion for the coming fiscal year in White House budget talks, far below the level sought by Republicans, Senate Republican Leader Mitch McConnell said on Thursday. | |
| S&P warns of U.S. downgrade if no debt deal reached Thu,14 Jul 2011 05:13 PM PDT Reuters - (Reuters) - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized triple-A rating if a deal on raising the government's debt ceiling is not agreed soon. Full Story | |
 WASHINGTON (Reuters) - President Barack Obama urged congressional lawmakers on Thursday to go back to their party members and gauge support for components of a debt and deficit deal, a Democratic official said. | |
 WASHINGTON (Reuters) - The primary fundraising committee for Sarah Palin, who is considering whether to seek the Republican presidential nomination, raised a paltry $1.6 million in the first half of 2011 in a sign that she is not attracting big funds for a presidential run. | |
 HAMPTON, New Hampshire (Reuters) - Former New York Mayor Rudy Giuliani, weighing a second run for the White House, warned on Thursday that Republicans risked being blamed if the U.S. defaults on its debt. | |
| Boehner, Pelosi resist Camp David budget retreat Thu,14 Jul 2011 09:07 AM PDT Reuters - WASHINGTON (Reuters) - Congressional leaders on Thursday resisted the idea of a weekend country retreat with President Barack Obama to break a budget deadlock that is threatening the United States' top-notch credit rating. Full Story | |
| Factbox: Republicans who may take on Obama in 2012 Thu,14 Jul 2011 08:02 AM PDT Reuters - (Reuters) - Former Alaska Governor Sarah Palin says she will decide whether to join the race for the 2012 Republican presidential nomination in August or September, potentially adding her name to the list of contenders. Full Story |
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