Washington Day Ahead: Obama Seeks Long-Term Deficit Solution
President Barack Obama will meet tomorrow with Republican and Democratic lawmakers to seek a long-term solution to U.S. finances.
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Obama Sets Thursday Meeting to Urge Long-Term Deficit Solution
President Barack Obama said he opposes a deficit-cutting measure that would only allow for a short-term increase in the country’s debt limit as he called a meeting tomorrow with Republican and Democratic lawmakers to work toward long-term fixes in the government’s finances.
Obama’s Twitter Town Hall: Questions in 140 Characters or Less
President Barack Obama will take questions today in what White House officials are calling his first Twitter town hall, complete with a “Tweetup.”
Taliban Ties of Partners May Become U.S. Contractors’ Onus
Any U.S. Defense Department contractor would quickly lose funding if one of its subcontractors is found to have connections to the Taliban, al- Qaeda or insurgent groups, according to a provision in pending House and Senate defense bills.
Housing Recovery Stymied as Government Works at Cross-Purposes
Sue Stamper, a business owner in Sacramento, California, wants to buy a home. After mortgage-financiers Fannie Mae and Freddie Mac imposed the strictest loan standards in more than a decade, she doesn’t qualify.
U.S. Farmland Boom May Peak After Five-Year Surge, Rabobank Says
A five-year bull market in U.S. farmland values may peak this year as interest rates increase and crop prices decline, Rabobank International said.
Rape as Weapon of War Is UN Focus After Libyan Woman’s Plight
It took a video going “viral” of a Libyan woman being dragged from a Tripoli hotel -- shouting that she’d been raped for two days by 15 men -- to put a face and name to a weapon of war that dates back at least to the founding of ancient Rome.
UN Seeks Justice for Women With Legal Protection From Violence
The United Nations agency to promote women’s rights is seeking steps to overturn laws and end policies that deny millions of women access to their countries’ legal systems, control of their own bodies and protection from violence.
Cameron Says Inquiry Needed Into Phone-Hacking at News Corp.
U.K. Prime Minister David Cameron promised at least one inquiry into phone-hacking at Rupert Murdoch’s News of the World newspaper and failures by the police to investigate it.
Bond Traders Ignore Domenici Debt Limit Alarm: BGOV Barometer
The Treasury yield curve suggests bond investors are shrugging off alarms from some lawmakers and the International Monetary Fund over consequences of failing to raise the U.S. debt ceiling.
Obama Appoints First Openly Gay Member to West Point Board
President Barack Obama today appointed an openly gay Army veteran, Brenda S. “Sue” Fulton, to the Board of Visitors at the U.S. Military Academy at West Point, New York.
Yemeni-Owned Boat Sinks Off Sudan Shore, 197 Non-Sudanese Drown
A Yemeni-owned boat caught fire in the Red Sea after leaving Sudan, killing 197 non-Sudanese passengers who were traveling illegally to Saudi Arabia, the state-run Sudanese Media Center reported.
TODAY ON BLOOMBERG TV:
FDIC Chairwoman Sheila Bair, who is leaving the position on July 8, is interviewed at 2 p.m. after her last FDIC meeting; former Office of Management and Budget Director Peter Orszag, now a Bloomberg columnist, is interviewed at 4:12 p.m.
WHITE HOUSE
President Barack Obama holds a Twitter town hall to discuss the economy and jobs at 2 p.m. in the East Room.
REPORTS
The Institute for Supply Management will release its June non-manufacturing index at 10 a.m.
HIGHLIGHTS FROM U.S. NEWSPAPERS
U.S. Companies Are Making More Use of Business Planes, FT Says
U.S. companies’ use of business aircraft was 12 percent to 14 percent higher in the first six months of this year than in 2010, the Financial Times reported, citing figures compiled by JSSI, the biggest American provider of maintenance services for corporate aircraft.
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