Paying for Refugees, Jeb Calls in Heavy Hitter: Saturday Wrap

Refugees arrive in Greece's Lesbos Island
Refugees arrive in Lesbos Island, Greece on Saturday. Photographer: Ayhan Mehmet/Anadolu Agency via Getty Images

Here are highlights of Saturday’s top breaking-news stories:

The European Union is considering allowing states to exceed budget-deficit rules if the costs of the refugee crisis stretch government finances beyond currently agreed limits.

EU finance ministers meeting in Luxembourg made what were termed “important advances” toward a financial transactions tax.

European Central Bank President Mario Draghi said a review of Greek banks could finish up by the end of October -- which could allow banks to access some recapitalization funds from Greece’s bailout relatively quickly.

A European deposit-guarantee system will have to wait until financial-stability measures already on the books are fully implemented, German Finance Minister Wolfgang Schaeuble said.

Jeb Bush is enlisting his sister-in-law, former First Lady Laura Bush, to help him raise money as he sags in Republican presidential polls in the U.S. Donald Trump, for his part, gave a speech and managed to make no headlines.

Georgia Institute of Technology may be one of the best higher education values for low-income students in the U.S., while students seeking a high likelihood of graduating from a public school should probably choose the University of Virginia, according to a new government scorecard. The website was introduced by President Barack Obama in his weekly radio address, after his administration in June abandoned a more aggressive plan to rate colleges against one another.

The U.K.’s main opposition Labour Party elected its most socialist leader in at least 30 years, signaling a decisive shift away from the free-market policies that brought the party electoral success under Tony Blair.

Foreign ministers from Russia, Ukraine, Germany and France said they made some progress in breathing life into a Ukraine peace agreement signed in February and, for the most part, not implemented.

Britain’s inflation rate probably returned to zero in August, pushed down by a slump in oil prices that the Bank of England says is creating uncertainty about the outlook. Pakistan cut its benchmark interest rate amid falling oil prices.

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