What Sequester? Defense Industry Booms

July 29 (Bloomberg) -- "Capitol Gains" examines the better than expected earnings reports from America's biggest defense contractors in the face of sequestration. Bloomberg Government defense analyst Rob Levinson shares how the companies have avoided the budget pain and whether it will last.

Fed Approves Emergency Lending Limits for Financial Firms
19:42 - Federal Reserve Chair Janet Yellen presides over a meeting of the Fed Board of Governors in Washington to discuss and vote on rules governing the central bank's ability to help failing financial firms. Under the Fed’s revised authority approved in the vote Monday, the central bank would only be able to save firms in a broad-based scenario, meaning it must help at least five entities at the same time. (Source: Bloomberg)
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