Overview for The Feed

CBO: Debt Could Rise To Twice GDP

Politico reports : Applying a little shock treatment to White House deficit talks, the Congressional Budget Office released new projections Wednesday showing that the U.S. debt could be nearly twice the nation’s GDP in 25 years absent real changes in spending and tax policy. Instead of …

Written by FrumForum News on Wednesday June 22, 2011

Mexican Drug Lord Caught

BBC News reports : Mexican President Felipe Calderon has congratulated police on the capture of the alleged leader of the notorious La Familia drugs cartel. Police arrested Jose de Jesus Mendez Vargas, also known as "The Monkey", in the central city of Aguascalientes. Mr Calderon …

Written by FrumForum News on Wednesday June 22, 2011

Cantor And Camp: No Short-Term Debt Limit Hike

The Wall Street Journal reports : Two top House Republicans rejected the idea of pursuing a series of piecemeal deficit-cutting agreements in exchange for gradual increases in the government's borrowing limit, putting more pressure on negotiators to start cutting deals on a broader package …

Written by FrumForum News on Wednesday June 22, 2011

Suspicious Dump Truck Found Near White House

ABC News reports : All car and pedestrian traffic has been stopped for several blocks in a perimeter around the White House this morning as law enforcement inspects a dump truck there. The Secret Service tells ABC News that a canine team “alerted” while inspecting a dump truck that was …

Written by FrumForum News on Wednesday June 22, 2011

Boehner: No House Support for Libya Mission

The Associated Press reports : Speaker John Boehner says President Barack Obama lacks the support of members of the House for authorizing the U.S. military operation in Libya. Speaking to reporters Wednesday, Boehner acknowledged the effort by Republican Sens. John McCain and Lindsey Graham …

Written by FrumForum News on Wednesday June 22, 2011

Syria Foreign Minister Promises Democracy

The Associated Press reports : Syria's foreign minister claimed Wednesday the Damascus government would soon present "an unprecedented example of democracy" in the troubled Middle East, a bold assertion for an embattled regime that has kept a hardline authoritarian grip on its people for …

Written by FrumForum News on Wednesday June 22, 2011

New Rules for Hedge Funds

The Associated Press reports : Hedge funds will face closer scrutiny under rules being approved Wednesday that seek to protect investors from risky trades and prevent another financial crisis. The rules were mandated under the financial overhaul law passed last year. They require hedge …

Written by FrumForum News on Wednesday June 22, 2011

Ai Weiwei Released On Bail

The Telegraph reports : The Xinhua news agency said the decision was also taken because Mr Ai suffers from a chronic disease, quoting Beijing police. He is known to suffer from diabetes and high blood pressure. Mr Ai, 53, is an outspoken critic of the Chinese government and has …

Written by FrumForum News on Wednesday June 22, 2011

Geithner: U.S. Trying To Bolster Small Business

Reuters reports : Treasury Secretary Timothy Geithner said on Wednesday that small businesses have suffered especially because of a credit crisis but said every effort was being made to help them. "There is no single silver bullet, which is why we have taken a multifaceted approach, " …

Written by FrumForum News on Wednesday June 22, 2011

Japan Utility Paying $1B to Nuclear Plant Evacuees

The Associated Press reports : The owner of Japan's tsunami-damaged nuclear plant will pay an estimated $1 billion (88 billion yen) to thousands of residents who evacuated homes near the radiation-leaking plant and don't yet know when they can return. Compensation Tokyo Electric Power Co. …

Written by FrumForum News on Wednesday June 22, 2011

Gingrich: Campaigns Have Ups and Downs

Mercury News reports : Newt Gingrich on Wednesday brushed aside continuing upheaval in his presidential campaign, noting that Republican hero Ronald Reagan suffered defections in his 1980 campaign and went on to win the White House. "The fact is, campaigns go up and down," the former House …

Written by FrumForum News on Wednesday June 22, 2011

Pentagon Gets Cyberwar Rules

The Associated Press reports : President Barack Obama has signed executive orders that lay out how far military commanders around the globe can go in using cyberattacks and other computer-based operations against enemies and as part of routine espionage in other countries. The orders detail …

Written by FrumForum News on Wednesday June 22, 2011

Cameron: NATO Holding Strong on Libya

The Associated Press reports : British Prime Minister David Cameron insists the NATO-led air campaign in Libya still has strong support, despite recent criticism. Cameron told lawmakers in Parliament on Wednesday that the coalition involved in the mission is "holding strong" and increasing …

Written by FrumForum News on Wednesday June 22, 2011

Obama Calls For End To Sudan Violence

The Associated Press reports : President Barack Obama is urging north and south Sudan to agree to an immediate cease fire in the state of Southern Kordofan. In a statement, Obama says the situation there is dire, especially given deeply disturbing reports of attacks based on ethnicity. The …

Written by FrumForum News on Wednesday June 22, 2011

Israel Tests Nuclear Bunker

Reuters reports : Israeli leaders holed up in a new underground nuclear bunker on Wednesday as part of annual manoeuvres to prepare for a possible missile war with Iran, Syria and their Lebanese and Palestinian guerrilla allies. Officials said it was the first time the security cabinet, …

Written by FrumForum News on Wednesday June 22, 2011

4 Pak. Majors Questioned on Terror Ties

The Associated Press reports : The Pakistan army is questioning four more officers about suspected links with a banned extremist group that has called for the military to oust the country's government, the army spokesman said Wednesday. A day earlier, the army said it detained a senior …

Written by FrumForum News on Wednesday June 22, 2011

Gore: Obama Not Bold On Climate Change

ABC News reports : Former Vice President Al Gore is doing what few environmentalists and fellow Democrats have done before, criticizing President Barack Obama's record on global warming. In a 7,000-word essay for Rolling Stone magazine that was posted online Wednesday, Gore says Obama has …

Written by FrumForum News on Wednesday June 22, 2011

First Lady Pushes Women's Rights in Africa

The Associated Press reports : First Lady Michelle Obama urged young Africans on Wednesday to fight for women's rights and battle the stigma of AIDS, using her husband's "yes, we can" campaign slogan to motivate youth across the continent. Obama is on her second solo trip abroad as first …

Written by FrumForum News on Wednesday June 22, 2011

Kabul: We're Ready for U.S. Drawdown

The Associated Press reports : Afghanistan's NATO-trained military is ready to take responsibility for fighting Taliban insurgents and securing key parts of the country that will be the first to transition as the U.S. begins a troop drawdown in July, the Defense Ministry said Wednesday. …

Written by FrumForum News on Wednesday June 22, 2011

New Poll Shows 30% Support Obama

Bloomberg reports : Americans are growing more dissatisfied with President Barack Obama’s handling of the economy and say it will be hard to vote to re-elect him without seeing significant progress over the next year and a half. By a margin of 61 percent to 37 percent, a Bloomberg …

Written by FrumForum News on Wednesday June 22, 2011