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 April 07, 2011 Afternoon Update |
 TOP NEWSCity RoomNew York Schools Chief Is Out After 3 Stormy MonthsBy ELISSA GOOTMAN and MICHAEL BARBAROMayor Michael R. Bloomberg on Thursday took responsibility for the failure of the appointment of Cathleen P. Black as he announced that Deputy Mayor Dennis M. Walcott would replace her.
Progress Reported on Budget Standoff, but No Deal YetBy MICHAEL D. SHEARCongressional leaders said they made headway at an afternoon meeting in the Oval Office and would try again in the evening for a deal to avert a threatened government shutdown. The CaucusCongress Weighs Not Paying Itself in a ShutdownBy MICHAEL D. SHEARMembers of Congress scramble to make sure that they don't get paid if the government shuts down. Budget Fight Could Delay Pay, Gates Tells Troops in IraqBy ELISABETH BUMILLERDefense Secretary Robert M. Gates said on Thursday that if the United States government shuts down this weekend and into next week, American troops would experience a temporary halt in their pay. Rifts Within Both Parties Test Leaders in Budget FightBy JEFF ZELENYPresident Obama and Speaker John A. Boehner face challenges from adversaries as well as their own followers. |
MultimediaOpinion |
BUSINESSPolitical Divide Poses Risks for Portugal in Bailout TalksBy RAPHAEL MINDER and STEPHEN CASTLELeaders in Lisbon will begin setting aside their domestic differences in order to negotiate with creditors. European Bank Raises Rate for 1st Time Since 2008By JACK EWINGThe bank has been worried about inflation, but the move could hurt weaker economies, like Portugal, which on Wednesday had become the third country to request a bailout. U.K. Banks Brace for RestrictionsBy LANDON THOMAS Jr.As Wall Street banks fight to fend off further regulation, the battle in Britain over how best to manage financial institutions considered "too big to fail" is just beginning. U.S. Seeks HSBC Customers' Names as Part of Tax InquiryBy LYNNLEY BROWNINGThe government is seeking the names of wealthy American clients suspected of evading taxes through offshore accounts at its affiliate in India. U.S. Retailers Report a Surprising Rise in March SalesBy STEPHANIE CLIFFORDRetailers tracked by Thomson Reuters posted an unexpected 1.7 percent increase in March, handily beating the average analyst estimate of a 0.7 percent decline. |
Cathleen P. Black: 
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