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 June 23, 2011 Afternoon Update |
 TOP NEWSBudget Talks Near Collapse as G.O.P. Leader QuitsBy CARL HULSERepresentative Eric Cantor, the House majority leader, abandoned the negotiations Thursday, and Republicans said they would not give in to a push by Democrats for new revenue. Mullen Backs Afghan Pullout Plan but Calls It RiskierBy THOM SHANKER and STEVEN LEE MYERSThe chairman of the Joint Chiefs of Staff, Adm. Mike Mullen, said Thursday that President Obama's timetable was more aggressive than he had been prepared to accept. France Endorses Obama's Afghan PlanBy JOHN F. BURNSFrench authorities also said that the country would begin its own phased troop pullback, contributing to a growing sense of the tide turning in the Western military commitment to Afghanistan. Karzai Welcomes Withdrawal, but Many Afghans Are WaryBy ALISSA J. RUBIN and TAIMOOR SHAHEven as many senior Afghan officials echoed President Hamid Karzai, closer to the ground, local leaders and ordinary people expressed fears of civil war. City RoomState Senate G.O.P. to Decide on Gay Marriage VoteBy DANNY HAKIMThe majority leader, Dean G. Skelos, said he expected a decision on whether to call a vote at a meeting later in the day. |
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BUSINESSStocks and Oil Prices Fall SharplyBy CHRISTINE HAUSERThe Dow Jones and other market indexes fell on a combination of slow growth, Europe's debt crisis and the use of oil reserves. Global Oil Reserves Tapped in Effort to Cut Cost at PumpBy JOHN M. BRODER and JACKIE CALMESTo replace some of the oil production lost during the Libya conflict, 60 million barrels will be released, with half coming from America's reserves. DealBookLawmakers Challenge Derivatives RulesBy BEN PROTESSThe lawmakers, Republicans and Democrats alike, argue that some proposed rules could force Wall Street's derivatives business overseas. As Greece Ponders Default, Lessons From ArgentinaBy CHARLES NEWBERY and ALEXEI BARRIONUEVOThe effects of Argentina 2001 debt crisis still linger, and the country's default at the time is still keeping it away from the global credit market. G-20 Officials Agree on Steps to Stabilize Food PricesBy MATTHEW SALTMARSH and STEVEN ERLANGERInitiatives include creating a database on food stocks, a joint international research program on wheat and a "rapid response forum" to address food crises. |
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