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 July 25, 2011 Afternoon Update |
 TOP NEWSSenate and House Offer Conflicting Plans on DebtBy CARL HULSE, JENNIFER STEINHAUER and JACKIE CALMESThe Democratic Senate and Republican House put themselves on a legislative collision course Monday as they moved forward with significantly different plans on how to raise the debt limit and avert a possible federal default next week. Shares Down on U.S. Debt TalksBy CHRISTINE HAUSEREven as concerns eased over Europe's debt crisis after last week's bailout of Greece, stocks were lower as investors focused on the debt-ceiling talks in Washington. FiveThirtyEightSpeaker Boehner's Big GambleBy NATE SILVERIn seeking to trip up President Obama in the debt-ceiling standoff, Speaker John A. Boehner may be putting his own majority at risk. Economix BlogOn Debt Talks, a Lose-Lose-Lose-Lose SituationBy CATHERINE RAMPELLWhatever happens this week with Washington's debt talks, the economy will likely be worse off. Norway Attacker May Have Had Accomplices; Death Toll LoweredBy STEVEN ERLANGER and ALAN COWELLA Norwegian court says that the man accused of carrying out a killing spree now maintains that "two further cells" of extremists collaborated with him, as the confirmed death toll was reduced to 76 from 93. |
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BUSINESSNews AnalysisPropping Up Banks, as Well as GreeceBy JACK EWINGBy agreeing to contribute a relatively modest amount to the rescue, the banking industry is getting something more valuable in return, analysts say. DealBookDeutsche Bank Taps Co-CEOs to Replace AckermannBy JACK EWINGDeutsche Bank resolved a leadership crisis on Monday, saying that Anshu Jain, head of its investment bank, and Jurgen Fitschen, head of the bank's German unit, will share chief executive duties at the country's largest lender starting next year. With Washington at Impasse, Worry Over Investor ReactionBy LOUISE STORY and DAVID KOCIENIEWSKIWith the debt limit talks at a stalemate, Wall Street and Washington have turned their attention to a critical question: How long will investors give them? U.A.W. Opens Contract Talks With ChryslerBy BILL VLASICThe bailed-out automaker is the first of the Big Three to start negotiations on worker contracts that expire in September. DealBookMoody's Sees Benefits for Banks From Consumer BureauBy BEN PROTESSThe bureau, Moody's said, could be the "medicine" that tames the financial industry's risk-taking ways, adding that safer lending practices "could limit future credit and litigation costs." |
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