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 August 2, 2011 Afternoon Update |
 TOP NEWSDebt Bill Becomes Law; Default AvertedBy JENNIFER STEINHAUER and CARL HULSEThe Senate's 74-26 vote to pass the budget deal on Tuesday, a day after a similarly bipartisan vote in the House, belied the intensity of a fight that has bruised both parties. The CaucusObama Still Pushes for Tax RevenueBy MARK LANDLERThe president said Congress should pivot to job creation efforts and that future deficit reduction should include both spending cuts and new tax revenue. Stocks Fall Again, Despite Debt VoteBy CHRISTINE HAUSERA vote to pass the debt ceiling plan may have averted the potential for default, but it failed to lift investors' spirits. Giffords Returns, as Does Unity, BrieflyBy JENNIFER STEINHAUER and JEFF ZELENYRepresentative Gabrielle Giffords returned to the House for the first time since an assassination attempt in January. Somalis Waste Away as Insurgents Block Escape From FamineBy JEFFREY GETTLEMANThe Shabab Islamist insurgent group is imprisoning displaced and starving Somalis who were trying to escape Shabab territory. |
MultimediaOpinion |
BUSINESSCostly Drone Is Poised to Replace U-2 Spy PlaneBy CHRISTOPHER DREWDespite countless delays and budget battles, the Air Force is betting that a $12 billion program of unmanned drones is ready to gather intelligence from heights only dreamed of. Car Sales Show Restrained GrowthBy NICK BUNKLEYHonda and Toyota posted sharp decreases, while General Motors, Ford and Chrysler reported increases. Toyota, Rebounding From Quake, Raises Profit ForecastBy HIROKO TABUCHIThe revised estimate came as the Japanese automaker posted a 1.1 billion yen net profit for the April-June quarter, a tiny fraction of the 190.4 billion yen it earned a year earlier. Markets Assault Spain and Italy DebtBy LIZ ALDERMAN AND MATTHEW SALTMARSHInvestors are returning their attention to the serial debt woes in Europe, and they do not like what they see. Square FeetCities See Another Side to Old TracksBy KRISTINA SHEVORYAfter the success of the High Line park in Manhattan, other cities like Chicago, Philadelphia and St. Louis are moving to turn abandoned rail lines into public spaces. |
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Video: Giffords Returns to Applause
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