UNITED STATES

U.S. President Barack Obama

Crucial Debt Ceiling Votes Ahead as Leaders Reach Deal

A weary-looking President Obama told reporters late Sunday that a deal had been reached between the leaders of the White House, Senate and House of Representatives to raise the federal debt ceiling and avoid the first U.S. default, although a series of votes by all members in Congress is needed to make the ceiling raise a reality.

Deal reached to end debt crisis

U.S. President Barack Obama
President Barack Obama said on Sunday that Democrat and Republican leaders had reached an agreement to reduce the U.S. deficit and avoid default, but it was not clear if the spending cuts were deep enough to stave off a credit rating downgrade. The White House said the compromise would cut about $2.5 trillion from the deficit over the next 10 years but the reductions would not happen so quickly that they would drag on the fragile U.S. economy.
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Debt Ceiling Deal Reached, Govt Default Averted

President Obama, House Speaker John Boehner, and Democratic lawmakers struck a deal and averted a government default come August 2. The deal will cut $1 trillion in spending over 10 years, announced Obama, reported Reuters.
A boy cools off at the Crown Fountain at Millennium Park in Chicago

Hot Weather Persists in Central United States

Sticky heat was expected to smother much of the country's midsection in the coming days as hotter-than-usual temperatures continued to roast parts of the Midwest and South, forecasters said on Sunday.
British singer Amy Winehouse

Amy Winehouse tops UK albums chart after death

"Back to Black" by Amy Winehouse shot back to the top of the British albums chart Sunday, a week after the troubled singer died at the age of 27. Winehouse, famous for her distinctive soul songs and beehive hairdo, struggled with drinking and drug problems throughout much of her career. The cause of her death has not yet been determined as officials await results of toxicology tests.
U.S. President Barack Obama

Obama: Debt Ceiling Deal Reached

President Barack Obama told reporters Sunday that a deal has been reached to raise the federal debt ceiling and avoid the first U.S. default, the culmination of days of high-level, high-stakes political wrangling to attempt to resolve the nation's large deficits.
Mitch McConnell

Tentative Debt Deal Looms in Senate, GOP Officially Holds-Off for Now

Senate Majority Leader Harry Reid has "signed-off" on a debt-raising deal that could be voted on as early as tonight, although the Senate's Republican leadership indicates a deal has not been reached yet as the U.S. attempts to avoid the first-ever default on debt by the U.S. government.
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Space acquisition to step up EADS spree

EADS is poised to step up a recent buying spree with a space industry acquisition in Europe that could rank among its biggest efforts to expand, sources familiar with the matter said on Sunday.
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Default cloud hangs over U.S. job market

The terrifying prospect of a U.S. debt default has left a cloud over businesses already reeling from the economy's tepid performance, and likely left them reluctant to ramp up hiring in July.
The Smurfs

"Cowboys & Aliens" ties "Smurfs" for box office lead

Sci-fi Western "Cowboys & Aliens" landed in a dead heat with animated family film "The Smurfs" at the weekend box office with each movie taking in about $36.2 million in U.S. and Canadian theaters, according to studio estimates released on Sunday.
At Issue: U.S. Debt Deal Bill

Senate Conservatives Won't Try to Delay Debt Deal Bill's Consideration

The likely bipartisan debt deal bill received another boost Sunday afternoon when key Senate Tea Party members said they would not try to delay a vote on the bill via parliamentary tactics. As a result, a Senate vote could occur Monday -- which means the bill could be ready for a House vote later that day.
Senator Harry Reid

Debt Deal Within Sight, Key Vote Close

A deal to raise the federal debt ceiling and avoid the first ever U.S. default is "very close" and a vote on a bipartisan measure could take place as soon as Sunday night, top Senate Leaders said.
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Debt deal could spur relief rally

A deal involving up to $3 trillion in deficit cuts over a decade that would let U.S. lawmakers raise the U.S. borrowing limit and avoid default could spur a relief rally in Wall Street stocks and a rise in U.S. government yields on Monday.
Anna Kournikova and Enrique Iglesias

'Stayover Relationship' is the New Marriage

Today's generation are opting for "stayover relationships" that let them enjoy relationships without living together, a trend that appears to be slowing down the road to marriage.
Senate Majority Leader Harry Reid speaks at a news conference in Washington

Reid Senate Vote on Debt Plan Stalls; GOP Votes Not There

Senate Majority Leader Harry Reid, D-Nev., is pushing ahead with a Senate vote on his debt plan, but the GOP votes are not there. Still, Republican Majority Leader Mitch McConnell said Sunday negotiators were "very, very close" to a deal.

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