UNITED STATES

Obama, GOP trade demands for debt plan

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President Barack Obama and Republicans traded demands for a serious deficit plan on Friday, as an acrimonious stalemate deepened in negotiations to avert a looming U.S. government default.
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U.S. weighs Credit Suisse tax evasion charges-sources

Authorities are considering indicting Swiss bank Credit Suisse over its role in providing offshore private banking services that enabled scores of wealthy Americans to evade taxes, according to current and former senior government sources briefed on the matter.
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Barclays appeals $4 billion owed to Lehman trustee

Barclays Plc is appealing a judge's ruling that handed the trustee for Lehman Brothers Holdings Inc's brokerage arm about $4 billion related to the rushed purchase of the failed investment bank's North American business.
U.S. Rep. Michele Bachmann, R-Minn.

Bachmann Leaves Church Accused of Anti-Catholicism

U.S. Rep. Michele Bachmann, R-Minnesota, and a candidate for the 2012 Republican Party's presidential nomination, has officially quit her home church in Minnesota that has been accused of holding anti-Catholic views.
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Wall Street ends higher, helped by Google

Google's blowout quarter led the Nasdaq higher on Friday, but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.
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Centerbridge vows to fight Lehman bankruptcy plan

The Centerbridge hedge fund does not think Lehman Brothers Holding Inc's plan to exit bankruptcy can be confirmed by a judge and it plans to mount a fight against it, according to court documents.
U.S. President Barack Obama, D-Ill.

Obama: Americans Back Me, Not GOP, on Debt Deal

Score Day 6 of the debt talks a wash: House Speaker John Boehner, R-Ohio, said President Barack Obama, D-Ill., hasn't presented a real deficit reduction plan, but Obama countered that he not only has, but that the American people support his plan, which includes both revenue increases as well as spending cuts.
A job seeker waits in line with others to meet potential employers at a career fair at Rutgers University in New Brunswick

Americans Downbeat About Economy, U.S. Debt

Consumer sentiment dropped to its lowest reading since the Great recession, amid high unemployment and the federal government's inability to deal with its debt problem as a deadline to raise the debt ceiling looms.
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Gloomy consumers cast dark cloud over economy

U.S. consumer confidence hit a near 2-1/2 year low in early July and manufacturing output stalled in June, further frustrating expectations of a quick economic growth rebound in the second half of the year.
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July consumer sentiment worst since March 2009

Consumer sentiment deteriorated in early July to the lowest level since March 2009 on increasing pessimism over falling income and rising unemployment, a survey released on Friday showed.

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