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Fed might mull easing, but no action seen

Pressure will build among Federal Reserve policymakers at a meeting next week for measures to pep up a stumbling recovery with a stronger commitment to rock-bottom interest rates.

New Details Break the Ice in Polar Bear Scientist Investigation

Polar Bears
New details emerged Tuesday in the mysterious suspension of acclaimed polar bear scientist Charles Monnett. It appears that his 2006 paper on polar bear deaths is not in question. What is, however, is his management of a current study on "Populations and Sources of Recruitment in Polar Bears."

Snapshot: Senate passes debt deal, sends to Obama

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Just hours ahead of a deadline to avert an unprecedented U.S. default, Congress approves a bill that raises the $14.3 trillion debt ceiling and sets in motion a plan to reduce U.S. deficits over 10 years.
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S&P 500 eyes longest losing streak since Oct 2008

Stocks dropped on Tuesday as worries about the health of the global economy and a possible downgrade for U.S. debt sent the S&P 500 crashing through key technical levels in an ominous sign for markets.
Lamis Ali, 29, arrives for afternoon prayers at the Islamic Center of America in Dearborn

Muslim Americans Feel Optimistic, Patriotic: Poll

A Gallup poll revealed that American Muslims generally feel integrated into American culture and confident in its political institutions, challenging a perception that Muslims feel marginalized or detached from society.
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Most Americans aware of cyber attack threat: poll

NEW YORK (Reuters Life!) - Most Americans think the U.S. government should authorize cyber attacks if needed, have never been to a psychiatrist or therapist and many named James Bond as their favorite fictional hero.
Presient Barack Obama and China's President Hu Jintao

U.S. Debt Still Poses Threat to Global Economy: Chinese Media

The U.S.' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
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China official paper says U.S. debt worries linger

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
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MetroPCS warns on subscriber numbers

MetroPCS Communications Inc lost about a third of its market value on Tuesday after it reported quarterly earnings that missed Wall Street expectations and warned that already-weak second-quarter subscriber numbers would worsen in the current quarter.
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Congress averts default, downgrade fears haunt

Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating.
Lower Bank Deposit Guarantee

Small business borrowing jumps: PayNet

Borrowing by small businesses jumped in June to the highest level in more than three years, a sign that a so-far elusive resurgence in economic growth may be around the corner.
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Snapshot: Senate to vote on debt deal

Here is a rundown of the final actions in Congress on Tuesday as lawmakers try to rush to the White House a deficit reduction deal that also will raise the $14.3 trillion limit on U.S. government borrowing.

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