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U.S. Top News Early Edition: China warns U.S. debt-default idea is "playing with fire"

Reuters
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06/8/2011
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LATEST NEWS
China warns U.S. debt-default idea is "playing with fire"
SINGAPORE (Reuters) - Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday. | Full Article
Obama administration to appeal healthcare ruling
June 08, 2011 07:18 AM ET
ATLANTA (Reuters) - Lawyers for President Barack Obama will on Wednesday seek to stave off the biggest legal challenge yet to healthcare reform, his signature domestic policy achievement. | Full Article
Weiner faces Republican fire, Democratic anger
June 07, 2011 10:12 PM ET
WASHINGTON (Reuters) - A top Republican on Tuesday called on Democratic Representative Anthony Weiner to resign, saying Congress cannot afford to be distracted by the sexually charged photos and tweets he sent to women. | Full Article
OPEC talks break down, no deal to lift oil supply
June 08, 2011 09:32 AM ET
VIENNA (Reuters) - OPEC talks broke down on Wednesday without an agreement to raise output after Saudi Arabia failed to convince the cartel to lift production. | Full Article
Syrians flee town as troops approach
June 08, 2011 09:32 AM ET
BEIRUT (Reuters) - Turkey called on Syria on Wednesday to rein in violence against civilians and promised not to turn away refugees as some residents of a Syrian border town headed for the Turkish frontier in fear of a military assault. | Full Article
BUSINESS NEWS
Markets head into sixth day of losses
June 08, 2011 08:05 AM ET
NEW YORK (Reuters) - Stock index futures fell on Wednesday, pointing to a sixth day of losses in an enduring downtrend as investors worry about the bleak economic outlook and technical market indicators point to more weakness ahead. | Full Article
McDonald's May U.S. sales hurt by high gas prices
June 08, 2011 08:59 AM ET
NEW YORK (Reuters) - McDonald's Corp reported a lower-than-expected sales increase at established stores in the United States in May as high gas prices and unemployment crimped its business. | Full Article
Mortgage applications slipped last week: MBA
June 08, 2011 09:28 AM ET
NEW YORK (Reuters) - Applications for home mortgages eased last week, although demand for refinancing improved as interest rates edged down, an industry group said on Wednesday. | Full Article
Germany puts Greek restructuring back on table
June 08, 2011 09:11 AM ET
BERLIN (Reuters) - Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member. | Full Article
Citigroup sells private equity assets to AXA unit
June 08, 2011 08:29 AM ET
PARIS (Reuters) - Citigroup has agreed to sell a portfolio of private equity assets to AXA Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets. | Full Article
HEALTH NEWS
Drug firms go online to test and sell medicines
Germany expecting more E.coli deaths
U.S. cancer drugs shortage has doctors scrambling
Bill Clinton: universal health coverage saves money
Special Report: Inside Germany's E.coli hunt
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