U.S. Top News Early Edition: BofA in settlement with Fannie Mae, Freddie Mac

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	01/3/2011
Good Morning Omss LATEST NEWS BofA in settlement with Fannie Mae, Freddie Mac CHARLOTTE, North Carolina (Reuters) - Bank of America Corp said it agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans. | Full Article Obama aide: Debt limit fight could be "catastrophic" January 03, 2011 04:45 AM ET WASHINGTON (Reuters) - A fight over the budget loomed on Sunday as a top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation's borrowing limit. | Full Article Apple woes continue as some oversleep in Asia and Europe January 03, 2011 05:42 AM ET HONG KONG/HELSINKI (Reuters) - Some iPhone users in Asia and Europe complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday. | Full Article China will continue to buy Spanish debt: vice premier January 03, 2011 08:28 AM ET MADRID (Reuters) - Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday. | Full Article AIG stock could drop as government sells off: report January 03, 2011 09:15 AM ET NEW YORK (Reuters) - Shares in American International Group (AIG) could drop this year as the U.S. government sells stock it owns in the insurer, Barron's reported on Sunday. | Full Article BUSINESS NEWS Wall Street to open up China PMI, January effect January 03, 2011 09:20 AM ET NEW YORK (Reuters) - U.S. stocks were set for a higher open on Monday as returning investors bet a 2010 rally would continue in the new year and Chinese factory inflation data tempered concerns over increased monetary tightening. | Full Article U.S. jobs trickle in. Whither workers? January 03, 2011 09:12 AM ET WASHINGTON (Reuters) - U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high. | Full Article Barnes & Noble says holiday same-store sales up 9.7 percent January 03, 2011 09:26 AM ET NEW YORK (Reuters) - Barnes & Noble Inc reported strong preliminary holiday results at its superstores, led by the popularity of its Nook e-readers. | Full Article Goldman, Digital Sky Technologies invest in Facebook: report January 03, 2011 01:41 AM ET BANGALORE (Reuters) - Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, the New York Times reported citing people involved in the transaction. | Full Article Asia factory output powers ahead but inflation worries January 03, 2011 04:08 AM ET MUMBAI (Reuters) - Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies. | Full Article HEALTH NEWS Britain unveils industry-backed healthy-eating plan Eating lots of red meat ups women's stroke risk Sleep apnea device eases fatigue in three weeks Family history of alcoholism raises obesity risk Pregnant women often deny smoking RELATED VIDEO NATO: Afghan casualties up in 2010 Aid caravan arrives in Gaza South Korea's door open for dialogue A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Words "viral" and "epic" consigned to college trash Full Article - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend

Newser Daily Digest - Derelict Iraqi Water Park a Symbol of US Fund Abuses

Derelict Iraqi Water Park a Symbol of US Fund Abuses

(Newser) - A derelict water park in Baghdad is testament to the waste and mismanagement of a $5 billion rebuilding program run by the US military in Iraq and Afghanistan over the past six years, reports the Washington Post . The Commander's Emergency Response Program all but did away with bureaucratic hassles, giving... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

'Salesman' Diplomats Pitch Perks for Boeing Deals

(Newser) - Turkey wants their astronaut to fly with NASA. The king of Saudi Arabia wants his plane to have all the same high-tech amenities as Air Force One. Bangladesh wants landing rights to resume at Kennedy International Airport. All are apparently up for grabs as perks if the nations sign contracts... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

Obama Signs 9/11 First Responders Bill

(Newser) - A bill that traveled one long road journeyed a wee bit farther before reaching its end today: President Obama signed the 9/11 health bill into law—in Hawaii. To get it there, a printed copy flew with a White House staffer from Washington to the island of Oahu, and then... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

GOP Rep Calls Obama Admin 'One of Most Corrupt'

(Newser) - Rep. Darrell Issa is coming in like a lion—and intends to go out like one, too. The incoming chair of the House Oversight and Government Reform Committee didn't mince words today on CNN's State of the Union, calling Obama's administration "one of the most corrupt administrations" (stepping back... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

House GOP's No. 1 Priority: Repeal ObamaCare

(Newser) - With the GOP set to take control of the House on Wednesday, the party honchos were all over the Sunday shows promising that priority No. 1 is going to be repealing health reform, reports Politico. “The more the people learn about ObamaCare, the less they like it,” Rep.... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

Obama's Ambassador Eyes 2012 Run Against Him

(Newser) - Who's the moderate conservative, Mormon ex-governor making ripples in the 2012 presidential pool? Not Mitt Romney—meet Jon Huntsman, the former governor of Utah who President Obama appointed ambassador to China in 2009. The move, seen as an effort to neutralize the only potential rival who made Team Obama "... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

Promises That Obama's Apparently Forgotten

(Newser) - “There’s not a single thing that I’ve said that I would do that I have not either done or tried to do,” President Obama boasted to reporters this month. Yeah, right. Salon found plenty of evidence to the contrary, including these lesser-known broken campaign promises : The ... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

Liberals, Conservatives Have Different Brains

(Newser) - Here's a study sure to stoke controversy—British researchers have found that political orientation correlates to the relative size of certain parts of the brain. Liberals can boast of thicker gray matter at the anterior cingulate, while conservatives can brag about their bigger amygdalas, reports the Sydney Morning Herald . How... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

Snubbed By GOP, Tea Partiers Still Mad as Hell

(Newser) - The 112th Congress hasn't even been sworn in yet, but Tea Partiers are already mad: They say legislators passed over their candidates for leadership positions, then passed too much legislation during the Congress' lame duck session. “For them to legislate when they’ve collectively lost their mandate just shows... More  »

Newser located this story for you on Monday, January 3, 2011 7:01 AM. The story matched your section(s) Politics.

 

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Politics News & Analysis: Austerity is first order for Boehner's installation as House speaker

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	Politics News & Analysis  Monday, Jan. 3, 2011 Get The Washington Post iPhone app! WhoRunsGov » Meet the Freshmen: Former Providence mayor David Cicilline (D-R.I.) comes to Washington. Read Cicilline's WhoRunsGov profile. Austerity is first order for Boehner's installation as House speaker (By Philip Rucker) Demise of Iraqi water park illustrates limitations, abuse of U.S. funding program (By Ernesto Londono) House Republicans to bring up repeal of health-care law 'early' in new Congress (By Philip Rucker) The Obama Presidency • Issa: Obama has 'one of the most corrupt administrations' • Kaine to stay on as Democratic National Committee Chairman • Allen West: 'I didn't learn anything' from aide controversy The Fix by Chris Cillizza • The Fix Weekly Face-Offs! • Joe Miller bows out in Alaska • Murkowski's win becomes official Economic & Domestic Policy by Ezra Klein • The real Rosie • Column: Pinning down 'Obamanomics' • Reconciliation Latest Political Headlines Wall Street ties complicate the politically touchy search for economic adviser (By Peter Wallsten and Perry Bacon Jr.) As Obamas vacation, a reminder that the Aloha State is making its way onto the political map (By Perry Bacon Jr. and Jason Horowitz) Issa says Obama administration is 'one of most corrupt' (By Philip Rucker) Party pulls out of Pakistan's ruling coalition, threatening government (By Karin Brulliard) Vincent Gray inaugurated as D.C. mayor (By Nikita Stewart, Tim Craig and Mike DeBonis) Opinions Clarity from the GOP? (By E.J. Dionne Jr.) School reform's next test (By Arne Duncan) Judging Obama's economics (By Robert J. Samuelson) A critical silence (By Jackson Diehl) Right Turn: The Cole controversy Live Discussions The Fix Face-offs (Chris Cillizza) U.S. Congress Browse every vote in the U.S. Congress since 1991. » EXPLORE THE DATABASE | House Votes | Senate Votes • Congress 111, House vote: Vote 664: H R 847 • Congress 111, Senate vote: Vote 299: On the Nomination • Congress 111, Senate vote: Vote 298: On the Resolution of Ratification Web-Wide News Alerts MyWebpost Get The Post's take on whatever you're reading -- anywhere on the Web. » Sign Up | Learn More
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