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Obama Helps China Oil; Rick Perry Warned by Bush Team; Jeb Bush Slams Teacher Unions


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U.S. Top News Early Edition: Portuguese downgrade darkens euro zone rescue hopes

Reuters
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07/6/2011
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LATEST NEWS
Portuguese downgrade darkens euro zone rescue hopes
LONDON/PARIS (Reuters) - The downgrading of freshly bailed-out Portugal's credit rating to "junk" shocked financial markets Wednesday and cast new doubt on European efforts to rescue distressed euro zone states without debt restructuring. | Full Article
China raises rates, shrugs off slowing growth
July 06, 2011 09:15 AM ET
BEIJING (Reuters) - China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases. | Full Article
Exclusive: AirAsia plans to boost Airbus deal
July 06, 2011 07:41 AM ET
KUALA LUMPUR (Reuters) - AirAsia has drawn up plans to buy an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300, a source with direct knowledge of ongoing discussions said. | Full Article
IMF's Lagarde signs up to tougher ethics code
July 06, 2011 09:27 AM ET
WASHINGTON (Reuters) - Christine Lagarde, who took office as IMF managing director on Tuesday, has signed up for tougher ethical rules than her predecessor as the lender seeks to inoculate itself from further hits to its reputation in the aftermath of Dominique Strauss-Kahn's resignation under fire. | Full Article
Strauss-Kahn lawyers to meet prosecution
July 06, 2011 09:34 AM ET
NEW YORK (Reuters) - New York prosecutors are scheduled to meet with defense lawyers for former IMF chief Dominique Strauss-Kahn on Wednesday to discuss the sexual assault charges against him, one of the defense lawyers said. | Full Article
BUSINESS NEWS
Wall St set to open lower on Portugal, China
July 06, 2011 09:00 AM ET
NEW YORK (Reuters) - Stocks were poised for a lower open on Wednesday after Moody's downgrade of Portugal's credit rating to "junk" and China's interest rate rise sparked jitters about global growth prospects. | Full Article
UK's Cameron calls for probe into phone hacking
July 06, 2011 09:21 AM ET
LONDON, July 6 - British Prime Minister David Cameron on Wednesday called for an official inquiry into a phone hacking scandal at Rupert Murdoch's News International that has prompted national outrage. | Full Article
Mortgage applications fell last week: MBA
July 06, 2011 07:07 AM ET
NEW YORK (Reuters) - Purchase applications for U.S. home mortgages rose last week, but refinancing activity plunged as interest rates jumped, an industry group said on Wednesday. | Full Article
Banks chafe at pay clawbacks in liquidation plan
July 06, 2011 09:09 AM ET
WASHINGTON (Reuters) - Banks and other large financial companies that could be seized and liquidated by the U.S. government are balking at a proposed plan they argue gives regulators too much power to snatch back executives' pay if their institutions fail. | Full Article
US Airways sees 2011 capacity up 1 percent
July 06, 2011 09:34 AM ET
CHICAGO (Reuters) - US Airways Group expects its 2011 total capacity to rise about 1 percent. | Full Article
HEALTH NEWS
Review raises questions over benefits of cutting salt
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FDA seeks to ease confusion on supplements
EU bans Egyptian seeds over deadly E.coli outbreak
Many U.S. heart stents inappropriate: study
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Politics News & Analysis: Who are the 'tea party Democrats?'

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The Washington PostWednesday, July 06, 2011
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Top Stories

Christopher Howard of Vacaville, California waves to passing motorists at the intersection of East Monte Vista Ave and Nut Tree Road as he flies a 13 star American flag during a Flag Day Rally sponsored by The Vaca-Dixon Tea Party Patriots and the Vacaville Elks Lodge No. 2648 on Tuesday, June 14, 2011. Celebrated on the 14th of June to commemorate the adoption of the flag of the United States it was established in 1916 by President Woodrow Wilson and an  Act of Congress created a National Flag Day in 1949. (AP Photo/The Reporter, Joel Rosenbaum)

How many Democrats crave the tea?

There are some Democrats who identify with the tea party. But how many, and what will their effect be at the polls?

WhoRunsGov

(FILES) This March 5, 2010 file photo shows Former Governor and presidential candidate Mitt Romney as he promotes his new book 'No Apology: The Case for American Greatness' at a National Press Club Newsmaker luncheon in Washington DC.  US voters are uncomfortable with the idea of a president who is a Mormon, even as former Massachusetts governor Mitt Romney, a Mormon, leads the pack of Republican presidential hopefuls, a poll released on June 8, 2011  found. The Quinnipiac University Polling Institute survey however showed that Romney would lose 41-47 percent in a head-to-head election with Barack Obama, contrary to the results of a Washington Post/ABC News poll out Tuesday that showed Romney narrowly defeating the president. AFP PHOTO / Tim Sloan (Photo credit should read TIM SLOAN/AFP/Getty Images)

Financial statement

Mitt Romney is estimated to have raised $20 million in the second quarter of 2011. A Super PAC affliated with Romney, "Restore our Future," raised $12 million. Read more from the Fix | Romney's profile

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