US Debt Crisis: Crucial House Of Representatives Vote Looms -- The Telegraph
The House of Representatives was on Thursday night preparing for a knife-edge vote that could signal a spending deal is possible or lurch the United States towards a debt default that could be disastrous for the global economy.
Increasing fears of a default led to a sharp slide in the dollar and global stocks as the Republican-controlled House debated a bill drawn up by John Boehner, House Speaker, in the teeth of determine opposition from anti-spending Tea Party hardliners.
In a day of high drama, Nancy Pelosi, the Democratic leader in the House, warned: "What we're trying to do is save the world from the Republican budget. We're trying to save life on this planet as we know it today."
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MIDDLE EAST
Report: 3,000 people missing in Syrian uprising.
Palestinian authorities to approach UN for establishing state soon. US to oppose Palestinian recognition at UN.
Suicide bombing kills 12 outside bank in Iraq.
Female U.S. Senators call on Saudi Arabia to let women drive.
U.S. report recommends ending loan guarantees to Israel at end of 2011.
ASIA
Rising prices have hurt East Asia's growth, says report.
US to hold 'exploratory' talks with North Korea in New York.
NKorea predicts new nuclear arms race.
7 Filipino troops die, 21 wounded in rebel clash.
India and Pakistan relations 'on right track'.
AFRICA
Younes death halts momentum for Libyan rebels. Libyan rebels say military commander killed. Libya rebels plan assault on key western town. Libyan rebels attack Gadhafi forces near Tunisian border.
South Sudan joins African Union as 54th member.
Rights group: mass displacements in Ivory Coast.
Mubarak trial to be held in Cairo.
World's biggest refugee camp extended as Somalis flood in.
Calls for aid agencies to channel famine relief through Somali NGOs. Aid trickles in to famine-ravaged Somalia. 6 Die in offensive to protect Somali relief effort.
Egyptian groups unify for huge protest Friday.
Malawi charges more than 250 people over riots.
EUROPE
Security strategy evolves one year ahead of London Olympics.
Now France is being dragged into global financial crisis as credit rating could be cut.
German police search homes in raid on far-right.
After deadly attacks, Norway to review security, police.Norway police face questions over attacks response.
Violence in north Kosovo draws EU warning. NATO steps into Kosovo-Serbia border dispute.
Aides urge Medvedev to run again.
'No porn or prostitution': Islamic extremists set up Sharia law controlled zones in British cities.
Six reasons Europe's debt crisis isn't over.
AMERICAS
Officials will brief public on which bills will be paid, which not, after markets close Friday.
As US debt plan faces House vote, compromise brews behind the scenes. Republican debt plan faces close vote in Congress.
Soldier admits plan to attack Fort Hood, Army says. Fort Hood plot: AWOL soldier planned dual bombing, shooting, officials say. AWOL soldier was plotting a new Ft. Hood attack, officials say.
Peru swears in new president: Who is Ollanta Humala?
Clinton, in letter, blasts bill restricting foreign aid.
In Colombia, FARC operations are on the rise as the guerrilla movement changes strategy and returns to its insurgent roots.
US boy, 14, sentenced in Mexico for cartel killings.
TERRORISM/THE LONG WAR
Australian defense minister warns al Qaeda still a threat.
Al-Qaida's Zawahri tells Syrians to also fight US, Israel.
Spec ops chief warns of al-Qaida 2.0.
U.S. attack still significant al Qaeda goal: official.
ECONOMY/FINANCE/BUSINESS
Dutch bank ING may face U.S. sanctions.
US debt default fears grow as UK becomes safest haven for bondholders.
Here's what happens if ratings agencies downgrade U.S. debt: It's really bad.
Reports confirm decelerating U.S. economy.
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