Wednesday, July 15, 2009

SPB News for Wednesday.

Goldman Posts $2.72B Profit In Second Quarter

Report: Obama Mulls Rental Option For Homeowners

Raul Castro Fires Most Of Fidel's Cabinet

Ex-Defense Contractor With Ties To Rep. Murtha In Court

Episcopal Church Moves To Allow Gay Bishops

Obama Adviser Steps Down As Probe Into His Biz Heats Up

IL Trooper Salaries May Go To Min. Wage Without Budget

Spitzer: U.S. Banks Made A 'Bloody Fortune' From Bailouts

Obama Considering Bailout Of Small-Business Lender CIT

House Ethics Office Recommends 5 Probes Into Reps' Caribbean Trips

Justice Dept. wants UBS customer names

Michelle's Father Buried At Dug-Up Cemetery


Goldman execs sold $700M in stocks

AP sources: House lays groundwork for CIA probe The House Intelligence Committee has asked the CIA to provide documents about the now-canceled program to kill al-Qaida leaders, congressional officials said Tuesday. The agency spent at least $1 million on the eight-year program before it was terminated last month, one congressional official said. Intelligence officials say the operation never progressed beyond a planning stage. The CIA said Tuesday that the agency would cooperate in the House move, a precursor to what would likely become a full-blown investigation into the secret operation [?] and why the program was not disclosed to Congress.

US House Health Bill Puts 5.4% Surtax On Millionaires U.S. House Democrats on Tuesday proposed new taxes on the wealthy to help fund an expansion of government health benefits. But the bill also includes a mechanism to peel back the tax increases if the revenue isn't needed to fund the bill. The bill would place a 5.4% surtax on individuals and families with annual gross income exceeding $1 million. Individuals and families with annual income above $350,000 would face a 1% surtax, and those making between $500,000 and $1 million a year would be hit with a 1.5% surtax.

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