WASHINGTON - In an unforgiving display of partisanship, the Republican-controlled House approved emergency legislation Friday night to avoid an unprecedented government default, and Senate Democrats scuttled it less than two hours later in hopes of a better deal. We are almost out of time" for a , warned President Barack Obama as U.S. financial markets trembled at the prospect of economic chaos next week. The Dow Jones average fell for a sixth straight session.
WASHINGTON - With time growing short and warnings more dire, the first, fragile signs emerged Thursday of a possible compromise to raise the nation's debt limit and avert a potentially catastrophic default on Aug. 2. Under a plan discussed by the Senate's top two leaders, President Barack Obama would receive enhanced authority to raise the debt ceiling at the same time procedures would be set in motion that could lead to federal spending cuts.
AUGUSTA - The Legislature's budget-writing committee has reached a tentative compromise on reforms to Maine's pension system, one of three major unresolved issues facing negotiators drafting a two- year, $6.1 billion spending plan for state government. The pensions compromise, which is subject to additional review, would eliminate higher contribution levels for state employees but would freeze and then cap cost-of-living adjustments for public sector workers and retirees.
A Giles County father felt the vitriol in this year's back-and- forth when the Ten Commandments were removed from the county's public schools. So Bobby Lilly found a possible compromise.
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