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Wednesday, March 2, 2011 12:00 AM PST

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Today's Front Page News: Gov't shutdown averted as House votes $4B cuts Gadhafi forces retake towns near Libyan capital Wis. governor proposes deep cuts for schools Yemeni president says US and Israel behind unrest Gunmen kill Pakistan religious minorities minister Army's new fitness tests add taste of battlefield Ex-Goldman director charged with insider trading HSBC halts US foreclosures over paperwork errors NJ congressman tops 'Jeopardy' computer Watson Bonds' perjury trial taking shape West flexes military muscle, Gaddafi defiant House passes bill to avert government shutdown Apple set to unveil new iPad, with or without Jobs Christian Pakistani minister shot dead in Islamabad Wisconsin governor unveils deep spending cuts SEC charges ex-Goldman director in insider case Top Obama aide rejects CEO's anti-business charge Bernanke says costly oil no threat to U.S. economy West argues over no-fly zone in Libya US, S.Korea to discuss N.Korea nuclear programme Gov't shutdown averted as House votes $4B cuts Tue, 1 Mar 2011 10:48 pm PST AP - The House passed emergency short-term legislation Tuesday to cut federal spending by $4 billion and avert a government shutdown. Senate Democrats agreed to follow suit, handing Republicans an early victory in their drive to rein in government. Full Story Top Gadhafi forces retake towns near Libyan capital Tue, 1 Mar 2011 10:49 pm PST AP - Moammar Gadhafi's forces battled poorly armed rebels Tuesday for control of towns near the capital trying to create a buffer zone around his seat of power. The increasingly violent clashes threatened to transform the 15-day popular rebellion in Libya into a drawn-out civil war. Full Story Top Wis. governor proposes deep cuts for schools Tue, 1 Mar 2011 05:55 pm PST AP - After focusing for weeks on his proposal to strip public employees of collective bargaining rights, Gov. Scott Walker on Tuesday presented his full budget — a plan that cuts $1 billion in aid to public schools and local government but avoids any tax or fee increases, furloughs or widespread layoffs. Full Story Top Yemeni president says US and Israel behind unrest Tue, 1 Mar 2011 03:36 pm PST AP - Yemen's embattled president on Tuesday accused the U.S., his closest ally, of instigating the mounting protests against him, but the gambit failed to slow the momentum for his ouster. Full Story Top Gunmen kill Pakistan religious minorities minister Tue, 1 Mar 2011 11:06 pm PST AP - Gunmen shot and killed Pakistan's government minister for religious minorities on Wednesday, the latest attack on a high-profile Pakistani figure who had urged reforming harsh blasphemy laws that impose the death penalty for insulting Islam. Full Story Top Army's new fitness tests add taste of battlefield Tue, 1 Mar 2011 05:54 pm PST AP - Sit-ups don't make a soldier, the Army has decided. So its 30-year-old fitness requirements are getting a battlefield-inspired makeover. Full Story Top Ex-Goldman director charged with insider trading Tue, 1 Mar 2011 03:37 pm PST AP - Depicting moment-to-moment detail, the Securities and Exchange Commission on Tuesday laid out civil fraud charges linking a former Goldman Sachs board member to the biggest hedge fund insider-trading case ever. Full Story Top HSBC halts US foreclosures over paperwork errors Tue, 1 Mar 2011 06:28 pm PST AP - HSBC Holdings PLC is suspending foreclosures in the U.S. after a government review of the lender's procedures revealed problems with the way it handled some home repossessions. Full Story Top NJ congressman tops 'Jeopardy' computer Watson Tue, 1 Mar 2011 08:06 pm PST AP - Turns out it really does take a rocket scientist to beat Watson, the "Jeopardy"-winning computer. Full Story Top Bonds' perjury trial taking shape Tue, 1 Mar 2011 04:30 pm PST AP - Barry Bonds' former personal trainer is facing prison and a judge admitted a trove of evidence while the admissibility of still more hangs in the balance after a pivotal hearing in federal court Tuesday, three weeks before the slugger's trial is scheduled to start. Full Story Top West flexes military muscle, Gaddafi defiant Tue, 1 Mar 2011 11:26 pm PST Reuters - American warships will pass through the Suez Canal on their way to waters off Libya on Wednesday as Western nations exert pressure on Muammar Gaddafi to halt a bloody crackdown and step down. Full Story Top House passes bill to avert government shutdown Tue, 1 Mar 2011 05:13 pm PST Reuters - The House of Representatives on Tuesday voted to extend government funding for two more weeks, a move that would avert a federal shutdown but do nothing to resolve a bitter debate over the federal budget. Full Story Top Apple set to unveil new iPad, with or without Jobs Tue, 1 Mar 2011 10:36 pm PST Reuters - More than a year after igniting the tablet computing craze, Apple Inc prepares to unveil the second version of its blockbuster iPad on Wednesday -- possibly minus lead showman Steve Jobs. Full Story Top Christian Pakistani minister shot dead in Islamabad Tue, 1 Mar 2011 11:19 pm PST Reuters - Pakistani Minister for Minorities Shahbaz Bhatti, who has been calling for changes in the country's controversial blasphemy law, was killed in a gun attack in Islamabad on Wednesday, a hospital official said. Full Story Top Wisconsin governor unveils deep spending cuts Tue, 1 Mar 2011 05:30 pm PST Reuters - Wisconsin Republican Gov. Scott Walker unveiled a budget that makes deep cuts in spending on Tuesday, and he said the cuts could be even worse if Democrats continue to block his plan to curb the power of public sector unions. Full Story Top SEC charges ex-Goldman director in insider case Tue, 1 Mar 2011 03:22 pm PST Reuters - A former Goldman Sachs Group Inc director leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged. Full Story Top Top Obama aide rejects CEO's anti-business charge Tue, 1 Mar 2011 05:42 pm PST Reuters - A top aide to President Barack Obama pushed back hard on Tuesday against an accusation that the president was "anti-business," bluntly calling out Obama's critic by name. Full Story Top Bernanke says costly oil no threat to U.S. economy Tue, 1 Mar 2011 02:28 pm PST Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the surge in oil prices is unlikely to hurt the U.S. economy unless it is sustained, even as investors sold off equities on fears of a slowdown. Full Story Top West argues over no-fly zone in Libya Tue, 1 Mar 2011 11:09 pm PST AFP - Western powers argued over imposing a proposed no-fly zone over Libya as rebels fighting Moamer Kadhafi's regime began organising the trappings of parallel government in many towns. Full Story Top US, S.Korea to discuss N.Korea nuclear programme Tue, 1 Mar 2011 07:20 pm PST AFP - Senior US and South Korean officials will hold talks Wednesday on North Korea's newly disclosed uranium enrichment programme and possible sanctions, the foreign ministry said. Full Story Top

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