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Monday, August 1, 2011 12:07 AM PDT

Today's Yahoo! News - Latest News & Headlines: It's a deal: Obama, Congress will avert default Debt ceiling fix could mean problems for states Scores die as Syrian forces attack defiant cities Bomb kills 11 at police HQ in southern Afghanistan AP Exclusive: Insanity ruling not likely in Norway United DC-Cancun flight diverted to Cuba by odor Deal in sight, global markets look up to Monday 10,000 fans attend RI's Newport Folk Festival Kings of Leon vow to redo 'too hot' Dallas show Small-market teams turn buyers at trade deadline Debt deal offers only small blessings for economy White House: expiry of Bush tax cuts to spur reform Lawmakers reach into the past on budget deal U.S. holds off on post-August 2 plan for moment For Obama, Bush tax cuts shadow further debt talks Markets to rally if debt deal reached, downgrade eyed China c.bank says inflation fight a policy priority Syrians mark bleak Ramadan after 80 killed in Hama HSBC sheds U.S. branches in $1 billion First Niagara pact Lawmakers to vote on last-minute debt deal China media reins in criticism over train crash Hot weather persists in central United States Republican Boehner wants Monday vote on debt deal HSBC sheds U.S. branches in $1 billion First Niagara pact World warns of disaster if no debt deal done It's a deal: Obama, Congress will avert default Sun,31 Jul 2011 08:24 PM PDT AP - Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert the nation's first-ever financial default. Full Story Top Debt ceiling fix could mean problems for states Sun,31 Jul 2011 07:13 PM PDT AP - The cost of the compromise needed to raise the federal debt ceiling likely will inflict more fiscal pain on states still struggling to recover from the recession and the end of federal stimulus spending. Full Story Top Scores die as Syrian forces attack defiant cities Sun,31 Jul 2011 03:59 PM PDT AP - Syrian security forces backed by tanks and snipers launched a ferocious assault Sunday on defiant cities and towns, killing at least 70 people and possibly many more as the regime raced to crush dissent ahead of Ramadan. Corpses littered the streets after a surge in violence that drew widespread international condemnation. Full Story Top Bomb kills 11 at police HQ in southern Afghanistan Sun,31 Jul 2011 09:16 AM PDT AP - A suicide bomber blew himself up Sunday at the main gate of a provincial police headquarters in southern Afghanistan, killing at least 11 people in a city where Afghans have recently taken control of security. Full Story Top AP Exclusive: Insanity ruling not likely in Norway Sun,31 Jul 2011 08:31 PM PDT AP - It's unlikely that the right-wing extremist who admitted killing dozens in Norway last week will be declared legally insane because he appears to have been in control of his actions, the head of the panel that will review his psychiatric evaluation told The Associated Press. Full Story Top United DC-Cancun flight diverted to Cuba by odor Sun,31 Jul 2011 06:36 PM PDT AP - A United Airlines jetliner carrying 135 passengers from Washington to a Mexican beach resort made an unplanned landing in Cuba on Sunday after a strange odor was detected on board. Full Story Top Deal in sight, global markets look up to Monday Sun,31 Jul 2011 09:43 PM PDT AP - Investors said an agreement announced Sunday night to raise the federal government's borrowing limit staves off a possible market disaster. Full Story Top 10,000 fans attend RI's Newport Folk Festival Sun,31 Jul 2011 07:53 PM PDT AP - Blue skies and strong ticket sales blessed this year's Newport Folk Festival, two days of veteran acts and up-and-comers from a variety of musical genres. Full Story Top Kings of Leon vow to redo 'too hot' Dallas show Sun,31 Jul 2011 02:39 PM PDT AP - The Kings of Leon are promising a redo for their Dallas fans after canceling a show because their lead singer complained it was too hot to perform, leading other members to profusely apologize to the audience. Full Story Top Small-market teams turn buyers at trade deadline Sun,31 Jul 2011 07:06 PM PDT AP - and he wasn't the only player who suddenly found himself in a pennant race. Full Story Top Debt deal offers only small blessings for economy Sun,31 Jul 2011 08:22 PM PDT Reuters - WASHINGTON (Reuters) - The tentative U.S. deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. Full Story Top White House: expiry of Bush tax cuts to spur reform Sun,31 Jul 2011 07:14 PM PDT Reuters - WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform. Full Story Top Lawmakers reach into the past on budget deal Sun,31 Jul 2011 06:44 PM PDT Reuters - WASHINGTON (Reuters) - Lawmakers reached into the past to find a way to enforce future budget cuts called for in the deal to raise the nation's $14.3 trillion debt limit, but history shows these enforcement mechanisms do not always work. Full Story Top U.S. holds off on post-August 2 plan for moment Sun,31 Jul 2011 07:10 PM PDT Reuters - WASHINGTON (Reuters) - The Treasury determined that it was not necessary on Sunday to unveil plans for how the government will pay its bills if Congress does not raise the debt cap by Tuesday. Full Story Top For Obama, Bush tax cuts shadow further debt talks Sun,31 Jul 2011 10:39 PM PDT Reuters - WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures in the coming months: the expiry of Bush-era tax cuts at the end of 2012. Full Story Top Markets to rally if debt deal reached, downgrade eyed Sun,31 Jul 2011 01:01 PM PDT Reuters - NEW YORK (Reuters) - If debate in Washington over raising the U.S. debt ceiling finally ends with a deal on Sunday, the last-minute reprieve could spark a relief rally when global markets open. Full Story Top China c.bank says inflation fight a policy priority Sun,31 Jul 2011 11:42 PM PDT Reuters - BEIJING (Reuters) - China's central bank said it would keep monetary policy prudent for the rest of the year as inflation risks escalating from three-year highs if it takes its foot off the policy brakes. Full Story Top Syrians mark bleak Ramadan after 80 killed in Hama Sun,31 Jul 2011 11:04 PM PDT Reuters - AMMAN (Reuters) - Syrians began the Muslim Ramadan fast in somber mood on Monday after troops stormed into Hama, scene of a 1982 massacre, in one of the bloodiest days of a five-month-old uprising against President Bashar al-Assad. Full Story Top HSBC sheds U.S. branches in $1 billion First Niagara pact Sun,31 Jul 2011 07:20 PM PDT Reuters - NEW YORK (Reuters) - HSBC Holdings Plc said on Sunday it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others. Full Story Top Lawmakers to vote on last-minute debt deal Sun,31 Jul 2011 10:28 PM PDT Reuters - WASHINGTON (Reuters) - After months of vitriolic discord, Republican and Democratic lawmakers were expected to vote on Monday on a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented default. Full Story Top China media reins in criticism over train crash Sun,31 Jul 2011 06:47 PM PDT Reuters - BEIJING (Reuters) - China's media are curbing combative reporting of a high-speed train disaster after what observers said were orders from the ruling Communist Party's propaganda arm to stop criticism that has echoed public outrage over the tragedy. Full Story Top Hot weather persists in central United States Sun,31 Jul 2011 04:00 PM PDT Reuters - SAN ANTONIO (Reuters) - Sticky heat was expected to smother much of the country's midsection in the coming days as hotter-than-usual temperatures continued to roast parts of the Midwest and South, forecasters said on Sunday. Full Story Top Republican Boehner wants Monday vote on debt deal Sun,31 Jul 2011 06:57 PM PDT Reuters - WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans that he wants the House of Representatives to vote on Monday on a last-minute deal to raise the debt ceiling, a Republican lawmaker said on Sunday. Full Story Top HSBC sheds U.S. branches in $1 billion First Niagara pact Sun,31 Jul 2011 03:12 PM PDT Reuters - NEW YORK (Reuters) - HSBC Holdings Plc on Sunday said it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others. Full Story Top World warns of disaster if no debt deal done Sun,31 Jul 2011 02:52 PM PDT Reuters - LONDON/TOKYO, Jul (Reuters) - Governments and policy makers around the world warned of the risk of financial disaster if Washington fails to raise the U.S. debt ceiling. Full Story Top

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