EU Reaches Debt Deal, But Challenges Lie Ahead
European leaders met through the night in Brussels and finally emerged with a debt deal they say is wide-ranging. They're hopeful it will guide the continent out of the widening debt crisis that started with Greece. But it's unclear whether they have the political will and economic flexibility to implement it.
The Global Coal Trade's Complex Calculation
Increasing U.S. coal exports to China doesn't necessarily mean global emissions will rise. As demand abroad drives up coal prices at home, it could prompt U.S. utilities to switch to cheaper and more environmentally friendly natural gas. And that might alter the politics of climate change in the U.S., an expert says.
Deficit-Cutting Supercommittee: 'We're Not There Yet'
The 12-member supercommittee charged with finding at least $1.2 trillion in budget cuts next month met publicly for the first time in six weeks Wednesday — and agreed on little more than the fact that time is indeed growing short for them to approve a deal. Co-chairman Patty Murray, D-Wash., said a lot of hard work has been done to find common ground and agree on a balanced, bipartisan plan for deficit reduction. But, she added, "We're not there yet."
Egypt To Release Israeli-American In Prisoner Trade
Another prisoner exchange is expected in the Middle East on Thursday. Israel is freeing 25 Egyptian prisoners — mostly smugglers and drug dealers — in exchange for an Israeli-American who was detained in Egypt four months ago on suspicion of spying for Israel. Israel has denied the accusation.
Scientists Say Texas Agency Edits Out Climate Change
Scientists and conservationists accuse the state environmental agency of editing references to climate change and sea level rise out of a public report — because the agency, like Gov. Rick Perry, is skeptical of global warming.
Rangers, Cardinals Try Again For Game 6 In St. Louis
Game 6 of the World Series was postponed Wednesday, leaving fans another day to chew over what has been a very exciting fall classic for the Texas Rangers and the St. Louis Cardinals. The game was reset for Thursday night.
Regulators Issue New Rules For Hedge Funds
Starting next year, the largest hedge funds — those with more than $1.5 billion in assets — will have to reveal the location of their investments, their investing strategy and other details. The hedge funds won a couple of concessions: There's no penalty for misleading information, and the reports will only be available to regulators.