MLC FLASH NEWS

February 28, 2009

Obama picks Sebelius as health secretary

Filed under: Gadgets — Reuters: Top News @ 9:19 pm

WASHINGTON (Reuters) - President Barack Obama has chosen Kansas Governor Kathleen Sebelius to be his cabinet secretary charged with helping to overhaul U.S. healthcare, a U.S. official said on Saturday.

Pakistan says wins key region on Afghan border

Filed under: Gadgets — Reuters: Top News @ 10:51 am

KHAR, Pakistan (Reuters) - Pakistani forces have defeated Islamist militants in a strategically important region on the Afghan border and expect to clear militants out of other areas by the end of the year, a commander said on Saturday.

Combative Obama vows to fight for his budget

Filed under: Gadgets — Reuters: Top News @ 5:02 am

WASHINGTON (Reuters) - A combative President Barack Obama warned on Saturday he was bracing for a fight against powerful lobbyists and special interests who sought to pick apart the $3.55 trillion budget he wants to advance his agenda of reform.

February 27, 2009

Obama sets Iraq deadline, unveils new strategy

Filed under: Gadgets — Reuters: Top News @ 9:23 pm

CAMP LEJEUNE, North Carolina (Reuters) - President Barack Obama said on Friday he would end U.S. combat operations in Iraq in 18 months but leave up to 50,000 troops there to provide stability, a decision that riled Democrats who favored a larger withdrawal.

Obama says combat operation in Iraq to end by Aug 2010

Filed under: Gadgets — Reuters: Top News @ 12:30 pm

CAMP LEJEUNE, North Carolina (Reuters) - President Barack Obama announced on Friday he would withdraw U.S. combat forces from Iraq by August 31, 2010, winding down the unpopular six-year war but leaving behind up to 50,000 troops until the end of 2011.

February 26, 2009

U.S. boosts stake in Citigroup

Filed under: Gadgets — Reuters: Top News @ 11:59 pm

NEW YORK/WASHINGTON (Reuters) - The U.S. government will boost its stake in Citigroup Inc to as much as 36 percent, bolstering the banking giant’s capital base in one of the most dramatic efforts yet to prop up the ailing banking industry.

Obama budget plan forecasts $1.75 trillion deficit

Filed under: Gadgets — Reuters: Top News @ 8:32 am

WASHINGTON (Reuters) - President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy’s freefall.

February 25, 2009

Obama budget has $634 billion health fund

Filed under: Gadgets — Reuters: Top News @ 7:23 pm

WASHINGTON (Reuters) - President Barack Obama’s budget outline for the 2010 fiscal year includes a 10-year, $634-billion reserve fund to help pay for his proposed healthcare reforms, a White House official said on Wednesday.

Existing U.S. home sales, prices drop in January

Filed under: Gadgets — Reuters: Top News @ 11:55 am

WASHINGTON (Reuters) - Sales of previously owned U.S. homes plunged in January, reversing the previous month’s surprise jump, and prices spiraled down to a six-year low as the deep recession and rising joblessness took its toll.

Turkish airliner crashes at Amsterdam airport, 9 dead

Filed under: Gadgets — Reuters: Top News @ 8:38 am

AMSTERDAM (Reuters) - A Turkish Airlines passenger plane with 135 people aboard crashed in light fog while trying to land at Amsterdam’s Schiphol airport on Wednesday, and an official said nine people were killed.

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