Content Section
  1. Don't Say Taxes Republicans Open to 'Raising Revenue' Brendan Smialowski / Getty Images

    Republicans Open to 'Raising Revenue'

    Say "raise revenue," but don't mention taxes: Republicans said they may be open to new revenue-raising measures in an effort to end the ongoing clash over the national debt. Senator McCain spoke for the party on CNN’s “State of the Union,” saying Republicans will consider tax reform that could potentially close some loopholes, but remain staunchly opposed to hikes. The GOP also said they would also consider a short-term plan because of the extreme time limitations on reaching a deal. “The problem with a mini-deal is we have a maxi problem,” Texas Senator John Cornyn said. “And the big problems aren’t going to go away if you cut a mini deal. All it does is delay the moment of truth. And so I’d say better now than then. But if we can’t, then we’ll take the savings we can get now, and we will relitigate this as we get closer to the election.”

    July 3, 2011 8:44 PM

  2. Limbo Source: Judge Weighs Dropping DSK Charges Todd Heisler / Getty Images

    Source: Judge Weighs Dropping DSK Charges

    No decision has been made about whether to drop the charges against Dominque Strauss-Kahn, sources close to the investigation tell CNN. The statement comes days after DSK was released from house arrest following prosecutors’ questioning of the accuser’s credibility. The 32-year old Guinean hotel maid maintains that she was raped. However, a phone call to her boyfriend in an Arizona jail suggests other possibilities. Another source tells CNN that the accuser said, "She’s fine, and this person is rich, and there’s money to be made." The former IMF chief’s next court appearance is scheduled for July 18th.

    July 3, 2011 5:54 PM

  3. Spill Exxon Pipe Breaks in Yellowstone River Larry Mayer, The Billings Gazette / AP Photo

    3. Exxon Pipe Breaks in Yellowstone River

    Another summer, another broken oil pipe. Up to 1,000 barrels of crude oil flowed into Montana's Yellowstone River when an ExxonMobil pipe beneath the riverbed broke Saturday. Cleanup crews deployed booms and absorbent material as the plume traveled downstream, but some of the oil flowed underneath the blockages. Nearby residents were told to evacuate temporarily out of fear of an explosion and the powerful fumes. ExxonMobil says the pipe has now been shut down and that they're sending a team to clean up the mess.

    July 3, 2011 8:36 AM

  4. Scorcher Record-breaking Heat Across Much of U.S. Manuel Balce Ceneta, File / AP Photo

    4. Record-breaking Heat Across Much of U.S.

    It may be too hot for a picnic this weekend across much of the United States. The temperature in Phoenix broke a 10-year record yesterday when it reached 116 degrees, and it's expected to continue today. About 4,000 homes in the city were without power after a monsoon toppled power lines. The National Weather Service issued heat advisories in the San Francisco Bay area, where temperatures are expected to go as high as 105. Illinois and Missouri also have heat advisories. Ski resorts in California and Colorado are taking advantage of the sudden heat, opening for the weekend to allow swimsuit-clad skiers to play on what remains of the snowpack.

    July 3, 2011 1:05 PM

  5. DETAINED Greece Jails U.S. Flotilla Captain Darko Bandic / AP Photo

    5. Greece Jails U.S. Flotilla Captain

    Greek authorities on Saturday arrested the American captain of a boat in the flotilla that had planned to set sail for Gaza in protest of the Israeli naval blockade. A judge said that the boat, The Audacity of Hope, was not carrying proper safety equipment and charged captain John Klusmire with a felony, for allegedly "disturbing sea traffic and endangering passengers.” After waiting a week for authorization, the flotilla had decided to set sail without it, but after 20 minutes the American boat was stopped and escorted back.

    July 3, 2011 8:33 AM

  6. Tragic

    Pennsylvania Shooting Spree Kills 2

    A 2-year-old boy and 43-year-old man were slain Saturday at a home in a wooded area about 50 miles northwest of Philadelphia. The boy’s mother, Kathryn Erdmann, 37, and homeowners Paul Shay, 64, and Monica Shay, 58, were all left in critical condition. Police were alerted at 10:30 pm by a 911 call from Erdmann. No suspects are in custody.

    July 3, 2011 8:51 PM

  7. Tennis Djokovic Wins Wimbledon Alastair Grant / AP Photo

    7. Djokovic Wins Wimbledon

    Novak Djokovic's ascension is complete. After taking the No. 1 ranking from Rafael Nadal by making it to the Wimbledon finals, the Serbian tennis star won the the crown, beating the Spaniard 6-4, 6-1, 1-6, 6-3. Djokovic converted his first break point to take the first set, then broke Nadal again in the second game of the second set and again in the sixth game, giving him the lead. Nadal came back in the third set but lost in the fourth. Djokovic has now won five straight matches against Nadal.

    July 3, 2011 11:56 AM

  8. Finally Casey Anthony Saga Comes to a Close Red Huber / Getty Images

    8. Casey Anthony Saga Comes to a Close

    After seven weeks, the Casey Anthony is coming to a close. The defense and prosecutors made their closing arguments in what became a heated exchange. Judge Belvin Perry declared that both attorneys had violated courtroom behavioral codes. Both later apologized. Defense lawyer Jose Baez was forbidden from raising sexual abuse claims, following earlier allegations that Casey has been sexual abused by her father since age 8. The defense declared that Caylee had accidently drowned in a pool before she was discovered by her grandfather, George. He denies the claims. Prosecutors pointed to evidence of premeditation, including Internet searches such as “chloroform” and “neck-breaking” found at the Anthony home. If declared guilty, Casey will face life in prison or the death penalty.

    July 3, 2011 8:44 PM

  9. Independence Day Firework Bans Lifted for Tax Revenue Lisa Kunkel / AP Photo

    9. Firework Bans Lifted for Tax Revenue

    Setting of fireworks is now patriotic in more ways than one: It can help put your local government's budget in the black. As cities and counties around the country struggle to make ends meet, many are lifting old restrictions on fireworks. A 65-year-old ban in Hawkins Country, Tenn., was lifted in the hopes it would generate as much as $200,000 in annual permit fees and sales tax revenue. Pennsylvania is trying to balance safety with revenue by allowing only non-Pennsylvanians to buy heavy duty fireworks. The industry generated $925 million in sales in 2010.

    July 3, 2011 8:49 AM

  10. Box Office 'Transformers' Earns $372M Photo Credit: Robert Zuckerman

    'Transformers' Earns $372M

    Transformers: Dark of the Moon has landed as the third-best worldwide debut of all time, grossing $372 million through Sunday. Only 2009's Harry Potter and the Half-Blood Prince, with $394 million, and 2007's Spider-Man 3, at $382 million, have scored better. Domestically the latest Transformers earned $162 million, far ahead of the second-place movie, Pixar's Cars 2, which earned $25.1 million in its second weekend. Another holdover is the Cameron Diaz comedy Bad Teacher, which grossed $14.1 million through Sunday.

    July 3, 2011 2:59 PM

  11. HELPING HAND Banks Ease Loans for Homeowners Matt Rourke / AP Photo

    11. Banks Ease Loans for Homeowners

    Cutting mortgage balances is supposedly so rare that Federal Reserve economists said in March they couldn't find any evidence lenders were doing it. But now J.P. Morgan Chase and Bank of America are easing loans for tens of thousands of borrowers who aren't even in default. The unsolicited modified loans help homeowners deemed to be at special risk, and the banks hope reducing negative equity would spark a housing recovery.

    July 3, 2011 8:47 AM

  12. POLL French: DSK Should Return to Politics Stan Honda / AFP / Getty Images

    12. French: DSK Should Return to Politics

    According to a poll conducted by the French daily Le Parisien from Friday to Saturday, 49 percent of the people surveyed said that Strauss-Kahn should one day return to politics "without prejudging his innocence or guilt" on charges of sexual assault and attempted rape of a hotel maid in New York on May 14. But 45 percent said the former IMF chief, who had been slated to be the future frontrunner for the French presidency, should not return to politics. Among Strauss-Kahn’s own party, the Socialists, 65 percent said he should return to politics, and another 55 percent said they want the deadline extended for the date that a candidate could enter the primaries—so they can better familiarize themselves with Strauss-Kahn.

    July 3, 2011 8:38 AM

  13. ELECTIONS Thai Government Concedes Vincent Yu / AP Photo

    13. Thai Government Concedes

    The Thai government conceded the election Saturday as the opposition party—despite its leader, Thaksin Shinawatra, living in exile—prepared to take power Monday. The party, now led by Thaksin's sister, Yingluck Shinawatra, prepared for her to take over as the country's first female Prime Minister. Her brother said in an interview from Dubai that he wanted to return to Thailand, “but will wait for the right moment.” Both sides have promised to abide by the election's results, but the last few years have seen violent clashes between the two groups. The military, which ousted Thaksin in a 2006 coup, has promised not to intervene this time.

    July 3, 2011 8:44 AM

  14. LIBYA Turkish Minister Visits Rebels Sergey Ponomarev / AP Photo

    Turkish Minister Visits Rebels

    Turkey’s foreign minister visited the Libya rebels who are attempting to oust embattled leader Col. Muammar Gaddafi, promising an additional $200 million in aid. Foreign Minister Ahmet Davutoglu visited rebel-stronghold Benghazi on Sunday and he is scheduled to meet with rebel leader Mustafa Abdel-Jalil later in the day. France, Italy and Qatar have also recognized the rebel government, but Turkey represents a strong strategic alley for the rebels, given Turkey’s longtime ties with Gaddafi and strong trading interest with Libya.

    July 3, 2011 2:53 PM

  15. Karma Helmet Protester Dies from Head Injury AP Photo

    15. Helmet Protester Dies from Head Injury

    A biker was killed Saturday while protesting New York’s state law requiring helmet use. 55-year old Phillip A. Contos was riding with others in Upstate New York when he flipped over the handlebars of his 1983 Harley Davidson, striking his head on the pavement. The ride was organized by ABATE (American Bikers Aimed for Education), but the group is unsure if Contos was a member. Police report that, had he worn a helmet, he probably would have survived.

    July 3, 2011 5:04 PM

  16. Real Estate Tenants Flock to Bulger’s Pad Damian Dovarganes / AP Photo

    16. Tenants Flock to Bulger’s Pad

    Apparently the three rules of real estate are location, location, and a link to a notorious crime boss. The property manager for James “Whitey” Bulger’s Los Angeles apartment has been inundated with calls from prospective tenants. He says he's received between 100 and 200 requests since the highly publicized arrest. Aside from the historical aura of the apartment, people fantasize that they may find more money buried in the walls—Bulger had more than $800,000 and 30 guns stashed away. Bulger was getting a great deal: $1,145 in an area where rents are typically double or triple that. The owner of the management company has vowed to hike up the rent for the new tenant—and do a more thorough background check.

    July 3, 2011 9:02 AM

  17. ROYAL PAINS Will and Kate Heckled in Montreal Charlie Riedel / AP Photo

    18. Will and Kate Heckled in Montreal

    Not all Canadians were enamored with Prince William and Duchess Catherine, after all. After drawing adoring crowds in the capital, Ottawa, the newlyweds were heckled by protesters in Montreal minutes after their arrival Saturday. Small groups of demonstrators called the royal couple "parasites”—apparently angry the Canadian government has to foot the $1.5 million bill for the visit. William and Kate are in Quebec City Sunday, the heart of the separatist movement, where more protests are planned.

    July 3, 2011 8:59 AM

  18. Longshot Thaddeus McCotter to Run for President Lon Horwedel / AP Photo

    19. Thaddeus McCotter to Run for President

    Watch out, Herman Cain, there's a new contender for "GOP candidate with the best name." Michigan Rep. Thaddeus McCotter announced his bid for the 2012 Republican presidential nomination on Saturday at an Independence Day rock festival outside Detroit. “What we need in Washington is someone who knows the future is not big government—it is self government,” he told the crowd as he played with his band. McCotter, a five-term congressman from the Detroit suburbs, is a supporter of the car industry and proponent of the auto bailout, though he has since made overtures to the Tea Party with calls for a fundamental restructuring of government.

    July 3, 2011 8:42 AM