Ex-Cameron aide arrested in UK hacking scandal

Cameron Arrested

Prime Minister David Cameron's former connections chief and an ex-royal reporter were arrested Friday in a phone hacking and police corruption scandal that has previously toppled a major tabloid and rattled the cozy relationship among British politicians and the powerful Murdoch media empire.

The 168-year-old muckraking tabloid News of the humankind was shut down Thursday after being engulfed by allegations its journalists paid police for in sequence and hacked into the phone messages of celebrities, young murder victims and still the grieving families of dead soldiers. Its last publication daytime is Sunday.

The hacking revelations horrified both normal Britons and advertisers, who pulled their ads en masse. News International, the British limb of Rupert Murdoch's News Corp., killed the paper in hopes of saving its 12 billion pound ($19 billion) deal to take in excess of satellite broadcaster British Sky Broadcasting. But the British government on Friday signaled the agreement would be delayed as a result of the crisis.

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Lousy jobs number complicates debt deal for both Obama and GOP

Obama

June's woefully underwhelming augment in jobs is a climactic twist in the negotiations between President Obama and congressional Republicans more than federal borrowing, government debt and America's financial future.Best-case scenario, it's a Michael Bay twist: dramatic, explosive, but it all mechanism out in the end.Worst case, we're look at M. Night Shyamalan: quite jarring, and potentially very scary.

The Labor Department's report Friday morning that the financial system added just 18,000 net jobs last month, or roughly six figures under the consensus forecast from economic analysts, immediately hardened conservatives' and liberals' beliefs concerning why the recovery continues to sputter and what it needs to kick into gear. That hardening, and the political pressure with the intention of will ratchet up the length of with it, is the unwelcome twist in the endgame negotiations over raise the federal debt ceiling.

Whether his economic advisers acknowledge it or not, Obama now have got to confront new and persuasive evidence that he has, once again, overestimated the power of the recovery. The White House has said for months that the economy was past the point of needing additional help from the government, even as gas price rose and sapped consumer spending, and Japan's earthquake disrupted global trade. The president has mimicked Republicans in occupation for government belt-tightening, even as the public part steadily sheds jobs, including 39,000 more in June.

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Obama cites progress in deficit reduction talks

Obama

The White House is counting on Republican lawmakers to hold new tax revenues as part of an overarching plan to reduce long-term deficit and pave the way to add to the government's borrowing authority. White spokesman Jay Carney thought Wednesday that President Barrack Obama is confident that there are adequate lawmakers from both parties to support a deal that would reduce the debt by as more than $2 trillion over the next 10 years with expenses cuts and tax increases.

Republican leaders include been adamant in public statement that they will oppose any tax hikes."The president believes, we believe, that there are adequate members of both parties in both houses who support the idea that a big deal has to be impartial and therefore include spending cuts in the tax code," Carney said, employing a saying White House officials use to describe ending tax loopholes and tax subsidies for convinced taxpayers and corporations.

The assertion reinforced and extended on Obama's comments Tuesday that back-channel talks with congressional leaders last weekend shaped new progress in advance of a White House session Thursday on deficit reduction. While suggesting progress, Carney said no ending deal should be expected from Thursday's meeting.

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