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Yahoo

Business - U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO


The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Estimates by the Congressional Budget Office kick off what promises to be a contentious budget debate in Washington this year, as Republicans now in control of Congress seek to eliminate deficits within 10 years with cuts to social safety net programs while lowering tax rates and boosting military spending. Meanwhile, President Obama and his Democrats have proposed a range of new spending and tax breaks aimed at helping middle class Americans and setting the agenda for the 2016 presidential election. The CBO report shows that the respite in deficits will be relatively short-lived, giving policy makers less breathing room to ease spending constraints or provide tax relief.


Monday, January 26, 2015  20:39

Yahoo

World - Six unprovoked shark attacks off California coast in 2014


There were six authenticated, unprovoked attacks by sharks on humans off the California coast in 2014, all of them confirmed or suspected to be by great whites, according to a shark research organization. Out of those six attacks two people, both surfers, sustained injuries, according to the Shark Research Committee in a year-end report issued on Thursday. According to the Shark Research Committee, there have been 83 shark attacks off the Pacific Coast since 2000, all but 10 of them thought to have been carried out by great whites.


Monday, January 26, 2015  20:39

Yahoo

Business - S&P downgrades Russia`s sovereign credit rating to `junk`


By Thomas Grove and Lidia Kelly MOSCOW (Reuters) - Ratings agency S&P cut Russia`s sovereign credit rating to below investment grade, or `junk` status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia`s economic growth prospects - hit by low oil prices and Western sanctions in the Ukraine crisis - had weakened. `The downgrade throws into stark relief the severity of Russia`s financial and economic crisis,` said Nicholas Spiro, managing director at Spiro Sovereign Strategy in London. `It`s going to make it more difficult for large corporate and banks to refinance themselves, at a time when ratings agencies clearly have doubts about the macroeconomic and external environment for Russia.` The downgrade marks the first time in more than 10 years that Russian sovereign debt has been rated below investment grade, in what some call `junk` territory.


Monday, January 26, 2015  20:03

CNN

World - 10 die in F-16 NATO exercise


Ten people have died after a Greek air force F-16 jet crashed at a base in Los Llanos in southeastern Spain, a senior Spanish defense official told CNN.


Monday, January 26, 2015  20:03

Yahoo

World - Ten dead, 13 injured in Greek fighter jet crash in Spain


A Greek fighter jet crashed Monday on takeoff at a military airbase in Spain housing a NATO training centre for elite pilots, killing 10 people and injuring 13, the defence ministry said. The F-16 jet `lost power` as it took off from the base near the southeastern city of Albacete and crashed into an area where other planes were parked, striking several of them, the defence ministry said in a statement. Among the injured at the NATO base were nine Italians, seven of them only lightly, Italy`s defence ministry said. The plane was taking part in NATO`s Tactical Leadership Programme, which is designed to improve multinational cooperation in air operations.


Monday, January 26, 2015  20:03

Yahoo

Business - U.S. deficit to dip in 2015, era of dramatic declines ends: CBO


The U.S. budget deficit will decline slightly to $468 billion this fiscal year from $483 billion last year, the Congressional Budget Office said on Monday in a report that marks the end to an era of dramatically falling deficits. After falling from the $1 trillion-plus levels of President Barack Obama`s first four years in office, CBO said it expects the deficit to stay largely flat in 2016 and begin a steady march upward in 2017 due to rising costs for servicing the national debt and caring for the retiring Baby Boom generation. The CBO estimates kick off what promises to be a contentious budget debate in Washington this year, as Republicans now in control of Congress seek to eliminate deficits within 10 years while lowering tax rates and boosting military spending. Meanwhile, President Barack Obama and his Democrats have proposed a range of new spending and tax breaks aimed at helping middle class Americans and setting the agenda for the 2016 presidential election.


Monday, January 26, 2015  19:27

CNN

Europe - Greek F16 crash kills 10


Ten people have died after a Greek air force F-16 jet crashed at a base in Los Llanos in southeastern Spain, a senior Spanish defense official told CNN.


Monday, January 26, 2015  19:27

Yahoo

Sports - Jury seated for ex-NFLer Hernandez`s murder trial, to begin Thursday


By Daniel Lovering FALL RIVER, Mass. (Reuters) - A Massachusetts judge on Monday completed jury selection for the trial of former New England Patriots player Aaron Hernandez on charges of killing a semiprofessional football player near his home in June 2013. Opening statements were set for Thursday in Hernandez`s trial on murder and firearms charges, which is expected to last six to 10 weeks at Fall River Superior Court in Fall River, Massachusetts. Hernandez, 25, formerly a rising star in the National Football League, is accused of killing semiprofessional football player Odin Lloyd, whose body was found in an industrial park near Hernandez`s North Attleborough, Massachusetts, home on June 17, 2013.


Monday, January 26, 2015  19:27

Yahoo

Business - S&P downgrades Russia`s sovereign credit rating to below investment grade


Ratings agency S&P said on Monday it had cut Russia`s sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia`s economic growth prospects have weakened. S&P had warned in late December that it could deprive Russia of its investment-grade credit rating as soon as mid-January, following a rapid deterioration of the country`s monetary flexibility and a weakening economy. The downgrade, from BBB- to BB+, marks the first time in more than 10 years that Russian sovereign debt has been rated below investment grade, in what some call `junk` territory. It could not only harm Russia`s image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules preventing them from buying anything not classed as investment grade.


Monday, January 26, 2015  18:51

CNN

Top Stories - F16 crash kills 10


Ten people have died after a Greek air force F-16 jet crashed at a base in Los Llanos in southeastern Spain, a senior Spanish defense official told CNN.


Monday, January 26, 2015  18:51

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