Yahoo! News: Top Stories
Top Stories


Fed plans new rules to protect future homebuyers (AP)

AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.

Iraq presses US on timeline for troop pullout (AP)

AP - Iraqi officials stepped up pressure on the United States on Tuesday to agree to a specific timeline to withdraw American forces, a sign of the government's growing confidence as violence falls.

Obama denies shifting to reach political center (AP)

AP - Asked by a voter about accusations of flip-flopping, Democrat Barack Obama dismissed the notion Tuesday that he has shifted stances on Iraq, guns and the death penalty to break with his party's liberal wing and court a wider swath of voters.

Study group: 1973 war powers legislation should be replaced (AP)

AP - The next time the president goes to war, Congress should be consulted and vote on whether it agrees, according to a bipartisan study group chaired by former secretaries of state James Baker III and Warren Christopher.

Dry, hot weather threatens California fire gains (AP)

AP - Firefighters on Tuesday faced worsening weather conditions that pushed flames across firebreaks in parts of inland California and chased residents out of one small community.

From bull semen to bras, Iran still buys American (AP)

AP - Nuclear weapons? No way. But there are plenty of items on Iran's shopping list the United States is more than happy to supply: cigarettes, brassieres, bull semen and more.

Ka-ching! Consumers borrow mostly on credit cards (AP)
AP - Consumers boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases.

Stocks rise on decline in oil, Bernanke talk (AP)

AP - Wall Street finished sharply higher Tuesday as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.

NY psychiatrist: Brinkley, Cook need therapy (AP)

AP - Christie Brinkley should get custody of her two youngest children — but she and her narcissistic husband both need therapy, a court-appointed psychiatrist said Tuesday at their divorce trial.

Imprisoned Vick files for bankruptcy protection (AP)

AP - Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors.

Obama rejects charges of flip-flopping (Reuters)

Reuters - Democratic presidential hopeful Barack Obama rejected charges on Tuesday that he has shifted positions on Iraq and other issues as part of a move to the center now that he is his party's nominee.

G8 set for showdown with poorer states over climate (Reuters)

Reuters - Big emerging economies will come under pressure on Wednesday to respond in kind to an initiative by rich countries to work towards a target of at least halving their global greenhouse gas emissions by 2050.

Fed may keep open lifeline to financial firms (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.

Iraq insists on U.S. withdrawal timetable (Reuters)

Reuters - Iraq will not accept any security agreement with the United States unless it includes dates for the withdrawal of foreign forces, the government's national security adviser said on Tuesday.

U.S., Czechs missile deal upsets Moscow (Reuters)

Reuters - The United States signed a pact on Tuesday to build part of a U.S. missile defense shield in the Czech Republic, prompting neighboring Russia to warn it will react with military means if the shield is deployed.