Security | MyFOX Spokane

US Treasury to take steps to avoid borrowing limit

Submitted by Fox First at Ten on December 26th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The U.S. Treasury Department will begin taking steps on Friday to delay hitting the government's $16.4 trillion borrowing limit on Dec. 31. Treasury Secretary Timothy Geithner said in a letter Wednesday to congressional leaders that

Retailers pull stocks lower on poor holiday sales

Submitted by Fox First at Ten on December 26th

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - For the stock market, this week hasn't been the most wonderful time of the year. U.S. stocks fell Wednesday for the third trading day in a row. Disappointing holiday sales weighed heavy on retail companies, and the unwelcome "fiscal cliff"

C. African Republic neighbors to send help

Submitted by Fox First at Ten on December 26th

By HIPPOLYTE MARBOUA and YVES LAURENT GOMAAssociated Press BANGUI, Central African Republic (AP) - Central African Republic's neighbors agreed on Friday to dispatch a contingent of soldiers to intervene in the troubled country, where a coalition of rebel groups is seeking to overthrow the

Syrian minister leaves Beirut for fear of arrest

Submitted by Fox First at Ten on December 26th

By BASSEM MROUEAssociated Press BEIRUT (AP) - Syria's wounded interior minister cut short his treatment at a Beirut hospital Wednesday and returned home for fear of being arrested by Lebanese authorities, while Syria's chief of military police defected to the opposition, becoming one of the

Over the fiscal cliff: What kind of landing?

Submitted by Fox First at Ten on December 26th

By CONNIE CASSAssociated Press WASHINGTON (AP) - Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama