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Top News & Analysis Washington DC

  • WASHINGTON, Oct 24- General Dynamics Corp on Wednesday said uncertainty about future U.S. defense budgets affected government orders in its shorter-cycle businesses in the third quarter, driving the number of bids awaiting awards to record levels.

  • LONDON, Oct 24- Gold prices hovered near a seven-week low on Wednesday as a weak reading of the German economy lifted the dollar versus the euro, while dealers awaited the U.S. Spot gold was at $1,708.90 an ounce at 1023 GMT against $1,708.09 late in New York on Tuesday, while U.S. gold futures for December delivery were up 30 cents an ounce at $1,709.70.

  • WASHINGTON-- Environmental groups say they plan to petition the federal Environmental Protection Agency to require toxic chemical release reporting for the oil and gas industry.

  • WASHINGTON-- U.S. sales of new homes likely rose at a steady pace in September after a slight dip the previous month, further evidence that the housing market is steadily improving. Economists forecast that sales of new homes increased 2.4 percent to a seasonally adjusted annual rate of 382,000 last month, according to a survey by FactSet.

  • DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.

  • A proposed settlement of a national class-action lawsuit, filed Oct. 16 in U.S. District Court in Vermont, says the government will revise its Medicare manual to make benefits available when care would only ``maintain the patient's current condition or... prevent or slow further deterioration''.

  • WASHINGTON, Oct 23- The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, a top Democrat on the Senate Energy Committee, said on Tue sday.

  • But Jay Carney, the president's press secretary, said it was only a restatement of his long-held position that the cuts were ``never meant to be implemented'' and that Obama is confident Congress will avoid them. ``First of all, the sequester is not something that I've proposed,'' he said. ``It is something that Congress has proposed.

  • WASHINGTON, Oct 23- The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, Senator Ron Wyden, a top Democrat on the Senate Energy Committee, said on T ues day.

  • Scott Davis, the Army official who overseas ground combat vehicle programs such as the BAE Systems Plc's Bradley Fighting Vehicles and General Dynamics Corp's Abrams tank, said only ``a handful'' of companies had left the weapons sector so far, but the Army needed more information to prevent future gaps in critical capabilities.

  • 'Unpresidential' Cheap Shots

    Discussing Monday night's presidential debate, and the candidates¿ position on take-home pay, with Robert Reich, Former Labor Secretary; Keith Boykin, Former Clinton White House aide; James Pethokoukis, American Enterprise Institute; and Jennifer Rubin, Washington Post.

  • *Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro tumbled against the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.

  • NEW YORK- Global shares slide more than 1 percent and the euro falls as a slew of weak U.S. corporate earnings results and credit rating downgrades of several indebted regions of Spain triggered a new round of fears over the global economy (MARKETS-GLOBAL/, moving shortly, by Angela Moon, 1,050 words).

  • The Dow Jones industrial average posted its biggest point drop since June, shedding about 220 points, as large multinational companies including Dupont and United Technologies reported disappointing profits and earnings outlook.

  • WASHINGTON, Oct 23- President Barack Obama caught Capitol Hill by surprise with his comment that automatic spending cuts looming in January ``will not happen,'' kindling hope among Democrats but doubt among Republicans that he has a viable plan to replace them.

  • WASHINGTON, Oct 23- Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.

  • NEW YORK, Oct 23- Global shares and the euro tumbled on Tuesday after a slew of weak U.S. corporate earnings results and credit ratings downgrades of several indebted regions of Spain.

  • A proposed settlement of a national class-action lawsuit, filed Oct. 16 in U.S. District Court in Vermont, says the government will revise its Medicare manual to make benefits available when care would only ``maintain the patient's current condition or... prevent or slow further deterioration''.

  • Scott Walker spent months and millions of dollars on ads in the divisive recall election telling Wisconsin voters that the state is on the economic upswing _ a strong dose of good news that even Mitt Romney backers acknowledge helps the incumbent, President Barack Obama.

  • *Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro plunged versus the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.