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Top News & Analysis Washington DC

  • SEATTLE-- A relatively obscure tax plan to equalize the way Washington homeowners pay for public schools got some time under the spotlight as the candidates for governor debated its merits.

  • *IIF says Greece needs lenience from "troika". Charles Dallara, the managing director of the Institute of International Finance, said Greece would be unable to rein in its sky-rocketing budget deficit without economic growth and needed more lenience from its "troika" of international lenders.

  • *Next report, for October, just before Election Day. WASHINGTON, Oct 4- President Barack Obama has survived months of lackluster reports on the nation's unemployment with little effect on his approval ratings or his poll lead over Republican rival Mitt Romney, but that could change on Friday.

  • WASHINGTON, Oct 4- President Barack Obama and Republican challenger Mitt Romney praised the deficit-cutting framework known as Simpson-Bowles in their debate on Wednesday, but neither candidate has embraced the politically unpopular choices put forward in the plan.

  • 0830/ 1230: The Labor Dept. issues Employment Situation for September. 1300/ 1700: NEW YORK- Federal Reserve Board Governor Elizabeth Duke speaks on "Neighborhood Stabilization" in an event held at and hosted by the Federal Reserve Bank of New York. 1500/ 1900: The Federal Reserve releases a report on consumer installment credit for August.

  • WASHINGTON, Oct 4- State Street Corp and Bank of New York Mellon Corp have submitted their living wills to banking regulators, the Federal Reserve announced on Thursday. Nine of the largest U.S. banks submitted their plans by a July deadline, including Bank of America Corp and Citigroup Inc.

  • WASHINGTON, Oct 4- The U.S. Treasury Department on Thursday said a net $1.069 billion of government securities were stripped in September. The Treasury said $9.07 trillion in securities were eligible for stripping in September. Of the total, $191.748 billion were held in stripped form on Sept. 30, compared with $190.679 billion at the end of the prior month.

  • Two people blinded in Washington, D.C., in 2005. Three dead in Virginia in 2006 and three more in Oregon the following year. Twenty-one dead polo horses in Florida in 2009. Earlier this year, 33 people in seven states with fungal eye infections. Unlike manufactured drugs, these products are not subject to approval by the Food and Drug Administration.

  • WASHINGTON, Oct 4- Hiring by U.S. small businesses weakened in September for a third straight month, weighed down by economic uncertainty, suggesting lackluster job gains in the overall economy. The National Federation of Independent Business said the net change in employment per firm slipped 0.23 last month after declining 0.05 in August.

  • "Saturday Night Live," Jimmy Fallon, Piers Morgan, the "Today" show and "Good Morning America" all asked for appearances from the "Sesame Street" character on Thursday after he was unexpectedly thrust into the presidential campaign by Mitt Romney.

  • WASHINGTON-- The Federal Reserve structured its latest stimulus program around the purchase of mortgage bonds after members agreed that helping a nascent housing recovery was a good way to lift the broader economy. The Fed has already purchased more than $2 trillion in bonds since the 2008 financial crisis.

  • WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.

  • WASHINGTON, Oct 4- Ninety-one people including doctors, nurses and other medical professionals have been charged with committing $430 million in Medicare fraud in seven U.S. cities, authorities said on Thursday. The announcement marks the latest case in a concerted crackdown against Medicare fraud by an interagency Medicare fraud strike force.

  • WASHINGTON-- The AFL-CIO says it has registered more than 450,000 new voters from union households over the past 18 months, part of an ambitious push to swell the ranks of Democratic-leaning voters and help President Barack Obama win reelection.

  • WASHINGTON, Oct 4- State Street Corp and Bank of New York Mellon Corp have submitted their living wills to banking regulators, the Federal Reserve announced on Thursday. Nine of the largest U.S. banks submitted their plans by a July deadline, including Bank of America Corp and Citigroup Inc.

  • WASHINGTON, Oct 4- Ninety-one people including doctors, nurses and other medical professionals have been charged with committing $430 million in Medicare fraud in seven U.S. cities, authorities said on Thursday.

  • WASHINGTON, Oct 4- The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, a hopeful sign the job market is still on the mend.

  • BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.

  • WASHINGTON, Oct 4- State Street Corporation. and Bank of New York Mellon Corp have submitted living wills to banking regulators, the Federal Reserve announced on Thursday. Nine banks had already submitted their plans, including Bank of America Corp and Citigroup Inc.

  • WASHINGTON-- Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders dropped 5.2 percent in August, the biggest decline in more than three years.