Protesters burn a portrait of Libyan leader Moammar Gadhafi and copies of his Green Book outside the Libyan Embassy in Ankara. Turkey, on Monday, Aug. 22, 2011. Libyan rebels taken many parts of the Libyan capital Tripoli as they try to oust Gadhafi.
Credit Adem Altan / AFP/Getty Images
Libyan rebels have claimed control of parts of the capital Tripoli, but big questions remain about the future of the country and the fate its longtime leader Moammar Gadhafi.
The whereabouts of Gadhafi, as of Monday, remained unknown.
David Mack is a former U.S. diplomat who served throughout the Middle East, including a posting in Libya. He says he believes Gadhafi could very well seek asylum for himself and his family in a country like Russia.
<strong>$14.4 trillion and counting: </strong>The National Debt Clock, a billboard-size digital display showing the increasing U.S. debt, is seen in New York City on Aug. 1.
Credit Andrew Burton / Getty Images
The news this summer is teeming with trillions. The national debt is more than $14 trillion. In a recent report, the credit rating agency Moody's says the 1,600-plus U.S.-based companies it rates harbored some $1.2 trillion in cash at the end of 2010. The newly minted congressional supercommittee is charged with finding ways to pare the federal deficit by at least $1.2 trillion in the next decade.
President Bill Clinton signed a historic overhaul of the nation's welfare system into law on Aug. 22, 1996. Now, some states are seeing drops in welfare cases even as the the U.S.' unemployment rate spiked. That's according to a new Urban Institute report. Host Michel Martin explores the past and present state of welfare with activist Barbara Ehrenreich and former RNC Chairman Michael Steele.
We now know exactly how much banks and financial institutions borrowed from the Federal Reserve during 2008 financial crisis — $1.2 trillion. According to Bloomberg, that's enough $1 bills to fill "539 Olympic-size swimming pools."
The biggest borrower, Morgan Stanley, got $107.3 billion, Citigroup and Bank of America followed close behind with $99.5 billion and $91.4 billion respectively.
The U.S.stock market re-opens this morning after four straight weeks of losses. Traders remain concerned about the European debt situation and fears that the U.S. is headed toward another recession. Wall Street Journal MarketWatch columnist David Weidner says don’t expect any major gains in the market over the next several weeks.
Officials from the Environmental Protection Agency were in eastern Kentucky last week to meet with residents of four communities affected by coal mining. But as those residents shared their stories and concerns, the coal industry criticized the trip as one-sided and anti-coal.