Echoing what Fitch Ratings said yesterday, Moody's Investor Service said it is keeping a triple-A credit rating for the United States. Bloomberg reports that the announcement also came with a warning that a downgrade is still possible if the country doesn't take on debt reduction:
Social service agencies that have long received funds from United Way of the Bluegrass this year lost that support. Funding cuts have programs at organizations like the Salvation Army and Catholic Charities scrambling for cash. United Way, with collects donations and then distributes the funds among such charities, has narrowed the list of programs that qualify.
People sometimes spend six months hiking the Appalachian trail, but Jennifer Pharr Davis hiked the whole thing in record time: from Maine to Georgia in just under 46 1/2 days, beating the old record by about a day. She walked more than 2,000 miles, about 47 miles per day — and spotted 36 bears.
Longtime fan King Abdullah II is putting up $1.5 billion for the Star Trek-themed park, beckoning fellow Trekkies to a place where few have gone before: a town on the Red Sea. It's a new frontier for a king who's actually been on board the starship USS Voyager — during a cameo on the show in the '90s.
For several GOP lawmakers, the decision on whether to vote for the debt deal hinged on how the prescribed cuts will affect defense spending. In the end, enough Republicans in the House put their concerns about cutting the deficit over their concerns about cutting defense spending.
But no one really knows how much the Pentagon will have to cut as a result of the deal or when.
"We are in uncharted territory here," said David Berteau, an expert on budgetary issues with the Center for Strategic and International Studies.
With the fight over the U.S. debt ceiling finally over, investors are free again to focus on all the economic challenges that lie ahead, but they are finding little reason to celebrate. Stock markets around the world fell sharply on Tuesday, skipping the "relief rally" that customarily follows the resolution of a crisis.
In the United States, signs of a serious economic slowdown had been building up, though with attention focused on the debt-ceiling debate, the news had apparently not yet sunk in.
The rise of fracking as a method for extracting natural gas from shale rock has triggered demand for a key ingredient in the process: silica sand. In parts of the upper Midwest, there's been a rush to mine this increasingly valuable product.
Jim Dickson, the CEO of Copper Queen Community Hospital in Bisbee, Ariz.
Credit Jenny Gold for NPR
Mayor Jack Porter arrived at the only post office in Bisbee, Ariz., on a red motorcycle. Getting off, he walked with a slight limp, the only lingering effect of a frightening morning last July when he awoke with numbness in his right side and slurred speech.
The paramedics had rushed him to the only emergency room in rural Bisbee at the Copper Queen Community Hospital. There, doctors determined he was having a stroke and gave him tPA, a clot-busting drug that, when administered within a tight timeframe, can minimize a stroke's effects.
The P-3B NASA research aircraft, seen on the tarmac at Baltimore Washington International Airport on June 28, will gather data as it flies spirals over six ground stations in Maryland.
Credit Paul E. Alers / NASA
NASA, the agency best known for exploring space, is trying to answer some urgent questions about air pollution right here on Earth.
For much of July, the agency flew research planes between Washington, D.C. and Baltimore as part of a mission known as DISCOVER-AQ. The planes, along with weather balloons and ground stations, were gathering data on how pollutants such as ozone and particulates behave in the atmosphere.