A screengrab of CSpan's coverage of the Senate vote.
Update at 2:07 p.m. ET. President Signs Bill:
President Obama has signed into law a bi-partisan bill that raises the debt ceiling and avoids a government default that analysts as well as the White House warned could have had catastrophic effects on the American economy.
Earlier today, the Senate voted 74-26 to send the bill to the president's desk. The AP reports Obama signed the bill privately in the Oval Office.
Somali refugees wait at dawn at a registration center at the Dadaab refugee complex in Kenya Tuesday, to receive aid after having been displaced from their homes in southern Somalia by famine.
Credit Tony Karumba / AFP/Getty Images
Efforts to help people in southern Somalia, where famine relief efforts have been stymied by al-Shabaab, a group on the U.S. terrorism watchlist, may get easier in the coming weeks. That's because pending changes to U.S. rules will allow aid groups to deliver food in those areas, according to an AP report.
Citing sources who wished to remain anonymous, the AP says:
Photographs show money that has been removed from circulation.
Credit Will Steacy / Courtesy of Michael Mazzeo Gallery
We've all desperately tried to force a crumpled dollar bill into a vending machine to no avail. Fortunately, when your dollar is that decrepit, it's on death's door and will likely be removed from circulation.
The average lifespan of a $1 bill, according to the Federal Reserve Bank of New York, is 21 months. Eventually, money is destroyed — either by the Federal Reserve itself, or by the places that create it to begin with: the Bureau of Engraving and Printing, and the U.S. Mint. On average, 5 million unfit currency notes are destroyed each day.
Americans put more of their money into savings in June, at the expense of consumer spending — and that came as a surprise to analysts. The month's drop in spending was the first in nearly two years (20 months).
The House voted to pass the compromise spending plan Monday night, but drops in federal and state credit ratings remain possible, particularly for South Carolina. To learn about the bill's local ramifications, host Michel Martin speaks with S.C.'s House Rep. for the sixth district, S.C.'s Treasurer, and the mayor Columbia, S.C.
The federal government recently announced that starting Aug. 2012, insurers must offer female preventive health services without extra costs to patients. Host Michel Martin discusses the controversial plan with the Health and Human Services Secretary. Martin also explores what the debt deal means for the Affordable Care Act with a Senior Correspondent from Kaiser Health News.
A sculpture honoring the 49 people who died in the crash of Comair Flight 5191 will be unveiled this month at a service commemorating the fifth anniversary of the crash. The dedication service, which is scheduled for 10 a.m. Aug. 27 at The Arboretum on Lexington's Alumni Drive, will include remarks by local ministers and family members of three people who died in the crash. More than 350 family members and friends of the crash victims are scheduled to attend.
Pity the politicians as they struggle to a hammer out a deal on the US debt: the endless negotiations, the late agreements that collapse by the morning news cycle. Everywhere they turn they seem to constrained - hemmed in – by forces pulling in every direction.
The browser wars are getting personal. A new study gave IQ tests to more than 100,000 English-speaking Internet users from the U.S., Canada, U.K., Australia, and New Zealand. Those results were then compared to what browser each person was using to take the test.
A federal judge has thrown out two lawsuits that alleged class-action lawyer Stan Chesley, his Cincinnati law firm and one of its lawyers mishandled a multimillion-dollar sex-abuse settlement with the Covington Diocese. U.S. District Judge Danny Reeves cited a well-established legal doctrine in Monday's order that states federal judges generally don't have the authority to review state court decisions.