President Obama has urged the US Congress to lift the America's debt ceiling warning failurerisks returning the country to recession with the deadline in just over a week. Mr. Obama saidhe was open to negotiations if Republicans agree to lift the debt ceiling temporarily. Mark Mardellreports.
“I’m not bargain,” declared the president and his language was very hard-line comparingRepublicans to hostage takers. He said he would talk to anyone about anything but not while hewas being threatened and he made it clear not risen America’s debt ceiling could becatastrophic. But there was perhaps just the suggestion over way ahead, the president saidhe’d going to talks if the government was reopened, the debt ceiling lifted for the links ofnegotiations. The speaker of the House Republican John Boehner called back a demand forunconditional surrender. He said there had to be something in return.
There are growing signs of financial markets being affected by the political standoff inWashington. The main US stock market indexes fell more than 1% on Tuesday and withevidence concern in the market for the US government debt. Meanwhile a White House officialsays President Obama will nominate the current vice chairman of the US Federal Reserve JanetYellen to succeed Ben Bernanke as chairman. Andrew Walker reports.
The chair of the US Federal Reserve is arguably the world's most powerful economic official. IfJanet Yellen does indeed get the job, she will be the first woman to take that role. The Fed hashad a central place in the US response to the financial crisis, and the mere possibility that itmight start to curtail its efforts has lead to significant recent turbulence in global financialmarkets. Ms. Yellen is seen as someone likely to favour withdrawing the Fed's post-crisismeasures very gradually.
The Libyan National Congress has demanded the return of Abu Anas al-Liby, the Libyan militantsuspected of being in al-Qaeda operative who was abducted from Tripoli by US special force onSaturday. Libya's Minister of Justice Salah al-Marghani described the operation as a kidnapping.Earlier, Libya's Prime Minister Ali Zeidan insisted Libyan suspects should be tried in Libya.
President Putin has demanded an apology from the Netherlands after a Russian diplomat wasarrested at the weekend. Moscow alleges that armed men beat him in front of his children. AnnaHooligan reports
The Dutch foreign ministry has agreed to look into events inside the diplomat’s home onSunday evening. A representative of the Russian embassy says she believes police were calledafter neighbor’s complained by the way Mr. Borodin was treating his children but he says hewas protecting them. President Putin has accused the Netherlands of violating the country’sdiplomatic immunity. Relations between the two nations are already unusually strained after theDutch government initiated legal action against Russia in connection with the detention of 30Greenpeace activists.
World News from the BBC
A huge fire at a clothing factory in Bangladesh has killed at least nine people. The blaze engulfedto a warehouse and two other buildings on the outskirts of the capital Dhaka. Bangladesh's$21bn garment industry has suffered several disasters in recent month.
Argentine President Christina Fernandez de Kirchner has undergone surgery to remove a bloodclot on her brain two months after she suffered a head injury. Her press secretary said the two-hour-long operation was successful and Ms. Fernadez was in good experience. Her leaveabsence means she had to stop campaigning for this month's congressional elections.
A medical study in Britain says people live in areas which have very high level of aircraft noisewould appear to be at greater risk of stroke or heart disease. Researchers studies more than3.5million people live near Heathrow Airport in West London. Here is our health correspondentJan Rocha.
The researchers find that in the areas where noise from planes was loudest, the risk of beingadmitted to hospital or dying from a stroke or heart disease was between 10% and 20 %higher. Writing in the British medical journal, the author suggested that this could be becausethe startling and annoying effect of the noise was leading to raise blood pressure. The teamwas at pains to point out that the possible link between aircraft noise and illness was far lesssignificant than people think increase the risk from fact such as smoking. But the researchersthink the connection should be investigated further and policymakers should take it intoaccount.
Police in Mexico City have freed unharmed members of a Spanish rock band who were kidnappedby a criminal gang. No arrest has been made. The members of the band Delorean were phonedin their hotel by someone posing as a policeman and told to move to a different hotel where thekidnappers were. The gang then demanded a ransom from their relatives in Spain but theyseemingly left the musicians unguarded. The families informed the police who located themusicians 48hours after they went missing.
BBC News