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Obama pledges all necessary help for storm-hit Oklahoma

May 21, 2013 00:30
By Mark Felsenthal WASHINGTON (Reuters) - U.S. President Barack Obama on Tuesday offered condolences for the victims of a deadly tornado in Oklahoma and pledged to focus the nation's resources on recovery and rebuilding. "As a nation, our full focus right now is on the urgent work of rescue and the hard work of recovery and rebuilding that lies ahead," he said at the White House. "Yesterday I spoke with Governor (Mary) Fallin to make it clear to Oklahomans that they would have all the resources that they need at their disposal."

Obama, China's Xi to meet in California on June 7-8

Kyodo News InternationalMay 20, 2013 23:16
U.S. President Barack Obama will meet with Chinese President Xi Jinping on June 7 and 8 in California for the first time since Xi took office in March, the White House said Monday. The two leaders will "review progress and challenges in U.S.-China relations over the past four years and discuss ways to enhance cooperation," the White House said. U.S. National Security Adviser Tom Donilon will make a three-day visit to Beijing from Sunday to prepare for the meeting, it said.

Whole neighborhoods razed by Oklahoma tornado that killed 24

May 20, 2013 22:16
By Carey Gillam and Ian Simpson MOORE, Oklahoma (Reuters) - Rescuers went building to building in search of victims and survivors picked through the rubble of their shattered homes on Tuesday, a day after a massive tornado tore through the Oklahoma City suburb of Moore, wiping out blocks of houses and killing at least 24 people.

Debt limit resets at higher level, budget impasse grinds on

May 20, 2013 22:15
By David Lawder WASHINGTON (Reuters) - The government added $306 billion in new debt during a four-month suspension of the federal borrowing limit, the Treasury Department said on Monday, but there was no sign on Capitol Hill of any movement toward a budget compromise. As of Friday, the last business day before the debt limit was officially reset on Sunday, the Treasury said in its daily statement that U.S. debt subject to the limit was $16.7 trillion, compared to $16.394 trillion prior to the suspension in February.

Obama to meet Xi in California in June

Agence France-PresseMay 20, 2013 22:15
President Barack Obama will hold his first summit with President Xi Jinping in California next month, with Sino-US relations rattled by alleged Chinese cyber spying and tensions in the Pacific. Obama will welcome Xi to the plush Sunnylands estate resort in Palm Springs on June 7-8, as Washington seeks Chinese help to subdue North Korean belligerence and seeks a diplomatic breakthrough to end the slaughter in Syria.

No new H7N9 cases in China for a week

Agence France-PresseMay 20, 2013 22:15
No new human cases of the H7N9 virus have been recorded in China for a week, national health authorities said, for the first time since the outbreak began in March. One previously infected patient died in the week beginning May 13, the National Health and Family Planning Commission said in a statement late Monday, taking the total number of fatalities from the virus to 36.

AP source: Treasury told White House IRS planned to disclose targeting of political groups

The Canadian PressMay 20, 2013 22:00
WASHINGTON - A Treasury official says the department told the White House twice that the IRS was preparing to make public its targeting of conservative political groups.

Column: Two ways to pick your summer stock retreat

May 20, 2013 21:46
By John Wasik CHICAGO (Reuters) - It used to be easy to abide by the old Wall Street nugget that you should pull out of the market in spring and come back in the fall. But research shows that it doesn't make sense to completely abandon the stock market during the summer months, particularly when it comes to individual sectors. Not all of them will decline. There are several ways to seize gains if you want to make some portfolio adjustments. Here are two approaches. GO DEFENSIVE

Obama to meet China's Xi in California on June 7-8: White House

Kyodo News InternationalMay 20, 2013 21:45
U.S. President Barack Obama will meet with Chinese President Xi Jinping on June 7 and 8 in California for the first time since Xi took office in March, the White House said Monday. The two leaders will "review progress and challenges in U.S.-China relations over the past four years and discuss ways to enhance cooperation," the White House said. U.S. National Security Adviser Tom Donilon will make a three-day visit to Beijing from May 26 to prepare for the meeting, it said.

US condemns mosque bombings in Iraq: White House

Agence France-PresseMay 20, 2013 21:31
The United States condemned the bombing of two Shiite mosques in Iraq on Monday, appealing for calm amid a mounting wave of sectarian attacks. White House press secretary Jay Carney said "we strongly condemn" the latest attacks, which left 13 people dead in a Shiite area south of Baghdad. tq/jm/dc
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