World / Nation briefs February 11, 2012
Greece officials vow to push through austerity cuts
ATHENS, Greece - Greece's future in the eurozone came under renewed threat Friday as popular protests again turned violent and dissent grew among its lawmakers after European leaders demanded deeper spending cuts.
The country's beleaguered coalition government promised to push through the tough new austerity measures and rescue a crucial €130 billion ($170 billion) bailout deal after six members of the Cabinet resigned.
Prime Minister Lucas Papademos promised to "do everything necessary" to ensure parliament passes the new austerity measures that would slap Greeks with a minimum wage cut during a fifth year of recession. He also promised to replace any other Cabinet members who did not fully back his efforts.
"It is absolutely necessary to complete the effort that began almost two years to consolidate public finances, restore competitiveness and economic recovery," Papademos told an emergency Cabinet meeting.
Draft legislation for the new austerity measures was submitted to parliament after the five-hour meeting ended.
Budget deficit totals $349 billion; on pace to pass $1 trillion
WASHINGTON - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year.
The deficit totaled $349 billion through January, the Treasury Department said Friday. That's $70 billion less than at the same point last year. January's monthly deficit was $27 billion, roughly half of the deficit in January 2011.
The White House later confirmed a report that President Obama's new budget predicts a $1.3 trillion deficit for the full fiscal year, which began on Oct. 1. The figures were first reported in The Wall St. Journal, which viewed leaked draft budget documents.
If the administration is correct, the 2012 deficit would be the same as last year's imbalance. The government ran an all-time record deficit of $1.41 trillion in fiscal 2009, and a $1.29 trillion imbalance in 2010.
This year's deficit is running lower in part because of higher corporate tax receipts, the department said. That has boosted government revenue to $790 billion from October through January.
Satellite photos show Syrian tanks in streets of Homs
LONGMONT, Colo. - Satellite image provider DigitalGlobe Inc. released photos Friday that appear to show Syrian army tanks and other armored vehicles in the city of Homs.
DigitalGlobe said the images were taken late Friday morning Syrian time by the company's WorldView 2 satellite from about 480 miles above the Earth.
Stephen Wood, director of DigitalGlobe's analysis center, said the photos show tanks, armored personnel carriers and other armored vehicles in the southern part of the city, some of them near apartment buildings.
Fighting in Homs has reportedly killed hundreds of people over the past week from bombardments followed by soldiers' advances. The battle there is part of the Syrian government's attempts to suppress an 11-month-old uprising against the rule of President Bashar Assad.
Navy names ship for Gabrielle Giffords
WASHINGTON - Gabrielle Giffords, the recently retired congresswoman from Arizona who was shot in an assassination attempt 13 months ago, returned to Washington Friday for double honors. The Navy named a ship after her and she saw President Barack Obama sign the last piece of legislation she authored into law.
In a ceremony at the Pentagon, Navy Secretary Ray Mabus unveiled an artist's rendering of the USS Gabrielle Giffords, a littoral combat ship. The craft is among the Navy's most versatile and can operate in shallower coastal waters than larger ships.
"God bless the USS Gabrielle Giffords and all who sail in her," Mabus said at the ceremony.
Giffords was shot in the head and grievously wounded in January 2011 as she met with constituents outside a supermarket in Tucson, Ariz. Twelve others also were wounded in the rampage that left six dead, including a federal judge, a Giffords aide and a 9-year-old girl. Christina Taylor Green had an interest in government and politics and wanted to hear Giffords speak.
- The Associated Press