Libya’s National Transitional Council is recognized by the UN and will represent the nation in the General Assembly as the NTC continues to battle Gaddafi loyalists in their stronghold of Sirte.
Standard and Poor’s downgraded Italy’s credit rating as Asian stocks and the Euro see sharp declines on the fear of a Greek default.
President Obama released a new deficit plan which includes raising taxes on the wealthy. See our post on the President’s proposal.
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