Reuters: Top News - Breaking News - World News [March ‘11 Diet]

[Reuters]

WASHINGTON (Reuters) - The House of Representatives on Tuesday voted to extend government funding for two more weeks, a move that would avert a federal shutdown but do nothing to resolve a bitter debate over the federal budget.

Source: House passes bill to avert government shutdown

[Reuters]

NEW YORK (Reuters) - Billionaire Warren Buffett said the U.S. economy is "coming back" and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.

Source: Buffett sees uneven recovery, craves big deals

[Reuters]

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs over two years.

Source: Bernanke sees 200,000 hit to jobs from budget cuts

[Reuters]

FRANKFURT (Reuters) - German police arrested a man on Wednesday after two U.S. airmen were shot dead and two wounded in an incident on a U.S. Army bus at Frankfurt airport, authorities said.

Source: Gunman kills two U.S. airmen at Frankfurt airport

[Reuters]

WASHINGTON (Reuters) - A partisan divide over the budget hardened on Wednesday even as Congress sent President Barack Obama a stopgap spending bill that averts an imminent government shutdown.

Source: Congress averts shutdown, sends stopgap to Obama

[Reuters]

WASHINGTON/NEW YORK (Reuters) - American International Group Inc sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds.

Source: Treasury expects $6.3 billion from AIG's MetLife sale

[Reuters]

COLUMBUS, Ohio (Reuters) - Ohio joined Wisconsin on Wednesday in advancing a plan to restrict public sector unions, posing a new threat to labor union power in one of the most politically and economically important states.

Source: Ohio advances union restrictions as dispute spreads

[Reuters]

FRANKFURT/BERLIN (Reuters) - The gunman who shot dead two U.S. airmen in a U.S. Army bus at Frankfurt airport on Wednesday was probably a lone operator motivated by radical Islamist beliefs, German authorities said Thursday.

Source: Frankfurt attack may be linked to radical Islamism

[Reuters]

NEW YORK (Reuters) - Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent economic recovery.

Source: PIMCO's Gross urges slow pace of deficit cuts

[Reuters]

MIAMI (Reuters) - A judge on Thursday put on hold his ruling that President Barack Obama's healthcare overhaul was unconstitutional, allowing the White House to continue implementing the landmark legislation for now.

Source: Judge stays healthcare ruling, gives White House deadline