|
(Continued from page 31)
World financial leaders see glimmers of hope for economic recovery beyond US debt impasse
• WASHINGTON (AP) -- Worries about a possible U.S. debt default cast a pall over weekend meetings of global financial leaders in Washington. But they ended with some hope over signs that the U.S. and European economies are pulling out of long slumps.
• During three days of talks revolving around meetings of the 188-nation International Monetary Fund and its sister lending agency, the World Bank, top officials pressed the U.S. to resolve the political impasse over the debt ceiling. The standoff has blocked approval of legislation to increase the government's borrowing limit before a fast-approaching Thursday deadline.
• U.S. Treasury Secretary Jacob Lew has warned that he will exhaust his borrowing authority Thursday and the government will face the prospect of defaulting on its debt unless Congress raises the $16.7 trillion borrowing limit.
• "We are now five days away from a very dangerous moment," World Bank President Jim Yong Kim warned at the closing news conference on Saturday. "I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline. The closer we get to the deadline, the greater the impact will be for the developing world."
• Kim said a default would be a "disastrous event" for poorer countries. It would also be certain to derail the already fragile global economic recovery.
• ___
Arrest in 'Baby Hope' case brings closure to 2 NYC detectives 22 years after girl's body found
• NEW YORK (AP) -- The announcement of an arrest in one of New York City's most notorious cold cases was an especially relieving moment for two hardened investigators, who for 22 years had been working to identify the girl they nicknamed "Baby Hope," after discovering her body stuffed in a picnic cooler along a Manhattan highway.
• Manhattan Assistant District Attorney Melissa Mourges, who was the original prosecutor in the 1991 case and is now chief of the cold case unit, told a Manhattan judge that Conrado Juarez, 52, was charged with felony murder late Saturday.
• The charge came shortly after police announced the Bronx man was a relative of (Continued on page 33)
|
|
