The City of New York is planning to add 2,000 more yellow taxi cabs onto its streets. They'll be wheelchair accessible and raise a bunch of money for the city. The new licenses could fetch up to $1 billion at auction. And the hope is that the extra taxis will make life better for the many New Yorkers without cars.
"Senate Majority Leader Harry Reid, D-Nev., announced on Tuesday an agreement to avoid a government shutdown shortly before the November election," The Hill writes. "He said he, Speaker John Boehner, R-Ohio, and President Obama have all agreed to the deal."
Boehner confirmed the news in an email his staff just sent to reporters:
Onondaga Lake in Syracuse, N.Y., has often been called the most polluted lake in America. It was hammered by a one-two punch: raw and partially treated sewage from the city and its suburbs, and a century's worth of industrial dumping. But now the final stage in a $1 billion cleanup is about to begin.
Standing in his office amid stacks of reports, scientist Steve Effler glances at an old front-page headline of the Syracuse Herald-Journal: "Divers find goo in Onondaga Lake."
The U.S. women's gymnastics team has won the team gold medal at the London 2012 Olympics, handily beating Russia, which took silver, and Romania, which took bronze. China finished fourth.
Update at 2:25 p.m. EDT: The U.S. women led off with their strength — the vault. The apparatus gives them an advantage, and not only because Maroney is the world champion and gold-medal favorite in the event.
Pokerstars, an online gambling site, says that it has reached a deal with the U.S. Department of Justice in which it has agreed pay the government $547 million over three years, part of which will be used to reimburse customers of the site Full Tilt Poker.
The London 2012 Games have been touted as the first Olympics to live fully in the age of social media. After all, the organization's Twitter feed has nearly 1.4 million followers, as it lists on its special portal for Facebook and other social sites. But a rash of scandals and news related to Twitter has put a new mark on the face of these games. And, as they say, it ain't pretty.
In December, Congress is poised for another showdown on the deficit and taxes. If Congress doesn't act, 2013 will mark the end to Bush-era tax cuts that have been in place for a dozen years, and the beginning of automatic cuts to domestic and defense programs that would total $1.2 trillion over 10 years. The Congressional Budget Office says the combination of higher taxes and deep spending cuts could create a 4 percent reduction in economic output, a number big enough to throw the country into another recession.