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US to cut carrier fleet in Persian Gulf to 1
WASHINGTON (AP) -- The Pentagon says pending automatic budget cuts will force it to reduce its presence in the Persian Gulf.
Specifically, the number of aircraft carriers would have to be cut from two to one. Two aircraft carrier groups have been kept in the Gulf for most of the past two years. Plans for the USS Harry S Truman to deploy to the Gulf later this week have been canceled.
Defense Secretary Leon Panetta has been leading a campaign to replace the automatic cuts he warns would "hollow out" the military. The Pentagon has been providing greater details on the cuts it would have to make if Congress fails to both replace them and agree on a 2013 defense budget bill.
The carrier decision is one of the most significant announcements made thus far.
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Posted: Saturday, February 9 2013, 11:46 AM CST
IN OKLAHOMA NEWS
Okla. House panel approves $40M for Indian museum
May 20, 2013 17:17 GMT
OKLAHOMA CITY (AP) -- A plan to divert $40 million in use taxes over three years to help complete construction of an American Indian Cultural Center and Museum along the banks of the Oklahoma River has cleared a House committee.
A House budget panel on Monday voted 13-10 for the measure, which would divert the tax revenue beginning in fiscal year 2015. Use taxes are those paid on Internet purchases and tangible personal property purchased out of state and brought into Oklahoma. The taxes are expected to generate about $244 million next year.
Museum supporters say they've secured $40 million in pledges from private donors and only need one final $40 million appropriation from the Legislature to complete the project.
A separate $40 million for a museum in Tulsa will be considered Monday afternoon.
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From the FOX 25 First Forecast Center..Severe weather is back in your forecast today for Central and Eastern OK. Damaging hail and winds and tornadic activity are likely to form west of I-35 after 3 pm, then track east into Central OK in the late afternoon and evening hours. ...
Asian stocks rise on signs of steady US recovery
BANGKOK (AP) -- Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher today.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: FINANCIAL TIMES SITS HACKED
LONDON (AP) -- Another attack on a media site -- and again, one that is being claimed by the Syrian Electronic Army.
BRAS A FIRE HAZARD?
MILWAUKEE (AP) -- We haven't heard this much about the threat of bra burning since the days of the women's liberation movement.