Tiananmen Square

A.M. Links: Obama Tells NSA To Curtail Spying, Sebelius To Testify Before Congress, GM Bailout Cost $9.8 Billion


Credit: White House
  • President Obama ordered the National Security Administration to curtail eavesdropping on the United Nations headquarters in New York. German officials arrive at the White House today to deal with claims that the NSA monitored Chancellor Angela Merkel's cell phone. Bipartisan legislation was introduced yesterday to end the NSA's bulk meta-data collection.
  • Health and Human Services Secretary Kathleen Sebelius will testify on Obamacare before the House Energy and Commerce Committee later today. Rep. Steny Hoyer (D-Md.) acknowledged yesterday that Democrats knew all along that some patients would lose their health insurance plans under the law.
  • The U.S. Treasury's bailout fund has lost about $9.7 billion on its rescue of General Motors Co., a report to Congress said. 
  • Most currencies are rallying against the U.S. dollar. Recent Commitment of Traders data shows speculators net short the U.S. dollar for the first time since early this year.
  • Video game maker Nintendo saw an $80 million loss in the latest quarter as sales of its Wii U game console continued to be eroded by a shift to gaming on smartphones and tablets.
  • Chinese police say the car that crashed in Beijing's Tiananmen Square on Monday was a carefully planned terrorist attack.

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