Argentine President Cristina Kirchner signaled her willingness to enter negotiations on the country's debt, as the country faces a potential default at the end of the month. Argentine Economy Minister Axel Kicillof has proposed that Argentina initiate steps to carry out a debt exchange inside the country. Four days after the US Supreme Court decided against Argentina in its fight against hedge fund bond holders, Kirchner said her country has "the right and the need to participate in a negotiation that is just and equitable." Most creditors accepted large writedowns of the bonds, but the court ruling means Argentina now must pay the holdouts 100 percent of the debt's face value -- $15 billion in total.
By Nate Raymond, Jonathan Stempel and Sarah N. Lynch NEW YORK/WASHINGTON (Reuters) - A U.S. judge on Friday directed the House Ways and Means Committee and a staffer to appear at a July 1 hearing to address their alleged refusal to respond to U.S. Securities and Exchange Commission subpoenas as part of an insider trading probe. The order by U.S. District Judge Paul Gardephe in New York covers both the committee and Brian Sutter, staff director for its healthcare subcommittee, and came at the SEC's request. The SEC said it is examining whether material nonpublic information concerning an April 1, 2013 announcement by the Centers for Medicare and Medicaid Services of 2014 reimbursement rates for a Medicare program was leaked improperly, and whether anyone traded on that information. The case could prompt a courtroom showdown between the SEC's authority to enforce U.S. securities laws against Congress' power to manage its own affairs.
A suspected leader of the attack on the U.S. compound in Benghazi, Libya, captured by U.S. forces and spirited out of the country, can expect to move quickly through the initial steps of the criminal justice system within hours of arriving on American soil. Seized in a raid last Sunday, Libyan militant Ahmed Abu Khatallah is the suspected leader of a group implicated in the 2012 attack on a U.S. diplomatic compound and CIA base in Benghazi. A U.S. official, speaking on condition of anonymity, said Abu Khatallah was aboard the USS New York, an amphibious transport ship traveling toward the United States at normal speed. When the U.S. decides they're going to indict someone abroad, they're going to bring them to the criminal justice system," not to military prisons as during the George W. Bush administration, said Karen Greenberg, the director of Fordham University's Center on National Security.
US President Barack Obama warned Friday that no amount of US firepower could keep Iraq together if its political leaders did not disdain sectarianism and work to unite the country. Obama told CNN, a day after announcing the dispatch of 300 special forces advisors to Iraq following a lightning advance by extreme Sunni radicals, that American sacrifices had given Iraq a chance at a stable democracy, but it had been squandered. "We gave Iraq the chance to have an inclusive democracy.