President Obama hailed New York and the U.S.'s comeback from the housing bust on Tuesday, saying it was time to reduce the federal role and risk in the mortgage market "to make sure this kind of crisis we went through never happens again."
President Obama has canceled a bilateral meeting with Russian President Vladimir Putin following Russia's decision to grant asylum to former government contractor Edward Snowden. Putin and Obama were expected to meet in September while both were attending the G20 Summit in St. Petersburg, Russia.
The FBI arrested two South Florida mayors Michael Pizzi and Manuel Marono on bribery-related charges.
Amazon.com Inc. Chief Executive Jeff Bezos bought The Washington Post in a $250 million deal announced on Monday, which underscored the economic decline of the newspaper business and a renewed emphasis on the role of modern media in shaping news.
