The stock market remains higher in afternoon trading. The Dow has been up as much as 100 points this afternoon, while the broader indexes are also seeing moderate gains on growing hopes that a resolution to Washington's budget impasse is getting closer. Republican senators have emerged from a two-hour meeting at the White House today talking about a bipartisan solution to the stalemate. Sen. Mitch McConnell characterized the session as useful.
- World finance officials say Washington's budget standoff is creating economic uncertainty for the global economy, and the United States needs to take urgent action to address the problem. Finance ministers and central bank leaders for the Group of 20 major economies have been commenting on the situation following two days of meetings in Washington.
- National Parks will be open in at least one state tomorrow. In southwest Utah, staff at Zion National Park have begun opening gates and removing barriers. The Obama administration is allowing states to foot the bill for reopening parks. At least four states have asked for that authority because of the financial hit caused by the closures.
- A San Francisco Bay Area transit agency and its unions are back at the bargaining table today, with the potential for a crippling train strike looming. The unions are promising to strike if no deal is reached by midnight Sunday. Bay Area Rapid Transit workers walked off the job for nearly five days in July.
- A North Dakota farmer has discovered oil bubbling from the ground in his wheat fields, but it's not going to make him rich like the Beverly Hillbillies. The oil was spilling from an underground pipeline. Farmer Steve Jensen says he smelled the crude for days before the tires on his combines became coated in it one day. At more than 20,000 barrels, it's one of the largest spills recorded in the state.
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