Tuesday, August 2, 2011 - Last Update: 7:23 PM ET (23:23 GMT)

Debt Ceiling Bill Becomes Law, Averting Default

WASHINGTON — The Senate’s 74-to-26 vote to pass the budget deal on Tuesday, a day after a similarly bipartisan vote in the House, belied the intensity of a fight that has bruised both parties.

Today’s TimesCast

President Obama signs the debt ceiling deal into law; and more.

Stocks Slump More Than 2% Despite Debt Vote

The Dow Jones industrial average dropped 266 points, and all the major indexes shed over 2 percent.

Outside Pressure Builds on Syria

UNITED NATIONS — The country’s diplomatic isolation deepened after a military assault on Hama.

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The lack of investor confidence in Spain is likely to raise the country's borrowing costs. Job-seekers waited outside a government employment office in Madrid.
Dani Pozo/Agence France-Presse — Getty Images

Markets Assault Spain and Italy Debt

PARIS — As Washington finally signed off on a last-minute deal to raise the U.S. debt ceiling, traders renewed their attacks on Italy and Spain. Above, job seekers in Madrid.

Italy’s Financial Problems Join Political Ones

ROME — The financial pressure on Italy is rising and politicians say it will need to pass new austerity measures.

New Arrest in British Hacking Scandal

LONDON — British news organizations identified a man taken into custody as Stuart Kuttner, who resigned as managing editor of the News of the World in 2009.

Afghanistan Seeks to Disband Some Armed Militias

KABUL, Afghanistan — Officials say the groups are little more than gangs that wreak havoc, clashing with each other and collecting illegal taxes from local residents.

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Fatal Radiation Level Found at Japanese Plant

TOKYO — The Fukushima Daiichi nuclear plant measured its highest radiation levels since the devastating earthquake.

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Silivri Journal
Turks Question Power of Prime Minister

Critics of Prime Minister Recep Tayyip Erdogan say resignations by Turkey’s military leaders may give Mr. Erdogan too much power.

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Extraordinary Precautions Taken for Mubarak Trial

CAIRO — Thousands of soldiers and officers backed by 50 tanks and armored vehicles are to be deployed along the route where Egypt’s deposed president, Hosni Mubarak, will be transported to court.

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Somalis Waste Away as Insurgents Block Escape From Famine

MOGADISHU, Somalia — The Shabab Islamist insurgent group is imprisoning displaced and starving Somalis who were trying to escape Shabab territory.

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Markets Evoke Memories of Mexico

MADERA, Calif. — At the flea market in Madera, Calif., Mexican-Indian farm workers can find food, entertainment and community.

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Forty Years Later, a Tip With Potential in a Famous Case

SEATTLE — “D.B. Cooper,” who in 1971 demanded $200,000 and a parachute, then jumped out of a plane and into legend, has never been found. Could that be about to change?

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Dining & Wine »

Wines of The Times
Thinking Inside the Box

The wine snob’s worst nightmare, boxed wine has made strides in the past five years. The panel recently tasted 20 reds and whites from producers who were striving for quality.

Alfresco
A Little Yard Work Before Digging In

Cooking pork in a fire pit is ideal for those who crave big flavors.

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Joey Barton’s Twitter Philosophizing

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