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Tuesday, July 31, 2012 8:30 PM PDT

Today's Yahoo! News - Latest News & Headlines: Historic swim for Michael Phelps Republicans bet on November Tea partier Ted Cruz wins Texas Senate runoff 5 consequences from the drought that's drying out America Kentucky GOP Rep. Geoff Davis issues surprise resignation Man's last wish to give big tips inspires big donations Obama announces new sanctions against Iran Electricity grids fail across half of India What did Romney get out of his foreign tour? Syria's Aleppo running low on food amid siege Regulator says no to Obama mortgage write-down plan Courts mull whether illegal immigrants can be licensed to practice law Man catches record 144-pound catfish Historic swim for Michael Phelps Tue,31 Jul 2012 07:30 PM PDT Yahoo! Sports - Michael Phelps was smiling underwater at one point Tuesday night, tearing up on the medals stand at another, staring in shock at the scoreboard at a third. Full Story Top Republicans bet on November Tue,31 Jul 2012 04:39 PM PDT House and Senate leaders announced Tuesday that they have agreed on a compromise to fund the government into 2013. By forgoing a congressional fight over spending levels, Republicans will fund the implementation of President Barack Obama's health care law and forgo an opportunity to further cut government spending in 2012. The Republican-controlled House barely passed [...] Full Story Top Tea partier Ted Cruz wins Texas Senate runoff Tue,31 Jul 2012 06:26 PM PDT Ted Cruz clinched the Republican nomination in the Texas Senate runoff race Tuesday night, handing the tea party a major victory and instantly becoming the odds-on favorite to win the open seat this fall. Cruz, a Cuban-American lawyer who formerly served as state solicitor general, received 54 percent of the vote to 46 percent for Lt. [...] Full Story Top 5 consequences from the drought that's drying out America Tue,31 Jul 2012 10:25 AM PDT The worst drought in a generation is punishing farmers and burning up the nation's corn crop. Nearly 65 percent of the nation is experiencing a drought right now, according to the U.S. Drought Monitor. Many farmers were just trying to get over last summer's dry spell when the hottest June on record rolled in, threatening [...] Full Story Top Kentucky GOP Rep. Geoff Davis issues surprise resignation Tue,31 Jul 2012 03:56 PM PDT Kentucky Republican Rep. Geoff Davis unexpectedly resigned from Congress late on Tuesday, citing family concerns. "Recently, a family health issue has developed that will demand significantly more of my time to assist," Davis said in a statement. "As a result, I cannot continue to effectively fulfill my obligations to both my office and my family. [...] Full Story Top Man's last wish to give big tips inspires big donations Tue,31 Jul 2012 12:57 PM PDT Before Aaron Collins passed away in July at the age of 29, he asked that his brother Seth "leave an awesome tip" for a waiter or waitress. "And I don't mean 25%," Aaron said. "I mean $500 on a ****ing pizza." [Related: Oakland church's fundraiser helps orphanage in Africa] The only problem, as NPR reports, [...] Full Story Top Obama announces new sanctions against Iran Tue,31 Jul 2012 02:26 PM PDT President Barack Obama ramped up sanctions on Iran Tuesday as senior aides disputed Israeli Prime Minister Benjamin Netanyahu's contention that such punitive measures in the past have not slowed Tehran's nuclear program "by one iota." Mitt Romney's campaign has repeatedly cited Netanyahu's words as part of an effort to paint the president's strategy for keeping [...] Full Story Top Electricity grids fail across half of India Tue,31 Jul 2012 03:03 PM PDT Associated Press - Electric crematoria were snuffed out with bodies inside, New Delhi's Metro shut down and hundreds of coal miners were trapped underground after three Indian electric grids collapsed in a cascade Tuesday, ... Full Story Top What did Romney get out of his foreign tour? Tue,31 Jul 2012 02:27 PM PDT As Mitt Romney stood on stage here delivering the final speech of his weeklong overseas tour, television correspondents were positioned just yards away, pre-taping hits for Tuesday's morning news shows back in the United States—and the stories were not just about the substance of Romney's remarks. A little over an hour before, several reporters [...] Full Story Top Syria's Aleppo running low on food amid siege Tue,31 Jul 2012 05:05 PM PDT Associated Press - Food and cooking gas were in short supply and power cuts plunged homes into darkness as soldiers and rebels battled Tuesday to tip the scales in the fight for Aleppo, Syria's largest city and the current focus of its civil war. Full Story Top Regulator says no to Obama mortgage write-down plan Tue,31 Jul 2012 04:45 PM PDT Reuters - WASHINGTON (Reuters) - The top housing regulator rebuffed a plan by the Obama administration to cut mortgages held by struggling homeowners, a blow to the White House, which is keen to show voters it can help fix the housing market. The regulator for government-run housing finance giants Fannie Mae and Freddie Mac said on Tuesday that using taxpayer-funded bank bailout money could encourage defaults and not make a big improvement in reducing foreclosures in a cost-effective way for taxpayers. ... Full Story Top Courts mull whether illegal immigrants can be licensed to practice law Tue,31 Jul 2012 07:02 PM PDT Reuters - A law school graduate seeking to join the California bar despite his status as an illegal immigrant may soon become a test case for other young and undocumented professionals as the state's highest court weighs whether he can be admitted to practice law. The state Supreme Court is mulling the case of 35-year-old Sergio Garcia, who has already found strong support both from California's attorney general and the state bar association. The court has requested guidance from the U.S. Justice Department on the matter that could come as early as Wednesday. ... Full Story Top Man catches record 144-pound catfish Tue,31 Jul 2012 02:06 PM PDT Summer 2012 is proving to be the season of the oversize catch. A week ago a 21-pound lobster was caught off the coast of Massachusetts. Instead of heading straight for the dinner plate, it found a new home at the New England Aquarium in Boston. Yesterday, across the pond in England, chef and occasional angler [...] Full Story Top

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