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US Lawmakers  Reach Agreement on Financial Bailout Plan


WORLD ECONOMY: U.S. lawmakers say they have a tentative agreement on a plan to rescue the struggling financial services industry before markets reopen Monday.Democrat Nancy Pelosi, speaker of the House of Representatives, said early Sunday the deal must be committed to paper before it is formalized. Senate Democratic leader Harry Reid says they hope to have an announcement on the bailout bill later today. A House vote could come as early as Monday.The proposal is expected to include limits on severance packages for executives of companies that benefit from the rescue plan, as well as a requirement for the government to try to keep homeowners from losing their homes.

IRAN NUCLEAR: The United Nations Security Council has adopted a resolution ordering Iran to halt its uranium enrichment program -- but the council did not impose any new sanctions.The 15 council members voted unanimously Saturday for a measure that reaffirms three previous sets of sanctions on Iran.The resolution states that previous resolutions are legally binding and must be carried out. It also calls on Iran to cooperate fully with the International Atomic Energy Agency, which is investigating whether Iran has conducted research on nuclear weapons.The resolution offers Iran the choice of incentives to stop enriching uranium or face the threat of more sanctions.

US-INDIA NUCLEAR: The U.S. House of Representatives has approved an agreement that allows the U.S. to provide nuclear materials to India. The House passed the civilian nuclear cooperation agreement Saturday by a vote of 298 to 117. If approved by the Senate, the deal will end a three-decade ban on U.S. nuclear trade with India. The deal offers India access to U.S. technology and atomic materials in exchange for international inspections of some of its nuclear facilities.President George Bush hailed the vote in the House as "another major step forward" in transforming the U.S.-India relationship. He urged the Senate to pass the agreement before adjourning in October.

AFGHAN POLICE WOMAN: Witnesses in Kandahar say unidentified gunmen fatally shot one of Afghanistan's most high-ranking, high-profile female police officers. Malalai Kakar, the mother of six, was killed Sunday in the attack. Her son was wounded.Kakar was regularly profiled in international media and known for her courage in one of Afghanistan's most conservative and male-dominated provinces.

ISRAEL-PALESTINIANS: Israeli police say a shepherd has been found shot to death in the West Bank. Palestinians are accusing Jewish settlers of killing him.An Israeli police spokesman said today (Sunday) that the youth's body had been taken for an autopsy and that police are investigating. Other shepherds said they saw a white car belonging to settlers pursue the teen late Saturday, and then heard gunshots.

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