July 13, 2011

President Obama is warning that Social Security checks may not go out next month if lawmakers fail to reach an agreement on how to reduce the federal debt. In an interview with CBS News, Obama said he could not guarantee the government could afford to distribute some 70 million payment checks for retirees, veterans and the disabled without an agreement to raise the debt ceiling by August 2nd. Source Link
 

The second Congressional Medal of Honor to go to a living recipient from the Iraq and Afghanistan wars has been awarded to an Army Ranger. Sergeant First Class Leroy Arthur Petry won the nation’s highest honor for tossing away a grenade and saving the lives of two fellow soldiers. Petry lost his right hand in the blast and a prosthetic hand includes a small plaque carrying the names of fallen comrades from his regiment. Source Link

After a decade of music piracy ate away at their bottom line, here’s some good news for the music industry -- sales were up for the first half of this year. That’s the first increase since 2004. Digital music sales increased 20% over last year, led by strong showings for new releases by pop stars Lady Gaga, Katy Perry and the British singer Adele. Source Link