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Calif. budget disliked by Democrats, Republicans
(AP)

AP – Democrats and Republicans each have something to dislike about California’s newest spending plan.

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Towns near NM fire, nuclear lab wary of smoke
(AP)

AP – Residents downwind of a wildfire that is threatening the nation’s premier nuclear-weapons laboratory are worried about the potential of a radioactive smoke plume if the flames reach thousands of barrels of waste stored in above-ground tents.

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Police, protesters clash for 2nd day in Cairo
(AP)

AP – Egyptian security forces and protesters clashed for a second successive day in central Cairo on Wednesday in scenes not seen since the uprising that toppled Hosni Mubarak in February.

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AP Source: BofA nears $8.5B mortgage settlement
(AP)

AP – Bank of America Corp. is close to finalizing a deal to pay $8.5 billion to settle claims by a group of blue-chip investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked, according to a person familiar with the settlement talks.

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10 killed as Taliban storm Kabul hotel
(AFP)

AFP – Eight heavily armed Taliban militants stormed a top Kabul hotel, sparking a ferocious battle involving Afghan commandos and a NATO helicopter gunship that ended hours later with at least 10 civilians dead.

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Obama, Biden plan debt talks with Senate Democrats
(AP)

AP – President Barack Obama and Vice President Joe Biden plan to meet with Senate Democratic leaders Wednesday, the latest step in debt negotiations with Congress.

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New clashes as Greek lawmakers vote on austerity
(AFP)

AFP – Protestors clashed with police, who fired tear gas early Wednesday, several hours before the Greek parliament was to vote on an austerity package.

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Chances rise Greek austerity plan to pass in vote
(Reuters)

Reuters – Greece’s parliament holds a crucial vote on Wednesday on whether to submit the country to unpopular austerity measures demanded as the price for funds to prevent the euro zone’s first sovereign default.

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SEC to propose conduct rules for swap dealers
(Reuters)

Reuters – Securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices.

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Red Sox shut out by Lee in 5-0 loss to Phillies
(AP)

AP – Perhaps Big Papi can help the suddenly slumping Boston Red Sox.