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7:28pm

Wed July 13, 2011
Economy

Moody's Puts U.S. Credit Rating Under Review

Moody's Investor Services is putting the United States' top-notch credit rating under review for a possible downgrade. The credit ratings agency's action comes as lawmakers continue talks on how to raise the U.S. debt ceiling. Robert Siegel talks to NPR's Jim Zarroli.

6:53pm

Wed July 13, 2011
Law

Roger Clemens Lied About Steroid Use, Jury Told

Baseball pitching star Roger Clemens (right) walks with his attorney, Rusty Hardin, as he arrives at the U.S. District Court for the start of his perjury trial on Wednesday in Washington, D.C.
Mark Wilson Getty Images

Baseball pitching star Roger Clemens, winner of a record seven Cy Young awards, sat silently in federal court on Wednesday, as his trial opened on charges of perjury and obstruction of Congress — charges that carry a maximum penalty of 30 years in prison.

Clemens remained expressionless as the prosecutor, Assistant U.S. Attorney Steven Durham, told the jury that the government had physical proof that the 48-year-old one-time pitching ace had been repeatedly injected with anabolic steroids and human growth hormone.

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5:55pm

Wed July 13, 2011
The Two-Way

Moody's Puts U.S. Credit Rating On Review For Possible Downgrade

As the clock ticks down to the Aug. 2 deadline to raise the debt ceiling, Moody's Investor Service became the first of the big-three rating agencies to put the United States' Aaa credit rating on review for possible downgrade.

Reuters reports:

In a statement, Moody's said it sees a "rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on U.S. Treasury debt obligations."

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5:51pm

Wed July 13, 2011
It's All Politics

Bachmann, Other House Conservatives, Accuse Obama Of Debt Scare Tactics

Rep. Michele Bachmann speaks while fellow Republicans representatives Louie Gohmert of Texas (l) and Steve King of Iowa wait.
Win McNamee Getty Images

Rep. Louis Gohmert, a Texas Republican, suggested Wednesday that he'd like President Obama to be more like President Franklin D. Roosevelt.

No, he wasn't talking about wanting Obama to massively expand the federal government or engage in more Keynesian pump-priming.

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5:15pm

Wed July 13, 2011
The Two-Way

In Opening Argument, Prosecution Says Needles Have Clemens' DNA, Steroids

Lawyers delivered their opening arguments in the trial of former Major League Baseball pitcher Roger Clemens. Prosecutors told the jury that the government had needles and cotton swabs that had Clemens' DNA and anabolic steroids, while the defense said the evidence was faked.

NPR's Nina Totenberg summed up the first day of the case for our Newscast unit like this:

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