The voting is over in Iran's presidential election to choose a successor to Mahmoud Ahmadinejad. The vote comes amid controversy over Iran's nuclear program, ever-tightening sanctions led by the U.S. and economic trouble. This is the first presidential election since 2009, when the disputed result sparked months of protest, followed by intense repression.
After determining that the Syrian government has crossed a red line by using chemical weapons, the White House has agreed to start sending military aid to the rebels. Some analysts think it may be too late to tip the balance in Syria, where Assad's forces backed by Hezbollah, Iran and Russia have been gaining ground.
The White House will begin sending direct military aid to the Syrian opposition after concluding that the Syrian government has been using chemical weapons against rebel forces. For the past two years, President Obama has taken a cautious approach to the conflict and has been reluctant to intervene.
Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.
Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.
The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.