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CONSULTANT: Ashton Carter, the Pentagon's top weapons buyer, earned money from the defense industry while teaching at Harvard. (Associated Press)
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ASSOCIATED PRESS Adm. Mike Mullen (right), chairman of the Joint Chiefs of Staff, and Defense Secretary Leon E. Panetta warned against further spending cuts for the military beyond the $350 million to $400 million already agreed by Congress and President Obama this week. “I think anything beyond that would damage our national defense," Mr. Panetta said.
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Assembly line worker Edward Houie moves a door into position for a 2012 Chevrolet Volt at the General Motors Hamtramck Assembly plant in Hamtramck, Mich. GM said Thursday that its second-quarter profit nearly doubled to $2.5 billion as automaker got higher prices for its cars and trucks worldwide. (Associated Press)
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A monitor displays Dow Jones Industrial Average from the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011 in New York. The Dow Jones industrial average plunged more than 300 points and erased its gains for the year as investors grew more concerned about economic weakness in the U.S. and Europe. (AP Photo/Jin Lee)
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A trader works on the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011, in New York. (AP Photo/Jin Lee)
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Money traders work Aug. 3, 2011, in front of the electric board showing the yen-dollar exchange rate at a money market brokerage firm in Tokyo.
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The home at 3506 15th St. N. in Arlington is on the market for $1,299,000. The four-bedroom home also has a detached two-car garage with a guest suite above.
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The home at 28035 Le Gates Cove Road in Easton, Md., is on the market for $2,390,000. Built in 1965, the home underwent major renovations in 1990 and in 2005.
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** FILE ** In this Feb. 9, 2011, file photo, a shopper selects Oreo cookies by Nabisco — part of the Kraft Foods Inc. family of brands and products, are seen at a Ralphs Fresh Fare supermarket in Los Angeles. Kraft Foods Inc. said Thursday, Aug. 4, 2011, that it plans to split into two publicly traded companies. (AP Photo)
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An employee walks by electronic panels which flash the Japanese yen against the U.S. dollars at a foreign exchange office in Tokyo, Thursday, Aug. 4, 2011. Japan intervened in the foreign currency market Thursday to stem the yen's rise against the dollar. (AP Photo/Hiro Komae)
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PLAYERS: Emmanuel S. Bailey formed a company that would get the lucrative D.C. Lottery contract. (Rod Lamkey Jr./The Washington Times)
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Jim Caruso, chief executive officer of Flying Dog Brewery, selects a beer to pour from a tap at the brewery's headquarters. **FILE**
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Specialist Patrick King, second from right, and others watch President Barack Obama's remarks on a television monitor the floor of the New York Stock Exchange Tuesday, Aug. 2, 2011. The stock market stumbled again Tuesday and is on pace for its longest losing streak in two years.(AP Photo/Richard Drew)
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Assembly-line worker Edward Houie moves a door into position for a 2012 Chevrolet Volt at the General Motors Hamtramck Assembly plant in Hamtramck, Mich., last month. General Motors says its U.S. sales rose nearly 8 percent last month, led by fuel-efficient vehicles such as the Chevrolet Cruze car. (Associated Press)
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**FILE** In this photo from June 23, 2011, Billy Garlin (left), a sales and leasing consultant at the Big Two Toyota Scion of Chandler car dealership in Chandler, Ariz., shows Lacey Rivera (right) and her sister Shelbey Kearns a new car Rivera had just purchased. (Associated Press)
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Trader Sal Saurino works on the floor of the New York Stock Exchange on Monday. There had been hope for a rally based on news of a debt-ceiling agreement on Capitol Hill. (Associated Press)
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Zimbabwe's finance minister, Tendai Biti, says that the nation's economy will grow by 9.3 percent this year, a rate that would make it one of the fastest-growing economies on the continent. But the IMF's estimate is significantly lower. (Associated Press)
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A man works in the ruins of a building in Port-au-Prince damaged by an earthquake. The government is giving wage earners access to credit at a preferential rate for 10 years to enable them to buy or construct a home. (Associated Press)
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**FILE** In this photo from June 13, 2011, HSBC Group Chief Executive Stuart Gulliver speaks at the World Economic Forum on East Asia in Jakarta, Indonesia. (Associated Press)
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In this June 21, 2011 photo, Shell gas worker Toke Fusi changes gas prices down at a Shell gas station in Menlo Park, Calif. The economy slowed in the first six months of 2011 to its weakest pace since the recession ended. High gas prices and scant income gains forced Americans to sharply pull back on spending. (AP Photo/Paul Sakuma)
