WRAPUP 9-World leaders confer on debt crises this weekend | Reuters

WRAPUP 9-World leaders confer on debt crises this weekend | Reuters: "PARIS/WASHINGTON, Aug 6 (Reuters) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets."

US Postal Service warns it could default - Yahoo! News

US Postal Service warns it could default - Yahoo! News: "The US Postal Service warned on Friday that it could default on payments it owes the federal government, just days after the US government itself narrowly averted a default."

News from The Associated Press

News from The Associated Press: "KABUL, Afghanistan (AP) -- Insurgents shot down a U.S. military helicopter during fighting in eastern Afghanistan, killing 30 Americans, most of them belonging to the same elite Navy SEALs unit that killed Osama bin Laden, as well as seven Afghan commandos, U.S. officials said Saturday. It was the deadliest single loss for American forces in the decade-old war."

S&P downgrades U.S. credit rating for first time - The Washington Post

S&P downgrades U.S. credit rating for first time - The Washington Post: "Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system."