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More than two million Americans who have had their unemployment benefits cut off this month could soon get them back. We hear arguments about economic stimulus, the deficit and the personal cost of long-term unemployment. Also, BP's cap holds, but the ocean floor seeps, and a massive infusion of aid to persuade Pakistan that security is not America's only concern.

Banner image: President Barack Obama (2nd L) leaves with Leslie Macko (L) of Charlottesville, Virginia, Denise Gibson (2nd R) of Brooklyn, New York and Jim Chukalas (R) of Fredon Township, New Jersey after he made a statement to the press at the Rose Garden of the White House on July 19, 2010. Photo: Alex Wong/Getty Images

Making News BP Cap Holds, but Ocean Floor Seeps 7 MIN, 47 SEC

Last night, Coast Guard Admiral Thad Allen said he agreed to allow the cap that is finally blocking oil from the Deepwater Horizon wellhead to stay in place. But BP is still on notice to report any so-called "anomalies."  Mark Schleifstein reports for the New Orleans Times-Picayune.

Mark Schleifstein, Times-Picayune (@mschleifsteintp)

Main Topic Are the Out-of-Work about to Be Out of Benefits? 36 MIN, 51 SEC

As the Great Recession grinds on, more than two million Americans have had their unemployment benefits cut off this moth could get them back. The House has voted another three-month extension, but all but two Republicans in the Senate refuse to go along.  Some say benefits discourage the search for work. Others call the $34 billion cost too much to pay at a time when the deficit's rising. With a showdown expected tomorrow when a new Democrat Senator will replace the late Robert Byrd of West Virginia, President Obama made the case at the White House today.

Michael Fletcher, Washington Post (@Fletchpost)
Derek Thompson, The Atlantic (@DKThomp)
Jeffrey Miron, Senior Lecturer in Economics, Harvard University
Ross Eisenbrey, Vice President, Economic Policy Institute
Allan Zaremberg, California Chamber of Commerce (@CalChamber)

Reporter's Notebook US Unveils Large Aid Package to Win Pakistani Hearts 6 MIN, 21 SEC

Secretary of State Clinton today unveiled a massive new aid package designed to win hearts and minds in Pakistan, before moving on to Afghanistan for the largest international conference in that country in more than three decades. The Bush Administration funneled enormous amounts of aid to Pakistan when the military was running that country. That focus was the cause of resentment, which the Obama Administration has vowed to overcome.  Saeed Shah is special correspondent in Islamabad for the McClatchy Newspapers.

Saeed Shah, Wall Street Journal (@SaeedShah)

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