Regulators shutter 2 big Calif. banks, 5 others WASHINGTON - Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults. Military spending bill clears Senate hurdle WASHINGTON (Reuters) - A $636 billion military spending bill that would fund wars in Iraq and Afghanistan cleared a procedural hurdle in the U.S. Senate early on Friday.
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