A marijuana plantation of nearly 300 acres has been found by Mexican forces in the Baja California desert more than 150 miles south of Tijuana. Army Gen. Alfonso Duarte told reporters Thursday that the giant plot was staffed by about 60 people and could produce around 120 tons of marijuana when harvested. Duarte said the the plants would be burned.
"We have a unique opportunity to do something big" and put the federal government's fiscal books in order for the next decade or so, President Obama said this morning at a White House news conference where he again laid out his view of where things stand in deficit-reduction talks with Republican leaders.
A flat June followed a scant 0.1 percent increase in May and a 0.5 percent decline in output in April, the Fed adds.
Another sign of sogginess in the factory sector: previously, the Fed had estimated that production rose 0.4 percent in May from April. The new estimate — of that 0.1 percent rise — marks a significant downward revision.