U.S. Top News: Obama named TIME magazine's Person of the Year

	Click to View in Browser 12/19/2012 Obama named TIME magazine's Person of the Year WASHINGTON (Reuters) - President Barack Obama was named TIME's Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges. More funerals in Newtown as gun control debate swirls NEWTOWN, Connecticut (Reuters) - Six more victims of the Newtown school shooting will be honored at funerals and remembrances on Wednesday, including the school principal who was killed with 20 of her students and five other staff members at the Sandy Hook Elementary School. Biden to head gun policy push after Newtown shootings WASHINGTON (Reuters) - Vice President Joe Biden will lead an effort to craft policies to reduce gun violence in a plan President Barack Obama was to lay out Wednesday amid calls for action after the massacre of 26 people including 20 children in a Connecticut elementary school. Newtown backlash prompts gun investment overhaul (Reuters) - Gun makers are facing pressure from some major U.S. investors after the Newtown elementary school shooting, with private equity firm Cerberus Capital Management LP announcing it would sell the largest U.S. manufacturer of firearms and major public pension funds reviewing their gun-related investments. Inquiry harshly criticizes State Department over Benghazi attack WASHINGTON (Reuters) - Security at the U.S. mission in Benghazi, Libya was grossly inadequate to deal with a September 11 attack that killed a U.S. ambassador and three others because of failures within the State Department, an official inquiry found on Tuesday. Utah boy charged with bringing gun to school, cites fears of Newtown attack SALT LAKE CITY (Reuters) - An 11-year-old Utah boy who said he brought a gun to school to protect himself from a Newtown-style attack, then brandished the pistol at three classmates during recess, has been detained on assault and weapons charges, a school spokesman said on Tuesday. NRA breaks silence, pledges to help stop massacres WASHINGTON (Reuters) - The National Rifle Association said on Tuesday it wanted to contribute meaningfully to prevent another massacre like the Connecticut shooting, suggesting a sharp change in tone for the largest U.S. gun rights group. Michigan appoints financial review team for Detroit DETROIT (Reuters) - Michigan Governor Rick Snyder on Tuesday appointed a financial review team for Detroit, the latest development in a process that could lead the city to file for biggest-ever U.S. municipal bankruptcy. Florida man plotted New York terrorist attack, prosecutors say FORT LAUDERDALE, Florida (Reuters) - A Pakistani-born man plotted to detonate a bomb in New York City to avenge the deaths of people killed by drone attacks in Afghanistan but failed to raise enough money to carry out the scheme, a federal prosecutor said on Tuesday. Precautionary lockdown at elementary school in Newtown (Reuters) - An elementary school in Newtown, Connecticut, was put on lockdown on Tuesday, the first day back at school for most of the town's children since a gunman killed 20 children and six adults in a shooting rampage at another grade school in town. Related Video U.S. Morning Call: UBS fined $1.5 bln for Libor rigging Market Pulse: UBS provision shortfall worrying: Olivetree Great Debate Examine inequality's causes before prescribing solutions Of states and heath insurance exchanges A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend