BAGHDAD, Iraq (CNN) -- The Iraqi Cabinet on Sunday approved a security pact that would set the terms for U.S. troops in Iraq.

The agreement sets June 30, 2009, as the deadline for U.S. troops to withdraw from all Iraqi cities and towns, Iraqi government spokesman Ali al-Dabbagh said.

The date for all troops to leave Iraq will be December 31, 2011, he said.

Iraq's Cabinet approves U.S. security pact

WASHINGTON -- Michigan Sen. Carl Levin said Sunday the top executives of Detroit's Big Three automakers should consider resigning if necessary to convince Congress to quickly pass up to $25 billion in emergency loans for the struggling companies. "If it was the difference between getting this kind of support or not, obviously the management should consider resigning," Levin told NBC's "Meet the Press."

The Detroit Democrat said the government "should have more than a say" in management through an oversight board that would oversee the $25 billion in loans if they are part of the broader $700 billion Wall Street bailout, the source Democrats pushing for the aid prefer.

"I'd be happy to tell (GM CEO) Rick Wagoner that he ought to consider resigning if that is the difference between getting this kind of support and not," Levin said.

Levin: Big 3 CEOs should resign if necessary to get federal aid

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Open a Beer Bottle with a Ring [Clever Uses]

Arthur Laffer, economist and author of The End of Prosperity, says President-elect Barack Obama's tax plans and reckless spending by Congress will sink the U.S. economy and stock-market investors.

Video: Obama Will Tax Us to Death

RealMoney contributor Dan Dicker says the old investment bank model is dead so the Goldman we know doesn't need to exist.

R.I.P., Goldman Sachs

ALGIERS, Algeria (AP) -- More oil output reductions aren't likely this month because OPEC members haven't yet fully enforced previous quotas and the organization needs more data before it reaches a decision, the cartel's president said Sunday.

Chakib Khelil's comments came as Iran called for a new output cut of at least 1 million barrels per day, in addition to the 1.5 million cut decided by the Organization of Petroleum Exporting Countries on Oct. 24 to try to sustain slumping prices.

Oil output cuts not likely - OPEC chief

The Americans learned one lesson from Vietnam: don't count the civilian dead. As a result, no one knows how many Iraqis have been killed in the five years since the invasion. Estimates put the toll at between 100,000 and one million, and now a bitter war of numbers is raging. Jonathan Steele and Suzanne Goldenberg report
...
Finally, they point out that more recent data confirm their findings and even suggest a higher figure. The British polling firm Opinion Research Business (ORB) asked 1,720 Iraqi adults last summer if they had lost family members by violence since 2003; 16% had lost one, and 5% two. Using the 2005 census total of 4,050,597 households in Iraq, this suggests 1,220,580 deaths since the invasion. Accounting for a standard margin of error, ORB says, "We believe the range is a minimum of 733,158 to a maximum of 1,446,063."

What is the real death toll in Iraq?

WASHINGTON (MarketWatch) -- Few observers have ever seen anything like the economic data that will be released in the coming week, with the consumer price index and housing starts each expected to breach records dating back to the late 1940s.

With the global economy descending into a nasty recession, the October data could send a chill down the spine of policymakers, who are pulling out all the tricks in their tool kit to prevent a wider meltdown.

Treasury Secretary Henry Paulson said last week that "market turmoil will not abate until the biggest part of the housing correction is behind us."

It's not behind us yet.

Housing starts expected to hit half-century low - Consumer prices falling at fastest pace in 60 years, economists say

WASHINGTON — Sorry, Mr. President. Please surrender your BlackBerry.

Those are seven words President-elect Barack Obama is dreading but expecting to hear, friends and advisers say, when he takes office in 65 days.

For years, like legions of other professionals, Mr. Obama has been all but addicted to his BlackBerry. The device has rarely been far from his side — on most days, it was fastened to his belt — to provide a singular conduit to the outside world as the bubble around him grew tighter and tighter throughout his campaign.

Lose the BlackBerry? Yes He Can, Maybe

CNBC said the move is aimed at soothing market concerns that Citigroup is not doing what needs to be done to deal with difficulties including deteriorating share prices. Citing people close to the company, the report said the precise dimensions of the job cuts were not known Saturday afternoon but the organization might cut almost 40,000 jobs from its international workforce, estimated at 350,000.

CBNC's source said Pandit will likely announce that the layoffs will take effect in the relatively short term -- perhaps during the next five or six months.

"The object here is for people to take notice," a source told CNBC. "The exact number is still a moving target but it will be dramatic."

Report: Citigroup to lay off thousands