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Fed to look into insurance contracts on Greek debt

WASHINGTON — Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into the use by Goldman Sachs and other Wall Street firms of a sophisticated investment instrument to make bets that Greece will default on its debt.

Officials: Taliban leader killed by missile strike

PARACHINAR, Pakistan — Pakistani intelligence officials say a Taliban commander wanted in connection with the 2006 bombing of the U.S. consulate in Karachi has been killed in a suspected CIA missile strike.

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