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Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million new vehicles when automakers report them on Wednesday, with a seasonally adjusted annualized sales rate of 16.6 million. Auto sales are a closely watched indicator of consumer demand, particularly for big-ticket items, and the industry accounts for roughly one-fifth of all U.S. Industry research firm Kelley Blue Book said incentives, including rebates and cash-back offers, were on track to end the month between $2,700 to $3,000 per vehicle. The biggest discounts were on mid-size sedans, which are staying on dealer lots more than 80 days before being sold, compared to 47 days for small crossover sport utility vehicles, Kelley Blue Book said.
WASHINGTON (AP) — President Barack Obama's acknowledgement the U.S. still lacks a strategy for defeating the growing extremist threat emanating from Syria reflects a still unformed international coalition.
NEWPORT, R.I. (AP) — President Barack Obama on Friday blamed dysfunction in Congress on a Republican Party he said is captive to an ideologically rigid, unproductive and cynical faction, urging like-minded Democrats to show up for November's midterm elections.