Media Digest (6/9/2011) Reuters, WSJ, NYT, FT, Bloomberg

Congressional leaders will consider tax cuts as part of talks on an increased US debt cap.  (Reuters)

Citigroup (NYSE: C) said hackers gained access to data on bank cards. (Reuters)

St Louis Fed Chief Bullard sees a US default as a major risk to international finance. (Reuters)

Brent crude moved to $118 after OPEC talks fell apart. (Reuters)

Coupons.com raised $200 million in a private share offer .(Reuters)

Rumors about M&A swirled around Nokia (NYSE: NOK). (Reuters)

Goldman Sachs Group (NYSE: GS) deals with Libya are under review by the US government. (WSJ)

The Senate failed to approve a deal to delay new credit card regulations for banks. (WSJ)

China residential prices have fallen and the move may hurt the economy. (WSJ)

Regulators continue to debate how much capital large banks must have in case of another financial crisis. (WSJ)

Exxon Mobil (NYSE: XOM) discovered huge oil and gas deposits in the Gulf of Mexico .(WSJ)

The Fed Beige Book showed some regions of the US are still in n economic recovery. (WSJ)

Fitch said it could downgrade US debt. (WSJ)

Texas Instruments (NYSE: TXN) revised earnings forecast lower because of poor demand from Nokia. (WSJ)

The S&P suffered its longest string of losses in two years. (WSJ)

Facebook facial recognition technology raises privacy concerns. (WSJ)

A drop in the volume of text messages could hit carrier earnings. (WSJ)

The FDA warned on large doses of Zocor. (WSJ)

Hedge funds are in a battle to fight a restructure of Ireland bank debt. (WSJ)

Sugar futures were up on concerns about Brazil crops. (WSJ)

China is not likely to repeat stimulus spending from three years ago. (WSJ)

Hedge funds are making corporate loans that banks avoid. (NYT)

BP plc (NYSE: BP) will focus on exploration outside Russia after deal talks there fell apart. (NYT)

The US is behind Europe and China in the development of clean technologies. (NYT)

As many as 275,000 small nonprofits will lose their status with the IRS. (NYT)

Lagarde said she was confident about her election to head the IMF. (FT)

US solar power companies are close to offer prices closer to those of fossil fuels. (FT)

IPOs like LinkedIn could bring back a tech bubble. (Bloomberg)

The head of the ECB may insist that the bailout of Greece is the responsibility of EU members. (Bloomberg)

Douglas A. McIntyre