KY Workplace Shooting: An employee at a plastics plant in Kentucky opened fire after an argument, leaving six dead including the shooter. The CEO says the killings are just a "total shock." The incident began when an employee began arguing with a supervisor around midnight — he then shot the supervisor before opening fire in a break room. The plant employs around 150 people and makes plastic siding for homes.
Divers Pull Bodies From Typhoon: 100 divers search the wreckage of the capsized Philippine ferry, finding no additional survivors yet. When the seven-story ferry sunk in less than a half-hour during a powerful typhoon, the 800 passengers had little time to prepare, but the transportation undersecretary says she's hoping for "a miraculous air pocket somewhere in the ship." Only 62 of the 800 passengers have been found alive. The shipwreck could raise the typhoon's death toll to more than 1,300, with 329 people confirmed dead from flooding and landslides and more than 200 still missing.
Mortgage Aid Could Pass: The US Senate could pass a mortgage aid plan as soon as today. The massive foreclosure rescue bill cleared a key Senate test yesterday by an 83-9 margin, with both parties eager to help homeowners. The plan would let the Federal Housing Administration back $300 billion in new, low-cost home loans for about 400,000 distressed borrowers who would be considered too financially risky to qualify for government-insured, fixed-rate loans. Though it could pass vote today, President Bush is threatening a veto and Democrats are still fighting each other over key details, possibly delaying any final deal until mid-July.