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  • WASHINGTON (AP) — President Barack Obama says the Greek financial crisis is of "substantial concern" but should not prompt "overreactions."

     

    Obama says he doesn't believe the crisis will deal a "major shock" to the American financial system, but adds that it's painful for the Greeks and could affect European economic growth.

     

    He says that, in turn, could have some ripple effects in the United States, such as reduced trade.

     

    Greece and its European creditors were assessing a last-minute proposal Tuesday by Athens for a new 2-year rescue deal submitted hours before the country's international bailout program expires and it loses access to billions of euros. Greece owes international lenders about $1.9 billion by the end of Tuesday but doesn't have the money to pay.

     

    Obama commented Tuesday at a White House news conference.

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  • SACRAMENTO, Calif. (AP) — The governor has signed a contentious bill to impose one of the strictest school vaccination laws in the country.

     

    Democratic Gov. Jerry Brown says in a statement Tuesday that science clearly shows vaccines dramatically protect children against infectious diseases.

     

    The bill strikes California's personal belief exemption for immunizations, requiring nearly all public schoolchildren to be vaccinated. While medical exemptions would still be granted to children with serious health issues, other unvaccinated children would need to be homeschooled.

     

    SB 277 was introduced after an outbreak of measles at Disneyland in December infected over 100 people in the U.S. and Mexico.

     

    California joins Mississippi and West Virginia as the only states with such strict requirements.

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