The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
For the latest political news: http://www.CNNPolitics.com
CNN: Obama, lawmakers to resume debt talks
President Barack Obama and congressional leaders will continue to negotiate a possible deficit reduction deal this week to clear the way for congressional Republicans to back an increase in the federal debt ceiling. While discussions continued over the weekend after the last full negotiating session Thursday, no significant progress has occurred and the chances for a comprehensive deficit deal sought by Obama in coming weeks appear remote.
Bloomberg: Republicans’ Budget Balance Short on Details
Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not offering is clarity on how to get there. …A balanced-budget amendment would require cuts even deeper than those in the budget proposed by Representative Paul Ryan of Wisconsin, which was approved by the Republican-controlled House in April.
CNN: Obama to nominate Cordray to head new consumer protection bureau
President Barack Obama is expected to nominate former Ohio attorney general Richard Cordray to head the new Consumer Financial Protection Bureau on Monday. The announcement means Obama has passed over Elizabeth Warren, the firebrand law professor who envisioned the bureau.
CNN: Petraeus hands over command in Afghanistan
Gen. David Petraeus, the outgoing top commander of the NATO forces in Afghanistan, formally transferred authority Monday to incoming commander Marine Lt. Gen. John Allen. Petraeus plans to retire from the Army at the end of August and assume the CIA director's job September 6.
Washington Post: 2012 presidential race: Expense reports give peek at candidates’ priorities, styles
Mitt Romney is big into political consultants and security guards, underscoring the establishment nature of his campaign. Newt Gingrich is so fond of the Internet and luxury jets that he got himself $1 million in hock. …These and other details, gleaned from the first major spending reports of the 2012 campaign, provide a revealing look at the contrasting priorities and styles of the White House hopefuls.
For the latest national news: http://www.CNN.com
CNN: With no end in sight, record heat to move east
Much of middle America baked in a heat wave Sunday, with little respite in sight for Monday as temperatures and humidity are expected to make it feel warmer than 100 degrees Fahrenheit through much of this week. Excessive heat warnings have been declared by the National Weather Service in at least 14 states, most of those in the upper Midwest.
Minneapolis Star Tribune: Chance for quick budget deal fades
Four days after the announcement of a budget deal, fresh signs emerged Sunday that the agreement is not coming together as first hoped and that Republican legislative leaders are struggling to string together the necessary votes.
CNN: 'Carmageddon' ends early, while Los Angeles drivers change habits
Los Angeles survived what officials warned could have been a traffic nightmare this weekend when a section of one of the nation's busiest freeways, closed for construction, was reopened ahead of schedule Sunday. "Carmageddon, shmarmageddon," said Los Angeles County Supervisor Zev Yaroslavsky, as he and Los Angeles Mayor Antonio Villaraigosa announced at midday Sunday that Interstate 405 would reopen 17 hours before Monday's morning rush hour begins.
Wall Street Journal: Nuclear Plant Safety Proposals Put on Fast Track
Nuclear Regulatory Commission Chairman Gregory Jaczko wants his agency to decide within 90 days how to proceed with far-reaching safety changes recommended for the nuclear industry, including requiring plant owners to have greater levels of backup power and requiring possibly costly upgrades.
For the latest international news: http://edition.cnn.com
CNN: Scotland Yard chief, former editor latest hacking scandal casualties
The widening phone-hacking scandal that brought down one of Britain's biggest newspapers claimed two more casualties Sunday as authorities arrested the paper's former editor, and London's police chief announced plans to resign.
CNN: Egypt's new Cabinet: 14 new ministers; 13 stay in place
Egypt's prime minister has appointed 14 new ministers and kept 13 in their current positions in a much anticipated government reshuffle that attempted to satisfy opposition protesters that accused the country's military rulers and the prime minister of not being serious about political and economic reforms.
CNN: Rights groups urge the UAE to drop charges against activists
Four human rights organizations are urging authorities in the United Arab Emirates to drop charges against five pro-democracy activists. The trial against the five men, which began June 14, resumes Monday. They face charges of public insult against the president of the UAE and other top officials, Human Rights Watch said in a statement on its website Sunday.
CNN: New airstrikes rattle Tripoli in Libya conflict
Fighting between Libyan rebels and government troops raged around the eastern Libyan oil town of Brega throughout the weekend as NATO warplanes launched a sustained pre-dawn raid on Tripoli's eastern suburbs. …NATO said later that the targets were warehouses full of Libyan tanks, troop carriers and ammunition in Tajoura, about 16 kilometers (10 miles) from the city's center.
CNN: Maiden World Cup crown for Japan's women
Japan won the Women's World Cup for the first time on Sunday, denying the United States a record third title after twice coming from behind in the final and then winning a penalty shootout in Germany. Japan had come into the tournament as sentimental favorites, helping rally a nation that had been devastated by a March 11 earthquake and subsequent tsunami and nuclear disaster.
For the latest business news: http://www.CNNMoney.com
CNNMoney: Stocks: Investors await earnings deluge
Wall Street will be awash in corporate news this week, as some the nation's largest and most influential companies report their quarterly results. In total, more than a fifth of the S&P 500 and half of the 30-member Dow Jones industrial average will report their results this week, including General Electric, Goldman Sachs, McDonald's, Apple, Intel and IBM just to name a half dozen.
Wall Street Journal: Borders in Last-Ditch Talks
Borders Group Inc. inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.'s second-largest bookstore chain in business, said people familiar with the matter. …If a new bidder fails to emerge in the next 48 hours or so, a new wave of vacancies would hit big-box stores in malls and shopping centers across the U.S. About 400 Borders stores remain, including about 259 superstores.
NPR: Retailers Won't Wait For Their Back-To-School Boost
Believe it or not, the back-to-school shopping season has officially begun. For retailers, it's the second "most wonderful time of the year" next to the holiday shopping season. But analysts say low consumer confidence means spending this summer will probably be lackluster.
In Case You Missed It…
Venezuelan leader Hugo Chavez is back in Cuba for cancer treatment. CNN's Shasta Darlington reports.