POLITICAL HOT TOPICS: Monday, July 25, 2011
July 25th, 2011
04:35 AM ET
10 months ago

POLITICAL HOT TOPICS: Monday, July 25, 2011

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.

WASHINGTON/POLITICAL
For the latest political news: http://www.CNNPolitics.com

CNN: Obama cancels fundraisers amid stalled debt talks
President Barack Obama has canceled two fundraising appearances Monday, a campaign official said, as weekend talks to resolve the nation's debt-ceiling crisis hit a new stalemate. Asian stocks also fell Monday, the first reaction in global markets after congressional leaders and the Obama administration failed to agree on a deal to raise the U.S. debt limit.

CNNMoney: No deal on debt ceiling
Republican lawmakers and [President Barack] Obama have been negotiating for months, looking for a way to both cut spending and raise the nation's legal borrowing limit. Meanwhile, the stakes are getting higher every day.

CNN: Pelosi calls for ethics investigation of Democratic Oregon congressman
House Democratic leader Nancy Pelosi is asking for an ethics investigation of Rep. David Wu of Oregon, who has resisted calls to resign following a news report alleging he made sexual advances toward the daughter of a longtime campaign donor. The allegations against Wu, a seven-term Democratic congressman, were published Friday by The Oregonian newspaper in Portland.

CNN: Bachmann links Pawlenty to Obama
After repeated attacks on her record from Republican presidential rival and fellow Minnesotan Tim Pawlenty, Michele Bachmann hit back Sunday, vehemently contrasting her record in Congress with his as governor.

CNN: 2012ers hit the road
2012 Republican presidential candidates are traveling this week, mostly in early presidential-contest states. Here's a look at where they're headed.

NATIONAL
For the latest national news: http://www.CNN.com

CNN: First New York couples wed under new same-sex marriage law
A city official married the first couple in New York City to wed under the state's new law allowing same-sex marriage Sunday. Phyllis Siegal, 76, and Connie Kopelov, 84, were married in a chapel at the city clerk's office as a crowd of onlookers cheered. Hundreds of same-sex couples heard the news Friday that they made the cut in the marriage lottery that New York state instituted for Sunday, the day that the state's Marriage Equality Act took effect.

CNN: Hotel maid goes public with allegations against ex-IMF chief
The maid who accused former International Monetary Fund Chief Dominique Strauss-Kahn of sexually assaulting her in a New York City hotel room has ended her months-long silence and gone public. Nafissatou Diallo, whose credibility has been questioned by Strauss-Kahn's lawyers and prosecutors, spoke to Newsweek magazine for an article posted on its website Sunday. She also conducted an interview with Robin Roberts of ABC News, which is set to air Monday on "Good Morning America."

CNN: NFL optimistic lockout will end as players meet over deal
An end to the NFL lockout may be imminent as a committee of league players is scheduled to meet Monday in Washington to consider an offer by club owners. A larger group of player representatives is on standby in case the 13-man executive committee votes on the deal, the NFL said Sunday on its website. If accepted, the deal would end the the lockout that started in March.

Wall Street Journal: Summer Cuts Launch Lunch Scramble
When schools in California and elsewhere closed for the summer to save money, educators expressed worries about the academic consequences. Now, many warn of low-income families losing the government-paid, and generally healthy, meals served there. Such low-cost alternatives as pasta and cereal served at home can contribute to childhood obesity, say advocates.

Arizona Republic: Obama administration debating care of U.S. national forests
The Obama administration is crafting a new plan to manage the nation's 155 national forests, including six in Arizona, for the next 15 to 20 years. …The U.S. Forest Service says the new plan, due by year's end, is urgently needed to replace the so-called forest-planning rule written in 1982 during the Reagan administration. That rule, which emphasized using the forests for logging, does not reflect the latest science on climate change and how best to protect wildlife and water, the Forest Service says.

INTERNATIONAL
For the latest international news: http://edition.cnn.com

CNN: Man accused of Norway terror attacks set to appear in court
A man who authorities say confessed to Norway's terror attacks is expected to make his first court appearance Monday, when, according to his attorney, he wants to "explain himself." The court appearance comes as authorities continue to search for possible victims of Friday's bombing in downtown Olso and a mass shooting at a political youth retreat on Utoya island. At least 93 people were killed and 96 were wounded in the attacks.

CNN: Europe's resurgent far right focuses on immigration, multiculturalism
The far right in Europe has enjoyed a renaissance over the past 30 years, driven by resentment of the growing powers of the European Union and by rejection of the "multiculturalism" that has accompanied rapid immigration from the developing world.

Washington Post: U.S. trucking funds reach Taliban, military-led investigation concludes
A year-long military-led investigation has concluded that U.S. taxpayer money has been indirectly funneled to the Taliban under a $2.16 billion transportation contract that the United States has funded in part to promote Afghan businesses. The unreleased investigation provides seemingly definitive evidence that corruption puts U.S. transportation money into enemy hands, a finding consistent with previous inquiries carried out by Congress, other federal agencies and the military.

Bloomberg: Greece Credit Rating Cut Three Levels by Moody’s
Greece’s sovereign credit rating was cut three steps by Moody’s Investors Service, which said the European Union’s financing package for the debt-laden nation implies “substantial economic losses” for private creditors. Greece’s long-term foreign currency debt was downgraded to Ca from Caa1, the ratings company said in a statement in London today.

CNN: Egypt's revolution at 6 months: 'We can't go back'
Six months after the improbable revolt that toppled one of the world's longest-serving rulers, protesters are once again camping in Cairo's Tahrir Square to demand speedy change. …The result is a revolution that remains incomplete, with the coalition that formed in Tahrir Square splintering over different visions of a post-Mubarak future. But few dispute that the uprising launched on January 25 has changed an ancient nation in a fundamental way.

BUSINESS
For the latest business news: http://www.CNNMoney.com

CNNMoney: Stocks: Big week ahead
Strap in for an eventful week in the markets. The debt ceiling clock is ticking and politics is strangling policy in Washington. At stake: The creditworthiness of the United States. Meanwhile, the end of the week will bring an important report on the economy: The first official reading on growth in the second quarter - a period when the recovery lost steam.

Houston Chronicle: Big Oil expects big profits, drivers’ anger over gas costs
Big Oil is expected to report another round of big profits this week after sharply higher crude prices during the second quarter helped boost their bottom lines, but few Americans are likely to celebrate the achievement. …Analysts said companies likely received the biggest boost in the April-June period from higher oil prices, which averaged $102.34 a barrel, up from $78.05 a barrel in the second quarter of 2010.

Detroit Free Press: Earnings are key as auto talks open
In the days ahead, the Detroit Three will report their second-quarter financial results and kick off national labor talks with the UAW. …The Detroit Three are likely to report combined profits of more than $4 billion, before one-time charges, despite the challenging economic backdrop of the last three months.

In Case You Missed It…
A Civil War battle commemoration provides a small Virginia town with an economic boost. CNN's Brianna Keilar reports.
http://www.cnn.com/video/#/video/us/2011/07/24/keilar.reenactment.economy.cnn


Filed under: Political Hot Topics
soundoff (One Response)
  1. MAC

    The republicans should not trust the democrats to not lie to them like they did Reagen and Bush 41 by promising spending cuts and not carrying out their promise of cuts, to get tax increases. The cuts need to take affect year one not years 8,9,10. If Americans want social security and medicare/medicaid to stay the same, then the tax rate for FICA taxes need to be raised on everyone. If the social security checks are not out as scheduled, that means the administration has lied to America about social security and medicare being solvent and have already spent the money. I would trust a used car salesman before I would trust the lawyers and politicians in government. If Obama's budget is not cut the CBO says the deficit will increase 12 trillion dollars over 10 years so for you who cannot add that is 14.5 trillion plus 12 trillion equals 26.5 trillion dollar deficit in 10 years. Then think what your taxes will have to be raised to for paying the debt off.

    July 25, 2011 04:45 am at 4:45 am |