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.
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CNN: Obama to meet with farmers, business owners on bus tour's second day
The president is scheduled to attend a rural economic forum in Peosta, Iowa, with members of the White House Rural Council. Obama created the council in June to report on the economic climate in rural America. …Also Tuesday, the president will sit down with CNN's Wolf Blitzer for a one-on-one interview.
CNNMoney: Decoding Buffett's tax plan
Warren Buffett is once again begging Congress to tax him more. …In Buffett's view, the very rich don't pay enough in taxes. And he doesn't think asking them to pay more will discourage investment or job creation. Some people will disagree with him on one or both those points. But here's a breakout on what he is talking about.
Washington Post: Obama wants plan for federal mortgage role
President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to people familiar with the matter.
CNN: Perry brushes off Bush comparisons
Texas Gov. Rick Perry dismissed comparisons between himself and former president George W. Bush on Monday, calling them "inevitable" but unfair. "I am Rick Perry and he is George Bush," Perry declared as he marched through the Iowa State Fair, surrounded by reporters. "And our records are quite different."
Houston Chronicle: Former Bush aide calls Rick Perry’s “treason” comment about Fed Chair Bernanke “inappropriate and unpresidential”
Sounding more like Ron Paul than Ronald Reagan, Gov. Rick Perry today suggested that Federal Reserve Chairman Ben Bernanke’s policy designed to stabilize the U.S. economy could be “almost treacherous or treasonous” and suggested that Texans might want to treat the Republican economist “pretty ugly” if he “prints more money between now and the election.”
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CNN: BART reopens stations after protest threat fades
Transit officials in San Francisco reopened all downtown subway stations Monday evening after successively opening and closing them to stem the threat of spreading protests. …On the streets, small groups of protesters could be seen gathering to criticize BART after several shootings involving its police officers - the latest coming last month and resulting in the death of 45-year-old Charles Hill.
CNN: Tough questions emerge as Indiana fair victims are remembered
Family and friends of the people killed when a concert stage collapsed paused to remember their loved ones Monday, as officials began tackling the question on many people's minds: Was anyone at fault?
Los Angeles Times: ATF promotes supervisors in controversial gun operation
The ATF has promoted three key supervisors of a controversial sting operation that allowed firearms to be illegally trafficked across the U.S. border into Mexico. All three have been heavily criticized for pushing the program forward even as it became apparent that it was out of control.
Arizona Republic: Immigrant deaths along Arizona border drop 38 percent
Migrant deaths along the Arizona border are down significantly this year, corresponding with a sharp drop in apprehensions by the Border Patrol. The Border Patrol's Tucson Sector has recorded 132 migrant deaths through July 31, a 38 percent drop compared with the 212 migrant deaths logged during the same 10-month period in the fiscal year before.
CBS News: Radical overhaul of military retirement eyed
The military retirement system has long been considered untouchable – along with Social Security and Medicare. But in these days of soaring deficits, it seems everything is a potential target for budget cutters. A Pentagon-sponsored study says military pensions are no longer untouchable – they're unaffordable.
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CNN: High-level Tripoli government official leaves Libya
A senior government official arrived Monday in Cairo amid rumors that he had defected, Egypt's state-run Al-Ahram newspaper reported. Nasr al-Mabrouk Abdallah arrived with nine of his family members on a private plane from Djerba, Tunisia, the newspaper reported, citing an unidentified airport official.
CNN: Mubarak trial won't be televised, judges rule
The trial of Egypt's former President Hosni Mubarak will take place behind closed doors, Judge Ahmed Refaat announced Monday, citing "the public interest" as he barred television cameras from the court. Judges also combined the case against Mubarak with that of former Interior Minister Habib al-Adly, Refaat said.
CNN: Activists: Torment in Palestinian refugee camp in Syria rages on
The Syrian government vehemently denied reports that more than 5,000 Palestinians fled a U.N. refugee camp in the port city of Latakia after it came under fire from Syrian security forces. The state-run Syrian Arab News Agency also reported Tuesday that reports of a navy shelling on Latakia's al-Ramel area are "completely untrue."
CNN: U.S. military: Wave of attacks in Iraq 'eerily similar' to last year
A barrage of attacks struck Monday across Iraq, killing at least 92 people and wounding more than 200, said officials, who likened the attacks to another outbreak last year. It was the worst wave of violence to strike the country in months, taking place on the halfway mark of the Muslim holy month of Ramadan.
CNN: Cameron blames U.K. riots on 'moral collapse'
[Prime Minister David] Cameron listed problems including "Irresponsibility. Selfishness. Behaving as if your choices have no consequences. Children without fathers. Schools without discipline. Reward without effort. Crime without punishment. Rights without responsibilities. Communities without control," in a speech in his constituency in Oxfordshire.
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CNNMoney: Google to buy Motorola Mobility for $12.5 billion
In a surprise deal that would be its largest acquisition ever, Google has agreed to buy Motorola Mobility for $12.5 billion, the two companies said Monday. Google, the world's search leader, said it believes the mobile device maker will help it gain an even stronger foothold in the mobile marketplace.
CNNMoney: 'Merger Monday' boosts Dow 214 points
U.S. stocks moved solidly higher Monday, with major indexes rising about 2%, as merger activity set a positive tone on Wall Street. …The return of "Merger Monday" boosted investor sentiment. Google agreed to buy Motorola Mobility for $12.5 billion, the two companies said Monday.
Wall Street Journal: Wal-Mart Loses Edge
Wal-Mart Stores Inc. is losing its longstanding reputation for offering consumers the lowest prices, complicating its efforts to end a two-year sales slump in the U.S. The Bentonville, Ark., retail colossus became the world's largest store chain by avoiding sales gimmicks through "every day low prices" on everything from food to sporting goods under one roof.
In Case You Missed It…
A British newspaper editor skewers American cuisine while publishing an unflattering photo of Rep. Michele Bachmann.