POLITICAL HOT TOPICS: Friday, September 2, 2011
September 2nd, 2011
05:49 AM ET
3 years ago

POLITICAL HOT TOPICS: Friday, September 2, 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: Handling of jobs speech timing blurs White House message
The White House and House Speaker John Boehner's office announced Thursday they reached agreement for President Barack Obama to address a joint session of Congress on September 8, resolving a dispute that temporarily overshadowed the focus of the planned speech - job creation and economic growth.

CNNMoney: White House: Slower jobs recovery ahead
Like most economists, the White House's budget experts have grown less optimistic about economic growth and jobs, having been sobered by recent developments such as the debt crisis in Europe and continued troubles in housing.

National Journal: Democrats Distancing Themselves From Obama
It’s been a tough summer for swing-district Democrats seeking reelection in 2012 with a president at the top of the ticket whose approval ratings are in the weeds. As these members begin to focus on their reelection bids after Labor Day, they are increasingly calculating how close is too close to an unpopular President Obama.

New York Times: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

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

CNN: Firefighters responding to 9/11 at increased cancer risk
Firefighters exposed to toxic dust and fumes clogging the air after the World Trade Center towers collapsed 10 years ago are more likely to develop cancer, according to a new study.

CNN: Vermont eligible for disaster funds; Hatteras residents get good news
Residents of Hatteras Island, N.C., can begin going home Sunday morning, more than a week after most of them evacuated ahead of Hurricane Irene. …Meanwhile, President Barack Obama declared a disaster in Vermont, making federal grants and aid available to those who suffered losses from Tropical Storm Irene.

CNN: Report: Manufacturers lost track of more than 16,000 guns since 2009
Thousands of firearms have gone missing from manufacturers' inventories since 2009 "without a record of being legally sold," according to a report released Thursday by a gun control advocacy group. The report by the Brady Center to Prevent Gun Violence put the number of missing weapons at 16,485.

CNN: Years-long immigrant detentions unconstitutional, appeals court rules
Prolonged imprisonment of immigrants fighting deportation - without giving them bail hearings and without forcing the government to justify the detention - is unconstitutional, a federal appeals court ruled Thursday.

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

CNN: From voice said to be Gadhafi, a defiant message to his foes
In messages of anger and defiance broadcast Thursday, a man purported to be Libya's ousted leader, Moammar Gadhafi, urged Libyans to continue the fight and not surrender to "imperialist" forces.

Foreign Policy: Why Can't the Syrian Opposition Get Along?
The buoyant images of Libya's rebels, who are currently tearing down the last vestiges of Muammar al-Qaddafi's regime, have also underscored the challenges facing the fragmented opposition in another Arab country - Syria.

New York Times: Report Finds Naval Blockade by Israel Legal but Faults Raid
A long-awaited United Nations review of Israel’s 2010 raid on a Turkish-based flotilla in which nine passengers were killed has found that Israel’s naval blockade of Gaza is both legal and appropriate. But it said that the way Israeli forces boarded the vessels trying to break that blockade 15 months ago was excessive and unreasonable.

CNN: Two journalists found dead in Mexico City
The apparently strangled bodies of two women who worked for a weekly newsmagazine in Mexico City were found Thursday morning in a suburb south of the city, officials said. … Mexico City's attorney general's office said in a statement that the bodies were found around 7 a.m. and that both appeared to have been strangled.

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

Wall Street Journal: Fresh Scrutiny of BofA
U.S. regulators have pushed Bank of America Corp. to show what measures it could take if conditions worsen for the Charlotte, N.C., lender, according to people familiar with the situation. …The heightened scrutiny from the Fed is another pressure point for the 51-year-old [Chief Executive Brian] Moynihan, who faces mounting investor concerns about the bank's legal costs and its ability to withstand another economic downturn.

CNNMoney: Banks push stocks lower
Stocks ended Thursday's session solidly lower, as weakness in financial shares offset a stronger-than-expected manufacturing report that initially eased some investor jitters. However, all eyes are on Friday's jobs report.

CNNMoney: Netflix stock plunges as Starz ends contract talks
Netflix's streaming content catalog is about to take a big hit: Starz said late Thursday that it has ended contract renewal negotiations and will pull its movies and TV shows from Netflix early next year.

In Case You Missed It…
CNN's Arwa Damon visits Abu Salim prison where many of Libya's political dissidents were held.
http://www.cnn.com/video/#/video/world/2011/09/01/damon-abu-salim-prison.cnn


Filed under: Political Hot Topics
soundoff (2 Responses)
  1. T'sah from Virginia

    CNN: Handling of jobs speech timing blurs White House message
    It’s NOT blurred because MORE we’ll all tune and recognize all of its passages :-)
    (Okay – weak – but don't have time to think!!!!)

    CNNMoney: White House: Slower jobs recovery ahead
    And the WH has a horrific battle while the RIGHT would instead
    Allow the economy to struggle and the job market “drop dead!!”

    National Journal: Democrats Distancing Themselves From Obama
    They did this before and all it did was cause a lot of DRAMA
    Cost us the election in 2010 because DEMS could NOT storm the weather!!
    But no matter what is stated NOW – in 2012 we’ll come together!!

    New York Times: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
    Good – because the BANKS went on their personal BINGES
    And allowed their CEOs and BIG BOYS get their bonus
    Not caring about the “struggling” because “dollar signs” was their focus!

    Off to work – HAVE A NICE DAY!!

    September 2, 2011 06:51 am at 6:51 am |
  2. Rudy NYC

    New York Times: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
    --------------
    All of the debt and toxic assets are still out there. The bad loans have not gone away. Home prices are still way too high. Between 1996 and 2006, we saw a few decades of price increase over the span of just one. Selling prices became disconnnected from the actual home values. People got into bidding wars, sometimes against another customer with the same banking institution. Selling prices were determined by how much the banks were willing to lend, not by what the homes were actually worth. There is more correction in housing prices yet to come.

    September 2, 2011 08:58 am at 8:58 am |