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
CNNMoney: Obama to unveil $3 trillion in debt cuts
President Obama will unveil a plan on Monday to cut the national debt by roughly $3 trillion over the next decade. …A driving principle behind the proposal is that high-income individuals and corporations should pay more in taxes than they do currently so that they will bear some of the burden of debt reduction going forward.
CNN: Battle themes emerge for deficit reduction fight in Congress
There is a war going on in Washington, and the politicians waging it can't even agree on what kind it is. To Republicans, President Barack Obama and Democrats are waging class warfare by proposing tax reforms that would make wealthy Americans pay more than they do now. …Democrats refer to political warfare, with Republicans blocking the Obama administration's initiatives to better their chances of defeating him in next year's election.
New York Times: Retiree Benefits for the Military Could Face Cuts
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
CNNMoney: Poverty grows in Rick Perry's Texas
Texas Governor Rick Perry likes to brag that his state is an economic powerhouse. But don't tell that to the nearly one in five Texans who are living below the poverty line. While it's true that Texas is responsible for 40% of the jobs added in the U.S. over the past two years, its poverty rate also grew faster than the national average in 2010.
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CNN: TSA fires 28 over improper luggage screening at Honolulu airport
The Transportation Security Administration fired 28 of its employees - in addition to three who resigned or retired - following a probe that revealed bags were allowed onto planes at Hawaii's Honolulu International Airport without being properly screened, the agency said Sunday.
CNN: Georgia parole board to hear last-ditch appeal from death-row inmate
Options for the board include commuting a death sentence without parole, giving a convict a life sentence or denying clemency - which, in this case, would pave the way for [Troy] Davis' execution.
CNN: 'Significant new information' found in Nevada air race crash probe
The small, World War II-era plane that crashed Friday during a Reno, Nevada, air race was equipped with data and video recording devices that investigators hope to use to help determine what happened and why.
CNN: 'Modern Family' takes home five Emmys
AMC's "Mad Men" won a fourth consecutive best drama series Emmy, while the ABC sitcom "Modern Family" took top comedy honors at the 63rd Primetime Emmy Awards in Los Angeles Sunday night.
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CNN: 26 protesters killed, hundreds injured in Yemen
At least 26 protesters were killed and more than 550 were injured, hundreds by gunshot, when security forces fired live bullets and tear gas at a massive demonstration in Yemen's capital Sanaa on Sunday, a medic said.
CNN: Israeli PM: Palestinian bid for U.N. membership will fail
A Palestinian bid to become a member state of the United Nations will not succeed, Israeli Prime Minister Benjamin Netanyahu said Sunday, predicting the Security Council will not approve the move.
CNN: Dominique Strauss-Kahn: I felt 'trapped, humiliated'
The former head of the International Monetary Fund, arrested on sexual assault charges and then released after his accuser's credibility was questioned, acknowledged "moral weakness" in an interview Sunday but denied any violence or aggression.
Wall Street Journal: U.S. Weighs a Direct Line to Tehran
A series of "near-miss" encounters between American and Iranian forces in the Persian Gulf is pushing U.S. officials concerned about a broader conflict to weigh establishing a direct military hot line with the Islamic republic.
For the latest business news: http://www.CNNMoney.com
CNNMoney: Stocks: All eyes on Bernanke
All eyes will focus on Federal Reserve Chairman Ben Bernanke and his team of nine as they spend two days mulling over what monetary policy levers to pull to give the stalled U.S. economy a boost. The Federal Open Market Committee expanded its meeting to two days from one, which investors have taken as a sign that the policymaking committee will take action.
Wall Street Journal: Get 'Em While They Last: 'Daily Deal' Sites Dying Fast
The online business of serving up daily deals has attracted millions of dollars in venture capital and spurred dozens of clones of market leaders Groupon Inc. and LivingSocial Inc. Now the industry is starting to shake out.
CNN: UBS revises loss up to $2.3 billion in unauthorized trade
Swiss banking giant UBS lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion, up from earlier estimates of $2 billion. The losses resulted from unauthorized speculative trading over a period of three months, UBS said Sunday.
In Case You Missed It…
CNN's Ben Wedeman reports on newly liberated Libyan towns in the south.
Republicans have pulled out the "no" Playbook and selected...
...long drum roll....
Class warfare!!!!!!!!! Give them a big hand folks.
Okay dumbies. Sarcasm mode off. The super rich have had their tax cut for ten years.
Where are the jobs?
And – as an added bonus...where are the journalists asking that question?
►CNNMoney: Obama to unveil $3 trillion in debt cuts
And listening to the PUNDITS this morning, the stage is set for him to fall flat on his butt
Then Congress will finish him off suggesting NO WAY will they agree with any TAX CUTS
But then again – maybe this WON’T work – and finally EXPOSE the REAL NUTS!!
►CNN: Battle themes emerge for deficit reduction fight in Congress
In the end – defense, Social Security and Medicare will be hard to digest
►New York Times: Retiree Benefits for the Military Could Face Cuts
All of this coming out in “dribs and drabs” just telling us that we must…
Realize the “good old days” are gone and there is not much left we can trust
►CNNMoney: Poverty grows in Rick Perry's Texas
Wow – a state that is SO RICH but NOT everyone has a Lexus?
We must keep in mind when the REPUBS brag about “turning things around”
The LOWER will go much LOWER and make LESS and the RICH will remain on HIGHER ground!!!
Off to work – HAVE A NICE DAY!!! :-)