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: House approves short-term funding plan
Congressional approval of the measure keeps the government funded through October 4. The House will then have to consider a more comprehensive measure that would keep the government funded through November 18.
CNN: Romney to report between $11 and $13 million
Former Massachusetts Gov. Mitt Romney will report having raised between $11 and $13 million over the last three months, according to a source familiar with the tally. …That total is less than the $18.2 million that Romney collected during previous fundraising quarter.
Los Angeles Times: Obama's former campaign funders on Wall Street turn against him
The president's campaign struggled this week to sell out a fundraising dinner Friday at Manhattan's gilded Four Seasons restaurant despite its being hosted by America's No. 1 capitalist, Warren Buffett, according to people close to the campaign who were not authorized to speak publicly.
Newark Star-Ledger: Chris Christie seriously considering run for president in 2012
In the last week, [ New Jersey Gov. Chris] Christie has been swayed away from his earlier refusals to run by an aggressive draft effort from a cadre of Republicans and donors unhappy with the GOP field, said the source, who was not authorized to speak publicly and requested anonymity.
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Financial Times: Revised US growth data bring relief
The outlook for the US economy brightened a little on Thursday as revisions to data on growth and jobs suggested the country is further from a slide back into recession than previously feared.
CNN: Study: Largest U.S. group of poor kids is now Hispanic
For the first time in U.S. history, the largest single group of poor children in any racial or ethnic category is Hispanic, according to a new survey. …The Pew [Hispanic Center] analysis of new census data put the number of Hispanic children in poverty at 6.1 million in 2010.
Washington Post: Obama administration widens challenges to state immigration laws
The Obama administration is escalating its crackdown on tough immigration laws, with lawyers reviewing four new state statutes to determine whether the federal government will take the extraordinary step of challenging the measures in court.
CNNMoney: Dozens of Boeing workers charged in drug bust
Federal agents charged 37 current and former Boeing employees, plus one non-employee, Thursday morning following a 4-year undercover prescription drug abuse investigation at Boeing's Ridley Park location, said U.S. Attorney Zane David Memeger.
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CNN: U.S.-born Muslim cleric Anwar al-Awlaki killed: Yemeni officials
American-born Muslim cleric Anwar al-Awlaki, the public face of al Qaeda in the Arabian Peninsula, has been killed in Yemen, the nation's Defense Ministry said Friday. The U.S. regards al-Awlaki, who was believed to be hiding in Yemen, as the biggest threat to its homeland security.
TIME: Speaking Through His Wounds: Yemen's President Plays for Time
Despite an eight-month-long popular uprising, major military defections, international pressure to step down and an assassination attempt that nearly took his life in June, [Yemeni President Ali Abdullah Saleh] has made it clear that he will relinquish power only on his own terms.
CNN: U.S. ambassador safe after Syria attack
The U.S. ambassador to Syria, Robert Ford, was safe Thursday after being attacked by a pro-government group, a U.S. government official told CNN. "It was an attack by an armed mob and he is OK," said the official, who was not authorized to speak to the media and did not want to be named.
Bloomberg: Europe Prepares Next Crisis Steps After Merkel Rescue-Fund Parliament Win
With the European Commission now expecting the overhauled 440 billion-euro ($599 billion) European Financial Stability Facility in place by mid-October, euro finance chiefs will next week discuss accelerating enactment of a permanent rescue fund that provides more capital and a tool for managing defaults.
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CNNMoney: Bank of America to charge $5 monthly debit card fee
Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Whether you use your card for one purchase a month or 20, you will pay $5 per month starting in 2012.
CNNMoney: Dow ends higher after a wild day
Stocks went on a roller-coaster ride Thursday, as investors parsed through positive news in U.S. and Europe. After storming out of the gate in the morning, the Dow and S&P 500 bounced between positive and negative territory before a late rally put both firmly higher.
New York Times: Outsize Severance Continues for Executives, Even After Failed Tenures
A hallmark of the gilded era of just a few short years ago, the eye-popping severance package continues to thrive in spite of the measures put in place in the wake of the financial crisis to crack down on excessive pay.
In Case You Missed It…
Protests to end corporate greed continue near Wall Street but is the message catching on? CNN's Susan Candiotti reports.
CNNMoney: Bank of America to charge $5 monthly debit card fee
Right wing radio is having a field day with this development. They are unanimously blaming the Obama administration for the new fees. I guess they would rather pay $1.50 per transaction.
on the Wall Streeters abandoning the president for Romney: Is It any surprise? He's one of them. It's a shame, because the president helped bail them out with taxpayer's funds, and now they turn their backs on us. I understand that America needs the corporate sector to function, but it seems that there is a level of greed in their ranks that proves the Bible verse" ...For the love of money is the root of ALL evil". They owe America something.They played a large part in destroying the economy through corrupt business practices( so much for deregulation_ when nobody was guarding the hen house, they went berserk); and the business sector has closed many corporations here, and moved them abroad, putting many of the 15,000,000 plus of the unemployed out of work.
People accuse the president of playing " class warfare", but Americans have a reason to be angry. I, for one, don't care how much money Corporate America makes. This is America. That isn't the issue. The issue is:If they are the patriots that so many of them claim to be, then they need to step up to the plate, and help their country in a time of crisis.They are sitting on a trillion dollars that could be invested here, and if they end up making less profit right now, then so be it; because maybe that would be part of paying for the mistakes of the past.They helped wreck this economy, not it's time for them to help restore it.
On Immigration: If this country had a comprehensive immigration bill, none of this would be.It is an outrage.Republicans wanted more border security, and stepped-up deportation of illegals. The president has tried to comply with that , in hopes of getting cooperation on an immigration bill; but they have done nothing in return to bring about a bill, so now we have states passing their own immigration bills that are vehicles for racial profiling and strife in this country.This is a moral issue, and I think that it will be at the forefront of the presidential election, as it should.