POLITICAL HOT TOPICS: Friday, October 28, 2011
October 28th, 2011
05:17 AM ET
3 years ago

POLITICAL HOT TOPICS: Friday, October 28, 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: 'Super committee' steps up negotiations, Boehner pushes for deal
As Democrats and Republicans on the "super committee" exchanged competing plans to slash the deficit, House Speaker John Boehner said he's opposed to the automatic spending cuts that would go into effect if the panel can't reach a compromise and is committed to getting a deal done by the deadline.

CNN: Can Perry afford to pass on debates?
The new tack raises the question: Can a major candidate with a track record of weak debate performances pass on nationally televised debates?

CNN: Cain wades into abortion controversy again
The campaign of Herman Cain again worked to clarify his stance on abortion Thursday night after the GOP presidential candidate raised new questions at a Texas campaign stop when he said he was "pro-life, no exceptions."

CNN: Tea party group to Bachmann: Quit the presidential race
A tea party group has a surprising and harsh urging for long-time tea party favorite Michele Bachmann: Quit the presidential race. "It's time for Michelle [sic] Bachmann to go," reads the first line of a statement from American Majority President Ned Ryun.

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

CNN: Occupy demonstrators to protest at financial headquarters
Occupy Wall Street demonstrators are scheduled to march on five major banks and financial services firms in Manhattan Friday, a day after a California mayor apologized for violence against demonstrators that saw them tear gassed and an Iraqi war veteran hospitalized.

CNNMoney: GDP report: Growth nearly doubles
The nation's economy regained some much-needed strength in the third quarter, as the pace of growth nearly doubled compared to the previous three months. Stronger consumer spending was a key driver in the improved reading.

CNNMoney: Medicaid costs balloon for cash-strapped states
As stimulus funds dry up, cash-strapped states are facing steep rises in Medicaid spending, forcing them to slash services and trim costs. States will have to spend another 28.7% on Medicaid this fiscal year - by far the largest increase ever, according to new data released by the Kaiser Family Foundation Thursday.

CNNMoney: Victims frustrated by new attention to Madoff
The media resurfacing of Bernard Madoff and his family has many victims of the notorious Ponzi schemer incensed over the attention being given to the man responsible for wiping out their life savings.

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

CNN: U.N. ends mandate for NATO mission in Libya
The United Nations Security Council voted unanimously Thursday to end military operations in Libya. The council adopted a resolution that rescinded its March mandate for military intervention in Libya, effectively ending the NATO mission there as of Monday.

CNN: Moderate Islamist party wins Tunisia poll amid postelection clashes
Tunisia declared the moderate Islamist Ennahda party the winner of elections held over the weekend, taking 90 of 217 seats in an assembly that will write a new constitution, state media reported.

New York Times: In Slap at Syria, Turkey Shelters Anti-Assad Fighters
Once one of Syria’s closest allies, Turkey is hosting an armed opposition group waging an insurgency against the government of President Bashar al-Assad […] and allowing them to orchestrate attacks across the border from inside a camp guarded by the Turkish military.

CNN: Sarkozy regret over Greece as Europe eyes China
As the dust settled after the latest agreement was struck to solve the Eurozone debt crisis, French President Nicolas Sarkozy admitted it had been a "mistake" to admit the stricken Greeks into the monetary union.

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

CNNMoney: Stocks soar 3% on Europe deal
U.S. stocks rallied right out of the gate Thursday, with the major indexes jumping about 3%, after European Union leaders agreed to expand Europe's bailout fund and take major losses on Greek bonds.

CNNMoney: HP decides to keep its PC business
Hewlett-Packard announced Thursday that it will continue selling personal computers after all, reversing an earlier decision to exit one of its core business lines. …The company said it believes the PC business is too ingrained in the company's supply chain and other key HP operations to let it go.

Wall Street Journal: Big Banks Blink on New Card Fees
A month after Bank of America got pummeled by consumers and politicians for introducing plans for new debit-card fees, most other big U.S. banks are steering clear of imposing similar charges.

In Case You Missed It…
Despite the jokes poked at Cain's new ad, Herman Cain's chief of staff tells CNN’s Erin Burnett they're serious about running and winning.
http://www.cnn.com/video/#/video/politics/2011/10/27/erin-mark-block-cain-smoking-ad.cnn


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