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.
CNN: Deficit talks shift toward blame game
A week before their deadline, Democrats and Republicans on a special joint deficit committee blamed each other for a failure to compromise on how to reform the tax code and entitlement programs such as Medicare and Social Security.
CNN: Gingrich faces more questions about Freddie Mac
Former House Speaker Newt Gingrich spent a second day trying to campaign in Iowa but fending off questions about his relationship with mortgage giant Freddie Mac.
CNN: Millionaires ask Congress to raise their taxes
A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.
Washington Post: GOP supercommittee members’ tax plan gives party an identity crisis
Growing Republican support for raising taxes to help reduce the deficit has prompted a GOP identity crisis, sparking a clash within the party over whether to abandon its bedrock anti-tax doctrine.
CNN: Obama pledges U.S. military power in Pacific
President Barack Obama declared Thursday that the United States will take an expanded role in shaping the Asian Pacific region, with an increased military presence one step of that policy.
CNN: Man arrested in White House shooting probe
An Idaho man wanted in connection with a White House shooting incident was arrested Wednesday in western Pennsylvania, police and the U.S. Secret Service announced.
CNN: Storms sweep across the South, killing at least 4
Search teams combed through rural South Carolina on Thursday morning after a storm swept through the Southeast, killing four people and causing injuries in several states.
CNN: Two police departments say Penn State coach never filed report
Representatives of Penn State's campus police and State College police said Wednesday they have no record of having received any report from a Penn State assistant football coach about his having witnessed an alleged rape of a boy by former coach Jerry Sandusky.
CNN: Karzai aims to set limits on American troops
Afghan President Hamid Karzai sought to set limits on what American and NATO troops could - and could not - do in his country Wednesday in a lengthy speech to tribal elders.
CNN: Will Syria listen to anyone as crisis grows?
Syria has faced a chorus of criticism over its eight-month crackdown on opposition protesters that has left, according to sources reporting to the U.N., at least 3,500 people dead. The regime is showing no indication it will soften its position, so will President Bashar al-Assad be open to any outside influence?
CNN: Monti takes Italy's top job, aiming to end crisis
Mario Monti, the man tasked with hauling Italy out of the debt crisis that brought down Silvio Berlusconi, took office as prime minister Wednesday.
New York Times: U.S. Hones Warnings to Egypt as Military Stalls Transition
Brazen attempts by Egypt’s interim military rulers to hold on to power long after elections have elicited a sharp reaction domestically and for the first time have prompted Washington to warn about the potential for new unrest.
CNN Money: Stocks nosedive on EU contagion fears
Stocks took a nosedive in the final hour of trading Wednesday, when investors got spooked by a Fitch report that outlined U.S. banks' exposure to contagion from European sovereign debt.
CNN Money: The 1% more pessimistic about U.S. economy
Pessimism toward the U.S. economy - particularly concerning the near future - is rapidly growing among America's wealthy, according to the PNC Wealth and Values Survey released Wednesday.
Wall Street Journal: Banks Face Funding Stress
European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank.
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