POLITICAL HOT TOPICS: Wednesday, May 16, 2012
May 16th, 2012
04:24 AM ET
2 years ago

POLITICAL HOT TOPICS: Wednesday, May 16, 2012

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.

Compiled by Laura Koran

WASHINGTON/POLITICAL:

CNN: Romney, GOP try to shift focus to deficit
Mitt Romney continued his blitz against President Barack Obama over the federal deficit on Tuesday, signaling a GOP shift away from social issues and back to what Republicans consider the president's Achilles' heel: the economy. The presumptive GOP presidential nominee gave a speech on government spending in the battleground state of Iowa, the same day as House Speaker John Boehner cautioned of another battle brewing in Congress over the national debt ceiling.

CNN: Ron Paul backers' plan: Transform the GOP
Ron Paul supporters have a plan. As they doggedly work the Republican system from the ground up, electing more of their team as delegates to the Republican National Convention, they have a heavyweight plan that's markedly different from the rumors of convention subterfuge and the guess of simply getting their candidate to the podium.

CNN: U.S. Chamber targeting New York state voters in YouTube ads
Targeted political advertising is heading to a new but very familiar frontier - YouTube. If you live in Syracuse or Long Island, New York, and go to the popular video sharing site in the next two weeks to find a news clip or view a favorite home decorating show, the first thing that will pop up on your screen will be a political ad.

CNN Money: Obama lists 2011 assets
The White House released documents Tuesday that show President Barack Obama and the first family hold assets valued at between $2.6 million and $8.3 million. The disclosure forms, required by the Ethics in Government Act, show the president's largest asset, by far, is U.S. debt in the form of Treasury notes and bills. In total, the president has between $1.6 million and $6.3 million invested in Treasury debt.

NATIONAL:

CNN: Sources: Medical report says Zimmerman had broken nose, other injuries after fight
A medical report by George Zimmerman's family doctor shows the neighborhood watch volunteer was diagnosed with a fractured nose, two black eyes and two lacerations on the back of the head after his fatal confrontation with Trayvon Martin. The medical exam, which was taken a day after Zimmerman's February 26 altercation with the unarmed 17 year-old teen, says Zimmerman suffered a "closed fracture" of his nose, according to two sources who have detailed knowledge of the investigation.

CNN: Four decades later, Medal of Honor for newlywed hero's sacrifice
When Obama presents Rose Mary Sabo Brown with the medal on the pale blue ribbon, it will complete a circle that began 42 years ago right after her husband's death. His unit had recommended him for the Medal of Honor, but somehow it didn't happen. A researcher discovered files about Army Spec. Leslie Sabo Jr., and now the earlier oversight has been corrected.

CNN: Georgia student with flesh-eating bacteria makes progress
The doctors for Aimee Copeland are promising a "roller coaster ride of highs and lows" in the coming weeks and months as she struggles against a rare flesh-eating bacteria, her father said. "Each day, we claim some small victory," Andy Copeland wrote Tuesday evening in his blog that details his daughter's battle. "We don't have to see physical progress, we seem to take comfort from simple words, silly actions and quiet moments."

CNN: Report: TSA security breaches mishandled
The Transportation Security Administration is failing to adequately report, track and fix airport security breaches, according to the Department of Homeland Security's inspector general. As a result, the TSA "does not have a complete understanding" of breaches at the nation's airports, says a report from the inspector general.

INTERNATIONAL:

CNN: U.S. says it's ready to receive Chen but waiting on China
The United States says it has taken all the necessary steps on its side to admit Chen Guangcheng, the Chinese human rights activist who ignited a diplomatic frenzy when he escaped house arrest last month. "We are ready when he and his government are ready," said Victoria Nuland, the U.S. State Department spokeswoman, on Tuesday. "We have been for more than a week now in terms of his visa to come pursue his studies."

CNN: Long-awaited Mladic war crimes trial opens Wednesday
Ratko Mladic, who is accused of orchestrating a horrific campaign of ethnic cleansing during the bloody civil war that ripped apart Yugoslavia, goes on trial Wednesday at the International Criminal Tribunal for the former Yugoslavia in The Hague, Netherlands.

CNN: Greek president calls meeting to set up caretaker government
Unable to cobble together a workable coalition, Greek President Karolos Papoulias has called for all parties to meet with him Wednesday to set up a caretaker government that will conduct new elections. Greece has been in a political deadlock since elections 10 days ago left no party with a majority. The leaders of three different parties have tried to form a coalition, but all have failed.

CNN: Murdoch insider Rebekah Brooks charged over phone-hacking inquiry
Former News International chief Rebekah Brooks blasted British prosecutors Tuesday for charging her with obstructing the investigation into phone hacking at media mogul Rupert Murdoch's British newspapers, calling the case "an expensive sideshow."

BUSINESS:

CNN Money: Boehner: Spending cuts must top debt ceiling increase
House Speaker John Boehner warned Tuesday that he won't permit another increase in the debt ceiling without a larger amount of spending cuts and reforms approved in tandem. "When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase. This is the only avenue I see ... to force the elected leadership of this country to solve our structural fiscal imbalance," Boehner said at a fiscal summit sponsored by the Peter G. Peterson Foundation, according to prepared remarks.

CNN Money: California could net $2 billion from Facebook IPO
Facebook's employees and investors aren't the only ones who will get a windfall from the company's IPO this week. California is hoping to reap a cool $2 billion in income taxes when those Facebook insiders cash in on their stock and options.

CNN Money: Bank of America offering up to $30,000 for short sales
Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. In short sale deals, the sale price of the home is less than what the seller owes the bank.

In case you missed it…
Anderson Cooper looks at an Obama campaign ad criticizing Bain, while he courts another private equity firm for funds.


Filed under: Political Hot Topics
soundoff (5 Responses)
  1. king

    The repubs are doing the same thing that Europe did to elect their conservative leaders, and that is harping on the budget to fool the gullibles in our society. I wonder how much riots will be going on in America when the repubs takes America's spending money and run Americans businesses to China, the way that bush did. Some of these people is like leading the sheep to the slaughter house, they go every time. Get off of what talking points fox news and the conservative radio stations are feeding you people, and look on the reality of what really is taking place. This is not your grandfather America anymore, where trickle down stayed in country, this is a global economy, where the best minds and cheap labor controls the economy. Countries like China and India are attracting more American businesses than America. Obama is competing with the slave labor from other countries by pushing middle class spending power to attract companies that have flee to foreign countries through bush tax cuts era, back home.

    May 16, 2012 07:30 am at 7:30 am |
  2. Wire Palladin, S. F.

    Running unopposed, Mittens received a little more than 70% of the vote in Oregon and Nebraska. Maybe repubes are becoming aware of his current support of the Ryan plan, immigration, tax cuts for the wealthy to lower the debt, minimum wage, seniors, veterans, more wars, raising the level of the cold war, attacking workers rights, attacking women's rights, and civil unions. His positions are subject to change, and his statements are not intended to be factual.

    May 16, 2012 07:30 am at 7:30 am |
  3. Wire Palladin, S. F.

    To Mittens, marriage is between two corporations my friend.

    May 16, 2012 07:31 am at 7:31 am |
  4. charlesName

    Thanks for your truth of the news. I say Obama in 2012 and hillery Clinton in 2016 save our values as Americans, tax the rich the same as workers. Fare tax to all rich, poor, and in the middle.

    May 16, 2012 07:42 am at 7:42 am |
  5. Gurgyl

    GOP is a cult. Election is rich v/smile class america

    May 16, 2012 07:42 am at 7:42 am |