POLITICAL HOT TOPICS: Monday, July 9, 2012
July 9th, 2012
04:31 AM ET
2 years ago

POLITICAL HOT TOPICS: Monday, July 9, 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.

WASHINGTON/POLITICAL:

CNN: Obama to call for Bush tax cut extensions for lower-income Americans
President Barack Obama is expected to call on Congress to pass a one-year extension on the Bush tax cuts for people earning less than $250,000 a year. A White House official said Obama will make the announcement Monday at the Rose Garden, surrounded by working people. In addition, a campaign official said the campaign will "amplify the president's message on middle-class tax cuts" by hosting a series of events in battleground states all week across the country.

CNN: Poll: Obama holds slight edge over Romney in swing states
A new poll released Sunday indicates the presidential race between Mitt Romney and President Barack Obama is still tight in a dozen major battlegrounds. According to the latest survey by USA Today/Gallup, the president has a small advantage over his Republican rival, 47% to 45%, in 12 key states. The two-point margin falls well within the poll's sampling error.

CNN: McConnell: 50-50 chance Republicans will take the Senate
Senate Minority Leader Mitch McConnell hedged his bets Sunday when asked about the GOP's chances of winning control of the Senate in November. "50-50. I think it's going to be a very close, competitive election," the Kentucky senator said on CNN's "State of the Union." Republicans currently hold 47 seats in the Senate. Democrats hold 51, and two independent senators caucus with Democrats.

CNN: Romney says wealthy donors ‘by and large…doing just fine’
At an exclusive gathering in Southampton, Mitt Romney told wealthy donors he worries more about helping the poor and middle class rather than wealthier individuals there, including himself, who he believes are “by and large…doing just fine.” The presumptive Republican presidential nominee broke away from a weeklong vacation with his wife Ann and their large extended family at the Romneys’ New Hampshire home on Lake Winnipesaukee to attend a trio of fund-raisers in the Hamptons, the ultimate summer resort of the rich and famous.

NATIONAL:

CNN: Freeh group interviews Paterno foe in Penn State probe
Former FBI Director Louis Freeh's investigation into possible wrongdoing at Penn State University appears to be examining Coach Joe Paterno's apparent preference for handling scandalous issues internally, and what role that may have played in a potential cover-up involving former defensive coordinator Jerry Sandusky, convicted on 45 counts of child sex abuse on June 22. Freeh's group has been poring over internal Penn State e-mails and has interviewed a past university official about the way Paterno influenced a variety of disciplinary matters, according to a source with knowledge of the investigation.

CNNMoney: Internet blackout for thousands coming Monday
Hundreds of thousands of Internet users whose computers are infected with a particularly nasty virus will be unable to access the Web starting on Monday.
The Federal Bureau of Investigation will shut down Internet servers that it temporarily set up to support those affected by malicious software, called DNSChanger. Turning off those servers will knock all those still infected offline.

CNN: RFK assassination witness willing to testify for Sirhan Sirhan's lawyers
A woman who witnessed the 1968 assassination of Robert F. Kennedy says she has agreed to testify for Sirhan Sirhan's new defense team. Nina Rhodes-Hughes insists Sirhan was not the only gunman firing shots when Sen. Kennedy was murdered only a few feet away from her at a Los Angeles hotel. She says there were two guns firing from separate positions and that authorities altered her account of the crime.

CNN: Cold front breaks heat wave, brings storms
The relief was short lived. A cold front that pushed through the Midwest and Northeast on Sunday, finally breaking a stubborn heat wave, brought with it fresh storms - complicating recovery efforts in some places and causing even more damage. "It has been a tough few weeks for many Virginians. They have suffered from record breaking temperatures and an historic storm that brought widespread damage and power outages. Now, many have lost power again. I ask Virginians to remain patient and to continue to help each other get through this latest storm," Virginia Gov. Bob McDonnell said late Sunday.

INTERNATIONAL:

CNN: Egypt's president calls back dissolved parliament
Egypt's newly-elected president announced Sunday that he's overriding a military edict that dissolved the country's elected parliament and he's calling lawmakers back into session in defiance of the generals. The move is likely to please President Mohamed Morsy's backers in the Muslim Brotherhood, which won the largest share of seats in parliament in elections this year.

CNN: Officials search for more clues in disease killing Cambodian children
Health officials continued on Monday to investigate the causes behind the mysterious deaths of 64 children in Cambodia after saying they had made an important discovery over the weekend. The Institut Pasteur in Cambodia tested samples taken from 24 patients and found 15 had tested positive for Enterovirus Type 71 - a common cause of hand, foot and mouth disease that can also cause severe neurological complications, mainly in children.

CNN: Annan, al-Assad begin talks; Syria's military drills for foreign invasion
Former U.N. Secretary-General Kofi Annan was in Syria for talks Monday with embattled President Bashar al-Assad, the first meeting between the two since the collapse of a peace plan to end nearly 16 months of bloodshed that has left thousands dead. The news of the talks came as state-run media reported that Syria's military began conducting live-fire training exercises that simulate a defense against foreign attacks, while al-Assad's regime and the opposition traded new allegations of violence.

CNN: Israeli prime minister promises military draft reform after protest
A day after thousands of Israeli demonstrators demanded an end to rules that make ultra-Orthodox Jews exempt from the draft, Prime Minister Benjamin Netanyahu said Sunday that the nation's approach to military service must change. "The existing situation cannot continue. Neither the army, the economy nor society can continue on the current path," Netanyahu said at the start of his weekly Cabinet meeting.

BUSINESS:

CNNMoney: Investors' focus shifts to earnings
Investors are gearing up for a week full of earnings reports and domestic news, but Europe will once again be hard for U.S. investors to ignore.
Dozens of companies are set to kick off earnings season this week. All eyes will turn to JPMorgan Chase on Friday, as the company will post its trading losses tied to its bad hedge from its London unit.

The Wall Street Journal: Tighter Control for Euro Banks
Senior euro-zone finance officials, moving ahead on a plan to create a single overarching bank supervisor for all the countries in the 17-nation currency bloc, are settling on a framework that would create a new agency reporting to the European Central Bank to police the largest banks in the currency union, people involved in the discussions said.

CNNMoney: Lawsuits against banks loom in Libor scandal
The Libor interest-rate-fixing scandal has already cost Barclays more than $450 million. For the British banking giant and others, however, that could be just the beginning. Two dozen lawsuits have been filed against banks involved in setting Libor by plaintiffs who claim they lost money as a result of the rate's manipulation. And that's just in the United States - given Libor's global reach, investors around the world may have cases.

In case you missed it…
Obama Campaign senior adviser Robert Gibbs Sunday defended the campaign's attack ads against Romney.


Filed under: Political Hot Topics
soundoff (One Response)
  1. Gurgyl

    Cut taxes on American Middle Class, raise taxes on who ever make more than 250K or more. Obama12.
    PS: shhhhhh, did I forget telling this election is all about Rich v/s American Middle.Class!!!!

    July 9, 2012 06:31 am at 6:31 am |