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: Little to gain, lots to lose for Obama and Romney on guns
Don't expect President Barack Obama or Republican presidential candidate Mitt Romney to talk about the issue of gun control in the wake of last week's deadly mass shooting in Aurora, Colorado - there's little to gain from bringing up the issue.
CNN: Poll: Most Americans 'frustrated' with 2012 race
While Election Day is less than four months away, the 2012 presidential campaign has already been on the nation's radar for more than a year, and a new poll shows Americans are not pleased with the course of the race. Nearly eight in 10 Americans, or 78%, say they are "frustrated" by the ongoing political battle, according to a new Knights of Columbus-Marist survey released Tuesday.
CNN: Justice Department investigating Pennsylvania voter ID law
The Justice Department Monday launched a formal investigation into whether Pennsylvania's voter law requiring a photo ID discriminates against minorities, and demanded state elections officials produce detailed documents within 30 days.
CNN: Christie chides gun debate in Aurora aftermath
New Jersey Gov. Chris Christie on Monday chastised those who seized on Friday's Aurora, Colorado, shooting to call for gun law changes, saying it was too soon to use the massacre as part of a political debate. "This is just not the appropriate time to be grandstanding about gun laws," the Republican governor said at an event in Trenton, New Jersey. "Can we at least get through the initial grief and tragedy for these families before we start making them political pawns?"
CNN: Official: Trap in Colorado suspect's home had 30 homemade grenades, gasoline
The suspect in last week's deadly shooting rampage at a crowded Colorado movie theater boobytrapped his apartment with more than 30 homemade grenades and 10 gallons of gasoline, a law enforcement official who viewed video from inside the apartment told CNN Monday night.
CNN: Paterno loyalists call NCAA sanctions excessive
Within 24 hours, Joe Paterno's statue at Penn State University came down and his record as the winningest coach at the top level of college football disappeared. The steps by Penn State President Rodney Erickson and the National Collegiate Athletic Association drew sharply differing reactions Monday. They are the latest impact from a child sex-abuse scandal now linked forever to the university's storied football program.
CNN: U.S. traffic fatalities soar 13.5 percent in first quarter of 2012
Despite efforts to build cars to better withstand accidents and reduce threats posed by distracted driving, traffic fatalities for the first three months of 2012 have shown a "significant increase" compared with government statistics from a year earlier.
CNN: Sentencing set in Pennsylvania priest abuse case
The highest-ranking Catholic Church cleric charged and convicted in the landmark Philadelphia child sexual abuse trial is scheduled for sentencing Tuesday. Monsignor William Lynn was found guilty in June of one count of child endangerment, the first time a U.S. church leader has been convicted of such a charge. He could face three-and-a-half to seven years in prison for his conviction on the third-degree felony.
CNN: Attacks in Iraq kill at least 82 people, officials say
Attackers detonated car bombs and roadside explosives in at least a dozen attacks across Iraq on Monday as at least 82 people were killed and more than 180 wounded in one of the bloodiest days since the withdrawal of U.S. military forces in December, authorities said.
CNN: Pakistan spy agency chief to tell CIA: End drone strikes; ID targets for us to attack
The new chief of Pakistan's spy agency will urge the United States to end drone strikes on Pakistani soil and identify targets that the country's security forces can then attack, a senior intelligence official said. Lt. Gen. Zahirul Islam will deliver the message during a meeting with the head of the CIA on August 2, said the Pakistani intelligence official, who did not want to be named because he is not authorized to speak to the media.
CNN: A Syrian town's 'Street of Death'
After months of fighting, the regime's men finally abandoned this strategic crossroads. President Bashar al Assad's troops left behind a bullet-riddled ghost town patrolled by rebels and a handful of shell-shocked residents. Fighters had renamed the stretch of the Bab el Hawa highway, which ran through the center of town, the "Street of Death." Until recently, they said anyone who dared set foot on it became a target.
CNN: Iran in "open war" with Israel
Iran is in an "open war" with Israel, President Shimon Peres said Monday, as he pointed the finger at Iran and Hezbollah for last week's bombing in Bulgaria that killed five Israelis. In an exclusive interview with CNN, Peres said Israel will act to prevent further attacks.
CNNMoney: Moody's puts Germany on notice
Moody's cut the outlook on Germany's prized Aaa credit rating from "stable" to "negative" Monday. The move could precede a full-blown downgrade, which would mark a grim turn for a country long thought of as a bulwark of financial stability in Europe. The rating agency also revised the outlooks on the Aaa ratings of the Netherlands and Luxembourg from "stable" to negative." Finland maintained its Aaa rating and stable outlook.
CNNMoney: Nasdaq's Facebook payout still not enough
Nasdaq increased the amount it plans to spend to compensate trading firms for losses incurred by Facebook's botched debut, but experts say it may still not be enough. The stock exchange operator said it would boost the size of its accommodation program to $62 million, up from the $40 million proposed in early June, according to a regulatory filing late Friday.
CNNMoney: Skittish investors hold stocks lower
Stocks pared losses on Monday, but all three indexes still closed lower as worries that Spain may need a full-blown bailout sparked a global sell-off. "There seems to be a pattern whereby markets sell hard into the close of European markets and then see some relief," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. "Despite the comeback, Europe will continue to waffle the markets. It's all predicated on whether anything will be done to triage Spain's duress."
In case you missed it…
Alex Teves lost his life in the Aurora theater. His father, girlfriend and best friend share personal memories.