POLITICAL HOT TOPICS: Tuesday, October 25, 2011
October 25th, 2011
04:43 AM ET
10 years ago

POLITICAL HOT TOPICS: Tuesday, October 25, 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.

For the latest political news: http://www.CNNPolitics.com

CNN: Obama reveals new refinance rules at start of Western trip
President Barack Obama traveled to Las Vegas on Monday to launch a Western trip that mixes campaigning with presidential business - and an appearance on "The Tonight Show."

CNN: Obama makes war policy an election strength
It is a tradition of presidential politics in recent decades that Democrats get accused of being soft and inexperienced on military and foreign policy issues, and Barack Obama was no different in 2008. However, a string of foreign policy successes […] have made Obama seemingly invulnerable to the quadrennial Republican attack line.

CNN: Perry to propose 20% 'optional' flat-tax
Texas Gov. Rick Perry will propose giving Americans a choice between their current income tax rate or a 20% flat-tax rate when he announces part of his plan for the economy Tuesday in South Carolina.

CNN: Lawmaker: Treasury, not recipients, on hook in disaster aid dust-up
The U.S. Department of Treasury may have to absorb some of the cost of disaster aid erroneously paid to a family in Arkansas, as a U.S. senator threatens to continue blocking five nominations for high-level Treasury positions.

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

CNNMoney: Refinancing plan won't help housing market
The program is being touted as a way to help stabilize the housing market and stimulate the economy. But without addressing distressed homeowners and helping to clear the foreclosure glut, the effects will likely be limited, experts said.

Washington Post: Possible study of anthrax vaccine’s effectiveness in children stirs debate
The Obama administration is wrestling with the thorny question of whether scientists should inject healthy children with the anthrax vaccine to see whether the shots would safely protect them against a bioterrorism attack.

St. Petersburg Times: Florida judge blocks drug testing of welfare applicants
A federal judge on Monday temporarily blocked Florida's controversial law requiring welfare applicants be drug tested in order to receive benefits. … Gov. Rick Scott, who signed the measure into law on May 31, touted it as a way to ensure taxpayer money isn't "wasted" on those who use drugs.

New York Daily News: NBA lockout continues, league will cancel at least two more weeks, source says, announcement Tuesday
The NBA will be cancelling at least two more weeks of its season, according to a person familiar with the league's plans. The source told the Daily News that the announcement will be made by the league on Tuesday.

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

CNN: Official: Gadhafi likely to be buried Tuesday
As questions linger about his death and those of dozens of others, ousted Libyan leader Moammar Gadhafi is likely to be buried Tuesday - five days after he was killed in Sirte, and shortly after his body was displayed at a Misrata meat market - a Libyan official said.

CNN: U.S. pulls envoy from Syria over safety concerns
The United States has temporarily pulled its ambassador out of Syria as a "result of credible threats against his personal safety," State Department spokesman Mark Toner said Monday, accusing Syria of "incitement" against Ambassador Robert Ford.

New York Times: U.S. Agencies Infiltrating Drug Cartels Across Mexico
American law enforcement agencies have significantly built up networks of Mexican informants that have allowed them to secretly infiltrate some of that country’s most powerful and dangerous criminal organizations, according to security officials on both sides of the border.

CNN: Panetta talks tough about China, North Korea
In an op-ed published in Japan's largest daily newspaper, Panetta wrote, "China is rapidly modernizing its military, but with a troubling lack of transparency." He went on to criticize China's dealings with some of its neighbors, focusing on China's "increasingly assertive activity in the East and South China Seas."

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

CNNMoney: Netflix loses 800,000 subscribers
For Netflix, the hits keep on coming - the bad kind. The latest thwack: Netflix lost 800,000 U.S. subscribers in the quarter that just ended, which was littered with PR nightmares including a price hike and the Qwikster debacle.

Wall Street Journal: UBS Profit Slumps
UBS AG Tuesday reported a 39% decline in third-quarter net profit as trading and deal activity came to a near-standstill in some parts of the world because clients were reluctant to make new investments amid uncertainty from the European debt crisis.

CNNMoney: Stocks get merger, earnings boost
Caterpillar led the Dow's gains, after the equipment manufacturer reported record revenue for the third quarter and issued a strong outlook. Caterpillar said the eurozone debt problems and slowing U.S. economic growth are "concerning," but they are not signaling "the onset of recession."

In Case You Missed It…
Keeping Them Honest, Mitt Romney retreats from his health care bill, as news surfaces that illegal immigrants benefit.

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