Both campaigns responded to the Colorado shooting by pulling their ads in the state which could mean a week of toned-down campaigning. But then again, it might not.
Public companies are releasing their second quarter earnings reports this week. They're a key indicator of how the economy is doing. Meanwhile, Republicans are stilling planning their strategy for repealing Obamacare.
This week on the agenda: Greek election fallout, a federal reserve meeting, ongoing presidential campaigning, and the Vagina Monologues.
GOP Presidential candidates take the fight for the nomination to Illinois, while the Senate takes up the JOBS Act, a business de-regulation bill that SEC Chair Mary Schapiro warns would expose investors to fraud. The U.N. Security council meets to discuss the future of Afghanistan, while American officials debate the American role in the country. Finally, the Transportation Security Administration announces new regulations for elderly passengers as the owners of the Mets go to trial over money they made in the Madoff scandal.
Gas prices are going up and it's turning into a campaign issue. Gas prices have already risen 25 cents since the start of the year, putting them at $3.25 a gallon, a record high for this time of year. Occupy organizers turn their attention towards the more than 2 million people in prisons with what they're calling National Occupy Day in Support of Prisoners. Arizona Republican Senator John McCain is in Egypt trying to resolve a diplomatic dispute over American NGO workers in Egypt charged with using illegal funding to incite revolution.
This week Congress returns from recess and Republican presidential hopefuls step up campaigning in South Carolina. Google, Microsoft, Citigroup, Wells Fargo, Goldman Sachs and Bank of America, along with other major companies, will announce earning reports. Myrtle Beach's visitors bureau welcomes the six GOP candidates for a debate with a 525-ton sand sculpture of their likenesses; meanwhile, Comedy Central's Stephen Colbert mulls throwing his hat into the ring.
It's Monday morning, which means we're looking at the agenda for the week ahead. President Obama will make a west coast trip this week, hitting Seattle, the San Francisco Bay area, San Diego, Los Angeles and Denver, raising funds for his re-election campaign and advocating for his jobs bill. Back in Washington, D.C., Congress is in the midst of another stalemate over government funds. Meanwhile, some key economic indicators will be released this week, including home sales figures and consumer confidence reports.
It's Monday morning, which means it's time to take a look at what's on the agenda for the week ahead. President Obama will be preparing his Labor Day speech on the economy this week, and after after Hurricane Irene's chaotic visit to the East Coast, leaving billions of dollars in damage behind, he may have to rethink what he's going to say. Irene hit at a time when the U.S. economy is continuing to slump and millions are jobless. Unemployment figures will be out on Friday, and the Congressional Budget Office is predicting that employment will not return to normal levels until 2017. Meanwhile Greece, may not receive a bailout from the European Union, as Finland hesitates to approve it. All EU members must approve the bailout, for it to go into effect.