It's All Politics
10:20 am
Wed August 31, 2011

Obama's Address To Joint Session Would Be Same Time As GOP Debate

President Obama just told House Speaker John Boehner (R-OH) that he wants to address a joint session of Congress on Sept. 7, at 8 p.m. ET, to lay out his latest jobs plan.

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The Two-Way
10:09 am
Wed August 31, 2011

Obama Asks To Address Congress Next Week To Lay Out Jobs Plan

President Obama wants to lay out his latest jobs plan before a joint session of Congress next Wednesday at 8 p.m. ET.

In a letter sent to House Speaker John Boehner (R-OH) and just released to the news media, the president writes that:

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Economy
9:43 am
Wed August 31, 2011

What's Left To Fix The Economy If It Gets Worse?

With the U.S. economy stuck in neutral, analysts are busy adjusting their forecasts to include the possibility of another recession. Most aren't predicting another downturn, they're just saying that the odds have increased.

Meanwhile, policymakers at the Federal Reserve are divided about what to do next. Some are arguing for more aggressive action while others think that would be a mistake, according to minutes from their last meeting released on Tuesday.

Both the Fed and Congress are running out of ideas that they haven't already tried.

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The Two-Way
9:15 am
Wed August 31, 2011

Justice Dept. Sues To Block AT&T's Acquisition Of T-Mobile

The Justice Department just confirmed that it has "filed a civil antitrust lawsuit to block AT&T Inc.'s proposed acquisition of T-Mobile USA Inc."

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The Two-Way
8:55 am
Wed August 31, 2011

As Much As $60 Billion Of 'Waste And Fraud' In War-Related Contracts

"At least $31 billion, and possibly as much as $60 billion, has been lost to contract waste and fraud in America's contingency operations in Iraq and Afghanistan," the independent and bipartisan Commission on Wartime Contracting in Iraq and Afghanistan reported this morning.

That's out of the $206 billion that's expected to have been spent on contracts and grants in those two countries by the end of September, the commission says.

In its report, the commission adds that:

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Economy
8:14 am
Wed August 31, 2011

Demand For Autos Drives Up Factory Orders

U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders. The increase suggests supply chain disruptions created by the Japan crisis are easing.

Factory orders climbed 2.4 percent, the largest increase since March, the Commerce Department reported Wednesday. Orders for motor vehicles and parts rose 9.8 percent, the largest one-month gain since January 2003.

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The Two-Way
8:00 am
Wed August 31, 2011

Mucho Congratos To 'ElBloombito'

twitter.com/ElBloombito

One guy on The Two-Way's masthead speaks Spanish, and it isn't this blogger.

So I can't really poke fun at New York City Mayor Michael Bloomberg (I) for his efforts to hablar espanol during the news conferences he held before, during and after Hurricane Irene.

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The Two-Way
7:10 am
Wed August 31, 2011

'9/11 Commission' Leaders: Nation's Security Isn't What It Should Be

National Security Preparedness Group

Originally published on Wed August 31, 2011 7:13 am

While they believe "our country is undoubtedly safer and more secure than it was a decade ago," the co-chairman of the 9/11 Commission warn today that some of their panel's most important recommendations remain unfilled.

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The Two-Way
6:15 am
Wed August 31, 2011

Layoffs Slowed In August, But Were Still Far Above Year Ago

Originally published on Wed August 31, 2011 6:44 am

Government agencies and private employers said this month that they plan to lay off 51,114 workers, the outplacement consultants Challenger, Gray & Christmas reported this morning.

And while that's down 23 percent from the 66,414 layoffs announced in July, the August total was still "up 47 percent from a year ago," the firm said.

What's more, it added:

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The Two-Way
5:55 am
Wed August 31, 2011

Today's Headlines: Irene's Aftermath; Sept. 11 Panel's Report

Good morning.

States from North Carolina north to New England continue to cope with the aftereffects of Hurricane Irene, as we reported earlier. The Associated Press says 2.5 million customers still don't have power and that the death toll now stands at 44 people in 13 states. Flood waters continue to be huge problems in New Jersey and states to the north.

Meanwhile, other stories making headlines include:

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