President Barack Obama calls on Congress to pass a temporary, one-year extension of the Bush-era tax cuts for people who make less than $250,000 a year, during a statement in the East Room of the White House in Washington, Monday, July 9, 2012. (AP Photo/Susan Walsh)
President Barack Obama calls on Congress to pass a temporary, one-year extension of the Bush-era tax cuts for people who make less than $250,000 a year, during a statement in the East Room of the White House in Washington, Monday, July 9, 2012. (AP Photo/Susan Walsh)
Judges participate in the trial of Alaa and Gamal Mubarak, sons of outsted President Hosni Mubarak, on charges of insider trading, in a courtroom in Cairo, Egypt, Monday, July 9, 2012. The sons of ousted Egyptian leader Hosni Mubarak, one-time heir apparent Gamal and wealthy businessman Alaa, went on Trial on Monday charged with insider trading. The trial was adjoruned until Sept. 8 to allow defense lawyers to familiarize themselves with the case. The court also denied a request by the defense for the release on bail of the Mubarak sons. (AP Photo/Ahmed Gomaa)
In a June 20, 2012, photo ten-year-old Jacob Mosbacher guides a tractor through a bean field on his grandparents' property near Fults, Ill. Agriculture organizations and federal lawmakers from farm states succeeded last spring in convincing the U.S. Labor Department to drop proposals limiting farm work by children such as Jacob, whose parents say such questions of safety involving kids should be left to parents. (AP Photo/Jim Suhr)
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (all times EDT):
1. WHY THE FATE OF THE TAX CUT PLAN SEEMS DUBIOUS
Democrats want to push tax cuts through the Senate for companies that hire new workers while Republicans may use procedural blockades to derail the measure.
2. EGYPT'S LEGISLATURE CONVENES DESPITE COURT RULING
The Islamist-dominated parliament meets in defiance of a ruling by the country's highest court dissolving the legislature.
3. WHY VETERAN HOUSE DEMOCRATS FACE BIGGER ELECTION CHALLENGES
New district boundaries have turned several Democratic-leaning areas to evenly divided ones.
4. EURO FINANCE MINISTERS AGREE ON SPAIN BAILOUT
The deal which is expected to be finalized soon, says 36 billion euros can be ready by the end of the month.
5. EPISCOPAL BISHOPS APPROVE GAY BLESSING PRAYER
The House of Bishops voted to authorize a provisional rite for same-sex unions at a national convention that also cleared the way for transgender ordination.
6. LIKELY CAUSE OF MICHIGAN UNDERGROUND PIPELINE RUPTURE TO BE REVEALED
The NTSB is scheduled to vote on a report submitted by staffers who investigated the July 25, 2010 spill.
7. WHY THE FAILED CHILD LABOR LAW IS STILL BEING DEBATED
Labor Department officials say children performing farm work are four times more likely to be killed than those employed in all other industries combined, but parents call the law misguided.
8. WHY SOME ELDERLY AND VULNERABLE OWNERS ARE LOSING THEIR HOMES OVER $400
A National Consumer Law Center report says outdated state laws and misinformation allow big banks to buy houses for a pittance and resell them.
9. PRINCE BECOMES THE KING OF KANSAS CITY
Detroit Tigers slugger Prince Fielder blasted 28 homers to win the All-Star Home Run Derby for the second time.
10. WHY MR. OCTOBER WAS ASKED TO STAY AWAY
The Yankees want Reggie Jackson to steer clear of the clubhouse and team events following his pointed remarks about Alex Rodriguez and several former stars.
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