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.
This week, Ben Bernanke and the Federal Reserve will hold a rare two-day meeting to decide on interest rates, which are currently close to zero. Meanwhile, President Obama will release details of his deficit reduction plan this morning, and one key component is taxing the wealthy, which has many Republicans screaming "class warfare." The Clinton Global Initiative annual meeting begins tomorrow, and the primary topic of discussion will be jobs, as unemployment and poverty prove to be an ever-increasing global problem. Later in the week, the Palestinian Authority will ask the United Nations Security Council for full membership, which the U.S. has already said they will veto.
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.
Credit ratings agency Standard and Poor's downgraded the U.S.'s credit rating for the first time in history on Friday, causing jaws to drop across the country, and raising the blood-pressures of leaders worldwide as many held emergency meetings to fend off any backlash this news might create. President Obama will be preparing this week for his upcoming bus tour to reconnect with voters in the Midwest. Meanwhile, News Corp. will release their fourth quarter results on Wednesday, the PGA Championship kicks off on Thursday, and Dennis Rodman will be inducted into the Basketball Hall of Fame on Friday.
Dominique Strauss-Kahn is scheduled to return to court today to face arraignment in New York City. He is charged with raping a Manhattan hotel maid, the allegations shocked the world, especially France, where he was expected to be a strong contender for the presidency. Callie Crossley, host of The Callie Crossley Show, on WGBH in Boston says "I think this story is going to capture a lot of headlines for a long time." Kelly Evans, "Ahead of the Tape" columnist for The Wall Street Journal, looks at some key economic data coming out this week that could give us a clue at how the economy is doing.
A week ago, Osama bin Laden was found and killed by American special forces in Pakistan. A hefty amount of information has been retrieved from the compound, enough information to fill a "small college library," according to Tom Donilon, President Obama's National Security Adviser. A number of videos of Osama bin Laden were released to the public, including one, which shows the late terrorist watching videos of himself on a small television. Callie Crossley, host of "The Callie Crossley Show" on WGBH in Boston, looks at what all this intelligence will tell us about bin Laden, and how this affects the U.S. role in Afghanistan.
Congress continues to battle over the nation's budget. Could the government be headed for a shutdown? Charlie Herman, economics editor for The Takeaway and WNYC Radio, and Callie Crossley, host of The Callie Crossley Show on WGBH, look ahead to the week in news.
Whether or not to enforce a no-fly zone over Libya is becoming a hot issue in Washington. Many lawmakers like Senator John McCain (R-Ariz.) and Senator John Kerry (D-Mass.), are calling for a no-fly zone, as rebels in Libya face rough times against the better equiped Libyan armed forces. Callie Crossley, host of The Callie Crossley Show on WGBH in Boston, looks at what we can expect next in the Libyan crisis this week.
Egypt will likely dominate the headlines all week, with everyone waiting to see if President Hosni Mubarak will cede to the wishes of the protesters and step down. Calli Crossley, host of The Callie Crossley Show on WGBH in Boston, looks at what's ahead this week for the people of Egypt and its government. Charlie Herman, economics editor for The Takeaway and WNYC in New York, looks at the potential impact the uprising in Egypt could have on the price of oil, and on how it could impact trade on the Suez Canal.
The shooting of Representative Gabrielle Giffords in Tucson on Saturday rocked the country this weekend. The Takeaway’s Washington correspondent Todd Zwillich and Callie Crossley, host of The Callie Crossley Show on WGBH in Boston, take a look at how the shooting has changed the national agenda and what else we can expect this week.
Many Congressional Democrats are not happy with President Obama's compromise with Republicans on extending tax cuts. House Democrats showed that by voting not to bring up the tax bill last week. Callie Crossley, host of the Callie Crossley Show on WGBH in Boston, and Charlie Herman, economics editor for The Takeaway and WNYC, look at how the Senate plans to vote today on the bill.
With Thanksgiving approaching, how many notches you'll have to relax that belt buckle won't be the only question people will be asking. Much of the focus will be on air safety and retail sales. Many travelers are not happy about the latest security measures the TSA is using for secondary screening, including full-body scans and thorough pat-downs. Many see both as extremely invasive, but the TSA says that both measures will stay. Callie Crossley, host of "The Callie Crossley Show" at WGBH in Boston, will see if any changes will come as Thanksgiving quickly approaches.
Author and historian Howard Zinn died yesterday of a heart attack at 87. He was professor emeritus in the Political Science Department at Boston University and an author of more than 20 books, including the million-plus bestseller, "A People's History of the United States." Two weeks ago, he joined veteran journalist Callie Crossley on her show. We ask her about the legacy Zinn leaves behind him.
"From the black perspective it's, 'oh my God, I have to once again remind my young son how to interact with a cop because he will not be Henry Louis Gates, and if it can happen to Henry Louis Gates then it can happen to anybody.'"—Boston-based TV and radio commentator Callie Crossley