Daily Political Wire

George Wenschhof

Economic Meltdown Next for Japan? - an monumental earthquake, a tsunami, and nuclear reactors experiencing radiation leaks, the impact on the already fragile economy in Japan is likely to be major. The Tokoyo stock exchange dropped 6.18% Monday. Look to see this also effect the U.S. economy. ThePage.com has more here.

---

Lack of Agreement on U.S. Budget - expect a three week extension to be passed by Congress this week as emocrats and republicans are unable to agree on funding levels for the remainder of this fiscal year. Still looming is the budget for next year which begins October 1, 2011 and the raising of the debt ceiling expected to be reached within the next month. Cnn.com has more here.

---

Obama to Speak at Virginia School Today - at Kenmore Middle School in Arlington, the president will talk about education reform which will include more power to states. TheHill.com has more here.

---

Obama Op-Ed on Gun Control - yesterday, in the Arizona Star, the president wrote about the need to come to agreement on gun control reforms. Two months after the tragedy in Tucson, the president's op-ed is weak and late, disappointing those on the left who had wished for a stronger statement from the president. You can read the op-ed here.

---

Duke Energy 10 Million Line of Credit for Democratic Convention Raises Eyebrows - Democrats put the message out early their 2012 national convention in Charlotte would not be funded by corporate interests. Politico.com has more here.

---

To receive "Daily Email Updates" from Air-it-Out with George Wenschhof, click on "Subscribe to this feed" below.