Daily Political Wire

George Wenschhof

Obama Wants Extension of Middle Class Tax Cuts - President Obama will make this announcement from the Rose Garden at the White House today.  He will then travel to Iowa tomorrow where he will ask voters to push Congress to extend the tax cuts for those earning less than $250,000 for one year.  TPM.com has more here.

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Obama Leads Romney 48%-44%, Swing States remain Close - the latest USA Today/Gallup poll reflects the closeness of the race with four months to go until the election.  In the twelve battleground states, Obama leads Romney 47%-45%.  TheHill.com has more here.

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Euro Zone Remains Fragile - In spite of efforts made by the 17 nation union to stabilize their monetary system, problems remain.  Perhaps, it is time to recognize the euro zone, in it's present system, has too many flaws to overcome.  Instead, a reasonable move to end the eurozone may be in order.  Reuters.com has more here.

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Elizabeth Warren Raises $8.6 Million in Second Quarter - the Democratic candidate for U.S. Senate in Massachusetts now has $13.5 million cash on hand.  Republican Senator Scott Brown's campaign has not released numbers yet.  Politico.com has more here.

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Romney Outraises Obama in June - the campaigns reported raising $106 and $71 million for the month of June.  The 2012 campaign will be the most expensive in U.S. elections with the initial projection of a one billion campaign now being raised to 2 billion.  The NY Times has more here.  Campaign Finance reform, anyone?

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Egypt President Morsi Orders Parliament Reinstated - the move to democracy in Egypt has been anything but smooth and the latest oder by the newly elected president will certainly create an internal conflict with the military. The military had used the court to disband the elected parliament prior to the presidential election, which Morsi won. The highest court of Egypt said their decision was final and binding. Yet, President Morsi has scheduled a meeting with parliament on Tuesday. Stay tuned... The Washington Post has more here.

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Annan Renews Syrian Peace Talks - Kofi-Annan, negotiating on behalf of the U.N./Arab League announced talks with Syrian President Bashar al-Assad had resulted in an agreement to end the violence.  Annan indicated he will travel to Iran to discuss the situation and share details with the Syrian opposition.  CNN.com has more here.

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