- The head of Scotland Yard has resigned following the arrest of Rebekah Brooks in connection to the ever widening phone hacking scandal. Rupert Murdoch and his son James are set to appear to before Parliament this week.
- The U.S. is accepting applications for $65 million in grants to promote democracy in Egypt.
- Targeted assassinations of Karzai associates continue in Afghanistan, as the Taliban quickly claims credit.
- Senate Minority Leader Mitch McConnell's deal is gaining momentum as Congress is set to spend the week engaged in kabuki theater, heading towards an increase in the debt limit. The White House still hopes for a big deal, but as Jacob Lew asked on Meet The Press yesterday, "Do we have a partner to work with?" Sadly, your editor does not believe they do.
- Presidential hopefuls burned through $32 million so far, in a new campaign spending report. Newt likes private jets, but not paying the bill. Mitt spent 18% of his budget on administrative costs. And President Obama spent about $5 million organizing fundraisers. Beyond the horse race and personal proclivities these kind of disclosures reveal, it concerns this editor the volume of cash spent in politics these days.