President Barack Obama’s re-election campaign announced today that it raised more than $86 million in the second quarter, setting a record for the most money raised by an incumbent in a single quarter. In a video sent to donors and supporters, Campaign Manager Jim Messina offered a preview of Obama’s campaign financial report, which will be released in full on Friday. Messina said the $86 million sum represents pooled money from the Obama for America campaign (OFA) and the Democratic National Committee (DNC).
On Wednesday, gold prices reached $1,580.70 an ounce, setting the stage for the eighth consecutive day of gains — a record unmatched since 2006. The price reflects worldwide financial fears, as the euro zone and United States debt crises rage on.
President Barack Obama warned that Social Security checks and payments to veterans might be at risk if a deal is not made on the debt ceiling.
Representative Ron Paul (R-Texas) has predicted that the United States will endure a bankruptcy.
Big and small employers around the country are reportedly not convinced that President Barack Obama is following through on his claim that he would reduce costly regulations.
An estimated one-third of malaria patients die from the disease each year. The disease is particularly deadly to children under the age of 5.
A gun rights advocacy group is warning law-abiding gun owners in Wyoming that they may be unintentionally and unavoidably violating a Federal law by driving down the road.
In an interview with CBS Evening News, President Barack Obama said that if the United States defaults on Aug. 2, he “cannot guarantee” that Social Security recipients will receive their checks the next day. “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it,” Obama said in an interview with Scott Pelley, according to excerpts available from CBSNews.com.
Libertarian-leaning Republican Representative Ron Paul announced today via Twitter that he has decided to not seek re-election to his seat representing Texas’ District 14. Paul has held the seat for 12 terms, nearly 24 years, but he told Texas news site TheFacts.com that he wishes to focus solely on his 2012 Presidential campaign.
Pakistani officials are incensed after an announcement that the Administration of President Barack Obama will cut some of country’s foreign aid. On Sunday, the President’s Chief of Staff, William Daley, confirmed an article from The New York Times, which reported that “(t)he Obama administration is suspending and, in some cases, canceling hundreds of millions of dollars of aid to the Pakistani military, in a move to chasten Pakistan for expelling American military trainers and to press its army to fight militants more effectively.”