Separation from Nancy Pelosi

Some of the Democratic Party’s most endangered lawmakers are taking steps to distance themselves from Speaker Nancy Pelosi in an attempt to inoculate themselves from charges that they are beholden to the unpopular House leader and supportive of the ambitious national Democratic agenda. Three vulnerable Democrats from conservative-oriented districts are already running TV ads spotlighting their defiance of Pelosi. One freshman incumbent recently joked about the possibility of Pelosi not being able to take up the gavel next year because she might pass away. Another member from a tough district suggested he might run for speaker himself.Link

Seven US soldiers killed.........

Seven US troops were killed in two Taliban-style bomb attacks Monday in southern Afghanistan, the area hardest hit by the insurgency nearing the end of its ninth and most deadly year, NATO told AFP.Link

Bernanke Speech to Set Market.

Fed Chairman Ben Bernanke speaks on the economy and policy, at a time when both are shaky in the eyes of the markets. Bernanke's Friday morning address in Jackson Hole, Wyo. has become one of the most discussed, debated and dissected of his career, even before he's given it. "He's going to need a miracle to satisfy all these multiple expectations that are all over the place," said Art Cashin, director of floor operations at UBS. It is hoped that Bernanke will clarify two things - how bad the Fed believes the economy is getting and what it might do about it.Link

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