And we're getting ready for what's expected to be the other major news of the morning — the 8:30 a.m. ET announcement from the Bureau of Labor Statistics about the September unemployment rate and how many jobs were or were not added to payrolls last month.
The Obama administration is urging Congress to rescind a decision blocking some aid to the Palestinians.
The congressional decision to put a hold on $200 million of aid money was prompted by the Palestinian Authority's bid for statehood recognition at the United Nations — something both the administration and Congress oppose. The funding cut is already having an impact in the Palestinian territories.
<p>Last summer, immigration rights activists in Los Angeles gathered for a rally calling on the government to act on immigration overhaul legislation. Strong Latino support helped President Obama win in 2008, but his support among those voters is slipping. </p>
Credit Mark Ralston / AFP/Getty Images
President Obama came into office with strong Latino support, having won two-thirds of the Latino vote, according to exit polls. But for some, that support has turned to disillusionment.
"There's a deep sense of betrayal and disappointment towards the Obama administration," said Sarahi Uribe, coordinator of the National Day Laborer Organizing Network.
Though most central bankers hate inflation, policies that promote inflation may boost the U.S. economy, some economists say.
Ken Rogoff, former chief economist at the International Monetary Fund, says the Federal Reserve's efforts to boost growth haven't worked and the central bank needs to be more forceful.
"They need to be willing, in fact actively pursue, letting inflation rise a bit more," says Rogoff, who is now a professor at Harvard. "That would encourage consumption. It would encourage investment. It would bring housing prices into line."
Businessman and GOP presidential candidate Herman Cain has been taking advantage of his recent rise to fame. Since he won the Florida straw poll late last month, he is everywhere: appearing on Sunday talk shows, promoting his new book and taking every opportunity to try to maintain his momentum.
People like the way he talks. His frank, motivational style has come out in GOP debates and in speeches.
<p>A job seeker makes a list of his skills during a workshop in Burlingame, Calif., targeted toward people who have been out of work for at least six months. According to the Labor Department, there are now more than 2 million people who have been jobless for at least two years.</p>
Long-term joblessness is one of the unfortunate legacies of the recession. Earlier this year, the Labor Department started tracking longer periods of unemployment. According to that data, there are now more than 2 million people who have been jobless for at least two years, and 700,000 of those have been looking for work for at least three years.