fast and furious, Top Lines: A new AP poll shows a majority of the public disapproves of the way President Barack Obama is handling the economy and that he’s in a dead heat nationally with Mitt Romney. …Spain sold $2.54 billion worth of bonds on Thursday, but at a pretty steep cost. … Decisions are due out from the Supreme Court shortly after 10 a.m. The immigration and Obama health law cases are still on the list, but many observers doubt they will be announced before next week.Key Reads:
A standoff between Republicans and the administration over a botched gun-trafficking operation escalated, with a House committee voting to hold Attorney General Eric Holder in contempt, alleging that he hasn’t complied with requests to provide enough information on Fast and Furious, writes Evan Perez in the Journal. House Republican leaders said they would bring the contempt measure to the House floor next week. Meanwhile, President Obama’s use of executive privilege in this case poses a “tricky” situation for him and has implications for his re-election campaign, according to David Nakamura of the Washington Post.
Major donors to Mitt Romney’s campaign are getting some extra access to the candidate and his top advisers this weekend in Park City, Utah, according to a preview from Sara Murray and Neil King Jr. in the Journal.
Politicians running for election are now making “Congress” a four-letter word and words like “Senate”, “senator” and “representative” make rare appearances in campaign ads, Rosalind Helderman writes in the Washington Post.
Robert Wolf, chairman of the Americas at UBS and President Barack Obama’s favorite banker, is being told to tamp down his high public profile, according to Susanne Craig of the New York Times. Mr. Wolf was profiled by the Journal back in April with the headline “A ‘Fat Cat’ With the President’s Ear.”
Top Op-Eds: Former White House economist Jared Bernstein makes the case in an article for RollingStone.com that austerity programs are holding back economic growth.
Meanwhile, The Wall Street Journal editorial board says that monetary policy uncertainty is holding back the economy and that “supply-side fiscal and regulatory policies” should be enacted.
Peter Orszag argues in an op-ed for Bloomberg View that voting should be mandatory because he believes that it is a duty of citizenship and would ensure that a majority of U.S. adults are electing the nation’s leaders
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