There is no shortage of stories dominating the news this week, but what will be leading the headlines on Sunday morning? These are some of the stories we are looking at this week.
NAACP Convention Speakers: Vice President Joe Biden and GOP presidential candidate Mitt Romney are keynote speakers at the 103rd annual convention for the nation’s oldest and largest civil rights organization. Creating jobs and stabilizing the economy is the driving force in this presidential election cycle. With national unemployment at 8.2% and African-American unemployment going up from 13.6% to 14.4% in June, Black voters are looking for a leader who can help create jobs in their community. “This is an important election year and communities of color will play a huge role in deciding the outcome in any number of races across the country,” said NAACP President Ben Jealous.
Bankruptcy From City to City: The cities of San Bernardino (Calif.) Stockton (Calif.) and Scranton (Penn.) have filed for bankruptcy. To save their cities from a major economic crisis, city officials have started to cut back on spending. For example, Scranton’s Mayor Chris Doherty said the only way for his city to survive this economic hardship was to pay about 400 city workers minimum wage ($7.25 per hour). Stockton and San Bernardino have become the third California city to file for bankruptcy in less than a month, with a combined budget deficit of $71 million. "The reality is the gap is so big and so broad, we have to do something this drastic. This is not what we wanted to do but this is what we have a responsibility to do,” said Stockton’s Mayor Ann Johnston.
Middle Class Tax Hike: Earlier this week, President Obama urged Congress to increase taxes for families that make more than $250,000 a year while extending tax cuts for low and middle income families. The president wants Congress to pass a one-year extension of the Bush tax cuts for households making less than $250,000 before their end of the year expiration date. “Let’s not hold the vast majority of Americans and our economy hostage while we debate the merits of another tax cut for the wealthy," said Mr. Obama while speaking in the East Room of the White House.
Much more to come, make sure to check back Friday for our full Rundown and don’t forget to tune in Sunday at 9am & Noon ET.