Of Obama's $86 million, 40% from bundlers  —  About 40 percent of President Barack Obama's record-breaking $86 million second-quarter fundraising haul came from big-money bundlers, according to a POLITICO analysis of donors listed on Obama's campaign web site.

Dow Jones CEO Les Hinton Stepping Down  —  Dow Jones CEO Les Hinton is leaving the company in the wake of the PhoneGate hacking scandal.  Hinton is the second high-ranking News Corp. executive to step down today, and the first major figure from the company's American operations.

REPORT: How CNN, MSNBC, And Fox Are Covering News Corp. Hacking Scandal  —  News Corp.'s long-simmering phone-hacking scandal has reignited, throwing its global media empire into turmoil.  As allegations of hacking into private citizens' voicemail increase, media and tabloid practices have been called into question.

Michele Bachmann officially leaves her church  —  Washington (CNN) - Republican presidential candidate Michele Bachmann has long been a darling of conservative evangelicals, but shortly before announcing her White House bid, she officially quit a church she'd belonged to for years.

Jackson Lee: Congress complicating debt ceiling because Obama is black  —  Rep. Sheila Jackson Lee (D-Texas) on Friday strongly suggested that members of Congress are making it difficult for President Obama to raise the debt ceiling because of his race.  —  “I do not understand …

Mitt Romney's cash advantage  —  Kasie Hunt does the math: … One of the more than incidental benefits to treading light in Iowa is that Romney will probably be able to keep a relatively low burn rate for much of the summer.  At the end of the quarter, Pawlenty had just $1.4 million …

Will coming debt ceiling deal save America's AAA credit rating?  —  Keeping America's gold-plated credit rating may take both a deal to raise the debt ceiling (which will happen) and a meaningful deficit reduction plan of around $4 trillion (which is not happening).

Obama Eliminates Warren as Consumer Head  —  President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.  —  The president's choice is a person who already works at the consumer agency, the person said today.

Perry's Briefing  —  Word in Austin is that Rick Perry is doing everything necessary to prepare for a presidential run, including brushing up on foreign policy.  —  We hear that he recently met with top national-security experts Doug Feith and William Luti.

Blogger Who Posted Marcus Bachmann's ‘Barbarians’ Remark: 'I Didn't Doctor a Damn Thing'  —  It's becoming increasingly difficult to keep track of all of Michele and Marcus Bachmann's anti-gay remarks and beliefs, but unfortunately, today brings with it yet another twist.

Obama makes his case to the left  —  President Obama recently took a beating from some on the left for suggesting that immediate deficit reduction is necessary to take the issue off the table and make it possible to spend more on liberal priorities later.  And Obama of course has regularly …

Body Scanners Improperly Added by TSA: Court  —  Airport body scanners that create unclothed images of passengers were improperly adopted by the U.S. as a primary screening tool, a federal appeals court ruled, while allowing their use to continue.  —  The U.S. Transportation Security Administration …

China Plans to Release Some of Its Pork Stockpile to Hold Down Prices  —  BEIJING — Some nations have strategic oil reserves.  Some keep grain reserves.  China has both, and something others have somehow overlooked: a national pork reserve.  —  And with the price of pig meat up 38 percent …

Pawlenty Steps Up Ames Push With $200,000 Ad Buy  —  ABC News' Matthew Jaffe reports:  —  In an effort to boost his struggling campaign ahead of the Ames straw poll on Aug. 13, Tim Pawlenty has reserved around $200,000 of TV advertising in the Des Moines media market starting Monday …

For First Time, Majority in U.S. Supports Public Smoking Ban  —  Little support for making smoking illegal, however  —  PRINCETON, NJ — A majority of Americans (59%) support a ban on smoking in all public places for the first time since Gallup initially asked the question in 2001.

House turns off light bulb standards by voice vote  —  The House on Friday morning moved to block federal light bulb efficiency standards without even a roll call vote.  —  An amendment from Rep. Michael Burgess (R-Texas) defunding the Energy Department's standards for traditional incandescent light bulbs …

Obama Publicly Backs Means-Testing Medicare (UPDATE) … WASHINGTON — President Barack Obama formally acknowledged on Friday that he would support a plan to means-test Medicare as a part of a deal to raise the nation's debt ceiling.  —  “I have said that means-testing on Medicare …