Obama plan: Destroy Romney  —  Barack Obama's aides and advisers are preparing to center the president's re-election campaign on a ferocious personal assault on Mitt Romney's character and business background, a strategy grounded in the early stage expectation that the former Massachusetts governor is the likely GOP nominee.

As Rioting Widens, Cameron Deploys 10,000 More Police  —  By ALAN COWELL, RAVI SOMAIYA and JOHN F. BURNS  —  LONDON — Prime Minister David Cameron pledged on Tuesday to flood the streets of London with 10,000 extra police officers and said Parliament would be recalled in emergency session …

Is Obama Smart?  —  A case study in stupid is as stupid does.  —  The aircraft was large, modern and considered among the world's safest.  But that night it was flying straight into a huge thunderstorm.  Turbulence was extreme, and airspeed indicators may not have been functioning properly.

The most powerful man on Earth?  —  A familiar air of indecision preceded President Obama's pep talk to the nation.  —  The first draft of his schedule for Monday contained no plans to comment on the downgrading of the U.S. credit rating by Standard & Poor's.

The Day of Reckoning in Wisconsin Recall Fight  —  Outside groups, finger-pointing and acrimony have nearly eclipsed the original reason six state senators face voters today  —  Wisconsin is tired of standing.  —  First the state was told to “Stand with Walker.”  —  Ever since then, it's been “Stand with Rob Cowles.”

Obama Cancels Schedule to Meet Returned Bodies of Fallen Soldiers  —  President Obama will travel to Dover Air Force base later on Tuesday to honor the 22 Navy SEALs and eight other American troops killed in Afghanistan on Saturday when an insurgent shot down their helicopter …

CNN Poll: Time to clean house in Congress?  —  Washington (CNN) - Need more evidence that Americans are extremely angry at Congress?  —  Well, here you go: According to a new national survey, for the first time ever most Americans don't believe their own member of Congress deserves re-election.

For immediate release  —  Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected.  Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up.

Burgess meets with unhappy Tea Party group  —  KELLER — Hours after the Dow Jones industrial average closed down more than 600 points Monday, U.S. Rep. Michael Burgess, R-Lewisville, heard from local conservatives who were unhappy that he supported legislation that many believed led to the calamitous day on Wall Street.

Obama's job approval  —  President Obama's job approval rating is 50% or higher in 16 states and D.C. Roll over each state to see how each rated Obama.  The darker the shade of the state, the higher his overall approval rating.  —  Source: Gallup  —  WASHINGTON — Another “wave” …

Rick Perry to make Iowa speech on Sunday  —  Texas Gov. Rick Perry will speak Sunday at a fundraiser hosted by the Black Hawk County Republicans, his campaign has confirmed.  —  Texas Gov. Rick Perry gives a thumbs up on Aug. 6th as he takes the stage at The Response, a call to prayer for a nation in crisis in Houston.

Bachmann's ‘Must-Read’ List Included A Book That Claims Blacks Were ‘Better Off In Nearly Every Way’ Under Slavery  —  Minnesota Rep. Michele Bachmann (R) has already made one slavery-related gaffe during her presidential campaign, signing a pledge produced by the Iowa FAMiLY LEADER …

About that plane over S&P  —  Who sent an aerial message to Wall Street?  —  Courtesy of NY Observer  —  Earlier today, a plane flew over S&P headquarters trailing a banner that read: … Fortune has learned that the person who paid to fly the banner is a Midwestern broker …

Mr. Cool turns cold  —  In her autobiography, Helen Gahagan Douglas recalled telling President Franklin D. Roosevelt about her visits to the camps of migrant workers.  She was especially poignant about the children and their lack of Christmas toys when the president tried to stop her.

US scolds Israel over new construction plans … WASHINGTON (AP) — The Obama administration says it is “deeply concerned” by Israeli approval of new housing construction in disputed east Jerusalem.  —  The State Department says such “unilateral actions work against efforts to resume direct negotiations” …

The bullets yet to be fired to stop the crisis  —  Four years into the financial crisis, it is becoming increasingly clear that the biggest deficit is not in credit, but credibility.  Markets can adjust to a downgrade of global growth, but they cannot cope with a spiralling loss of confidence …

A Downgrade Awakening  —  Amid the market wreckage, signs of a political turn.  —  During yesterday's market meltdown, an old friend shot us an email: “The Obama adm needs to stop trying to disarm the fire alarm and start trying to put the fire out.”  —  Good advice that …