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POTUS hits Rose Garden for 12:30pm ET economy soliloquy. Developing...

Consumer Spending Up

Purchases rise 0.4% in July, the largest increase since March. And/But: Incomes lag at 0.2% growth.

Bridging the Gulf

Mark Halperin's new "One Nation" column on what we can learn from Katrina about Ground Zero.

7 U.S. Troops Killed in Afghanistan

NATO reports soldiers died following two bombings in the southern region.

Steele to Guam

RNC chair headed to island territory at height of midterm season.

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Swampland

Morning Must Reads: When It Rains, It Pours

Reuters/Jim Young --Obama is going out on a limb by associating himself with the precarious direct Mideast peace talks, writes the L.A. Times. --Bibi is reassuring fellow Likudni

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