The White House announced that President Obama will deliver a speech today at 1 p.m. ET.
The AP reports that Obama will likely address the first downgrade of the country's credit rating in history. And the president is also expected to talk about the 30 U.S. troops killed in a helicopter crash in Afghanistan on Saturday.
You can listen to the president live on NPR.org and CSpan will stream video of it. We will live blog it here, too.
Secretary of Education Arne Duncan announced that faced with outcry from the sates about the unrealistic requirements of the education law No Child Left Behind, the Obama administration will grant waivers to states.
The Vaccines, a London-based indie rock band with a retro sound, are partnering up with popular photo app Instagram to make a crowdsourced music video for their song "Wetsuit." They're asking fans to share photos from the band's summer tour using the app on their smartphones.
Vaccines guitarist Freddie Cowan, guitarist for The Vaccines, says he's already seen a huge response: "Pictures of people on their campsites and people covered in mud in England or people in the sun in Europe. And candid shots of us."
In an interview with CNBC, Treasury Secretary Timothy Geithner said Standard& Poor's "has shown really terrible judgment and they've handled themselves very poorly," when it downgraded the United States' rating.
"They've shown a stunning lack of knowledge about basic U.S. fiscal budget math. And I think they drew exactly the wrong conclusion from this budget agreement," Geithner added.
Greek philosopher Heraclitus once said "the world bubbles forth," suggesting a natural magic beyond the entailing laws of modern physics.
Credit Hulton Archive / Getty Images
At the dawn of Western philosophy and science, some 2,700 years ago, Heraclitus, declared that, "the world bubbles forth." There is, in this fragment of thought, a natural magic, a creativity beyond the entailing laws of modern physics. I believe Heraclitus was right about the evolution of the biosphere and human life. We live beyond entailing law in a natural magic we co-create.
U.S. markets have opened for the first time since Standard and Poor's downgraded the nation's credit rating. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street.
Washington residents, dressed as clowns, takes part in a jobs demonstration outside of the Cannon House Office Building on Capitol Hill in Washington Wednesday, July 27, 2011.
Credit Jose Luis Magana / AP
Leslie Savan blogs for The Nation about media and politics.
Right before a break on The Daily Rundown the other day, host Chuck Todd was talking about the debt deal and mentioned "unemployment lines." Then he announced, "Coming up: Did Washington take its eye off the ball of what really matters?"