President Barack Obama’s approval ratings have increased to 54 percent, which is up from 48 percent in early April. According to the recent CNN poll, it is mainly due to his foreign policy. However, the battle for 2012 will mostly be about the economy, which only 41 percent of the people polled approved of how he is handling the economy .
*Debt ceiling battle: The House on Tuesday rejected a debt ceiling increase in a 318-97 vote. This vote was a symbolic one meant to send a message to budget negotiators. President Obama responded by meeting with House Republicans on Wednesday and House Democrats on Thursday. Agreement over raising the debt ceiling is still far off and the authority to borrow under the $14.29 trillion debt limit will expire on Aug. 2.
* John Edwards , breaking news Friday that former Democratic vice-presidential nominee John Edwards has been indicted by a grand jury on six counts, including conspiracy, issuing false statements and violating campaign contribution laws. He faces up to 30 years in prison and a maximum fine of $1.5 million if found guilty. The grand jury has been investigating that money given to support his mistress, Rielle Hunter, whom he had a child with, by benefactors of Edwards, should have been considered campaign donations. Edwards plead not guilty this morning (CNN).
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