News Wrap: Romney Campaign Outstrips Obama in July Fundraising by $25 Million
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HARI SREENIVASAN: For the third straight month, Mitt Romney and the Republican Party have raised more campaign money than President Obama and the Democrats. Romney and the Republican National Committee reported today that they brought in more than $101 million in July. The president and the Democratic National Committee raised $75 million. The election is just over three months away.
The company that triggered chaos on Wall Street last week managed to stave off collapse today. Knight Capital Group got $400 million from an investor group in exchange for majority control. Knight’s stock plunged after it flooded the market with false orders last Wednesday, due to major computer mistakes.
On Wall Street today, the Dow Jones industrial average gained 21 points to close at 13,117. The Nasdaq rose 22 points to close near 2,990.
Security all along Egypt’s border with Israel was on high alert today, after an attack that killed 16 Egyptian police. Authorities said more than 30 Islamist gunmen assaulted a Sinai border post at the town of Rafah on Sunday. Today, the scene was littered with burned-out vehicles. Some of the attackers had died in Israeli airstrikes after storming the border fence. Egyptian officials vowed to hunt the rest down.
PRIME MINISTER HESHAM KANDIL, Egypt (through translator): My deep condolences to the Egyptian people and families of the victims of yesterday’s attack in Rafah. This criminal act will not go by easily and there will be a quick response soon.
HARI SREENIVASAN: Egypt’s Muslim Brotherhood, in a website posting, attributed the attack to Mossad, the Israeli intelligence agency. Israeli officials dismissed that claim and said the attackers were likely Islamist militants from Gaza. They charged the actual goal was to kidnap an Israeli soldier or civilians.
Israeli prime minister Benjamin Netanyahu:
PRIME MINISTER BENJAMIN NETANYAHU, Israel (through translator): I would also like to express sorrow for the killings of the Egyptian soldiers. I think it is clear that Israel and Egypt have a common interest to keep the border between us quiet. At the same time, it turns out, time and again, that when it comes to the security of Israeli citizens, the state of Israel must and can rely only on itself.
HARI SREENIVASAN: Sunday’s attack was among the worst ever against Egyptian soldiers. And it marked an escalation in a long-running Islamist insurgency in Sinai.
The Boy Scouts of America is promising to do more to bar sexual predators from its adult ranks. The statement followed a Los Angeles Times report Sunday. It focused on the Scouts’ so-called perversion files of more than 1,200 cases from 1970 to 1991. The Times found at least 125 cases of men suspected of sexual abuse moving from troop to troop. They did so despite a blacklist meant to prevent that from happening.
At the Summer Olympics in London today, the U.S. team had its ups and downs.
Spoiler alert: Tune out for a moment if you don’t want to know the results just yet.
In soccer, the U.S. women beat Canada 4-3 to advance to the gold medal match against Japan. And Jennifer Suhr won the gold medal in the women’s pole vault. But gymnast Gabby Douglas failed in her bid for a third gold. She placed last in the women’s uneven bars.
And U.S. judo fighter Nick Delpopolo tested positive for marijuana. He said he unwittingly ate a tainted brownie before the Games. Also today, Felix Sanchez of the Dominican Republic recaptured the men’s 400-meter hurdles. He is 35 years old.
Those are some of the day’s major stories.