The U.S. House and Senate are in recess for the next two weeks, but recess doesn't necessarily mean relaxation. With the budget crisis still looming, the break may give Congressmembers the opportunity to do some politicking as they gear up for a the next round of battles over the deficit. But while Washington is gridlocked over future budget proposals, the rest of America will receive some economic indicators this week – including a report on previously owned homes by the National Association of Realtors. And locally, North Carolina's budget may take its own hit this week after a series of powerful tornadoes swept through Raleigh this weekend.
In other political news, President Obama is back on the campaign trail and he gears up for 2012 elections. This week he'll make stops in Los Angeles and San Francisco.
We get a preview of the week ahead with Kai Wright, editor of the news blog, Colorlines and Charlie Herman, economics editor for The Takeaway and WNYC Radio.