The Early Bird: July 22, 2008


Obama World Tour a Political Success So Far
Barack Obama received a gracious welcome from the Iraqi government Monday, including from Prime Minister Nouri al-Maliki, whose spokesperson reiterated his government's support for the Illinois senator's withdrawal plan. Obama also met with Gen. David Petraeus, the top American military commander in Iraq, to discuss conditions in the war-torn country.

Senators Seek Energy Compromise
A bi-partisan group of U.S. senators is developing legislation that would allow additional oil and gas drilling off American shores but would devote one-third of the royalties to alternative and renewable energy development. Sources tell The Hill that the compromise would keep drillers out of ANWR but would not seek to increase fuel economy standards.

Blagojevich Still State's Top Fundraiser
According to a campaign spokesman, Gov. Rod Blagojevich raised just under $2 million during the first two quarters of 2008, leaving the embattled governor with between $3.5 million and $4 million cash-on-hand. While that's much
less than the $
4.9 million Blagojevich raised during the first six months of 2004, he still has more in the bank than potential gubernatorial candidate Lisa Madigan, who reported $2.6 million in campaign savings.

Suburban GOP Members Lag in Fundraising
While they hope to stop the Democratic tide in the suburbs, several Cook County-area GOP challengers showcased by the House leadership raised meager funds in the first six months of the year. Even the House Republican leadership is struggling, finishing June with just over $111,000 on hand.

Chicago Homes More Affordable, Still Too Pricey for Many
Although Chicago area homes have become more affordable in the past year, tougher lending standards and a struggling economy mean that affordable housing is still out of reach for many middle-income buyers. According to Crain's, "prospects for income growth are slim given the shaky economy, limiting affordability gains."

Image used under a Creative Commons license by Flickr user pantagrapher.

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