The Daily Digest

Welcome to the Daily Digest.

We'll start off with some sobering news.

Yesterday, the Dow dropped 512 points - the steepest decline since October 22, 2008 - amid investor fears of another recession in the U.S. and in Europe.

Here's an FAQ about the stock market fall.

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And now that we've ripped that Band-Aid off...

Around Minnesota

Minnesota could lose millions because of what some call a loop-hole in the new federal health care law.

The recall elections in Wisconsin are heating up.

A non-partisan citizens group will hold hearings to find out what changes Minnesotans want to see in the state political map.

Sharon Sund will challenge Republican Congressman Erik Paulsen in 2012.

Congress

Rep. Betty McCollum is blaming the Dow drop on the Tea Party.

Congress has agreed to stop-gap funding for the FAA.

Nevetheless, the partial shutdown of the FAA could delay construction of a new terminal at the Duluth airport by another year.

Minnesotans are feeling the effects of the partial shutdown.

The Race for President

Gov. Tim Pawlenty steps further away from his previous support of a cap-and-trade plan, saying that the "The weight of the evidence is that most [climate change], maybe all of it, is because of natural causes."

In the run-up to the Iowa straw poll, Bachmann has signed a pledge against gay marriage. So have Mitt Romney and Rick Santorum.

The Washington Post has an interesting story about a short-lived company that formed in March and dissolved in July - with just enough time in between to give $1 million to Restore Our Future, a "super PAC" designed to assist Mitt Romney's presidential bid.

And on that note...

Tom Scheck will be back next week. Thanks for reading the Daily Digest while I've been at the helm. It's been a pleasure.