Gulf oil disaster - Downtrodden Gulf Coast residents may soon have something besides the oil spill to worry about. But it's not really a "new" threat - it's what they fret about every summer: tropical weather. There is a 70 percent chance that a weather system in the western Caribbean will better organize and form at least a tropical depression in the next 48 hours, the National Hurricane Center said Friday morning. Costs associated with the Gulf oil disaster have gone up more than $300 million in less than a week, BP said Friday. The threat of a hurricane being added to the mix could cause major concerns - and more damage. We'll be keeping an eye on the storm and the oil in the Gulf for the latest developments.
Wall Street reform - After a grueling 20-hour session, lawmakers early Friday finished melding the House and Senate Wall Street reform bills, bringing Congress closer to passing the most sweeping changes to the financial system since the New Deal. Finishing at 5:39 a.m. ET, 43 lawmakers agreed to send to their respective chambers a final bill that aims to strengthen consumer protection, shine a light on complex financial products, create a new process for taking down giant, failing financial firms, and make them stronger to prevent such failure. So what's in the bill? CNNMoney.com breaks it all down for you.
Unemployment benefits - Nearly a million people have lost their unemployment benefits because the Senate failed for the third time Thursday to extend the deadline to file for this safety net. Hoping to overcome deficit concerns, the Senate trimmed the bill yet again Wednesday night so that it would increase the deficit by only $33.3 billion over 10 years, instead of $55.1 billion. The main changes were to scale back additional Medicaid funding for the states and to reallocate some stimulus and Defense Department spending.
Michael Jackson's death anniversary - In life, Michael Jackson was whoever you wanted him to be: Humanitarian. Media-savvy artist. King of Pop. Or: Accused child molester. Has-been. World-class freak. No wonder his legacy, one year after he died, is so confusing. Is it about compassion? Talent? Money? Or the dark circus that kept intruding on it all? We'll be looking at memorials being held for the late King of Pop on this anniversary and also take a look at where his family members who were thrust into the spotlight in his death are now.