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STATE OF ECONOMY: "This is something we can do immediately, something we can do as soon as Congress gets back," President Obama says while seeking to inject a glimmer of hope into a gloomy economic picture. (Associated Press)

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ASSOCIATED PRESS Adm. Mike Mullen (right), chairman of the Joint Chiefs of Staff, and Defense Secretary Leon E. Panetta warned against further spending cuts for the military beyond the $350 million to $400 million already agreed by Congress and President Obama this week. “I think anything beyond that would damage our national defense," Mr. Panetta said.

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U.S. Secretary of State Hillary Rodham Clinton, left, shakes hands with India's Congress party President Sonia Gandhi before a meeting at Gandhi's residence in New Delhi, India, Tuesday, July 19, 2011. (AP Photo/Gurinder Osan)

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Sen. Richard J. Durbin, Illinois Democrat, says Congress should join an FBI investigation into whether News Corp. engaged in illegal activities in the United States.

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Former Major League Baseball pitcher Roger Clemens leaves federal court in Washington on July 13, 2011, after a day of his trial on charges of lying to Congress in 2008 about using performance-enhancing drugs. (Associated Press)

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Former Major League Baseball pitcher Roger Clemens leaves federal court on July 12, 2011, in Washington after a day of his trial on charges of lying to Congress in 2008 about using performance-enhancing drugs. (Associated Press)

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Former Major League Baseball pitcher Roger Clemens leaves federal court in Washington, Thursday, July 7, 2011, during jury selection in his trial on charges of lying to Congress in 2008 when he denied ever using performance-enhancing drugs. (AP Photo/Alex Brandon)

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Rep. Anthony D. Weiner and his wife, Huma Abedin, arrive at their home in the New York borough of Queens on Thursday, June 16, 2011, before he left for a press conference to announce his resignation from Congress. (AP Photo/Bebeto Matthews)

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Ken Venturi, a lifetime honorary member of Congressional, donated items from his 1964 U.S. Open win to the club last month.

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"At a time when Congress is single-mindedly focused on our federal debt, how can we blindly maintain policies that foot the bill for students to attend schools that have proven to be such a bad investment?” said Sen. Tom Harkin, Iowa Democrat and chairman of the Health, Education, Labor and Pensions Committee.

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** FILE ** Rep. Anthony Weiner, New York Democrat, and his wife, Huma Abedin, who is an aide to Secretary of State Hillary Rodham Clinton, are pictured after the ceremonial swearing in of the 112th Congress on Capitol Hill in Washington on Jan. 5, 2011. (AP Photo/Charles Dharapak)

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Rep. Dave Camp, House Ways and Means Committee chairman, said Tuesday the House vote on raising the nation's debt ceiling "sends a clear and critical message that the Congress has finally recognized we must immediately begin to rein in America's affection for deficit spending." (Associated Press)

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Israel's Prime Minister Benjamin Netanyahu closing remarks are seen as he finishes an address to a joint meeting of Congress on Capitol Hill in Washington, Tuesday, May 24, 2011. (AP Photo/J. Scott Applewhite)

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Israeli Prime Minister Benjamin Netanyahu greets people on Capitol Hill in Washington, Tuesday, May 24, 2011, after addressing a joint meeting of Congress. (AP Photo/Susan Walsh)

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Members of Congress stand and applaud as Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress on Capitol Hill in Washington, Tuesday, May 24, 2011. (AP Photo/Susan Walsh)

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Israel's Prime Minister Benjamin Netanyahu reaches to shakes hand with House Speaker John Boehner of Ohio as Vice President Joe Biden looks on, on Capitol Hill in Washington, Tuesday, May 24, 2011, after his address to a joint meeting of Congress. (AP Photo/J. Scott Applewhite)

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Israeli Prime Minister Benjamin Netanyahu (center front), followed by House Majority Leader Eric Cantor and House Majority Whip Kevin McCarthy, arrives at the Capitol to address a joint meeting of Congress on Tuesday, May 24, 2011, in Washington. (AP Photo/J. Scott Applewhite)

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A man, holding up a sign that reads in Spanish "Annul the amnesty right now!!," demonstrates on May 19, 2011, in front of the Congress in Montevideo, Uruguay. The Chamber of Deputies is discussing a law to overturn an amnesty for human rights crimes by the military during Uruguay's 1973-85 dictatorship. (Associated Press)

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** FILE ** In this May 3, 2011, file photo, CIA Director Leon Panetta, right, leaves after briefing members of Congress on Capitol Hill in Washington. Some members of Congress are making appointments at CIA headquarters to view graphic photos of Osama bin Laden's corpse. (AP Photo/Alex Brandon, File)

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Musician Harry Connick, Jr. walks past a screen showing the "National Jukebox," at the Library of Congress, in Washington, Tuesday, May 10, 2011, during a ceremony to introduce the new website, which offers more than 10,000 historic sound recordings for free. (AP Photo/Jacquelyn Martin)