Monday Morning News Update

Los Zetas, a Mexican drug cartel, has claimed that Bank of America has helped launder money through a Texas based racehorse business with BofA accounts. While the bank has admitted in errors of laundering in the past, the question remains whether or not Bank of America has any sort of participation in such money laundering and if they have any efforts in preventing this in the future.

At 11:50 AM this morning, President Obama proposed the extension of tax cuts for citizens earning less than $250,000 a year. This will cost the government $150 billion in revenue in 2013. While Romney's campaign efforts supports tax cuts for individuals on all income levels, will Obama's venture of building a stronger middle class win him the presidential election?

Our poor, earthquake-damaged Washington Monument has now postponed is open date to past 2014. The 5.8 earthquake that shook it last year has caused renovations to reach up to $15 million.

A seemingly death sentence to a cancer patient has turned out to become a potential cancer killing life saver. While unfortunately the patient who received the new drug therapy passed away, the new-found realization of what this drug could do has paved a new path for cancer research. 

Congratulations to Roger Federer's seventh Wimbledon title over Andy Murray this weekend. It's been more than two years since Federer has won a major title. Congrats Federer, you still got it!