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The Senate returns to work after a week off. It has a lot on its plate, with judicial nominations and the choice of John Bolton as U.N. Ambassador topping the to-do list. Observers are also watching to see whether the body will start getting its business done, or continue squabbling.

The price of a barrel of oil briefly topped $67 Friday, setting an all-time record. Oil prices have been rising in the past two months due to strong demand, refining capacity shortages and concerns about stability in Saudi Arabia. High energy prices contributed to a jump in the U.S. trade deficit in June.

British Prime Minister Tony Blair has prepared an ambitious agenda for the G8 summit in Scotland. The two top items are his calls for increasing the amount of aid to poor African countries and for limiting the emission of greenhouse gases that contribute to global warming.

President Biden is headed to Germany for a meeting of the G7 with leaders of the wealthiest countries. At the top of their agenda is the war in Ukraine, now in its fifth month.

Secretary of State Antony Blinken is leading the U.S. delegation at the G-20 ministerial meeting. It could be the scene of some awkward diplomatic encounters involving Russia's war in Ukraine.

This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?

President Obama is headed to Iowa on Tuesday where he will likely talk about wind energy. The president says he'll continue tax credits for wind energy and GOP presidential candidate Mitt Romney says he won't.

Audie Cornish talks with Mark Schleifstein of the Times-Picayune, about New Orleans' preparedness for today versus seven years ago, when it was pummeled by Hurricane Katrina. The city is bracing for the possibility that tropical storm Isaac may turn into a hurricane.

Thanks to redistricting, New York state will hold primary elections Tuesday for the second time this year, confusing some voters.

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.