This Week In Washington DC, Sep 25, 2014

This Week In Washington

Top 5 Stories

1.      The US, joined by Bahrain, Jordan, Qatar, Saudi Arabia, and the UAE, began aerial bombardment of ISIS positions in Syria. The airstrikes also targeted the Khorasan Group, described by Pentagon officials as comprised of "seasoned al-Qaida veterans."

Look ahead: The airstrikes are just one component of a multifaceted campaign that President Obama and other leaders predict will continue for some time.

2.      During an appearance at the U.N. Climate Summit, the president characterized climate change as an "urgent and growing threat" requiring the leadership of the world's largest nations. In a subsequent address to the U.N. General Assembly, Obama called on every nation to act on global warming.

Look ahead: The European Union unveiled new emissions targets, while the U.S. and China maintained existing targets and touted progress toward their goals.

3.      Corporations are scrambling to determine the effects of the Treasury Department's new rules on taxation of offshore income, which are designed to dis-incentivize corporate tax inversions.

Look ahead: The new regulations will not impede the merger between Burger King and Tim Horton's, but could impact a host of pending inversions.

4.      In the three West African countries hardest hit by the Ebola outbreak—Liberia, Guinea, and Sierra Leone—a total of more than 2,800 people have died and 5,843 have been infected, up from 1,346 deaths and 2,458 infections one month ago, according to a report from the World Health Organization.

Look ahead: The CDC reports Liberia and Sierra Leone could see 21,000 Ebola cases by Sept. 30 and 1.4 million cases by Jan. 20 if the outbreak is not controlled.

5.      In a result that reassured British investors, Scottish voters on Sept. 18 rejected a bid to sever their bonds with the United Kingdom.

Look ahead: U.K. Prime Minister David Cameron hailed the "clear result" of the referendum and pledged certain powers to Scotland, in keeping with an earlier agreement with Deputy Prime Minister Nick Clegg, and Labour leader Ed Miliband.