Morning Briefing: Tropical Storm Isaac Headed For Hurricane Status

— Tropical Storm Isaac is expected to reach hurricane status before it hits the gulf coast somewhere between Louisiana and Florida.

— Now that Rick Perry has announced Texas won’t participate in Obamacare’s Medicaid expansion, several counties are looking into whether they can do an end run around the governor and join the expansion themselves.

— Garbage shipments tend to track GDP growth particularly tightly, and now the “garbage indicator” is forecasting a slump in the economy:

— The chances that the government reach a deal on sequestration before November are becoming ever slimmer.

— And finally, for the Republicans, Tropical Storm Isaac is complicating the positive political boost that usually follows a national convention.