Good morning! 10 things to know for Tuesday

Late-breaking news, upcoming events and stories of interest:

1. AS DEBBY HOVERS IN GULF, FLORIDA GETS MORE RAIN. After raking Florida's Gulf coast with high winds and heavy rain, Tropical Storm Debby promised to bring more of the same in the coming days as it continued to hover in the Gulf of Mexico early Tuesday, in no apparent hurry to make landfall.

2. MOODY'S DOWNGRADES RATINGS ON SPANISH BANKS. The agency made the cut to 28 banks, saying they are vulnerable to further losses from the country's real-estate bust.

3. ARIZONA MUST NOW ADJUST AFTER HIGH COURT RULING. One police chief says the decision on the state's immigration law will burden local departments and erode the trust of the Latino community.

4. SUPREME COURT'S DECISION IS GOOD NEWS FOR OBAMA, ROMNEY. The ruling emboldens U.S. companies and the campaigns to continue to spend freely on the election.

5. THIS IS A WEEK TO WATCH WASHINGTON. Decisions being made now will affect the major issues driving the presidential and congressional elections.

6. FOR-PROFIT SCHOOLS COULD LOSE FINANCIAL AID. The Education Department reports that students at 93 schools were unable to get jobs and pay off their student loans.

7. EUROPEAN OFFICIALS HAVE GRAND VISION FOR EURO. A top EU official is calling for countries that use the euro to grant a European authority the power to demand changes to their national budgets as part of a grand vision to save the currency.

8. WITNESSES DEFEND TEXAS STAND-YOUR-GROUND CONVICT. Attorneys for a Texas man convicted of murder despite claiming Texas' version of a stand-your-ground law allowed him to fatally shoot a neighbor will present more witnesses Tuesday as jurors consider his sentence.

9. ARTIST REPLACES SANDUSKY ON PENN STATE MURAL. The depiction of Jerry Sandusky on a well-known mural across the street from the Penn State campus has been replaced by an image of a poet and activist draped with a blue ribbon — a symbol for awareness of child sexual abuse.

10. PHELPS AND LOCHTE FACE OFF IN ROUND TWO OF SWIMMING TRIALS. The 27-year-old Floridian beat the owner of 14 gold medals in the first showdown but they return to the pool today.

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