SNEAK PEEK:

August 28, 2007— -- Amid Larry Craig's defiant "I'm not gay. I have never been gay" press conference, Mitt Romney strongly denounced the former chairman of his Idaho campaign while painting the incident in question as being part of a "parade of sexual misconduct in Washington" which includes the spouse of the Democratic frontrunner for president.

"Frankly, it's disgusting," Romney told CNBC's Kudlow & Company. "I think it reminds us of Mark Foley and Bill Clinton."

Romney stopped short of calling for Craig's resignation but he established himself as an important arbiter of Craig's future by promising to weigh in on that question in the future.

"I will review that, and we'll give you a call on that," said Romney. "I certainly felt that Bill Clinton shouldn't have stayed in office. But you know, with regards to this setting, why, we'll take a close look at it."

Craig, who is up for re-election in 2008, is also facing pressure from Senate Republican leaders who are recommending an ethics investigation into the allegations.

As for Wednesday's Hurricane Katrina anniversary . . .

President Bush, who declared shortly after Hurricane Katrina ravaged the Gulf Coast region that he was not going to forget what he saw, returns to New Orleans on the second anniversary of the devastating storm.

The President will be joined by First Lady Laura Bush at an 8:45 am ET meeting with Louisiana education officials before participating in a moment on silence at 9:38 am ET.

Bush next attends a 12:15 pm ET briefing on Mississippi rebuilding efforts before making a 1:00 pm ET statement on Mississippi rebuilding efforts.

Rudy Giuliani has no public schedule. We learned Tuesday that the former New York mayor plans to read a passage from a text at the Ground Zero Anniversary ceremony on September 11.

Giuliani's successor – Mike Bloomberg – called for expanding the Earned Income Tax Credit and touted his initiative to pay poor New Yorkers for doing things like passing standardized tests and holding down full-time jobs in a Tuesday National Press Club speech hosted by Brookings.