President Barack Obama drew a line in the sand on budget caps during his weekly address to the country. Citing the latest employment report to argue that the economy has improved, he threatened to veto any budget produced by the Republican-controlled Congress that keeps spending in check.

Members of Congress are all back home for their August recess, and all is quiet on Capitol Hill – for now. But don’t be fooled; this is merely the calm before the storm that is coming in September, when Congress returns and has to pass a bill to fund the government by October 1st.