Benzinga's Political Round Up, August 23, 2011

Crude oil prices rose on reports out of Germany and China on better than expected data. St. Louis Fed President James Bullard said the Federal Reserve "would definitely take action," if U.S. deflation became a risk again. Japan PM Naoto Kan is likely to announce his resignation on Friday. A judge has given the okay for investors to intervene in Bank of America's BAC proposed $8.5 billion settlement.