Lawmakers will hold a host of congressional hearings today, as the August recess is nearing. IRS targeting, EPA regulations and the Violence Against Women Act will be discussed.

President Obama and the European Union Tuesday delivered the toughest sanctions to date against Russia. The sanctions target the country's economy, banking sectors and defense. The increased sanctions are due in large part to Russia's backing of rebels in eastern Ukraine. Tensions have intensified in recent days following the shooting of Malaysia Airlines flight MH17.