Senate GOP mulls new debt strategy  —  Trying to get out of the political box which they have helped to create, Senate Republicans are actively discussing a new plan under which the debt ceiling would grow in three increments over the remainder of this Congress unless lawmakers approve a veto proof resolution of disapproval.

The Big Blink?  McConnell Proposes Giving Obama Authority To Raise Debt Limit Alone  —  Senate Minority Leader Mitch McConnell (R-KY) has proposed creating an escape hatch for Congressional Republicans, who have put themselves in a box by threatening not to raise the national debt limit …

Boehner Says The Debt Limit Increase Is Obama's Problem  —  Speaker of the House John Boehner introduced a new argument to the debt ceiling and deficit reduction talks Tuesday, saying raising the borrowing limit is Republicans' concession in the negotiations.  —  “This debt limit increase is [Obama's] problem,” he said.

Cantor outlines $353B in Medicare, Medicaid savings during debt talks  —  House Majority Leader Eric Cantor (R-Va.) on Monday proposed changes to Medicare and Medicaid he said would save $353 billion over the next decade.  —  Cantor made the proposal in talks at the White House.

Mitch McConnell Just Proposed the “Pontius Pilate Pass the Buck Act of 2011″  —  Editor's note: I decided to make the title less incendiary.  —  Consider the Associated Press's headline right now: “GOP Leader McConnell proposes giving Obama new power for automatic debt limit increase”

Sebelius: Obamacare's Penalty on Small Businesses a ‘Great Incentive’ for Growth  —  (CNSNews.com) - Health and Human Services Secretary (HHS) Kathleen Sebelius told CNSNews.com on Monday that a provision in President Barack Obama's health-care law that requires small businesses …

The Magic Lever  —  The world economy is a complex, unknowable organism.  Most of us try to diversify our investments and balance risk and security to protect against the unexpected.  —  But a few years ago a group of bankers thought they had the magic tool to help them master financial trends and predict the future.