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.

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”

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.

EXCLUSIVE: McConnell to Obama: Eat your own darn peas  —  At 2 p.m. today, Senate Minority Leader Mitch McConnell (R) is going to make some news.  Right Turn has learned from sources familiar with McConnell's thinking that McConnell is going to suggest an alternative to President Obama's “grand bargain.”

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.