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.

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.

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.