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President Obama abruptly walks out of talks — President Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, a dramatic setback to the already shaky negotiations, according to GOP sources. — “He shoved back and said 'I'll see you tomorrow' and walked out …
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Politics, Outside the Beltway, James Pethokoukis, White House Dossier, And So it Goes in Shreveport, Raw Replay, Michelle Malkin, The Raw Story, Reuters, The Lonely Conservative, Weasel Zippers, Nice Deb, No More Mister Nice Blog, Doug Ross, Pajamas Media, Confederate Yankee, Firedoglake, THE ASTUTE BLOGGERS, Pirate's Cove, Daily Pundit and The Page
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Obama warns Cantor: 'Don't call my bluff' in debt-ceiling talks — Republicans said tense negotiations over raising the $14.3 trillion debt limit at the White House ended when President Obama stormed out of the meeting with a stern warning to House Majority Leader Eric Cantor (R-Va.): “Don't call my bluff.”
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Obama: ‘This May Bring My Presidency Down, but I Will Not Yield’ on No Short-Term Extensions — ABC News' Jake Tapper and Ann Compton report: — It was, sources from both parties say, the most tense of the deficit reduction meetings yet. — After a period of what was described …
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Le·gal In·sur·rec· tion, Bloomberg, The Moderate Voice, The Daily Caller, Hot Air, Erick's blog, Verum Serum and Front Row Washington
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Top Democrats laud GOP debt-limit move; Fed chief warns of ‘calamity’ if U.S. defaults — Democratic congressional leaders responded positively Wednesday to a top Republican's “backup plan” for raising the federal debt ceiling amid a new warning from the nation's central banker that failure …
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Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall … WASHINGTON — Lawmakers and the White House had what nearly every party is describing as a “tough” and “testy” meeting on the debt ceiling Wednesday afternoon, culminating in a stormy exchange between President Obama and House Majority Leader Eric Cantor (R-Va.).
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No yelling at Obama today — Carney reminded journalists, “I used to be where you are, and I used to ask questions.” — AP Photo — A long-running tiff between the White House press corps and the West Wing over presidential access flared anew today when press secretary Jay Carney faced off …
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Raters Put U.S. on Notice — Moody's, S&P Sound Alarms on Debt; President Obama Walks Out of Talks — Credit rating agencies moved closer to an unprecedented downgrade of the U.S. government's debt amid deteriorating talks in Washington, with President Barack Obama abruptly walking …
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The Politico, The Caucus, Boston Globe, New York Magazine and The Page
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Obama ends tense debt talks with a warning
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New York Post, Guardian, Washington Post and Opinion L.A.
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Debt talks blow up
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CNN, Swampland, Economist's View and nation.foxnews.com
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Obama ‘Abruptly’ Walks Out of Debt Talks
Discussion:
Hot Air, The Note and Le·gal In·sur·rec· tion
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Moody's Places U.S. on Review for Downgrade As Debt Talks Stall
Discussion:
The Gateway Pundit, Weasel Zippers, The Lonely Conservative, Politics and Pajamas Media
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Graham: GOP has no one ‘to blame but ourselves’ — South Carolina Sen. Lindsey Graham conceded Wednesday that he and his fellow Republicans are now eating their own words as they try to convince the country they are working to stave off a federal default. — “Our problem is we made a big deal about this for three months.
Discussion:
Balloon Juice
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McCaskill: GOP looks like ‘hot, sloppy mess’ — Sen. Claire McCaskill (D-Mo.) slammed Republicans, claiming their internal divisions were impeding the ongoing debt-ceiling negotiations. — “I don't know what [House Speaker John] Boehner (R-Ohio) has going on in his caucus,” she said on MSNBC's Morning Joe on Thursday.
Discussion:
The Note, Reuters, Washington Examiner and Weasel Zippers
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G.O.P.'s No-Tax Stance Is Outside Political Mainstream — The back-and-forth of the debt limit negotiations can be perplexing. But the facts driving the debate are quite straightforward. Any deal, or any workaround to a deal, will need to be approved by a majority of the House of Representatives.
Discussion:
Paul Krugman, msnbc.com, The New Republic, Washington Post, Associated Press, Gallup, Washington Monthly and ThinkProgress
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The Republican Case for Compromise — I HAVE always been a conservative Republican, and I subscribe to the ideas of less government, lower taxes, innovation and entrepreneurship. But I also believe that, in the face of a possible debt default by the federal government, Republicans need to embrace the principle of compromise.
Discussion:
The Politico
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Sen. Graham: Republicans Should Accept Tax Revenue Increase
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msnbc.com, ThinkProgress, TPMDC, New York Magazine and The Note
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Tensions Escalate as Stakes Grow in Fiscal Clash
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Washington Post, CBS News, Reuters, The Politico, Balkinization, Daily Kos, The Note, Riehl World View and Balloon Juice
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Bush trumps Barack in the Arab world: President Obama is proving an embarrassing flop in the Middle East — Today's eye-opening Zogby poll for the Arab American Institute Foundation should be a wake-up call to the White House on its failing foreign policy. After two and a half years of bashing Israel …
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americanthinker.com, Scared Monkeys, The Western Experience and Washington Post
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Ron Paul ads hitting airwaves in Iowa, N.H. — Ron Paul is hitting the airwaves for the first time in Iowa and New Hampshire with a spot that warns ominously against raising the federal debt limit, POLITICO has learned. — The 60-second spot, made with all the flare of a Hollywood movie preview …
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The Atlantic Online, The Note, The Hill, msnbc.com, GOP 12 and Hotline On Call
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Bernanke Fights Ron Paul In Congress: Gold Isn't Money
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New York Sun and ProfessorBainbridge.com
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Michele Bachmann's Church Says the Pope Is the Antichrist — The Iowa front-runner for the GOP nomination was a longstanding member of a strict Lutheran synod with controversial views of Catholicism — Michele Bachmann is practically synonymous with political controversy …
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The Raw Story, Crooks and Liars, The Daily Dish, New York Magazine, TigerHawk, TPMDC and Right Wing News
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Religious right rushes to Bachmann's defense following ‘ex-gay’ reports — Several religious right groups — including those listed as anti-gay hate groups by the Southern Poverty Law Center — rushed to Michele Bachmann's defense following reports that she and her husband Marcus' Christian …
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Taylor Marsh, Firedoglake, NOM Blog, Truth Wins Out, Holy Bullies … and The Brody File
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15 Minutes of Franken — Last month, when The Advocate reached …
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Weasel Zippers, Breaking news and opinion … and ThinkProgress
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Debt ceiling: Moody's puts U.S. on notice — NEW YORK (CNNMoney) — The public pressure on lawmakers to raise the debt ceiling was ratcheted up Wednesday when a major rating agency said it would put the sterling bond rating of the United States on review for possible downgrade.
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Washington Post, CNN, americanthinker.com, The Note, Outside the Beltway and Reuters
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The Bain of Mitt Romney's campaign — A company that laid off hundreds of employees. A federal “bailout” to rescue a failing bank. Mitt Romney, at the center of it all. — It's a story line from a tough Democratic ad that was teed up for use against Romney in his 1994 Senate campaign in Massachusetts.
Discussion:
GOP 12
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From Italy to the US, utopia vs reality — In the eurozone, the fiscal crisis is lapping on Italy's shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial.
Discussion:
Swampland and Paul Krugman
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Breast-feeding mother ‘told to leave council headquarters because she would offend Muslim visitors’ — A mother was ordered not to breastfeed her baby in public because she was in a ‘multicultural building’. — Emma Mitchell, 32, was about to feed 19-week-old son Aaron when a receptionist at a town hall warned her to stop.
Discussion:
Weasel Zippers, Atlas Shrugs and iOwnTheWorld.com