Top Items:
The Politico:
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 …
Discussion:
Politics, White House Dossier, And So it Goes in Shreveport, Michelle Malkin, The Raw Story, The Lonely Conservative, Weasel Zippers, Nice Deb, No More Mister Nice Blog, Outside the Beltway, Doug Ross, Pajamas Media, Confederate Yankee, Pundit & Pundette, Firedoglake, THE ASTUTE BLOGGERS, Pirate's Cove, Daily Pundit, The Page and Washington Examiner
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The Hill:
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.”
Discussion:
Bloomberg, GOP 12, Booman Tribune, Don Surber, The Right Scoop, americanthinker.com, Balloon Juice and Washington Post
Political Punch:
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 …
Discussion:
Le·gal In·sur·rec· tion, Bloomberg, The Moderate Voice, Hot Air, Verum Serum, Erick's blog and Front Row Washington
Sam Stein / The Huffington Post:
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.).
Discussion:
The Other McCain, Washington Monthly, Swampland, Hullabaloo, odd time signatures, Oliver Willis and AMERICAblog News
The Politico:
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 …
Neil Irwin / Washington Post:
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 …
Discussion:
The Moderate Voice, The Atlantic Online, Prairie Weather, Daily Kos and The Hill
Wall Street Journal:
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 …
Discussion:
The Caucus, Bloomberg, New York Magazine, The Page, The Lonely Conservative and Pajamas Media
David Rogers / The Politico:
Debt talks blow up
Discussion:
CNN, Swampland, Economist's View and nation.foxnews.com
Andrew Stiles / National Review:
Obama ‘Abruptly’ Walks Out of Debt Talks
Discussion:
Hot Air, The Note and Le·gal In·sur·rec· tion
Romalley / nation.foxnews.com:
‘Agitated’ Obama Storms Out of Debt Meeting
Discussion:
The Atlantic Online and Verum Serum
Scott Wong / The Politico:
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.
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Nate Silver / FiveThirtyEight:
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 and ThinkProgress
Al Hoffman Jr / New York Times:
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
blogs.abcnews.com:
Sen. Graham: Republicans Should Accept Tax Revenue Increase
Discussion:
ThinkProgress, TPMDC, New York Magazine and The Note
Carl Hulse / New York Times:
Tensions Escalate as Stakes Grow in Fiscal Clash
Discussion:
Washington Post, CBS News, Reuters, Balkinization, Daily Kos, The Note, Riehl World View and Balloon Juice
Tom Junod / Esquire:
The Debt Debate's Real Doomsday Scenario — On Tuesday, in the late morning, I asked a banker to explain what will happen if the debt ceiling is not raised on August 2. He was not just any banker; he was and is the authority on the U.S. bond market at one of the biggest banks in the world.
Discussion:
Don Surber
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blogs.telegraph.co.uk:
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 …
Discussion:
Scared Monkeys, The Western Experience and Washington Post
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Joshua Green / The Atlantic Online:
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 …
Discussion:
The Raw Story, Crooks and Liars, The Daily Dish, New York Magazine, TigerHawk, TPMDC and Right Wing News
Agustino Fontevecchia / Moral Hazard:
Bernanke Fights Ron Paul In Congress: Gold Isn't Money — Bernanke faced Ron Paul in Congress - H4cblog — Chairman Ben Bernanke faced-off with Fed-hating Representative Ron Paul during his monetary policy report to Congress on Wednesday. The head of the Fed was forced to respond …
Discussion:
New York Sun and ProfessorBainbridge.com
RELATED:
Dan Hirschhorn / The Politico:
Ron Paul ads hitting airwaves in Iowa, N.H.
Discussion:
The Hill, GOP 12 and Hotline On Call
Lawrence Summers / Financial Times:
Time is of the essence, any US budget deal will do — As the debt negotiators square off in Congress, much attention will focus on the size of the 10-year budget deal they come up with. As almost everyone agrees, there is much more risk of doing too little than too much given the scale of America's fiscal challenge.
RELATED:
Martin Wolf / Financial Times:
From Italy to the US, utopia vs reality
Discussion:
Swampland and Paul Krugman
The Daily Beast:
Maid's ‘Fiancé’ Speaks — A call with an Arizona inmate tarnished the case of Strauss-Kahn's accuser. The man, who says he's the maid's fiancé, gives his side of the story to The Daily Beast. — One of the most important and controversial characters in the complicated …
Discussion:
Law Blog, TalkLeft, Runnin' Scared, The Huffington Post, New York Magazine and Gothamist
Jaya Narain / Daily Mail:
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
Alexander Burns / The Politico:
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
Alicia M. Cohn / The Hill:
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:
Reuters
Evan Hansen / Threat Level:
Manning-Lamo Chat Logs Revealed — A little more than a year ago, Wired.com published excerpts from instant messenger chats between accused WikiLeaks source Bradley Manning and Adrian Lamo, the ex-hacker in whom he confided and who reported him to the authorities.
Discussion:
Firedoglake, Bradley Manning Support …, Guardian, The Nation and Boing Boing, more at Techmeme »
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