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9:00 AM ET, July 14, 2011

memeorandum

 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 …
RELATED:
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.”
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.).
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 …
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 …
Andy Sullivan / Reuters:
Obama says has reached his limit in debt talks -aide  —  (Reuters) - U.S. President Barack Obama told Republicans at the conclusion of a stormy budget meeting on Wednesday that he would not yield further even if it puts his presidency at risk, a Republican aide said.
Discussion: Politics
Damian Paletta / Washington Wire:
Alan Simpson: ‘No Hope’ of Debt Ceiling Agreement  —  Former Sen. Alan Simpson (R., Wyo.), who co-chaired the White House's deficit reduction panel last year, said he has lost hope the White House and Congress will be able to reach a deal to raise the debt ceiling by Aug. 2.
David Rogers / The Politico:
Debt talks blow up  —  Twenty days left and counting, the August debt ceiling showdown broke along two fronts Wednesday: the political forces of 2010 vs. 2012 and the shape and pace of tax reform in this Congress or the next.  —  House Republicans, who owe their majority to the 2010 elections …
Andrew Stiles / National Review:
Obama ‘Abruptly’ Walks Out of Debt Talks  —  House Majority Leader Eric Cantor (R., Va.) told reporters outside the House chamber that Wednesday afternoon's meeting at the White House ended with President Obama “abruptly walking out” of the room.  Cantor expressed a growing frustration …
The Politico:
President Obama abruptly walks out of talks
Discussion: Mediaite and Viking Pundit
Wall Street Journal:
Raters Put U.S. on Notice
Neil Irwin / Washington Post:
Top Democrats laud GOP debt-limit move; Fed chief warns of ‘calamity’ if U.S. defaults
The Nation:
ALEC Exposed
Discussion: Daily Kos and Crooks and Liars
Los Angeles Times:
Obama ends tense debt talks with a warning
Discussion: Guardian and Opinion L.A.
Romalley / nation.foxnews.com:
‘Agitated’ Obama Storms Out of Debt Meeting
First Read / msnbc.com:
Can order emerge from chaos on the debt deal?
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.
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 …
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 …
RELATED:
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 …
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.
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
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
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.
Andy Birkey / Minnesota Independent:
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 …
Eric Boehlert / Media Matters for America:
The Kenneth Gladney Charade Collapses  —  It took a St. Louis County jury less than 50 minutes to return a not guilty verdict in the assault trial featuring Kenneth Gladney and two union members who were charged with attacking him outside a two hall event during the tumultuous summer of 2009.
RELATED:
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.
CNN:
Debt ceiling: Moody's puts U.S. on notice  —  By: CNNMoney.com Senior Writer Jeanne Sahadi  —  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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 More Items: 
Wall Street Journal:
Bank Liabilities Facing Scrutiny
Discussion: naked capitalism
The Big Picture:
Wallison: Still Wrong About Genesis of Housing Crisis
Discussion: Paul Krugman and EconLog
Alexander Burns / The Politico:
The Bain of Mitt Romney's campaign
Discussion: GOP 12
Guardian:
Rupert Murdoch gives up BSkyB takeover bid
Agustino Fontevecchia / Moral Hazard:
Bernanke Fights Ron Paul In Congress: Gold Isn't Money
Stephen Koff / Plain Dealer:
Ohio Treasurer Josh Mandel raises whopping $2.3 million for U.S. Senate race
Discussion: TPMDC, Plunderbund and Erick's blog
 Earlier Items: 
Caroline May / The Daily Caller:
So much for the obesity epidemic
Discussion: Hot Air
Eric Roper Updated / Minneapolis Star Tribune:
Shutdown forces MillerCoors to pull beer from shelves
 

 
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