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:
CNN, Mediaite, Indecision Forever, Questions and Observations, Wonkette, Hot Air, NewsBusters.org, Shakesville, White House Dossier, Politics, Michelle Malkin, Swampland, Outside the Beltway, Reuters, James Pethokoukis, Economist's View, The Raw Story, National Review, The Lonely Conservative, And So it Goes in Shreveport, No More Mister Nice Blog, Nice Deb, Doug Ross, Weasel Zippers, Raw Replay, Weigel, Pajamas Media, Firedoglake, Confederate Yankee, Riehl World View, Pirate's Cove, THE ASTUTE BLOGGERS, Daily Pundit, JammieWearingFool, The Huffington Post and The Page
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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:
The Huffington Post, New York Post, Bloomberg, The Reaction, Daily Kos, Washington Wire, The Heritage Foundation, Patterico's Pontifications, ourfuture.org/blogs_chrono/*, Liberty Street, Althouse, americanthinker.com, Outside the Beltway, Pirate's Cove, The Politico, Don Surber, GOP 12, The Right Scoop, The New Editor, Pundit & Pundette, Balloon Juice, Reuters 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 …
Stuart Rothenberg / Roll Call:
Debt Ceiling Stalemate Not About Numbers — There is an old joke, attributed to both Winston Churchill and George Bernard Shaw. It goes something like this: — Churchill: Madam, would you sleep with me for 5 million pounds? — Woman: My goodness, Mr. Churchill ... Well, I suppose …
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:
The Politico, CNN, Washington Examiner, Esquire, Weasel Zippers and New York Magazine
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:
Global Public Square, The Politico, National Review, Bloomberg, New York Magazine, The Page and The Lonely Conservative
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 …
Karl Rove / Wall Street Journal:
Obama Owns the Debt-Ceiling Fiasco
Discussion:
Washington Post and The Atlantic Online
Sam Stein / The Huffington Post:
Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall
Discussion:
Firedoglake, Washington Monthly, Washington Post, Booman Tribune, The New Republic, Taylor Marsh, Daily Kos, Reuters, The Note, The Other McCain, odd time signatures, ourfuture.org/blogs_chrono/*, Hullabaloo, The Mahablog, The Politico, Politics, msnbc.com, Oliver Willis and AMERICAblog News
The Note:
Harry Reid Says ‘Childish’ Eric Cantor Shouldn't Be At The Negotiating Table
Discussion:
Raw Replay and Political Punch
Jay Newton-Small / Swampland:
Obama vs. Cantor: Tempers Flare As Debt Ceiling Negotiations Take a Dramatic Turn
Discussion:
Washington Monthly
Darren Goode / Reuters:
House light bulb debate returns as amendment
Discussion:
Daily Kos and The Politico
Michael D. Shear / The Caucus:
Eric Cantor Is the Democrats' New Bogeyman
Discussion:
THE ASTUTE BLOGGERS
Dan Hirschhorn / The Politico:
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 …
Discussion:
CNN, Moral Hazard, The Atlantic Online, The Note, The American Independent, The Hill, msnbc.com, GOP 12, Taylor Marsh, Ben Smith's Blog, National Review and Hotline On Call
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Wayne Cole / Reuters:
Dollar in full retreat, NZD storms 30-year peak
Discussion:
Hot Air and americanthinker.com
Jennifer Epstein / The Politico:
U.S. credit rating not worth saving, Ron Paul says
Discussion:
LewRockwell.com Blog
The Note:
Michele Bachmann Gains Momentum, Surges in Polls — ABC News' Jonathan Karl and Amy Bingham report: — Rep. Michele Bachmann is proving to be a force to be reckoned with as she picks up momentum in early caucus states and surges in the polls. — A national Quinnipiac University poll …
Discussion:
The Politico, The Moderate Voice, Taylor Marsh and CNN
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Andy Birkey / Minnesota Independent:
Religious right rushes to Bachmann's defense following ‘ex-gay’ reports
Discussion:
CNN, Right Wing Watch, NOM Blog, Taylor Marsh, Firedoglake, Holy Bullies …, Truth Wins Out and The Brody File
Andrew Harmon / Advocate:
15 Minutes of Franken — Last month, when The Advocate reached …
Discussion:
The Hill, Equality Matters, Weasel Zippers, Breaking news and opinion … and ThinkProgress
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.
Discussion:
Alan Colmes' Liberaland and Balloon Juice
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Al Hoffman Jr / New York Times:
The Republican Case for Compromise
Discussion:
The Politico and Washington Post
Matthew Yglesias / ThinkProgress:
Michele Bachmann's Weak Command Of Yiddish — The GOP continues its oft-troubled Jewish outreach efforts by having Michele Bachmann try and fail to pronounce “chutzpah.” — Meanwhile, her church says the Pope is the Antichrist, so she's sure to break out of the Evangelical bubble any day now.
Discussion:
Alan Colmes' Liberaland, GOP 12 and The Awl
RELATED:
Bloomberg:
Reinhart and Rogoff: The Economy Can't Grow — As public debt in advanced countries reaches levels not seen since the end of World War II, there is considerable debate about the urgency of taming deficits with the aim of stabilizing and ultimately reducing debt as a percentage of gross domestic product.
Rasmussen Reports:
55% Oppose Tax Hike In Debt Ceiling Deal — As the Beltway politicians try to figure out how they will raise the debt ceiling and for how long, most voters oppose including tax hikes in the deal. — Just 34% think a tax hike should be included in any legislation to raise the debt ceiling.
Discussion:
The Politico, Outside the Beltway, Hot Air, Heritage Action for America and Speaker
Kevin Sack / New York Times:
Book Challenges Obama on Mother's Deathbed Fight — The White House on Wednesday declined to challenge an account in a new book that suggests that President Obama, in his campaign to overhaul American health care, mischaracterized a central anecdote about his mother's deathbed dispute with her insurance company.
Discussion:
Althouse, The Politico, NO QUARTER, New York Magazine and Riehl World View
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:
Ben Smith's Blog, Erick's blog, Daily Kos and GOP 12
Lynn Sweet:
Obama hits Chicago for 50th birthday fund-raisers at the Aragon — Logo for the Obama Aug. 3 birthday fund-raiser. — follow Lynn Sweet on Twitter: @lynnsweet — WASHINGTON—President Obama returns to Chicago on Aug. 3 to mark his 50th birthday with fund-raisers at the Aragon Ballroom …
Discussion:
White House Dossier, Weasel Zippers, Le·gal In·sur·rec· tion and JammieWearingFool
New York Post:
The comedian-in-chief — Here's a joke for you: President Obama nearly bankrupts the country with his out-of-control deficit spending — then demands responsible fiscal leadership from the Republicans. — OK, this is no time for humor: The country faces a deadline of Aug. 2 to either raise …
Discussion:
National Review
Peter Orszag / Bloomberg:
About Peter R Orszag — Hard Slog — the Real Future of the U.S. Economy: Peter Orszag — The continuing weakness in the labor market and the saga of the debt limit highlight the dual problems we face: low economic growth right now and an unsustainable amount of debt for the future.
Discussion:
Politics, Via Meadia and Daily Pundit
Michael W. McConnell / Wall Street Journal:
Budget Shell Games Are Contrary to Law — Congressional rules require public proposals and specific numbers that can be openly debated. — After sending up a budget in February that would only add to government spending and deficits, President Obama has now come around to the view that …
Discussion:
Betsy's Page and The Volokh Conspiracy
James Nash / Bloomberg:
Moody's Will Cut 7,000 Top-Rated Munis If U.S. Downgraded, Reviewing More — At least 7,000 top-rated municipal credits would have their ratings cut if the U.S. government loses its Aaa grade, Moody's Investors Service said. — An “automatic” downgrade affecting $130 billion …
Discussion:
Talking Points Memo, The Atlantic Online and Pajamas Media
Jess Bravin / Wall Street Journal:
A Gun Activist Takes Aim at U.S. Regulatory Power — MISSOULA, Mont.—With a homemade .22-caliber rifle he calls the Montana Buckaroo, Gary Marbut dreams of taking down the federal regulatory state. — He's not planning to fire his gun. Instead, he wants to sell it …
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