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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 …
Discussion:
Crooks and Liars, The Western Experience, Indecision Forever, Hot Air, The Lonely Conservative, Mediaite, CNN, Questions and Observations, Politics, Outside the Beltway, The Other McCain, Michelle Malkin, Wonkette, James Pethokoukis, NewsBusters.org, White House Dossier, Reuters, Shakesville, Swampland, Economist's View, Gawker, National Review, The Raw Story, Raw Replay, Doug Ross, New York Magazine, No More Mister Nice Blog, Nice Deb, Weigel, And So it Goes in Shreveport, Weasel Zippers, Bloomberg, Confederate Yankee, Pajamas Media, Firedoglake, THE ASTUTE BLOGGERS, Riehl World View, Daily Pundit, Pirate's Cove, JammieWearingFool and The Huffington Post
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Josiah Ryan / The Hill:
Reid: Cantor acted ‘childish’ and shouldn't be at the negotiation table — Senate Majority Leader Harry Reid (D-Nev.) said Thursday that House Majority Leader Eric Cantor (R-Va.) acted “childish” in the debt talks. — He is the the latest Democratic leader to accuse Cantor of impeding progress …
Discussion:
The Note, Riehl World View and Alan Colmes' Liberaland
Sam Stein / The Huffington Post:
Harry Reid And Mitch McConnell: ‘Hybrid’ Solution To Debt Standoff … Barack Obama , Harry Reid , Mitch McConnell , Cantor Debt Ceiling , Debt Ceiling , Cantor Obama , Debt Ceiling Approach , Debt Ceiling Mcconnell , Debt Ceiling Negotiations , Hybrid Debt Ceiling , Mcconnell Debt Ceiling Plan …
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Washington Post, ThinkProgress, TPMDC, Daily Kos and National Review
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 …
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The comedian-in-chief — Here's a joke for you: President …
Discussion:
National Review and Maggie's Farm
The Note:
Harry Reid Says ‘Childish’ Eric Cantor Shouldn't Be At The Negotiating Table
Harry Reid Says ‘Childish’ Eric Cantor Shouldn't Be At The Negotiating Table
Discussion:
ThinkProgress, iOwnTheWorld.com, Raw Replay and Political Punch
Neil Irwin / Washington Post:
Top Democrats laud GOP debt-limit move; Fed chief warns of ‘calamity’ if U.S. defaults
Top Democrats laud GOP debt-limit move; Fed chief warns of ‘calamity’ if U.S. defaults
David Dayen / Firedoglake:
Forget the Scrum: Real Details on Debt Limit Deal Emerge
Forget the Scrum: Real Details on Debt Limit Deal Emerge
Discussion:
Washington Post, The Hill and TPMDC
Michael D. Shear / The Caucus:
Eric Cantor Is the Democrats' New Boogeyman
Eric Cantor Is the Democrats' New Boogeyman
Discussion:
Washington Monthly, Alan Colmes' Liberaland, Washington Post, TPMDC and THE ASTUTE BLOGGERS
Jay Newton-Small / Swampland:
Obama vs. Cantor: Tempers Flare as Debt-Ceiling Negotiations Take a Dramatic Turn
Obama vs. Cantor: Tempers Flare as Debt-Ceiling Negotiations Take a Dramatic Turn
Discussion:
Washington Monthly
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Nancy Pelosi, John Boehner reject Camp David — Tensions are running so high over debt talks that Capitol Hill leaders are turning down a trip to Camp David before it's even clear the White House has invited them. — “The only thing I hope [President Obama] doesn't ask us to do is to go to Camp David …
Discussion:
Taegan Goddard's …, The Page and Daily Kos
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Time:
Conspiracy of Two — For one of the world's most watched buildings, the White House is remarkably easy to sneak into. On the afternoon of Sunday, July 3, while reporters scribbled down the details of President Obama's early return from a family vacation at Camp David — short sleeves …
Discussion:
Hullabaloo
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:
JustOneMinute, The Politico, The Huffington Post, Wall Street Journal, New York Post, Bloomberg, Booman Tribune, Daily Kos, ourfuture.org/blogs_chrono/*, Liberty Street, The Reaction, Althouse, The Heritage Foundation, americanthinker.com, Pirate's Cove, Outside the Beltway, The Mahablog, Washington Wire, Patterico's Pontifications, Hullabaloo, Don Surber, The Right Scoop, GOP 12, The New Editor, Pundit & Pundette, Balloon Juice, Le·gal In·sur·rec· tion and Washington Post
Mike Lillis / The Hill:
Pelosi: Markets might have to plummet before GOP acts on debt limit
Pelosi: Markets might have to plummet before GOP acts on debt limit
Discussion:
ThinkProgress
Ezra Klein / Washington Post:
The White House's case for a big deficit deal
The White House's case for a big deficit deal
Discussion:
Crooks and Liars, Hullabaloo, The Huffington Post, AMERICAblog News and The Monkey Cage
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 …
Discussion:
The Huffington Post and Taylor Marsh
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Obama Owns the Debt-Ceiling Fiasco — It doesn't help that he's declared high-speed rail and even unspent stimulus funds as untouchable. — President Barack Obama and Congress face a mess if the federal government hits the debt ceiling Aug. 2. The Bipartisan Policy Center …
Discussion:
The Moderate Voice, Washington Post, The Hankster, americanthinker.com, The Atlantic Online and Booman Tribune
Alicia M. Cohn / The Hill:
McCaskill: GOP looks like ‘hot, sloppy mess’
McCaskill: GOP looks like ‘hot, sloppy mess’
Discussion:
The Politico, CNN, Washington Examiner, The Note, Weasel Zippers, Reuters and Esquire
Alicia M. Cohn / The Hill:
Quinnipiac poll finds more voters would blame GOP on debt
Quinnipiac poll finds more voters would blame GOP on debt
Discussion:
Roll Call, Washington Monthly and Investor's Business Daily
Darren Goode / Reuters:
House light bulb debate returns as amendment
House light bulb debate returns as amendment
Discussion:
The Politico and Daily Kos
Jeffrey M. Jones / Gallup:
“Republican Candidate” Extends Lead vs. Obama to 47% to 39% — Margin marks first statistically significant lead among registered voters — PRINCETON, NJ — Registered voters by a significant margin now say they are more likely to vote for the “Republican Party's candidate for president” …
Discussion:
The Hill, Weasel Zippers, Nice Deb and CNN
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Ccolton / CBS New York:
Judge Declares Mistrial In Roger Clemens Perjury Case — NEW YORK (WFAN/AP) — The judge presiding over Roger Clemens' perjury trial has declared a mistrial over over inadmissible evidence shown to jurors that could have prejudiced them against the former Yankees star.
Discussion:
The Moderate Voice
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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 …
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U.S. credit rating not worth saving, Ron Paul says
Discussion:
LewRockwell.com Blog
Wayne Cole / Reuters:
Dollar in full retreat, NZD storms 30-year peak
Dollar in full retreat, NZD storms 30-year peak
Discussion:
Hot Air and americanthinker.com
Paul Krugman:
Obama, Moderate Republican — OK, not exactly. But Nate Silver's analysis of the budget proposals is a must-read. Nate looks at polling, and extracts the following implied preferences for the mix between tax increases and spending cuts in a debt deal: — What Obama has offered …
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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.
Discussion:
AMERICAN FUTURE
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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, Verum Serum, The Politico, NO QUARTER, Political Punch, New York Magazine and Riehl World View
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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 — Rahm Emanuel headlined Obama fund-raiser Wednesday in Chicago. — WASHINGTON—President Obama returns to Chicago on Aug. 3 …
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End to Minnesota Shutdown in GOP Hands — Special session could be called within three days — ST. PAUL, Minn. (FOX 9) - Minnesota Gov. Mark Dayton sent a letter Thursday to House Speaker Kurt Zellers and Senate Majority Leader Amy Koch, saying he “reluctantly” agrees to accept …
Discussion:
Power Line, Hot Air, Moe Lane and Pajamas Media
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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:
Alan Colmes' Liberaland, Erick's blog, Ben Smith's Blog and Daily Kos
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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 …
Discussion:
ThinkProgress, Law Blog and The BLT
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, Eunomia, National Review, Gawker, The Atlantic Online, The Daily Caller and The Awl
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, Hot Air, Outside the Beltway, The Gateway Pundit, Speaker and Heritage Action for America
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