The President Is Actually Trying to Talk the Markets Into a Panic.  —  An enraged Barack Obama just took to the nation's airwaves to announce his effort to strike a deal with Republican Speaker of the House John Boehner has fallen apart.  Perhaps for the first time in American history …

Debt talks between Barack Obama and John Boehner break down  —  Debt talks between President Barack Obama and Speaker John Boehner broke down again Friday with Republicans accusing the White House of upping its demands for new revenues after a rival deficit reduction plan had emerged in the Senate.

Obama Should Raise the Debt Ceiling on His Own  —  PRESIDENT OBAMA should announce that he will raise the debt ceiling unilaterally if he cannot reach a deal with Congress.  Constitutionally, he would be on solid ground.  Politically, he can't lose.  The public wants a deal.

John Boehner walks away from debt talks  —  House Speaker John Boehner has walked away from negotiations with President Obama over a deal to raise the debt limit.  —  “In the end, we couldn't connect.  Not because of different personalities, but because of different visions for our country,” Boehner said in a letter to colleagues.

Obama: Can They Say Yes to Anything?  —  After John Boehner breaks off debt-limit talks with the White House, the president laments the death of a potential compromise  —  President Obama ordered Democratic and Senate leaders to the White House for negotiations on Saturday …

Debt Ceiling Deadline Might Be August 10, Not August 2: Report … For months, markets have been girding themselves against the possibility that the U.S. will reach the limits of its borrowing ability on August 2 and default on its debts.  But researchers at Barclays Capital think the real deadline may not be until a week later.

Obama-Boehner talks collapse; each side blames the other  —  Debt-reduction negotiations between President Obama and House Speaker John A. Boehner collapsed Friday, derailing an effort to reach a landmark agreement to cut spending, overhaul the tax code and avert a government default.

At Least 80 Dead in Norway Shooting  —  OSLO — A lone political extremist bombed the government center here on Friday, killing 7 people, the police said, before heading to an island summer camp for young members of the governing Labor Party and killing at least 80 people.

‘Eighty dead’ in Norway shooting  —  Anders Frydenberg of Oslo police describes the rescue operation on Utoeya island  —  At least 80 people died when a gunman opened fire at an island youth camp in Norway, hours after a bomb attack on the capital, Oslo, police say.