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.

Pelosi Outlines Revenue-Free Path Forward On Debt Limit Fight  —  House Minority Leader Nancy Pelosi acknowledged Friday that Democrats may reluctantly accept a last-minute compromise to avoid a default that involves up to $2.5 trillion in spending cuts — without agreed-upon new tax revenues …

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.

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.

11 days until disaster, three options to prevent it  —  (Andrew Harrer - BLOOMBERG) It always feels different in the room.  In the room, everyone wants a deal.  They want their name on legislation, in history books.  They want to do the big things and make the hard choices.

Death Toll Rises to 91 in Norway Attacks  —  OSLO — The Norwegian police on Saturday charged a 32-year-old man, whom they identified as a Christian fundamentalist with right-wing connections, over the bombing of a government center here and a shooting attack on a nearby island that together left at least 91 people dead.

Who is the suspect in Norway's attacks?  —  (CNN) — As Norway struggles to come to terms with its greatest loss of life in decades, all eyes are on the man charged in the explosion in central Oslo and the deadly shooting rampage at a youth camp.  —  While police have not officially named him …

‘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.

Wu at center of sex allegation  —  Rep. David Wu has been accused of an “unwanted sexual encounter” with the teenage daughter of a longtime friend, the latest scandal to engulf the troubled Oregon Democrat.  —  The Oregonian reported that the 56-year-old Wu “acknowledged a sexual encounter …