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, Questions and Observations, Wonkette, Outside the Beltway, Hot Air, NewsBusters.org, James Pethokoukis, Politics, White House Dossier, Swampland, Michelle Malkin, Reuters, And So it Goes in Shreveport, National Review, The Raw Story, Raw Replay, Nice Deb, No More Mister Nice Blog, The Lonely Conservative, Weasel Zippers, Doug Ross, Weigel, Pajamas Media, Firedoglake, Confederate Yankee, Pirate's Cove, THE ASTUTE BLOGGERS, Daily Pundit, 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:
Bloomberg, The Reaction, Daily Kos, The Heritage Foundation, Althouse, ourfuture.org/blogs_chrono/*, Pirate's Cove, Patterico's Pontifications, americanthinker.com, Outside the Beltway, GOP 12, Don Surber, The Politico, The Right Scoop, The New Editor, Pundit & Pundette, Balloon Juice 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 …
Discussion:
Firedoglake, The Daily Caller, The Moderate Voice, RedState, Hot Air, Verum Serum, The Note, Front Row Washington and Le·gal In·sur·rec· tion
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 …
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, Boston Globe, The Politico, Bloomberg, The Caucus, New York Magazine, The Page, The Lonely Conservative and Pajamas Media
Bloomberg:
Moody's Downgrade Warning Pressures U.S. on Debt Deal
Discussion:
Le·gal In·sur·rec· tion, Bloomberg, Open Congress and Wonkette
Jay Newton-Small / Swampland:
Obama vs. Cantor: Tempers Flare As Debt Ceiling Negotiations Take a Dramatic Turn
Discussion:
Washington Monthly
BooMan / Booman Tribune:
Real Professional Kabuki Theater
Discussion:
Liberty Street, The Mahablog and Economist's View
Los Angeles Times:
Obama ends tense debt talks with a warning
Discussion:
New York Post, Washington Post, Guardian and Opinion L.A.
Damian Paletta / Washington Wire:
Alan Simpson: ‘No Hope’ of Debt Ceiling Agreement
Discussion:
The New Republic
Andy Sullivan / Reuters:
Obama says has reached his limit in debt talks -aide
Discussion:
Washington Monthly and Politics
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 …
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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 Note, Reuters, Washington Examiner, Weasel Zippers and New York Magazine
Karl Rove / Wall Street Journal:
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:
Washington Post and The Atlantic Online
Nate Silver / FiveThirtyEight:
G.O.P.'s No-Tax Stance Is Outside Political Mainstream
Discussion:
CNN, Washington Monthly, CBS News, The Confluence, Washington Post, Paul Krugman, Associated Press, msnbc.com, Reuters, Poll Watch Daily, Gallup, New York Times, Balkinization and Daily Kos
Jonathan Chait / The New Republic:
Obama Still Wants To Cut A Terrible Deal
Discussion:
Lawyers, Guns & Money
Tom Junod / Esquire:
The Debt Debate's Real Doomsday Scenario
Discussion:
Shakesville and Don Surber
The Note:
Michele Bachmann Gains Momentum, Surges in Polls — ABC News' Jonathan Karl and Amy Bingham report: — 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 Quinnipac University poll released …
Discussion:
The Politico, The Moderate Voice and CNN
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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 …
Discussion:
CNN, The Atlantic Online, The Note, The Hill, msnbc.com, GOP 12, Ben Smith's Blog, National Review and Hotline On Call
RELATED:
Agustino Fontevecchia / Moral Hazard:
Bernanke Fights Ron Paul In Congress: Gold Isn't Money
Discussion:
ProfessorBainbridge.com and New York Sun
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 …
Discussion:
Taylor Marsh, Connecting.the.Dots, Right Wing Watch, NOM Blog, Firedoglake, Truth Wins Out, Holy Bullies …, The Brody File and Speakeasy
RELATED:
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:
Balloon Juice
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, GOP 12 and Daily Kos
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, New York Magazine and Riehl World View
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 …
Martin Wolf / Financial Times:
From Italy to the US, utopia vs reality — In the eurozone, the fiscal crisis is lapping on Italy's shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial.
Discussion:
Swampland and Paul Krugman
RELATED:
Wayne Cole / Reuters:
Dollar in full retreat, NZD storms 30-year peak — (Reuters) - The U.S. dollar was on the run in Asia on Thursday after a ratings warning from Moody's and a hint of further policy easing from the Federal Reserve unleashed a wave of panic selling, much to the relief of the hard-pressed euro.
Discussion:
Hot Air and americanthinker.com
Thom Shanker / New York Times:
To Track Militants, U.S. Has System That Never Forgets a Face — WASHINGTON — When the Taliban dug an elaborate tunnel system beneath the largest prison in southern Afghanistan this spring, they set off a scramble to catch the 475 inmates who escaped. — One thing made it easier.
Discussion:
Battleland, ThinkProgress and thomaspmbarnett.com
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