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 …

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 …

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 …

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 …

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 …

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.

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.

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 …

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.

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 …

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 …

“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” …

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.

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.

Brookland NIMBYs Killing The Environment  —  Here's a map highlighting the location of 901 Monroe Street NE in Washington, DC:  —  As you can see, it's right by a Metro station.  Many people, myself included, would like to see America consume less gasoline.  One good way to achieve this is for more people to ride mass transit.

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.

Libya: Col Gaddafi has ‘suicide plan’ to blow up Tripoli  —  Col Muammar Gaddafi has a “suicidal plan” to blow up the capital Tripoli if it is taken by rebels, the Kremlin's special envoy to Libya said.  —  In an unusually frank interview with Russian daily newspaper Izvestia, Mikhail Margelov …