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9:45 AM ET, July 14, 2011

memeorandum

 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 …
RELATED:
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.”
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 …
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 …
Sam Stein / The Huffington Post:
Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall … WASHINGTON — Lawmakers and the White House had what nearly every party is describing as a “tough” and “testy” meeting on the debt ceiling Wednesday afternoon, culminating in a stormy exchange between President Obama and House Majority Leader Eric Cantor (R-Va.).
The Politico:
No yelling at Obama today  —  Carney reminded journalists, “I used to be where you are, and I used to ask questions.”  —  AP Photo  —  A long-running tiff between the White House press corps and the West Wing over presidential access flared anew today when press secretary Jay Carney faced off …
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 …
Los Angeles Times:
Obama ends tense debt talks with a warning
The Note:
Boehner: Dealing With the White House ‘Has Been Like Dealing With Jell-o’
Andy Sullivan / Reuters:
Obama says has reached his limit in debt talks -aide
Discussion: Politics
Damian Paletta / Washington Wire:   Alan Simpson: ‘No Hope’ of Debt Ceiling Agreement
The Nation:
ALEC Exposed
Discussion: Daily Kos and Crooks and Liars
The Politico:
President Obama abruptly walks out of talks
Discussion: Mediaite and Viking Pundit
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
RELATED:
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.
Nate Silver / FiveThirtyEight:
G.O.P.'s No-Tax Stance Is Outside Political Mainstream  —  The back-and-forth of the debt limit negotiations can be perplexing.  But the facts driving the debate are quite straightforward.  Any deal, or any workaround to a deal, will need to be approved by a majority of the House of Representatives.
Al Hoffman Jr / New York Times:
The Republican Case for Compromise  —  I HAVE always been a conservative Republican, and I subscribe to the ideas of less government, lower taxes, innovation and entrepreneurship.  But I also believe that, in the face of a possible debt default by the federal government, Republicans need to embrace the principle of compromise.
Discussion: The Politico
Tom Junod / Esquire:
The Debt Debate's Real Doomsday Scenario
Discussion: Don Surber
Jeffrey M. Jones / Gallup:
On Deficit, Americans Prefer Spending Cuts; Open to Tax Hikes
blogs.telegraph.co.uk:
Bush trumps Barack in the Arab world: President Obama is proving an embarrassing flop in the Middle East  —  Today's eye-opening Zogby poll for the Arab American Institute Foundation should be a wake-up call to the White House on its failing foreign policy.  After two and a half years of bashing Israel …
RELATED:
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 …
RELATED:
Agustino Fontevecchia / Moral Hazard:
Bernanke Fights Ron Paul In Congress: Gold Isn't Money
Joshua Green / The Atlantic Online:
Michele Bachmann's Church Says the Pope Is the Antichrist  —  The Iowa front-runner for the GOP nomination was a longstanding member of a strict Lutheran synod with controversial views of Catholicism  —  Michele Bachmann is practically synonymous with political controversy …
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 …
RELATED:
CNNMoney.com:
Debt ceiling: Moody's puts U.S. on notice  —  NEW YORK (CNNMoney) — The public pressure on lawmakers to raise the debt ceiling was ratcheted up Wednesday when a major rating agency said it would put the sterling bond rating of the United States on review for possible downgrade.
RELATED:
Washington Post:
Moody's moves one step closer to downgrading U.S. debt
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: GOP 12
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:
Lawrence Summers / Financial Times:   Time is of the essence, any US budget deal will do
Jaya Narain / Daily Mail:
Breast-feeding mother ‘told to leave council headquarters because she would offend Muslim visitors’  —  A mother was ordered not to breastfeed her baby in public because she was in a ‘multicultural building’.  —  Emma Mitchell, 32, was about to feed 19-week-old son Aaron when a receptionist at a town hall warned her to stop.
 
 
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