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10:15 AM ET, July 14, 2011


 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 …
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.).
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 …
The Nation:
ALEC Exposed
Discussion: Daily Kos and Crooks and Liars
BooMan / Booman Tribune:
Real Professional Kabuki Theater
Discussion: Liberty Street
Damian Paletta / Washington Wire:   Alan Simpson: ‘No Hope’ of Debt Ceiling Agreement
Los Angeles Times:
Obama ends tense debt talks with a warning
Andy Sullivan / Reuters:
Obama says has reached his limit in debt talks -aide
Discussion: Politics
The Note:
Boehner: Dealing With the White House ‘Has Been Like Dealing With Jell-o’
The Politico:
President Obama abruptly walks out of talks
Discussion: Mediaite and Viking Pundit
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.
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 …
Tom Junod / Esquire:
The Debt Debate's Real Doomsday Scenario
Discussion: Don Surber
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 …
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
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 …
Agustino Fontevecchia / Moral Hazard:
Bernanke Fights Ron Paul In Congress: Gold Isn't Money
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 …
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
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.
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 …
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
Lawrence Summers / Financial Times:   Time is of the essence, any US budget deal will do
3rd straight Iowa poll has Bachmann at top  —  (CNN) - Call it a polling hat trick.  For the third time this week, a survey of likely Iowa GOP caucus goers has Republican presidential candidate and Rep. Michele Bachmann at the top.  —  According to a new poll from Mason Dixon Polling and Research …
Discussion: TPMDC
Washington Post:
Moody's moves one step closer to downgrading U.S. debt  —  Moody's Investors Service said Wednesday it has put the U.S. government's top-notch credit rating on review for a possible downgrade because of the risk that Washington will not raise the federal debt ceiling in time to avoid a default.
Discussion: Washington Monthly and RedState
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
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 More Items: 
Jack Spencer / Michigan Capitol Confidential:
School District Admits ‘Big Mistake’ Over ‘Get Rid of Snyder’ Phone Alert
Discussion: RedState and Ben Smith's Blog
Reshma Kirpalani / ABCNEWS:
‘Ground Zero Mosque’ Clears Legal Hurdle to Build
Wall Street Journal:
Bank Liabilities Facing Scrutiny
Discussion: naked capitalism
The Big Picture:
Wallison: Still Wrong About Genesis of Housing Crisis
Al Hoffman Jr / New York Times:
The Republican Case for Compromise
Discussion: The Politico and Washington Post
 Earlier Items: 
Stephen Koff / Plain Dealer:
Ohio Treasurer Josh Mandel raises whopping $2.3 million for U.S. Senate race
Discussion: TPMDC, Plunderbund and RedState
Caroline May / The Daily Caller:
So much for the obesity epidemic
Discussion: Hot Air
Wall Street Journal:
Amazon Plans iPad Rival