On the Radar: July 22, 2011

Boehner And Obama Nearing Deal On Cuts And Taxes
By Jackie Calmes and Carl Hulse, The New York Times
President Obama and the Republican House speaker, John A. Boehner, once again struggled against resistance from their respective parties on Thursday as they tried to shape a sweeping deficit-reduction agreement that could avert a government default in less than two weeks. Read more

President's Debt Offer Risky But Could Be Win-Win
By Charles Babington, Associated Press
It's hard to know which is more surprising: a Democratic president pushing historic cuts in spending, including Social Security and Medicare. Or a Republican-controlled House refusing to accept the deal and declare a huge victory for long-sought GOP goals. Read more

Obama And Boehner Advance Toward Deal To Cut Deficit
By Naftali Bendavid, Carol E. Lee and Janet Hook, The Wall Street Journal
President Barack Obama and House Speaker John Boehner are moving toward a deficit-reduction deal that could cut as much as $3 trillion in spending and overhaul the tax code by the end of next year to raise up to $1 trillion, according to people familiar with the talks. Read more

Debt Talks Continue: Deal Ahead?
By John Harwood, CNBC
Debt deal meetings are underway, with CNBC's John Harwood; Sen. Mark Uduall, (D-CO); and Sen. Ron Johnson, (R-WI). View

Fury At Murdoch Reflects Pent-Up Anger Of Intimidated Politicians
By Dan Balz, The Washington Post
The phone-hacking scandal that has driven Rupert Murdoch and his empire into retreat and gripped audiences on both sides of the Atlantic is playing out against the backdrop of a combustible political-media culture vastly different from that in the United States. Read more

Pledge Kludge
By John Dickerson, Slate
Washington is always thick with rumors—you can almost see them on the local Doppler. On Thursday afternoon, a rumor surfaced that President Obama and House Speaker John Boehner were close to a deal on raising the debt ceiling. Read more

As Obama, Boehner Rush To Strike Deal, Democrats Are Left Fuming
By Lori Montgomery and Paul Kane, The Washington Post
President Obama and House Speaker John A. Boehner rushed Thursday to strike agreement on a far-reaching plan to reduce the national debt but faced a revolt from Democrats furious that the accord appeared to include no immediate provision to raise taxes. Read more

Democrats Erupt Over Latest Plan On Debt Ceiling
By Lisa Mascaro and Christi Parsons, Los Angeles Times
As President Obama pushed hard for a grand deal to reduce the federal deficit, he ignited a furor among congressional Democrats on Thursday by appearing to retreat from his insistence that spending cuts and revenue increases be included in the same package. Read more

What Happened To The Recovery?
By David Wessel, The Wall Street Journal
Many economists have ratcheted down their growth forecasts for the U.S. economy in 2011 from predictions made just a few months ago. Three hypotheses from the Journal's David Wessel on what derailed the recovery. View

Cantor’s Moment Of Choosing
By Major Garrett, National Journal
The day of reckoning on the debt ceiling is coming, and for no one in Congress is it more portentous than for House Majority Leader Eric Cantor. A political figure of unarguable talent and ambition, the Virginia Republican could one day pursue any number of jobs: speaker of the House, governor of his home state, U.S. senator. Some Republicans believe that Cantor fantasizes about being the nation’s first Jewish president. Read more

On Debt-Ceiling Debate, GOP Presidential Candidates Talk Tough, Walk Softly
By Karen Tumulty and Philip Rucker, The Washington Post
Candidates enjoy a luxury that those who actually hold office don’t have: They can take a stand without taking a position. Eager to establish themselves as fiscal disciplinarians, the Republican candidates for president are all offering tough rhetoric in the debate over the federal debt ceiling. Read more

 

Posted: Fri, 07/22/2011 - 12:00am