6:30pm Boehner tells Obama: According to the Constitution, Congress writes the laws and you decide what to sign"

5:30pm Video: Jeb Bush: The reason I'm not running is not a political calculation, it really does boil down to making sure I'm a good husband and father...and making some money for a change

4:30pm Video: Herman Cain: Obama chose to let this crisis happen and is now pinning the blame on Boehner

1:45pm The Republican: Meanwhile, America, just as we're piling up even more debt we don't know how to pay off, we may not have been as rich as we thought we were

1:15pm Video: S&P: Yes, we might downgrade you BEFORE August 2, and debt as a size of the economy is a big part of that

Noon updates on The Republican:

• Want to know why the Boehner-Obama talks fell apart? Keith Hennessey explains
• Huntsman may have mortally wounded his campaign as it was getting started by rolling out his Conservatives for Huntsman petition

Video highlights:

• Boehner on why the debt talks with Obama broke down: Obama "moved the goal posts" and wanted a bunch of new tax increases at the 11th hour
• Weekly Republican Address: Jeb Hensarling of Texas puts the focus back on jobs

Boehner walks as Obama “moves the goal posts,” demands new tax increases, breaks previous agreements

"'I've been left at the altar now a couple of times' by Boehner, Obama said. 'The question is: What can you say yes to?' In his own subsequent press conference from the Capitol, Boehner said the White House had 'moved the goalposts' in a dispute over new tax revenues. 'There was an agreement with the White House at $800 billion in revenue. It’s the president who walked away from his agreement and demanded more money at the last minute,' he said." - The Hill

• "Boehner’s aides say the reason he didn’t [return Obama’s calls Friday] was simple: They didn’t have anything more to discuss. Obama had pressed for more revenue in the package, and Republicans just weren’t going to go for it, Boehner said Friday." - Politico

• "The talks broke down, however, as the two sides tried to reach agreement on the magnitude of the tax and entitlement changes and how to force Congress to meet the goals of the plan." - Washington Post

• "Mr. Boehner said talks broke down because Mr. Obama came back at the last minute and asked for $400 billion in additional revenues on top of the $800 billion he thought they had agreed to. "Dealing with this White House is like dealing with a bowl of Jell-O," Mr. Boehner said." - Wall Street Journal

• The inside story on why the talks broke down. - TIME

• Boehner’s letter to Republican colleagues on why he ended the talks and his plans to initiate talks with the Senate. - WSJ (pdf)

Early commentary on the debt talk breakdown:

• It was the White House that added $400 billion in new taxes, walked away from previously agreed-to tax reforms, and reneged on earlier claims about Social Security reform. - Andrew Stiles at The Corner

• Republicans find themselves facing a horrible choice between yielding on their exorbitant demands or pushing the United States into financial upheaval. - David Frum at Frum Forum

• House Republicans have the upper hand but their leadership is prepared to abandon it in order to get a deal. - Erick Erickson at RedState

• A grand bargain requires dealing with health care costs, which Obama will not do. So the GOP should pass a bill outlining which payments the government should make as the debt ceiling deadline passes and leave it to Obama to propose a ceiling increase plan. - Jeffrey Anderson at the Weekly Standard

• So is the left cheering the collapse of the debt talks now? - Richard Pollock at PJM

• Charles Krauthammer: “This is Obama at his most sanctimonious, demagogic, self-righteous and arrogant.” - The Daily Caller

It’s looking more and more like that Gang of Six deal came at the worst possible time

"And hours after the Senate's "Gang of Six," a group of bipartisan senators, announced the outlines of big deficit-reduction deal they'd been hashing out for months, Mr. Obama made a spur of the moment decision to go to the White House press room and embrace the deal, without even reading it. He didn't give advance notice even to the plan's authors, let alone Democratic leaders." - Wall Street Journal

Death toll rises to 91 in Norway bomber-shooter tragedy - USA Today

“The words "far-right Islamophobe" cast exactly as much light upon darkness as "radical jihadi" and seem to give quite a number of people the same kind of pleasure in exactly the same way. So now we have two dimwitted camps standing off in what is to both sides an obviously enjoyable war of political cliches--this before these kids have even been buried.” - Claire Berlinski at Ricochet

Rick Perry, prompted by his wife to run, will decide in three to four weeks

In a polar opposite scenario from that of Mitch Daniels, Perry “said he believes being Texas governor is ‘the best job in America’ but that his wife has encouraged him to aim for the presidency. ‘And she says, “You need to get out of your comfort zone. Your country is in trouble and you need to do your duty.” I listen to my wife,’ Perry said.” - AP via Politico

If Romney looks like he’s not trying too hard in Iowa, that’s on purpose

The former Massachusetts governor, widely considered the national front-runner for the GOP’s 2012 presidential nomination, is waging a stealth campaign in the nation’s first caucus state. Personally scorned by his exhaustive efforts here in 2008 only to see his campaign sputter after coming in second, Romney this time is trying to strike a balance between paying enough attention to Iowa to not ignore it altogether, while not appearing to be competing too hard. - Washington Post

More on 2012:

• Obama’s $46 million vs. Romney’s $18 million – an interactive chart on 2012 fundraising at NYT
• Romney wins Ohio stroll poll with 25% of the vote; Pawlenty 16%; Bachmann 15%; Perry 14%; Ron Paul 9%; Cain and Santorum 5% each; Gingrich 3%; Huntsman 2% (Perry, it should be noted, was a write-in) - Politico
• Chris Cillizza ranks the 2012 GOP contenders at The Fix
• While he opposes gay marriage, Rick Perry says it’s a states rights issue and that what New York did was “their business.” - AP via Breitbart
• Huntsman will try to revive his campaign by getting tough on Obama and showing his conservative credentials. - Washington Post

Let’s replace the health mandate with health savings - Capital Hill

Andrew Klavan: Bill Maher and the Left are getting uglier as Obama fails

“[Bill Maher’s and others’] ugliness seems to be escalating day by day, and with it the dishonesty, distortions, and bullying anger of their mainstream-media fellow travelers. There’s a reason for this, I think. It’s the increasingly apparent failure of Barack Obama…[Their behavior] the dismay of yet another generation of leftists waking from yet another utopian daydream to find themselves in a disaster of their own making.” - City Journal

> CLICK HERE TO SUBSCRIBE TO CONSERVATIVEHOME'S DAILY EMAIL AND GET ALL THE MOST IMPORTANT GOP NEWS BY 7:00AM EST EVERY WEEKDAY.