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Newslinks for Sunday July 24, 2011

Posted on 07/24/2011

10:15pm Video: Sen. Mike Crapo 'beyond disappointed' at Senators for blocking 'Cut, Cap, Balance'

6:15pm Ideas: A long term strategy for the future of NASA

Screen shot 2011-07-24 at 22.42.17 5:00pm Video:

12:15pm The Republican: With 75 in person appearances ahead of the Ames Straw Poll, Pawlenty and Santorum significantly outpace the rest of the GOP field when it comes to campaign outreach in Iowa

10:45am Paul Goodman on ConHome UK: We are not all guilty of Norway's murders

10:30am Opinion: Rep. Raúl Labrador: Why a balanced budget amendment is necessary to save our nation

9:15am Video: Ron Paul weighs in on the debt ceiling 'blame game,' stressing that he is very 'annoyed' by President Obama's economic decisions Screen shot 2011-07-24 at 13.55.36

Congress ditches Obama as negotiators begin effort to salvage debt deal

"First came the Biden talks. When those blew up, the Obama-Boehner talks took center stage. And when that failed, the McConnell-Reid talks looked promising. And after they faltered, the Obama-Boehner talks tried to find a new life. Now it’s all come down to the Boehner-Reid-Pelosi-McConnell talks to solve the debt crisis. Notably absent? The president.That’s not to say Saturday’s congressional takeover went well. In a frantic bid to avoid causing a worldwide economic disruption, debt negotiations have shifted wholly to Capitol Hill, as a frustrated President Barack Obama has taken a step back and allowed House and Senate leaders to try to find a way out of the debt-ceiling debacle. After congressional leaders told Obama at the White House Saturday morning they would attempt to stave off the crisis before Asian markets open Sunday evening, leadership aides raced to put together a framework that both parties could support...In an extraordinary Saturday evening session in the Capitol, House Speaker John Boehner (R-Ohio), Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Nancy Pelosi (D-Calif.) sat around negotiating, on their own turf, without White House aides present." - PoliticoLA Times | USA Today

  • "The two parties' leaders remained deadlocked Saturday night on the debt limit, with a two-tier proposal from Republicans failing to win Democratic backing and no clear path to averting the nation's first ever debt default." - Roll Call ($)
  • Acrimony engulfs Washington amid breakdown - FT ($)
  • "Republicans in House majority leader’s district deliver a mixed list of outcomes they hope for from debt talks." - Washington Post

Yesterday on The Republican: Want to know why the Boehner-Obama talks fell apart? Keith Hennessey explains

Screen shot 2011-07-24 at 13.28.22 Boehner aims to release new debt plan Sunday afternoon - The Hill

"House Speaker John Boehner told his GOP colleagues Saturday that he hopes to roll out a two-step plan within the next 24 hours for raising the federal debt ceiling to avoid roiling Asian financial markets when they open Sunday." - Washington Post

...but GOP leaders find agreement alusive - Washington Post

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

Wall Street braces for credit downgrade

Screen shot 2011-07-24 at 13.29.16 "Wall Street’s top concern is no longer that the United States will fail to increase the federal limit on borrowing by Aug. 2 but that political leaders will fall short in their negotiations over an ambitious plan for taming the nation’s debt, according to financial analysts. If President Obama and Congress are unable to reach such an agreement for reducing the debt, credit-rating firms — in particular, Standard & Poor’s — could cut the top-notch U.S. debt rating, sending a shock across U.S. financial markets." - Washington Post

"A failure to get debt reduction talks back on track "would be very harmful to an already fragile U.S. economy," the head of the world's largest bond management firm says." - CNN

> Yesterday on 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

Michael Barone: To get a mandate, GOP must win another election

"Obama promised to fundamentally transform America and he and his party have managed to increase the federal government's share of gross domestic product from 21 percent to 25 percent -- a huge policy change. They are striving now to keep it at that level, permanently. Republicans want to reverse that enormous policy change, and many are ready to denounce any debt limit deal that leaves them short of that goal. Before doing so, they ought to consult the Constitution. To achieve the changes they want and that voters endorsed in 2010, they need to win again in 2012. The deal that gets them closer to that is what they ought to be seeking now." - Washington Examiner

Amid budget cuts, mayors speak as one

"Mayors from 50 cities gathered to vent about the impact that a sour economy and years of budget cuts—as well as possible cuts to federal funding if the debt ceiling isn't raised—is having on their cities." - WSJ

States try to squeeze taxes out of online travel sites - Moneyland blog on TIME

Gov. Perry: Gay marriage is states' rights issue - USA Today

After long wait, same-sex couples marry in New York - New York Times

GOP committee picks 9 Republican presidential candidates for ballot for 2011 Iowa Straw Poll

Screen shot 2011-07-24 at 13.30.31 "Nine Republican presidential candidates will appear on the ballot for the Iowa Straw Poll, a party fundraiser where thousands of GOP activists weigh in on the presidential field. It’s considered an early indicator of support in the state with the nation’s leadoff presidential caucuses. The Iowa GOP State Central Committee announced Saturday that the six candidates who reserved space at the Aug. 13 event at Iowa State University were guaranteed spots. They are Minnesota Rep. Michele Bachmann, Georgia businessman Herman Cain, Michigan Rep. Thaddeus McCotter, Texas Rep. Ron Paul, former Minnesota Gov. Tim Pawlenty and former Pennsylvania Sen. Rick Santorum. The committee also selected three others: former House Speaker Newt Gingrich, former Utah Gov. Jon Huntsman and former Massachusetts Gov. Mitt Romney. There will be a space for write-ins." - Washington Post

Palin, Perry not listed on Iowa straw poll ballot - The Hill

Jeb Bush: Current Republican candidates 'capable' of a win in 2012

Screen shot 2011-01-15 at 12.54.13 "Former Florida Gov. Jeb Bush said Friday he is optimistic about the chances of the current field of Republican presidential candidates. "The notion that somehow these aren’t folks that are capable of winning, I think, is ridiculous,” Bush said. “I think we have qualified candidates.” Polls over the past week have placed Mitt Romney at the front of the pack with a strong lead over the rest of the candidates. However, polls also indicate a general lack of enthusiasm for any one candidate among likely Republican voters." - The Hill

Yesterday on 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

Huntsman to get tough on Obama, GOP rivals - Washington Post

Debra J. Saunders: Pawlenty promises not to embarass the GOP

Screen shot 2011-07-24 at 13.39.07 "Pawlenty's dilemma: He's not polarizing, and polarizing generates buzz, which boosts poll numbers during the early name-recognition phase of a primary. So he has to find a way to tell GOP voters: Unlike the showboats in the field - no need to name Bachmann, Newt Gingrich or businessman Herman Cain - I am the Republican who won't embarrass you. (Trust me. Republicans are sick of going to parties where Democrats buttonhole them so that they can rant about Sarah Palin. No need to double down on that.) Despite the early poll success of the firebrands, as the election approaches, GOP primary voters tend to be highly pragmatic. Their first concern will be whether a candidate can beat President Obama in November 2012. They know that a polarizing nominee cannot win. They know that a nominee who is light on experience cannot win." - SF Chronicle

FAA shutdown leads to widespread job loss, cheaper airline tickets

Screen shot 2011-07-24 at 13.40.01 "Nearly 4,000 people are temporarily out of work and federal airline ticket taxes have been suspended after efforts to avert a shutdown of the Federal Aviation Administration failed Friday amid political wrangling over a $16.5 million cut in subsidies to 13 rural communities." - Fox News

"The man charged with the attacks in Oslo that killed at least 92 people left behind a detailed manifesto calling for a Christian war to defend Europe against the threat of Muslim domination, officials said." - New York Times

Jeff Jacoby: A president with migraines? Ask Thomas Jefferson - Boston Globe

Sunday morning viewing schedule - The Caucus blog on the New York Times



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