Recap Of Obama's Debt Ceiling Press Conference

Video - PBS News Hour discussion of today's Presidential presser.

• Read the transcript at PBS

If you want the truth on the debt ceiling read this from Chris Whalen.

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WASHINGTON, June 29 (Reuters) - U.S. President Barack Obama called on Wednesday for new steps to spur job growth and tax hikes on the rich, hardening a stance that will likely complicate deficit reduction talks with Republicans.

The U.S. Senate will change its schedule to stay in session next week despite the July 4th holiday after the president challenged lawmakers to remain in town to deliver "substantial progress" on lifting the debt ceiling, one lawmaker said.

Obama's call came as the International Monetary Fund and the Treasury Department urged Washington to reach a budget deal that would pave the way for Congress to raise the United States' $14.3 trillion borrowing limit by Aug. 2.

http://www.reuters.com/article/2011/06/29/usa-debt-idUSN1E75S0UN20110629

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Boehner's Position Unchanged On Taxes After Obama Press Conference

http://www.businessinsider.com/boehner-reacts-2011-6#ixzz1Qj0DMCPX

Comments

[DailyBail]

Boehner's Position Unchanged On Taxes After Obama Press Conference

http://www.businessinsider.com/boehner-reacts-2011-6#ixzz1Qj0DMCPX

Statement from Boehner

[DailyBail]

john...you'll like this one...

http://blogs.the-american-interest.com/wrm/2011/06/27/the-failure-of-al-gore-part-deux/

[DailyBail]

Here's Why The US Is An Even Bigger Kleptocracy Than Greece

http://www.oftwominds.com/blogjune11/US-kleptocracy6-11.html

[DailyBail]

This is pretty funny from james altucher...he's a stock market bull at all times, which is not helpful, but this story and most of his stories are pretty hilarious...

http://www.jamesaltucher.com/2011/06/how-i-met-claudia/

[DailyBail]

Bear Traps in the Bond Market

http://dailyreckoning.com/bear-traps-in-the-bond-market

[DailyBail]

WASHINGTON, June 29 (Reuters) - U.S. President Barack Obama called on Wednesday for new steps to spur job growth and tax hikes on the rich, hardening a stance that will likely complicate deficit reduction talks with Republicans.

The U.S. Senate will change its schedule to stay in session next week despite the July 4th holiday after the president challenged lawmakers to remain in town to deliver "substantial progress" on lifting the debt ceiling, one lawmaker said.

Obama's call came as the International Monetary Fund and the Treasury Department urged Washington to reach a budget deal that would pave the way for Congress to raise the United States' $14.3 trillion borrowing limit by Aug. 2.

http://www.reuters.com/article/2011/06/29/usa-debt-idUSN1E75S0UN20110629

[TR]

With the crew in Washington fighting over the Debt Ceiling, "ANYTHING THAT CAN GO WRONG WILL GO WRONG".