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Former Gov. Pataki: I hope GOP holds tough on taxes

07/08/11 10:37AM

Former Gov. George Pataki, R-N.Y: "I think there has to be a deal. I just hope the Republicans hold tough on taxes; because the problem is not that we need to raise taxes on those who are trying to create jobs. We need to undo the massive spending binge that we've seen in the last two-and-a-half years. I think the president needs a deal; he can't have a government shut down. He can’t have the country threatening default, so Republicans should stick to their guns. I think we can get a lot of entitlement reform, spending reductions and take a major step forward." read more

Must Read Op-Eds for July 8, 2011

07/08/11 09:26AM

Here are today's must read editorial and opinion columns.NEGOTIATING ON A KNIFE'S EDGE  EDITORIALNEW YORK TIMESMr. Obama might want to consider the advice of several constitutional scholars who say Congress may not be able to put the government in default by refusing to raise the debt limit because the 14th Amendment says the public debt cannot be questioned... Such a declaration by the president would probably lead to litigation or even attempts at impeachment... read more

President Barack Obama sends a tweet as Twitter co-founder and Executive Chairman Jack Dorsey stands at right, during a "Twitter Town Hall" in the East Room of the White House in Washington, Wednesday, July 6, 2011.

Top Talkers: Deal or No Deal?

07/07/11 09:39AM

This morning, President Obama is expected to meet with House and Senate leaders at the White House to try to hash out a deal on raising the debt ceiling. The meeting comes as today's Washington Post reports that the President is considering major changes in social security and Medicare as part of the deal in exchange for  Republican support for fresh tax revenue. The Post says the President's plan would cut more than $4 trillion dollars over the next ten years. This is up from the original plan of $2 trillion in savings. read more

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