The House is expected to vote today on Speaker John Boehner's debt ceiling plan. It comes after Boehner released an amended version of the bill, which was originally questioned by the congressional budget office. But now the CBO says the revised proposal will cut deficits by $917 billion over ten years. It's $66 billion than the original. The new bill is expected to save $22 billion in 2012 alone. The CBO also reviewed Harry Reid's proposal, saying it would result in greater deficit reduction than Boehner's competing plan. The main difference is the Reid plan would extend the d read more
The Americans for Tax Reform's Grover Norquist, and the Comeback America Initiative's David Walker join Morning Joe to discuss the debt debate. Due to his Taxpayer Protection Pledge, Norquist has taken center stage in the debt talks.
Here's a look at stories we're following right now. What are you reading this morning?Boehner puts the pressure on the GOPThe House GOP votes todayWalter Reed to close after more than a centuryDemocrats urge the president to use the ConstitutionMarkets swoon on debt fearCBO: Boehner plan cuts $915B from deficitA riot breaks out in Hollywood over a rave movie. read more
Father-daughter writing duo Marvin and Deborah Kalb wrote the book "Haunting Legacy: Vietnam and the American Presidency From Ford to Obama." Here is an excerpt from the book. In time, depressing realities crowded into the Oval Office, perhaps none more depressing than the fact, now officially embroidered into NATO strategy, that the United States would be “on the offense,” engaged in combat operations in Afghanistan, through at least 2014. And the United States would be “on the offense” when the American people, according to a Pew poll, were rapidly losing confidence in the war. read more
Here are today's must read opinion and editorial columns.NOT O.K. AT THE O.K. CORRAL BY MAUREEN DOWNNEW YORK TIMESThe White House feels that its foes not only want to stomp on any reasonable compromise; they want to make sure that Obama never has the presidency he dreamed of... Obama, after all, is a new entity. He’s not really a Democratic president. Or a Republican one. read more