First, Michigan approved a sweeping financial statute declaring financial martial law over the state. Now there are reports circulating that Wisconsin might follow suit.Governor Scott Walker denied claims he plans to push for a financial martial law in Wisconsin. The controversial Republican called these reports “absolutely false” on a Milwaukee-based radio show this morning."The interesting part is that it's false in both contexts," said Walker. "One: There's nobody on my staff, nobody in my administration, I'm certainly not working anything even remotely close to that. read more
The White House is downplaying today’s S&P announcement, which downgraded its outlook on the U.S. government debt. White House spokesman Jay Carney said Standard & Poor's action was a welcome call for a bipartisan agreement to reduce the deficit.Standard & Poor’s slapped an official “negative” sticker on the long-term AAA credit rating after the on-going budget fiasco on Capitol Hill and the growing mountain of debt. It used to be listed as "stable.""We believe there is a material risk that U.S. read more
Here's a look at stories we're following right now. What headlines are you clicking on?S&P goes negative on U.S. outlook for first time.House Majority Leader Eric Cantor: S&P rating hit a "wake up call" for debt ceiling vote.Debt ceiling increase expected, according to Treasury Secretary Timothy Geithner.Sarah Palin's new website sparks White House buzz.Sen. Chuck Schumer and Karl Rove spar on New York City street.Rep. Jesse Jackson Jr. blames iPad for American unemployment.President Obama his road to sell debt reduction plan ahead of budget battles. read more
The HeadlinesMedicare and the 2012 budget: the politicsMedicare and the 2012 budget: the analysisPres. Obama's open mic nightEscalation in LibyaArizona's birther bill2011 budget vote passes: the politics2011 budget vote passes: the analysisCan the White House and Capitol Hill come together on debt reduction?The politics of 2012 with Bob WoodwardPres. Obama introduces his debt reduction planCongressional reaction to Pres. Obama's planDetails on the 2011 fiscal year spending cuts passed by CongressHoward Dean calls the Paul Ryan budget plan "lunacy"Romney vs. read more
In last night’s Rewrite, Lawrence shared the story of Rick Santorum, borrowing from the great Harlem Renaissance poet, Langston Hughes.Pennsylvania's former Senator lifted from the poem "Let America be America Again." His new campaign slogan? "Fighting to make America America Again."
Think Progress just caught up with Santorum, and he said he had "nothing to do with that.” He continued, “I didn’t know that. The folks who worked on that slogan for me didn’t inform me that that’s where it came from, if in fact it came from that.” read more
The White House said today President Obama is “not at all” embarrassed by comments he made over an open mic in a meeting with private donors.At a fundraiser in Chicago last night, Obama dished on private conversations he had with GOP leaders surrounding the budget. read more