House Speaker John Boehner responded to criticism voiced by President Obama about walking out of the debt talks. Though, Boehner remains confident a deal can be reached between lawmakers to avoid a default on government loans.Boehner accused Obama of "moving the goal posts" by demanding $400 billion in tax increases on top of about $800 billion in revenues in a last-minute push for a big deal. read more
Just a short time ago, President Obama addressed the current state of debt talks, announcing that House Speaker John Boehner officially pulled out of negotiations.Obama said he expects congressional leaders to explain to him how they intend to avoid the default on the nation's debt."This was an extraordinary fair deal," said the president. "If it was unbalanced, it was unbalanced in the direction of not enough revenue."You can watch the whole statement here. Tonight, Lawrence will be anchoring msnbc's special two-hour live coverage on the latest collapse in the debt talks. read more
At the stroke of midnight, The Federal Aviation Administration will go into partial shutdown mode.You can thank Congress. The House and Senate couldn’t reach an agreement on how to fund the FAA’s operating authority, even temporarily. So just they went home for the weekend.Air traffic controllers and safety inspectors will still be on duty, so people can still fly.
The FAA says 4,000 workers will be furloughed and airlines will stop collecting Federal taxes on tickets. Airport construction projects backed by Federal funds will be put on hold. read more
President Obama extended his condolences to the people of Norway today after two deadly terror attacks."It's a reminder that the entire international community has a stake in preventing this kind of terror from occurring," said Obama.At 3:30pm local time, a bomb ripped through government buildings in Oslo, including Prime Minister Jens Stoltenberg’s office. On the nearby island of Utoya, a gunman dressed as a police officer opened fire at a Labor Party youth camp tied to the ruling party. read more
We're monitoring the breaking news out of Norway this hour, in addition to the debt negotiations. Norway reels after bomb blast, youth camp attackSenate rejects 'Cut, Cap, Balance' planObama stresses need for more tax revenueWall St. makes fallback plans for debt crisisSen. Harry Reid calls House 'untoward' for taking weekend offMore states requiring ID to vote read more
Rumors swept the Capitol today that President Obama and Speaker Boehner were close to an agreement on a deal, which spread waves of panic through both sides of the aisle. Lawrence has details. read more