Debt ceiling showdown heated up as Eric Cantor tried to push through a stop gap deal without tax increases. President Obama shut him down declaring that it may put his presidency in jeopardy but he wasn’t going to budge on the issue. Harry Reid called Cantor childish and sent him to the kids table. Both Moody’s and S & P have declared that they may down grade America’s credit rating. The President is understandably ready for this to be done. Expect to hear some tough talk from the President’s speech later today.
Not that it’s hurting the President. His campaign took in three times the amount of money than all of the Republicans combined (though Bachmann hasn’t reported yet).
A Quinnipiac poll recently showed that a plurality of Americans (48%) believe the debt ceiling stand-off is of the Republicans making.
Rupert Murdoch’s media empire has come under fire for the questionable practices of the reporters at the former British Tabloid News of the World. The stock price of News Corp dropped several billion dollars and the bid to acquire BSkyB TV fell through. International editor Rebekah Brooks resigned amidst investigations into impropriety of News Corp’s business practices.
Free Forum Fridays are an open discussion where commenters are invited to bring up topics that may not have been covered in the previous week. Got something on your mind? Throw your opinion out there.