Obama takes charge as debt limit talks intensify
President Obama directly engages both Republicans and Democrats to break a deadlock over the 4.3 trillion borrowing cap due to hit Aug 2. Biden, Reid, McConnell and Boehner to meet in ensuing days as White House pitches about 600 billion in new tax revenue and ending oil subsidies.
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House Rebukes President Over Libya Policy Amid Vote Clash
A rebuke to the president over Libyan policy sparked division as Republicans argued the executive acted without congressional consent. The battle centered on a stalled authorization measure and the party’s demand for a formal debate within constitutional limits. The rejection highlighted broader tensions about oversight and national security strategy.
Economy grows modestly as orders rise in first quarter
An Associated Press survey shows economists expect 2.3 percent growth for April to June after a 19 per cent annualized rate in January to March. High gas prices and Japan earthquake disruptions weighed on U S manufacturing, while gas prices eased from May peaks.
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