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  • Obama To Address Nation At 11:00 AM, Announcing Lack Of Agreement On Debt Ceiling...

    07/10/2011 6:09:09 PM PDT · by The Magical Mischief Tour · 430 replies
    Zero Hedge ^ | 07/10/2011 | Tyler Durden
    After meeting for exactly 90 minutes, the president and members of congress achieved absolutely nothing except for what ZH readers already knew: that a debt deal has to be reached by July 22 or else. "President Barack Obama said Sunday that "we need to" work out a debt deal within the next 10 days as he convened a meeting with congressional leaders, aiming to fashion a deficit reduction package for the next 10 years. As the meeting opened, Obama and the leaders sat around the table in Sunday casual dress. Asked whether the White House and Congress could "work it...
  • Live Thread: Obama Press Conference on Debt Ceiling 11 A.M. EDT 7/11/11 (He's late, as usual)

    07/11/2011 8:27:33 AM PDT · by kristinn · 233 replies · 1+ views
    Monday, July 11, 2011 | Kristinn
    Will any reporter have the nerve to ask Obama why he is always late compared to President Bush who was always on time?
  • Obama: Time to "eat our peas" and pass debt deal (Obama demonstrates his full range of stupidity)

    07/11/2011 9:22:05 AM PDT · by tobyhill · 47 replies
    cbs ^ | 7/11/2011 | Stephanie Condon
    President Obama is still seeking the largest deficit reduction deal possible as part of a package deal to raise the debt ceiling, he said in a press conference today. "I continue to push congressional leaders for the largest possible deal," he said from the White House. "It is possible for us to construct a package that would be balanced, share sacrifice [and] would involve both parties taking on their sacred cows." Mr. Obama would not even entertain the notion of failing to get a deal done before the end of the month. "We are going to get this done by...