HEADLINES
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As House Republican leaders work to rescue their debt-limit bill, President Obama says the plan has "no chance of becoming law."
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Obama said that political leaders could still find a way "out of this mess. But we are almost out of time."
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The stunning events that played out Thursday night, as House Speaker John Boehner was forced to pull from the floor and rework the debt ceiling legislation he had put up for a vote, was both a failure of leadership and a failure by those who wouldn't follow. But it was perhaps inevitable.
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Why the entire South Carolina delegation has said no, so far, to their speaker's debt plan.
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A coalition of Democratic-aligned outside groups seeking to influence races up and down the ballot in 2012 brought in a combined $10 million in the first six months of the year, according to those familiar with the fundraising totals
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BEHIND THE GOVERNMENT SHOWDOWN
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QUOTE OF THE DAY
Comedian Stephen Colbert comparing the tea party to the wizard Gandalf in "The Lord of the Rings.":
"You shall not pass -- legislation raising the debt ceiling!"
COMMENT OF THE DAY
FulhamDC, on Lori Montgomery, Paul Kane and William Branigin's "House GOP moves toward vote on recrafted debt bill" story:
In Spike Lee's great film, "Do The Right Thing" we see how tensions can escalate, and exacerbate, when the temperature climbs, boiling over when it reaches 100 degrees. I wonder if Boehner, Reid and Obama know it just hit 102?
Q&A DISCUSSIONS
Washington Post columnist Dana Milbank was online at noon ET to discuss John Boehner's downfall:
Q: What is your best guess as to where we will be with the debt ceiling situation one week from now?
Dana Milbank:
I continue to be highly optimistic. It is my firm believe that Washington will do the right thing once all other possibilities have been exhausted. We have at this point exhausted pretty much all other possibilities. Also there is no chance of a deal before the last minute, because that will only fuel criticism that one side (or both) caved.
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MULTIMEDIA
Video: Obama worried about debt and Malia's driving
President Obama joked about his daughter soon earning her driver's permit, during a speech Friday, where President Obama announced a proposal to improve fuel standards for 2017-2025 model year vehicles.
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