FROM Elizabeth Drew
Debt Showdown: Playing Politics with the US Economy E-mail and phone lines are jammed on Capitol Hill, and there's a nasty Twitter campaign against all of Washington. But despite the impending deadline, Democrats and Republicans are still far apart on the debt ceiling. House Republicans and Senate Democrats are each working on plans unacceptable to the other, and President Obama is still talking about compromising on a Big Deal, including new revenue. He says the "hard deadline" is next Tuesday, August 2 when the government will run out of borrowing authority. But it's now reported that there will still be enough money to pay the bills until August 10. One of our gests calls it "The Politics of Calamity."
Deadlock on Capitol Hill The US is advancing toward the once-unthinkable prospect of default by next Tuesday, August 2, unless it turns out to be August 10 instead. While President Obama talks about "compromising" on a Big Deal, including new revenue, he's threatened to veto the Republicans' plan and Republicans won't vote for a Democratic alternative. Sarah Palin is the latest Republican to accuse the President of "fear mongering," but the head of the IMF says US default would be "very, very, very serious." In the midst of all the uncertainty, are both parties playing with economic disaster? Is it really all about next year's elections?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?