Obama begins his deficit reduction tour today, flying out for events in California and Nevada to tell everyone he’s doing something about it and that the plan proposed by Rep. Paul Ryan (R-Wisc.) would lead to ruin. Despite the S & P thumbs down on the U.S. credit outlook, Obama and Treasury Secretary Geithner are offering optimism on the budget. Obama officials tried to keep S & P from lowering its credit outlook on the U.S., but S & P ignored the request.
The trip has a major political element, as Obama will be courting money and volunteers, the Los Angeles Times reports. One of the “town hall” type meetings Obama has planned is at Facebook headquarters, but there are both benefits and risks to the growing collaboration between the White House and the social networking site. The White House is mulling limits on anonymous campaign contributions, writes POLITICO.
Libyan rebels will now account for $25 million of the U.S. debt, according to the Washington Times.
In a blow to transparency, Obama administration agencies are failing to fill inspector general slots, a Daily Caller investigation finds. On the one-year anniversary of the Gulf oil spill, Obama’s drilling policies are having an effect, with 375,000 barrels of oil lost a day, the Wall Street Journal reports. Obama blames speculators for the rise in oil prices.
Donald Trump’s candidacy appears to be gaining ground.
And the first lady’s plance aborted its landing at Andrews Air Force Base because it was too close to a military cargo jet.