President Obama met with the Republican caucus Tuesday, but there were no signs of progress in the debt limit standoff. Rep. Paul Ryan (R-Wisc.) accused the president of “demagoguery” in talking about Ryan’s deficit reduction plan. POLITICO analyzes some of the debating points between Ryan and Obama.
In a bad sign for the president, the economy showed signs of faltering, with manufacturing and private sector job creation both slowing in May. The Obama auto bailout cost taxpayers about $14 billion.
Mitt Romney announces today, running with a more tightly knit team – made that way by the defections of former aides who don’t think he can win. Rahm Emanuel didn’t rule out running for president in 2016. Obama has lost support among women.
Defense Secretary Gates said China is not trying to compete directly with the United States and that the U.S. doesn’t intend to hold it down.
A plan backed by Attorney General Holder will give crack cocaine offenders a break, narrowing differences between their sentences and those who use powdered cocaine.
The Obama administration backed down from a plan to create large new wilderness areas after strong GOP opposition.
The Education Department is finalizing a regulation to make it more difficult for students at for-profit schools to get aid.
And House Oversight Committee Chairman told Obama consumer czar Elizabeth Warren to “clear a full day” so she can answer all the committee’s questions.