Moody’s said the threat of breaching the debt ceiling could cause it to review the United States’ AAA rating, possibly raising borrowing costs for Treasury. House Speaker John Boehner pressured President Obama on the debt, saying it’s time for him to “get serious.”
Sarah Palin dismissed Treasury Secretary Geithner’s warnings on the debt limit and called for a quicker drawdown from Afghanistan. Obama and House Democrats met to reaffirm their opposition to the GOP budget.
Boehner sought to save Obama on Libya by offering an alternative to a bill disapproving of the operation.
Mitt Romney announced his presidential run, saying Obama “has failed America.” Romney’s Mormon faith could still be a hurdle. Former vice presidential candidate John Edwards is likely to be charged with campaign finance violations today.
White House Counsel Bob Bauer resigned, but he’ll work as Obama’s personal lawyer and as an attorney for the campaign.
White House officials were targeted by Chinese gmail hackers who likely were hoping the Obama aides were conducting official business on private accounts.
And a Chinese toy company has made a replica of the stealth chopper used in the Bin Laden raid.