IBT: “If President Barack Obama was hoping that his scolding of Republican lawmakers on Wednesday would spur action to the stalled debt talks, the GOP response made clear that the gulf between the two sides is larger than ever.

The latest US business and financial news as well as issues and events Sample

Democrats are demanding tax hikes via closing loop-holes for certain corporations and upper-income Americans, including oil/energy companies and owners of corporate-class jets, as part of the deal to increase the amount the nation can borrow by an Aug. 2 deadline; the Republicans categorically refuse. And the GOP didn’t take too kindly to the president comparing them to his two children, whom he says don’t wait until the last minute to finish their homework.”

[READ “Obama’s Verbal Lashing of Republicans Inflames Debt Talks” at International Business Times]

SYDNEY MORNING HERALD:” “I think members of Congress need to understand, we are going to, you know, start having to cancel things and stay here until we get it done,” [Obama] said, days before the July 4 Independence Day holiday.

“They’re in one week, they’re out one week, and then they’re saying, ‘Obama’s got to step in.'”

….does that mean he’s going to cancel golf?

[READ  “Obama vents at Washington games” at the Syndey Morning Herald]


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