Political leaders plan another day of deficit-reduction talks
Washington (CNN) - A day after a 75-minute session, talks will resume Monday to try to reach a deficit-reduction deal and pave the way for a hike in the nation's $14.3 trillion debt ceiling, a White House spokesman said Sunday.
White House communications director Dan Pfeiffer said on his Twitter account on Sunday night that congressional leaders will return to the White House for further negotiations on Monday. At 11 a.m. that same morning, President Barack Obama will hold a press conference in the White House briefing room, according to his official schedule.
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2012ers hit the road
(CNN) - 2012 Republican presidential candidates are traveling this week, mostly in early presidential-contest states. Here's a look at where they're headed:
MONDAY:
- Rep. Michele Bachmann of Minnesota: Indianola, Iowa: Tours a plant and speaks to workers
- Former Godfather's Pizza CEO Herman Cain: Urbandale and Davenport, Iowa: Opens his state campaign headquarters, makes a speech
- Former House Speaker Newt Gingrich: Pella and Iowa City, Iowa: Does interviews and appears at Family Leader Lecture Series
- Former Utah Gov. Jon Huntsman: Greer, South Carolina: Appears at an evening barbecue
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Pawlenty punts on homosexuality
(CNN) – Republican presidential candidate Tim Pawlenty said Sunday he remained uncertain over whether homosexuality is biological or a choice.
“As I understand the science, there’s no current conclusion that it’s genetic,” Pawlenty said Sunday on NBC’s “Meet the Press.”
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Sound of Sunday
"State of the Union" highlights:
Rep. Kevin McCarthy (R-Majority Whip) on CNN’s State of the Union:
“Boehner has been very clear that there are no votes for a tax increase. And you look at the jobs data, it was only 18,000 jobs, Canada has fewer people than live in California, created more jobs than America. You would not increase taxes on the small business, which is what the president wants to do. All that Boehner said was, you've had a negotiation with Cantor, with Kyl, with Biden. They've gotten $2.4 trillion in cuts. So what he's saying is, let's go there, there's no taxes, there are cuts right there, but why don't you also get a balanced budget?”
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Pawlenty hits Bachmann over ‘non-existent’ record
(CNN) - Republican presidential candidate Tim Pawlenty went after fellow Minnesotan and White House hopeful Michele Bachmann over what he called her “non-existent” Congressional record Sunday.
In his sharpest comments to date, Pawlenty said his history as governor of Minnesota makes him more qualified than the congresswoman to be president.
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Geithner: GOP using 'political theater'
(CNN) - Treasury Secretary Timothy Geithner said Sunday that those who oppose raising the U.S. debt ceiling under any circumstance are just playing politics.
"It's a political moment, people are trying to get attention, they say really amazing things," Geithner told the CBS program "Face the Nation." "But there's no credible argument, no responsible leader would say the United States of America, for the first time in its history, should not pay its bills or meet its obligations."
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Aisle divides over Biden-led talks
(CNN) - Democrats and Republicans disagreed Sunday over the takeaway from deficit reduction negotiations led by Vice President Joe Biden that broke down when House Majority Leader Eric Cantor left the table.
Republican House Whip Kevin McCarthy of California said Sunday that $2.4 trillion in cuts were agreed on during the negotiations, but Rep. Chris Van Hollen, who participated in the talks, said Republicans are "dreaming" if they think the two sides reached that conclusion.
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Obama's 'in denial,' Santorum says
Washington (CNN) - Republican presidential candidate Rick Santorum condemned President Obama's handling of the debt limit negotiations, saying he is not telling the country the "truth about the problem."
Santorum said the United States has a spending problem, not a tax problem, and that if the president made the right case to the American people he "could get Democrats to go along with bigger spending cuts than they are now."
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IMF director: U.S. default would be ‘real nasty’
(CNN) - A U.S. default on its debt obligations would have "real nasty consequences" for the United States and the global economy, the new director of the International Monetary Fund said in an interview broadcast Sunday.
"It would jeopardize the stability at large," Christine Lagarde, who last week became the first woman to head the global financial institution, told the ABC program "This Week."
Lagarde said the IMF was concerned over the political stalemate in the United States that could prevent agreement on raising the federal debt ceiling, but hoped to see a compromise emerge.
Santorum: My campaign is the ‘little engine that could’
Washington (CNN) - Despite his low poll numbers, Republican presidential candidate Rick Santorum said he is committed to competing in the Iowa caucuses in February and will have enough money to execute his plan for the high stakes Ames straw poll.
“I’m running a different campaign … I always say the little engine that could campaign,” Santorum said Sunday on CNN’s “State of the Union.” “I’m running a conservative campaign, very low budget.”
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