Debt Talks End Abruptly

July 13, 2011

Debt Talks End Abruptly

House Majority Leader Eric Cantor (R-VA) said that President Obama "abruptly" and "angrily" walked out of debt ceiling negotiations and suggested all progress in the debt talks had been erased.

Chuck Todd describes what's causing the impasse: "Neither the president nor the House Republican leadership is truly ready to put agreement down on paper. For the president, the hesitancy is about giving a promise of real entitlement reform. For Republicans it's reistance to make a pledge that part of tax reform could mean the expiration of the Bush tax cuts on the wealthiest Americans (the Republicans)."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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-- Arianna Huffington, founder of The Huffington Post

"Political Wire is one of the absolute must-read sites in the blogosphere."

-- Glenn Reynolds, founder of Instapundit

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-- Craig Newmark, founder of Craigslist.

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July 13, 2011