Obama (per DeLong): "Of course, one of the most important and urgent things we can do for the economy is something that both parties are working on right now, and that's reducing our nation's deficit..."
DeLong: "Absolutely the last thing, the last thing, the country needs is to cut federal spending or raise taxes in fiscal 2011, 2012, and it is now looking like fiscal 2013 as well."
Politico: Boehner associate: "At the end of the day, [Obama] will have to give in." Asked another senior GOP lawmaker: “Who has egg on their face if there is a sovereign debt crisis, House Republicans or the president?”
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