1. OUCH

    Boehner Rebukes Debt Summit

    House Speaker John Boehner talks to the press following a political strategy session on Capitol Hill in Washington, Tuesday, June 14, 2011.  Boehner says GOP presidential hopeful Michele Bachmann did a "really good job" in Monday's debate. (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite / AP Photo

    President Obama will invite congressional leaders to the White House Thursday to hammer down a debt deal, he announced at a press conference Tuesday. Expressing confidence that a deal would be reached before the U.S. defaults, he cautioned, “I don’t want to fool anybody. We still have to work through some real differences.” Speaker of the House John Boehner wasn't too optimistic, though: Talks "will be fruitless until the president recognizes economic and legislative reality," Boehner said, insisting again that no taxes be raised.

    Read it at The Daily Beast