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Best of the Blogs, Politics: Another Debt Ceiling Debate Is on the Horizon


Plus, the Obamas have up to $1 million in a JPMorgan Chase checking account.

This column highlights the most interesting and useful election season and financial commentary on politics from around the Web every Wednesday.

CNN Politics: PoliticalTicker
Link: Fiscal Cliff: What you need to know

"On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met.

"Sound familiar? The GOP took the same tact last year, leading eventually to an epic Washington fight that led to a first-ever US credit downgrade and a major disruption in global markets."

The Washington Post: Election 2012 Blog
Link: Obamas' 2011 assets valued at as much as $8 million; includes up to $1 million in JPMorgan Chase account

"President Obama's 2011 assets include anywhere from $500,000 to $1 million held in a JPMorgan Chase (JPM) checking account, according to annual financial disclosure forms released by the White House on Tuesday."
Link: Do 'Most Americans' Agree with Romney on Gay Marriage?

"The Republican party chairman claims 'most Americans' agree with Mitt Romney 'that marriage ought to be defined between one man and one woman.' Americans are closely divided on the issue. Various polls show either a slight plurality or majority of Americans support same-sex marriages, although sometimes within the margin of error."

MSNBC: First Read
Link: Walker opens up lead over Barret in Wisconsin recall

"Wisconsin Gov. Scott Walker has opened up a 6-point lead over Democratic challenger Tom Barrett ahead of a closely-watched June 5 recall election.

"Fifty percent of Wisconsin's likely voters said in a Marquette Law School Poll that they would support retaining Walker versus 44 percent of likely voters who said they would instead elect Barrett, Walker's challenger in the 2010 general election who will again face Walker after having won last week's Democratic primary."
Link: Ron Paul's Unorthodox Fundraising

"The top five organizations contributing to Paul's campaign (meaning their employees contributed and/or their PACs did) were the U.S. Army, the U.S. Air Force, the US Navy, Google (GOOG) and the Department of Defense. Paul always had strong support from members of the military, largely because of his anti-war stance, and even though Obama picked up some momentum recently with that demographic, Paul continued to be hands-down the top choice among Republican candidates."

Politico: Burns & Haberman
Link: Obama, DNC raise $43.6 million in April

"President Obama raised $43.6 million for his reelection bid between his campaign and the Democratic National Committee, campaign manager Jim Messina announced in a video this morning."

Twitter: @ChrisWitrak
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