Daily Political Wire

George Wenschhof

Sunday Morning "Taking Heads" highlights - in case you missed them, Candy Crowley of CNN has a short video below.



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Bachmann Kicks-Off Announcement Tour - Today, she is in Waterloo, Iowa. Then, she travels to cities in New Hampshire and South Carolina. They happen to be the first three primary states. The Minnesota Republican Representative is starting off strong, coming off finishing a close second to Mitt Romney in the Des Moines Register poll.

While, she is the tea party favorite and the Sarah Palin alternative, there is no "there", there with Bachmann and it is painfully obvious.

Speaking of Palin, she will be in Iowa on Tuesday for the debut of her new movie. Just a coincidence, she follows Bachmann. Interestingly, Palin did the same to Romney when he announced in New Hampshire, when she arrived in her "First in the Nation" tour.

Mama Grizzly is letting it be known, she is still the one to be reckoned with, which only further complicates Republican presidential hopes.

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Arrest Warrant Issued For Gaddafi - the International Criminal Court issued an arrest warrant for the Libyan leader as rebels advanced to within fifty miles of the capitol of Tripoli. The three and one-half month NATO led effort to oust Gaddafi appears to be gaining ground as Libyan diplomats are reportedly in talks with foreign leaders. Reuters.com has more here.

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Real Estate Market To Suffer as Government Reduces Mortgage Guarantee Amount - to 625,500 from 729,750. This will push prices lower in the more expensive residential areas and slow sales. One more drag on a sluggish nationwide economy. The Washington Post has more here.

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Consumer Spending Lowest in Twenty Months - more bad new for the economy and another reason for Congress to reach agreement on raising the nation's debt ceiling. Spending dropped 0.1% in May, when a slight gain was expected. Politico.com has more here.

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Obama Enters Budget Talks - after Representative Eric Cantor (R-Va.) walked out of the budget talks last week which had been led by vice president Joe Biden. The president will meet with Senate Leaders today as negotiations continue on a long term debt reduction package coupled with a raise in the nation's debt ceiling. You can read more here.

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