The overnight news of Dominique Strauss-Kahn’s resignation sets up a global battle over who will succeed him in the IMF’s glass-and-steel headquarters in Washington. But, of course, that’s not the only fight in town.
Tales from the Trail
A persistent theme of President Barack Obama’s nascent re-election bid has been an expectation that the Democratic incumbent – who amassed a $750 million war chest when he won the White House in 2008 — will break his record this time and become the first candidate to raise $1 billion in campaign funds for 2012.
CORRECTS POLL NUMBER ON OBAMA’S HANDLING OF ECONOMY
The United States is due to hit its $14.3 trillion debt limit today, and tensions are understandably on the increase with Republicans and Democrats wide apart on the budget deal the GOP wants in exchange for increasing the ceiling.
The White House is standing by its rapper.
Lonnie Rashid Lynn Jr., who raps under the name Common, will appear Wednesday night as scheduled at a celebration of American poetry and prose at the White House, despite criticism from Sarah Palin and other conservative political figures about some of his lines, including a song praising a man convicted for killing a police officer and this 2007 rhyme about former Republican President George W. Bush: “Burn a Bush ’cause for peace he no push no button/Killing over oil and grease/no weapons of destruction.”
President Barack Obama comes out ahead against the field of potential Republican hopefuls for the 2012 presidential election, with more than a 10-point lead over the closest of the pack — Mike Huckabee and Mitt Romney, according to a Reuters/Ipsos poll.