TPM News

Jon Stewart opened The Daily Show on Monday night skeptical that S&P's downgrade of the United States' credit rating is that big of a deal.

"The ratings agency is Standard & Poor's," he said. "Who's going to listen to a company whose name translates to average and below average? This is a big nothing burger."

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In August 2001, Governor Rick Perry stopped by Edinburg, Texas, to deliver a speech before a gathering of Mexican and United States officials on issue related to the border. Emphasizing the cultural and economic connections between the two nations, Perry called for new investment in infrastructure and an easing of restrictions on border traffic to further deepen ties. He also took a moment to tout a groundbreaking new law that allowed children of illegal immigrants to receive in-state tuition at Texas universities.

"We must say to every Texas child learning in a Texas classroom, 'we don't care where you come from, but where you are going, and we are going to do everything we can to help you get there.'" he said. "And that vision must include the children of undocumented workers. That's why Texas took the national lead in allowing such deserving young minds to attend a Texas college at a resident rate. Those young minds are a part of a new generation of leaders, the doors of higher education must be open to them. The message is simple: educacion es el futuro, y si se puede."

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Sometimes -- well, a lot of times -- cable news networks have to fill air time. Like when they have to wait for President Obama to make a statement. And especially when those remarks are pushed back 30 minutes.

Enter Donald Trump, cable news' recent favorite financial analyst. While America waited for Obama to speak on Monday, as stock markets were cratering, Trump -- who, for a successful business mogul, seems to have a remarkable amount of free time to do interviews -- weighed in on everything from the United States' debt deal (which he says shows a lack of leadership), the president (whom Trump said earlier he is still no fan of) and China (America's "enemy").

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Rep. Joe Walsh (R-IL), a Tea-Party darling who has made a name for himself on the talk show circuit lecturing Democrats to get the nation's finances in order, has been under fire in recent weeks over charges that he's a deadbeat dad, owing more than $100,000 in child support.

Last Thursday, Walsh told constituents at a townhall that he plans to "privately and legally" fight his ex-wife's claims that he owes more than $100,000 in child support, which he called "wildly inaccurate." A recent Chicago Sun-Times article reported that his ex-wife is suing him for $117,000 in unpaid support.

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By John Voelcker

Sometimes news comes out of adding up little pieces of information.

Doing that with a few items from the past week, we're beginning to wonder if General Motors might launch an all-electric car in the U.S. in the next couple of years.

Based on recent spy photos from renowned photographer Brenda Priddy, we think there's a chance it could be an all-electric version of the upcoming 2013 Chevrolet Spark minicar.

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General Electric, at one time as much of a brand name for the practice of outsourcing as it was for being a big U.S. conglomerate, is hiring people for information technology positions in the U.S, and cutting back on outsourcing, reports Bloomberg.

CEO Jeff Immelt said that GE will add more than 15,000 jobs in the next three years, and more than a thousand of them will be outside of Detroit. GE has already hired about 660 people in Michigan, according to Bloomberg.

Charlene Begley, GE's chief information technology officer, told Bloomberg that about half of the company's IT work was outsourced at one point, but said that the company lost a lot of its technical capabilites.

Both GE and General Motors are part of a larger trend of companies hiring people back in the United States and the United Kingdom.

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Will S&P's controversial decision to downgrade the country's bond rating -- and its explicit citation of GOP intransigence on tax revenue -- be enough to break the Republicans' broad opposition to tax increases in future deficit reduction legislation? Not if House Majority Leader Eric Cantor (R-VA) can help it.

In a Monday memo to the House GOP caucus, he candidly acknowledged that S&P faulted the party's unyielding stance on tax revenues for the downgrade. But he encourages members not to erase this bright line.

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In a line of attack usually reserved for scandalized politicians, Democratic officials are targeting Republican lawmakers for accepting donations from Rep. Paul Ryan (R-WI).

The DCCC are sending out press releases highlighting donations from Ryan's Prosperity PAC to 17 incumbent Republicans who voted for the House Republican budget. The releases include statements going after members for taking a "thank you check."

Democrats have made Ryan's budget, which includes a plan to replace Medicare with a private voucher system, central to their national message in recent months. But the latest effort reflects a broader attempt to turn Ryan himself into a political villain -- the DCCC releases include a poll from June showing him among the least popular Republicans in the country, ahead of only Sarah Palin and Newt Gingrich.

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