
President Obama admitted Wednesday that he made mistakes in his economic recovery program, including not tackling the housing crisis aggressively enough, during the first Twitter town-hall event at the White House.
So much for 140 characters or less. A president, it seems, gets to respond to a tweet on his own terms.

The rough outline of what might turn into a workable debt ceiling bargain appears to be coming together. House Majority Leader Eric Cantor moved the ball forward on Wednesday by identifying a point of agreement with the White House. "If the president wants to talk loopholes, we'll be glad to talk loopholes," he said, but the changes "should be coupled with offsetting tax cuts somewhere else." The Virginia Republican added that "preferences in the code aren't something that helps economic growth overall." Broader reform that stimulates growth is exactly what we need.

The Justice Department blocked senior ATF leaders from cooperating with Congress in its investigation of the "Fast and Furious" weapons operation, ordering them not to respond to questions and taking full control of replying to briefing and document requests, the agency's top boss told Congressional investigators.
President Obama announced Wednesday he will begin sending condolence letters to next-of-kin of service members who commit suicide in a combat zone, reversing a long-standing policy.
President Barack Obama kicked off his first Twitter town hall with _ what else? _ a tweet.
"Ronald Reagan monument unveiled outside London's U.S. embassy. New statue promptly takes 15-point lead in GOP presidential poll."

House Republicans are bucking demands from the Obama White House to include renewal of a U.S. job-training assistance program in long-pending legislation providing free-trade agreements with South Korea, Colombia and Panama.

President Obama, not known for brevity, won't be playing by Twitter's 140-character rule when he answers questions posed on the social-media website Wednesday in a town-hall format.