Newly-installed White House chief of staff William Daley sat down with reporters in Washington this morning to review matters large and small. Highlights from the National Journal’s Charlie Cook:
1. Mr. Daley described the situation in Egypt as “chaotic” and said that “a lot is out of control.” But he cited close relations between the Pentagon and the Egyptian military as a stabilizing influence. He admitted that events were in the saddle and that there was not much the US could do to influence the eventual outcome. Borrowing a phrase that was chanted at his father during the 1968 Democratic National Convention, Daley reminded President Mubarak that “the whole world is watching” events in Egypt.
2. He said that he hoped that funding of ongoing government operations could be separated from the vote on raising the debt ceiling.
3. He said that no enterprise can “cut” its way out of trouble, but that “painful” cuts were coming as the Obama Administration addressed the deficit.
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