THE MORNING LOOP: 07.14.11

President Obama walks out x Lupe Fiasco quits x Rupert Murdoch investigated x 50 Cent mouths off

"I have reached the point where I say enough," President Barack Obama said right before he walked out of a heated meeting in Washington yesterday afternoon concerning the debt ceiling. "Would Ronald Reagan be sitting here? I've reached my limit. This may bring my presidency down, but I will not yield on this." Uh, oh.

Have you ever had that nightmare where a stranger starts reading your text messages? It's a scary thought. Well one brave woman doesn't seem to mind. Artist Tracey Moberly published 12 years of text messages for a psuedo-autobiography titled "Text-Me-Up!" Starting in 1999, Moberly arranged her texts in chronological order, taking us through her divorce and pitfalls as a single parent.

@LupeFiasco is giving up Twitter and said goodbye to his 722,000 followers last night. So, in 140 characters or less we say, "Farewell!"

U.S. lawmakers are preparing to launch their own investigation into Rupert Murdoch's News Corps, after accusations that journalists may have hacked into victim's phones post-9/11. This comes on the heels of a tabloid report that News of the World, a 168-year-old British paper owned by Murdoch, was accused of hacking into voicemails of politicians, celebrities and victims. This is not looking good!