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9:20 PM ET, September 25, 2008

memeorandum

 Top Items: 
Wall Street Journal:
Agreement Reached on Bailout Ahead of High-Level Meeting  —  Proposal Breaks $700 Billion Into Installments  —  A bipartisan group of House and Senate lawmakers left a two-hour-plus meeting in the U.S. Capitol on Thursday saying they have a “fundamental agreement” on a $700 billion plan to bail out U.S. financial markets.
RELATED:
Jonathan Martin / Jonathan Martin's Blogs:
McCain to do round of network interviews tonight  —  John McCain will appear on all three network newscasts tonight, a top aide said.  —  McCain is at the White House meeting with President Bush, Barack Obama and congressional leaders now and will tape interviews with NBC, ABC and CBS after the West Wing session.
Ryan Grim / The Crypt's Blogs:
Frank: Republicans “winced” when McCain was mentioned in meeting  —  Rep. Barney Frank (D-Mass.) said that “nobody mentioned McCain” during the several-hour-long meeting on the $700 billion market rescue plan, other than Frank and that his Republican colleagues “winced” when he did.
Discussion: Ace of Spades HQ and Swampland
Jackie Kucinich / The Hill:
House GOP: We have leverage on bailout  —  House Republicans say they have significant leverage on the revamped bailout package, claiming that Democrats will scramble for votes unless they make changes to it.  —  Republicans in the lower chamber are balking at the bailout package …
Marc Ambinder:
Bailout Agreement Unraveling?  —  During the White House meeting, it appears that Sen. John McCain had an agenda.  He brought up alternative proposals, surprising and angering Democrats.  He did not, according to someone briefed on the meeting, provide specifics.
Discussion: TalkLeft, The Corner and Salon
Washington Post:
White House Meeting Fails to Yield Bailout Deal  —  Republicans Resist Agreement Met By House, Senate Negotiators  —  Top congressional leaders from both parties, including Democratic presidential candidate Barack Obama and Republican nominee John McCain, met with President Bush …
David M. Herszenhorn / New York Times:
Lawmakers Seem Near Deal on Bailout  —  WASHINGTON — Lawmakers indicated Thursday that they were close to hashing out an agreement on a proposed $700 billion bailout of the financial system, hours before a meeting at the White House to complete the deal.  —  After Congressional staff members …
Scott Mayerowitz / ABCNEWS:
O'Neill: Bush Doesn't Understand Crisis, ‘It Shows’  —  The President's Former Treasury Secretary Speaks Out About $700 Billion Bailout  —  ABC NEWS Business Unit  —  Former Treasury Secretary Paul O'Neill said today that our nation's leaders — especially President Bush — are “in a panic” …
Discussion: Think Progress and Hot Air
David Rogers / The Politico:
Deal would phase in bailout funds  —  The leaders of House and Senate banking committees reached a bipartisan agreement Thursday on the framework for legislation authorizing Treasury's ambitious $700 billion rescue plan for the financial markets.  —  The final language of the bill must still …
Daniel W. Reilly / The Crypt's Blogs:   Frank: 'I honestly don't know what House Republicans are going to do'
Frank James / The Swamp:
Obama picks Stones over Beatles
Marc Ambinder:
What Happened In The Cabinet Room...
Discussion: Hot Air
Jennifer Loven / Associated Press:
Tentative meltdown deal: Bush, McCain, Obama meet
Mark Finkelstein / NewsBusters.org:
Schieffer: Paulson Pleaded for McCain to Save Bailout
Natalie Gewargis / Political Punch:
McCain Campaign Staffer to Attend White House Meeting*
Discussion: The Huffington Post
Marc Ambinder:
Being Close To Russian Entails......  The next installment in Katie Couric's interview with Gov. Sarah Palin.  —  Watch CBS Videos Online  —  COURIC: You've cited Alaska's proximity to Russia as part of your foreign policy experience.  What did you mean by that?
RELATED:
CBS News:
Exclusive: Palin On Foreign Policy
Steve Benen / Washington Monthly:
PALIN'S UNIQUE SPIN ON THE BAILOUT.... When Sarah Palin sat …
Discussion: Balloon Juice and Newshoggers.com
Jason Zengerle / The New Republic:
A Semi-Defense of Sarah Palin
Discussion: Matthew Yglesias
Peter Hamby / CNN:
Palin takes questions from press corps for first time  —  NEW YORK (CNN) — Sarah Palin took questions from her traveling press corps Thursday for the first time since being tapped as John McCain's running mate.  —  Speaking to a small pool of reporters following a visit to Ground Zero in lower Manhattan …
RELATED:
Kenneth P. Vogel / The Politico:   In a first, Palin takes press questions
The Huffington Post:
Obama Will Make Debate A Townhall If McCain Doesn't Show  —  UPDATE: An adviser Barack Obama says he expects John McCain to attend: … Barack Obama is committed to hosting a public, televised event Friday night in Mississippi even if John McCain does not show up, an official close to the Obama campaign tells the Huffington Post.
RELATED:
Bob Cusack / The Hill:   McCain has not sponsored a banking bill this Congress
Jonathan Martin / Jonathan Martin's Blogs:
Nope, nothing campaign-related here  —  McCain met with congressional leaders earlier today and has now returned to his Senate office.  But it's increasingly implausible to think that what he's doing is anything different than he'd be doing on the campaign trail, except he's in person now instead of on his cell phone.
RELATED:
Wall Street Journal:
J.P. Morgan to Take Over Faltering WaMu  —  U.S. Government Helps Broker a Deal to Dispose of Huge Thrift; Banking Giant Expected to Get Deposits, Branches  —  In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal …
Discussion: Firedoglake, Slog, Portfolio and Salon
Melanie Morgan:
Obama Campaign Supporters Meet With Iranian President  —  Digital Media has picked up the story here.  —  A founding member of the campaign of Democratic presidential nominee Sen. Barack Obama of Illinois met in New York City Wednesday night with Iranian President Mahmoud Ahmadinejad.
Discussion: Hot Air
RELATED:
Amanda Carpenter / Townhall.com:
Code Pink Obama Bundler Meets With Ahmadinejad
Discussion: Power Line
Charlotte Bailey / Telegraph:
Hugh Hefner to sack Playboy bunnies amid financial crisis  —  Playboy bunnies have become the latest victim of the credit crunch.  —  Tycoon Hugh Hefner has been advised to cut back on staff at his multi-million dollar glamour empire as it struggles to cope during the global economic turmoil.
Faiz / Think Progress:
Sanders Schools Kudlow: 'You've Become A Socialist — Your Version Of Socialism Is To Bail Out The Rich'  —  Appearing on CNBC's Kudlow and Company on Tuesday night, Sen. Bernie Sanders (I-VT) dismantled host Larry Kudlow's proclaimed support for unfettered free market enterprise.
Discussion: Daily Kos
Associated Press:
McCain campaign slows, but doesn't stop  —  WASHINGTON - Republican presidential nominee John McCain vowed Wednesday to suspend his campaign to focus on the nation's financial crisis, but there were plenty of signs of activity Thursday — including an apparently live fundraising link on the campaign's Web site.
 
 
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 More Items: 
Ben Smith / Ben Smith's Blogs:
Obama seeks to take down NRA ad
Discussion: The Huffington Post
Brad DeLong / Grasping Reality with Both Hands:
DeLong Smackdown Watch (Special Self-Smackdown Edition) …
Confederate Yankee:
Alien Obama  —  Professor David Demming lets cultural incongruity …
Byron York / The Corner:
The Debate Dance  —  For most of today, I've thought that the debate …
Discussion: Commentary
Real Time Economics:
Text of Lawmakers' Agreement on Principles
Discussion: Conglomerate and Balkinization
Brandon Friedman / VetVoice:
Sarah Palin Links Iraq to 9/11
Discussion: Pam's House Blend
 Earlier Items: 
Megan McArdle:
How do we know something bad is going to happen?
Andrew Sullivan / The Daily Dish:
Palin On Russia  —  All you can say is: unbelievable.  Except it's true.
Discussion: MoJoBlog
Daniel W. Reilly / The Politico:
Reid: ‘No excuse’ for McCain
Jonathan Martin / Jonathan Martin's Blogs:
What liberals are up in arms about this morning
Discussion: The New Republic
Chicago Sun Times:
Obama grant being probed
Discussion: Commentary, Townhall.com and Hot Air
 

 
From Mediagazer:

Alexandra Bruell / Wall Street Journal:
The Atlantic is profitable, has 1M subscribers, and revenue grew 10% in 2023 thanks to a 50% price hike, a harder paywall, and a shift to in-depth reporting

New York Times:
The NBC News-Ronna McDaniel saga highlights the perks and perils of partisan talk TV; a source says McDaniel is now seeking $600K+ for her two year deal

New York Times:
Karlie Kloss' Bedford buys Life publication rights from Dotdash Meredith and plans to resume regular print publication in 2025; Josh Kushner will be publisher

 
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