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10:15 AM ET, December 7, 2010

memeorandum

 Top Items: 
Ezra Klein:
An imperfect, but not-that-bad, deal on the tax cuts  —  The White House and the Republicans are pretty close to a final deal on the Bush tax cuts.  Here are the specifics, though it's worth saying that as near as this is to completion, it's still not done, and so it could change:
RELATED:
New York Times:
Tax Deal Suggests New Path for Obama  —  WASHINGTON — President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed …
Ezra Klein:
Wonkbook: Everything you need to know about the Bush tax cut deal  —  I'll admit it: I didn't think they had it in them.  A temporary extension of the Bush tax cuts?  Sure, they could manage that.  Fear is a powerful motivator in Washington, and nothing scares politicians like the threat of a tax hike on their constituents.
Jennifer Rubin / Right Turn:
Obama sells out the left: a Republican win on taxes  —  There really is no other way to say it: the Republicans won, the liberal Democrats lost, and the president sided with the Republicans.  The subject, of course, is an agreement to extend all the Bust tax cuts.
Shailagh Murray / Washington Post:
Tax-cut deal reached between Obama, Republicans  —  President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months …
The Politico:
Liberal Dems to Obama: Fight harder  —  Resentments between President Barack Obama and congressional Democrats that began simmering even before their mid-term disaster are nearing a boil on Capitol Hill, as liberals make clear that Obama's efforts to strike a lame-duck deal with Republicans …
Jake Tapper / Political Punch:
Senior White House Official: ‘We Wanted a Fight,’ too.  Congressional Dems 'Wouldn't Throw a Punch'  —  Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats …
Discussion: Ezra Klein and The White House
Paul Krugman:
The Deal  —  So the tax deal is out.  Obama extracted some concessions, with the big surprise being a payroll tax cut.  How much better do these concessions make the thing?  —  Well, for starters we have the two-year extension of the Bush tax cuts.  As I pointed out yesterday …
Peter Baker / New York Times:
In Tax Deal With G.O.P., a Portent for the Next 2 Years
Scott Wilson / Washington Post:
Obama's tax cut extension part of strategy to show bipartisanship
Pat Garofalo / ThinkProgress:
Obama Agrees To Extend All Bush Tax Cuts And Cut Estate Tax In Deal With Republicans
Joe Biden / Washington Post:   Obama: On the way to a failed presidency?
The Hill:
Republican ranks uneasy, await details
Andrew Samwick / Capital Gains and Games blogs:
If This Is Working Together, I'll Take Gridlock
Jon Ward / The Daily Caller:
Obama and GOP reach deal on two-year extension of Bush tax cuts for all incomes
Ezra Klein:
Why aren't the Democrats using reconciliation to pass the tax cuts?
New York Times:
Britain Arrests WikiLeaks Founder in Sex Inquiry  —  LONDON — Police in Britain arrested Julian Assange on Tuesday on a warrant issued in Sweden in connection with alleged sex offenses, British police officials said, the latest twist in the drama swirling around the anti-secrecy group and its beleaguered founder.
RELATED:
BBC:
Wikileaks founder Julian Assange arrested in London  —  Julian Assange denies sexually assaulting the two women  —  The founder of the whistle-blowing website Wikileaks, Julian Assange, has been arrested by police in London.  —  The 39-year-old Australian, who was the subject of a European arrest warrant …
Richard Pendlebury / Daily Mail:
The Wikileaks sex files: How two one-night stands sparked a worldwide hunt for Julian Assange  —  A winter morning in backwoods Scandinavia and the chime of a church bell drifts across the snowbound town of Enkoping.  Does it also toll for WikiLeaks founder Julian Assange?
Matthew Weaver / Guardian:
Julian Assange to fight UK extradition  —  • Julian Assange arrested and taken to magistrates court  —  • US attorney general Eric Holder pledges to stem leaks  —  • Latest cables reveal US plans to defend Baltic states  —  • Full coverage of the WikiLeaks cables
Richard Edwards / Telegraph:
WikiLeaks founder Julian Assange arrested by Scotland Yard
Discussion: National Review
Robert Booth / Guardian:
WikiLeaks to keep releasing cables despite Assange arrest
Sky News:
WikiLeaks Boss Assange Arrested In UK
Associated Press:
Elizabeth Edwards gravely ill with cancer  —  WASHINGTON (AP) — Elizabeth Edwards over the past six years has seen her husband's presidential ambitions thwarted, retreated from public life as their marriage disintegrated over his affair, then emerged to advocate for changes …
RELATED:
Wall Street Journal:
U.S. Unloads Citi Stake for a $12 Billion Profit  —  The U.S. Treasury sold the last of its Citigroup Inc. common shares in a $10.5 billion offering that capped the government's biggest bank bailout of the financial-market meltdown.  —  The stock sale, which was finalized Monday evening …
Discussion: msnbc.com and Taegan Goddard's …
Condoleezza Rice / Wall Street Journal:
New Start: Ratify, With Caveats  —  The treaty helpfully reinstates on-site verification of Russian nuclear forces, but senators should make it clear to Moscow that they don't see it as limiting U.S. missile defenses.  —  When U.S. President Bush and Russian President Putin signed the Moscow Treaty in 2002 …
Discussion: ThinkProgress
Ben Armbruster / ThinkProgress:
TX GOP Official Opposes Jewish House Speaker: Christians ‘Are The People That Do The Best Jobs’  —  Last month, several Tea Party activists formed a right-wing coalition to oust Rep. Joe Straus (R) as Texas House Speaker.  They began circulating emails with anti-Semitic messages against Straus, who is Jewish.
Jerry Seper / Washington Times:
Panel finds Justice reluctant to take cases of white victims  —  The Justice Department stonewalled efforts by the U.S. Commission on Civil Rights to investigate the dismissal of a civil complaint against the New Black Panther Party, leaving open the question of whether the department is willing …
Drudge Report:
BIG SIS INVADES WAL-MART: ‘IF YOU SEE SOMETHING, SAY SOMETHING’  —  WASHINGTON — Department of Homeland Security (DHS) Secretary Janet Napolitano today announced the expansion of the Department's national “If You See Something, Say Something” campaign to hundreds of Walmart stores across the country …
 
 
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 More Items: 
Jennifer Haberkorn / The Politico:
Deal reached to fix Medicare doc pay
BBC:
Iran nuclear talks: New round agreed in Geneva
Discussion: Online NewsHour and The Page
The Star-Ledger Editorial Page:
Christie's bully act getting old
Sarah Palin / Facebook:
Bailouts Reward Bad Behavior
Shane D'Aprile / Ballot Box:
Failed GOP candidates become 2012 gatekeepers in Iowa, New Hampshire
Julian Assange / TheAustralian:
Don't shoot messenger for revealing uncomfortable truths
Stephen Dinan / Washington Times:
Obama muffed U.S. motto
William Yong / New York Times:
Iran's Divorce Rate Stirs Fears of Society in Crisis
Discussion: National Review
 Earlier Items: 
New York Times:
U.S. Strains to Stop Arms Flow
Discussion: Elder of Ziyon
Patrick O'Connor / Washington Wire:
Rep. Lewis's Pitch to Head Appropriations Committee
Discussion: New York Times
Spencer Ackerman / Danger Room:
Afghans Fume as Petraeus Ramps Up Air War
Discussion: Politics Daily
Alan Cowell / New York Times:
19 Countries to Miss Nobel Peace Prize Ceremony
Discussion: Commentary
Mary C. Curtis / Politics Daily:
Obama Calls for a New ‘Sputnik Moment’ for America
Discussion: The Page
Ambrose Evans-Pritchard / Telegraph:
China's credit bubble on borrowed time as inflation bites
Felix Salmon:
Chart of the day: U.S. taxes
 

 
From Techmeme:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse

 
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