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12:15 PM ET, July 10, 2011

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Washington Post:
Boehner abandons efforts to reach comprehensive debt-reduction deal  —  House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.
Carl Hulse / New York Times:
Boehner Scales Back Deficit Talks, Citing Tax Increases  —  WASHINGTON — Citing differences over tax revenues, House Speaker John A. Boehner said on Saturday night that he would pull back from joint efforts with President Obama to reach a sweeping $4 trillion deficit-reduction plan tied to a proposal to increase the federal debt limit.
New York Times:
The Worst Time to Slow the Economy  —  It was not surprising to hear the Republican presidential candidates repeat their tiresome claim that excessive government spending and borrowing were behind Friday's terrible unemployment report.  It was depressing to hear President Obama sound as if he agreed with them.
Matthew Yglesias / ThinkProgress:
John Boehner Wants To Scale Down Debt Talks  —  The collapse of negotiations around $4 trillion in debt reduction and House Speaker John Boehner's preference to scale the scope of discussion back to $2 trillion in hopes that will somehow generate a deal with no tax increases isn't surprising.
Discussion: Eschaton
Ryan Grim / The Huffington Post:
John Boehner Rejects Obama's Grand Bargain On Debt Ceiling … Barack Obama , John Boehner , Deficit , Federal Deficit , Debt Ceiling , Boehner Budget Cuts , Boehner Debt Ceiling , Boehner Deficit , Boehner Spending Cuts , John Boehner Budget Cuts , John Boehner Debt Ceiling …
James Pethokoukis:
Like Reagan at Reykjavik, Boehner passes on a bad deal  —  So in the end, it was bit of a Ronald Reagan moment for John Boehner on Saturday.  Just as the U.S. president walked away from a bad arms control agreement with Soviet leader Mikhail Gorbachev at Reykjavik, Iceland in 1986 …
Discussion: Power Line
Sam Youngman / The Hill:
White House says Boehner balked over taxes, not entitlements
Discussion: Reuters, CNN and FrumForum
Wall Street Journal:
Boehner to Seek Smaller $2 Trillion Deal
Discussion: Doug Ross
James Pethokoukis:
Will Boehner pull a ‘Reagan at Reykjavik’ and walk?
Russell Berman / The Hill:
Boehner backing away from grand compromise on debt
Discussion: Hot Air
James Pethokoukis:
Is Obama getting ready to snooker Boehner on taxes?
Discussion: Swampland and The Hill
Stephen Clark / Fox News:
Bachmann Stands By Marriage Pledge That Links Slavery to Black Family Values  —  Republican presidential candidate Michelle Bachmann is standing firm behind a pledge she signed Thursday that promotes marriage and social conservative values, but includes a passage in the opening statement …
RELATED:
Don Surber:   Latest plan to save O in 2012
Judd Legum / ThinkProgress:
FAMiLY LEADER Statement Suggests Pledge, Signed By Bachmann, Requires Her To Prosecute Essentially All Porn
The Politico:
Daley: U.S. suspending military aid to Pakistan  —  President Barack Obama's chief of staff on Sunday confirmed that the U.S. is suspending $800 million in military aid to Pakistan.  —  Bill Daley said the U.S. relationship with Pakistan is “difficult” and must be made “to work over time.”
Discussion: The Atlantic Online
RELATED:
New York Post:
Can jobs news get worse?  Just wait and see  —  If you are an American looking for work — no, make that pleading to be allowed to earn a living — you already know this: the job market is even worse than Washington is telling us.  And Washington yesterday told us that the employment situation is just plain ugly.
Discussion: Cold Fury and Daily Pundit
RELATED:
JammieWearingFool:
Great News: Friday's Anemic Jobs Number Are Likely Bogus
Discussion: Vox Popoli
New York Post:
Clueless about jobs  —  America's economy grew by a minus cule …
Discussion: Scared Monkeys
Sarah Palin / Facebook:
The Sugar Daddy Has Run Out of Sugar; Now We Need New Leaders  —  Barack Obama's big government policies continue to fail.  He should put a link to the national debt clock on his BlackBerry.  The gears on that clock have nearly exploded during his administration.
Salena Zito / PittsburghLIVE.com:
Issue could cost Obama his job  —  Where are the jobs?  —  Not the stimulus signs, rhetoric about “shovel-ready” economic voodoo or propping-up of an anemic manufacturing sector, but the real jobs?  —  Polls at the beginning of July showed President Obama in an increasingly hazardous position with voters on jobs and the economy.
 
 
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 More Items: 
Joshua Miller / Roll Call:
Warren Talked With DSCC
Megan McArdle / The Atlantic Online:
Hoover Was No Budget Cutter
 Earlier Items: 
Ian Millhiser / ThinkProgress:
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Discussion: Balloon Juice
Robert J. Herbold / Wall Street Journal:
China vs. America: Which Is the Developing Country?
Discussion: Cold Fury and Say Anything