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2:05 PM ET, July 10, 2011

memeorandum

 Top Items: 
The Politico:
Under pressure from right, John Boehner steps back on debt deal  —  House Speaker John Boehner, under pressure from the right and facing resistance from his own deputies, backed away Saturday from a bold $4 trillion deficit-reduction package that he once hoped would resolve the August debt ceiling crisis …
RELATED:
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
James Pethokoukis:
Like Reagan at Reykjavik, Boehner passes on a bad deal
Discussion: Power Line
Sam Youngman / The Hill:
White House says Boehner balked over taxes, not entitlements
Discussion: Reuters, CNN and FrumForum
Russell Berman / The Hill:
Boehner backing away from grand compromise on debt
Discussion: Hot Air
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
Zack Ford / ThinkProgress:
Pawlenty: Science ‘In Dispute’ Over Whether Gays ‘Born This Way’  —  This morning on Meet The Press, David Gregory pressed GOP presidential candidate Gov. Tim Pawlenty about his recent remarks that he likes Lady Gaga's song “Born This Way,” asking if he believes being gay is a choice.
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.
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.
Mark Steyn / National Review:
Light motif  —  I think we ought to be harder when minor functionaries of a failed leviathan reveal themselves to have a defective understanding of the role of government in free societies.  Steven Chu, the Energy Secretary who came into office saying “we have to figure out how to boost …
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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.
RELATED:
Imtiyaz Delawala / ABCNEWS:
Christine Lagarde 'Can't Imagine' United States Would Default on Debt  —  Head of the International Monetary Fund, Christine Lagarde, sits down with ABC News' Christiane Amanpour (Martin Simon/ABC News)  —  As the White House continues negotiations with congressional leaders over a budget deal this weekend …
Discussion: CNN
Luke Baker / Reuters:
Exclusive: EU calls emergency meeting as crisis stalks Italy  —  (Reuters) - European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy.
 
 
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Catherine Rampell / New York Times:
Somehow, the Unemployed Became Invisible
Rod McGuirk / Associated Press:
New Australian law to make Muslims lift veils
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Joshua Miller / Roll Call:
Warren Talked With DSCC
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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

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

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

 
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