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4:10 PM ET, July 30, 2011

memeorandum

 Top Items: 
The Hill:
Reid alters debt plan to win GOP support  —  Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support.  —  The biggest change is that Reid would give the president almost unilateral power to raise the debt limit …
RELATED:
Ezra Klein / Washington Post:
The trigger that could lead to a debt deal  —  It's all going to come down to the trigger.  —  Look closely at the Reid and Boehner bills.  The first round of cuts are pretty much the same.  The joint congressional committee charged with recommending further deficit reduction is pretty much the same.
Josiah Ryan / The Hill:
Forty-three GOP senators pledge opposition to Reid debt-ceiling plan  —  Forty-three GOP senators on Saturday signed a letter addressed to Senate Majority Leader Harry Reid (D-Nev.) expressing opposition to his debt-ceiling legislation currently being considered in the upper chamber.
Stephen Dinan / Washington Times:
Democrats enforce filibuster against their own debt bill  —  Senate Republicans want a 60-vote threshold for a debt-limit bill to pass the chamber, but it's actually Democrats who are enforcing the filibuster on their own legislation, insisting on delaying a vote until 1 a.m. Sunday morning.
David Dayen / Firedoglake:
As Congress Nears Debt Limit Endgame, Attention Turns to a Trigger  —  If you're hardy, stay up until 1am ET tonight and watch the US Senate take a vote on a debt limit plan.  The plan will retain most of the structure of what Harry Reid has put forward in recent days …
Discussion: Open Congress
Bob Cusack / The Hill:
Days after lauding McConnell, Democratic leaders rip him  —  Four days after publicly praising Senate Republican Leader Mitch McConnell (Ky.), Senate Democratic leaders are now ripping him.  —  The Democrats' comments about McConnell at an impromptu press conference late Friday night signaled …
Discussion: The Caucus and Connecting.the.Dots
Jamie Klatell / The Hill:
Kyl: Dems using debt debate for ‘much broader tax increases’  —  Republicans have tried to work with Democrats to solve the debt crisis, but “behind the scenes” Democrats insisted on hug tax increases, Sen. Jon Kyl (R-Ariz) said Saturday.  —  “Unfortunately, after weeks of negotiations …
Discussion: CNN, Hullabaloo and Hot Air
Rosalind S. Helderman / Washington Post:
Senate headed for critical debt vote Sunday  —  The Senate is driving toward a climactic and dramatic vote at 1 a.m. Sunday that could determine whether a bipartisan deal to raise the nation's legal borrowing limit is possible or a government default is likely.
Brian Beutler / TPMDC:
Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan Fallback Plan  —  The Senate adjourned late Friday night without an agreed-upon framework for raising the debt limit.  Shortly before this, a source passed to TPM a blueprint of what Democrats hope will be the way out of this imbroglio.
John Hinderaker / Power Line:
Over to You, Harry  —  Thankfully, the House passed Boehner 3 tonight, 218-210.
Discussion: Viking Pundit and The Hill
Alexander Bolton / The Hill:
Intense talks under way between Senate Dems, GOP on debt deal
Mj Lee / The Politico:
Obama demands plan by Tuesday  —  Just days ahead of the Aug. 2 debt ceiling deadline and as partisan rankling continued on Capitol Hill, President Barack Obama urged Congress to show him a plan that would divert the country from national default by Tuesday.
RELATED:
The White House:
WEEKLY ADDRESS: Acting Responsibly on Behalf of the American People
Bloomberg:
Congress Deadlocked on Plan to Avert Default
Discussion: The Atlanta Post
Gautham Nagesh / The Hill:
Obama: House Republicans wasted ‘precious days’ with Boehner plan
Discussion: The Hill
Paul Krugman:
The Corrosion of the Conservative Economic Mind  —  First Michael Boskin, now John Taylor: there seems be an epidemic of politically conservative economists who used to be technically competent repeating the obviously wrong falsehood that Reagan ushered in an era of “unprecedented” growth.
Pete Kasperowicz / The Hill:
Boehner: ‘I stuck my neck out a mile’ for debt-ceiling deal with White House  —  A defiant House Speaker John Boehner (R-Ohio) late Friday defended his debt-ceiling plan by saying it is the only viable plan on paper so far.  —  The Speaker said he'd risked political capital and stuck his neck …
RELATED:
CNN:
Huntsman makes his pitch to college students
Discussion: The Politico and The Note
Paul Krugman:
The Truth About Federal Spending  —  Whenever someone like me or Bruce Bartlett points out how little Obama resembles the right's portrait of a raging leftist, someone is sure to come back with the assertion that Obama has presided over a vast expansion of federal spending.
Noel Sheppard / NewsBusters.org:
Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party ‘Strapped Explosives to the Capitol’  —  Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting “to burn the place down” and having figuratively “strapped explosives to the Capitol” during debt ceiling negotiations.
Discussion: Don Surber and The Gateway Pundit
 
 
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 More Items: 
Jeffrey Rosen / The New Republic:
How Would the Supreme Court Rule on Obama Raising the Debt Ceiling Himself?
Discussion: The Volokh Conspiracy
Felix Salmon:
How insurance improves living standards
Discussion: Paul Krugman
The Politico:
Washington's warring weekend: Dueling votes, parties and loyalties
Discussion: John Boehner
esa.doc.gov:
Economic Indicators: 2011 Q2 GDP and Annual Revisions
Discussion: ThinkProgress
Victor Davis Hanson / National Review:
Behind the D.C. Slugfest
Discussion: Pundit & Pundette
Steven Hayward / Power Line:
After the Crash? Or Before the Deluge?
 Earlier Items: 
Neel Kashkari / Washington Post:
Could a U.S. debt downgrade trigger a financial crisis?
Discussion: Politics
Dan Amira / New York Magazine:
Bill Maher on the Controversial Ground Zero Cross: Remember Norway?
Discussion: Weasel Zippers
Molly Ball / The Politico:
Jesse Jackson: Obama should have been tougher
Discussion: Weasel Zippers
Little Green Footballs:
Pamela Geller Edits Post to Conceal Violent Rhetoric in ‘Email from Norway’
Larry O'Connor / Breitbart.tv:
Rep. Paul Ryan Destroys Reid Bill in Blistering Speech; 'Let's Cover the Moon with Yogurt!'
Discussion: 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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