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4:55 AM ET, July 31, 2011

memeorandum

 Top Items: 
The Note:
Congressional Sources: Republicans and Democrats Reach Tentative Debt Deal  —  ABC News' Jonathan Karl (@JonKarl) reports:  —  Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal …
RELATED:
Seung Min Kim / The Politico:
Pelosi: Boehner went to ‘dark side’  —  House Minority Leader Nancy Pelosi didn't mince words on Speaker John Boehner's efforts on the debt ceiling, whipping out a Star Wars reference on the House floor Saturday.  —  Instead of working out a compromise with Democrats, she said on the House floor …
David Rogers / The Politico:
Senate debt vote delay is sign of hope  —  Senate Republican Leader Mitch McConnell is in active negotiation with the White House on a debt ceiling deal, and Democrats agreed late Saturday night to postpone a partisan-tinged cloture vote to give time for both sides to reach a deal.
Major Garrett / NationalJournal.com:
Outlines of Debt Compromise Emerge  —  An announcement could come as early as Sunday afternoon.  —  Here are the outlines of a debt-ceiling deal that congressional leaders and the Obama White House are firming up in preparation for a possible announcement as early as Sunday afternoon.
Jennifer Rubin / Washington Post:
A deal comes together  —  Two senior Republican offices have confirmed that while the outlines of a debt-ceiling deal are in place, no “paper” has been exchanged.  The agreement would take the country through the 2012 election, but the Boehner bill two-step cutting process would remain.
Discussion: Riehl World View
CNN:
Democrats, Republicans disagree on state of debt talks  —  What will it take to find a solution to the U.S. Debt crisis?  Wolf Blitzer and Don Lemon break down the hurdles and options in “GET IT DONE — Countdown to Debt Crisis,” a CNN Special Report Sunday night at 9 ET on CNN.
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.
Brian Beutler / TPMDC:
BREAKING: Dems Delay Debt Limit Test Vote  —  Senate Democrats have delayed a key Sunday morning test vote on legislation to raise the debt limit, as negotiations to avoid a catastrophic debt default drag on.  —  Late Saturday, Senate Majority Leader Harry Reid (D-NV) announced on the Senate floor …
Heidi Przybyla / Bloomberg:
White House, Republicans Said to Reach Tentative Deal on U.S. Debt Ceiling
Carl Hulse / New York Times:
Amid New Talks, Some Optimism on Debt Crisis
Discussion: TalkLeft, Politics and Calculated Risk
Stephen Dinan / Washington Times:
Democrats enforce filibuster against their own debt bill
The Note:
Reid Dismisses GOP Letter Against His Bill, Says His Bill Is ‘Only Game In Town’
Discussion: Weasel Zippers
Molly K. Hooper / The Hill:
‘Fully engaged’ McConnell expresses optimism on debt deal
Discussion: ThinkProgress and AMERICAblog News
Bob Cusack / The Hill:
Days after lauding McConnell, Democratic leaders rip him
Discussion: The Caucus and The Moderate Voice
David Dayen / Firedoglake:
As Congress Nears Debt Limit Endgame, Attention Turns to a Trigger
Rosalind S. Helderman / Washington Post:
Senate headed for critical debt vote Sunday
Pete Kasperowicz / The Hill:
Rep. McCotter calls for a truce between Republicans, Tea Party  —  Rep. Thaddeus McCotter (Mich.), a Republican presidential candidate, called Saturday morning for Republicans and the Tea Party to stop fighting and work together to help save the country, presumably from Democratic policies, although he was not specific.
Paul Krugman:
Very Serious Suckers  —  Jonathan Chait has an excellent piece documenting the way in which what he calls the establishment, and I call Very Serious People, misjudged the way the debt ceiling thing would play out: … He then goes on to show how the usual suspects — the WaPo editorial page …
George F. Will / Washington Post:
Declaration of independents  —  August is upon us, beaches beckon and Michele Bachmann has set the self-improvement bar high.  She recently told The Wall Street Journal, “When I go on vacation and I lay on the beach, I bring von Mises.”  The congresswoman may be the first person ever …
Discussion: Hit & Run
Peter Schroeder / The Hill:
Moody's: Neither debt plan protects the nation's AAA rating  —  The “limited magnitude” of both debt plans put forward by congressional leaders would not put the nation's AAA credit rating back on solid footing, Moody's Investors Service announced Friday.  —  “Reductions of the magnitude …
Discussion: Vox Popoli and PoliPundit.com
 
 
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 More Items: 
Andrew Ferguson / Weekly Standard:
Civility, Obama Style
Discussion: Power Line
Evan McMorris-Santoro / TPMDC:
Wisconsin GOPer Admits She Compared Public Schools To Nazi Germany
New York Times:
Farmers Oppose G.O.P. Bill on Immigration
Discussion: The Raw Story
The Politico:
Washington's warring weekend: Dueling votes, parties and loyalties
Discussion: Bearing Drift and Speaker
 Earlier Items: 
Paul Krugman:
The Corrosion of the Conservative Economic Mind
The White House:
WEEKLY ADDRESS: Acting Responsibly on Behalf of the American People
Noel Sheppard / NewsBusters.org:
Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party ‘Strapped Explosives to the Capitol’
Discussion: Don Surber and The Gateway Pundit
Victor Davis Hanson / National Review:
Behind the D.C. Slugfest
Discussion: Pundit & Pundette