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1:10 PM 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:
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.
Brian Beutler / TPMDC:
Dems, GOP Float Eye-Popping Debt Limit Compromise  —  Very late on Saturday, multiple reports sketched out the framework of a debt limit compromise President Obama has struck with Senate Minority Leader Mitch McConnell (R-KY).  —  As noted here, the issue under contention was the design of a so-called …
The Note:
Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’  —  ABC News' Jonathan Karl reports:  —  There is caution on Capitol Hill about a tentative deal being reached.  —  As the mantra here goes, “nothing is agreed to until everything is agreed to.”
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.
Ezra Klein / Washington Post:
Democrats will lose now.  But they can win later.  —  Democrats are going to lose this one.  The first stage of the emerging deal doesn't include revenue, doesn't include stimulus, and lets Republicans pocket a trillion dollars or more in cuts without offering anything to Democrats in return.
Discussion: emptywheel and DISSENTING JUSTICE
The Caucus:
McConnell Sees Deal “Very Close”; Focus Is on Triggers for Cuts
Discussion: Daily Kos
Dan / Riehl World View:   Jennifer Rubin Is An A**hole
Stanley B. Greenberg / New York Times:
Why Voters Tune Out Democrats  —  Stanley B. Greenberg is the chief executive of Greenberg Quinlan Rosner, a polling company that works with center-left political parties in the United States and abroad.  —  BARACK OBAMA can't catch a break from the American public on the economy …
Matthew Yglesias / ThinkProgress:
Compromise In The Works  —  The rumored deals flying around Washington today all sound pretty bad.  And how could they not be?  The White House started with a position that: … But (1) and (3) were in significant tension.  The White House strategy for getting (3) was to persuade the public that (3) was the correct position.
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Washington Wire:
Live Blog: The U.S. Debt Battle
Maureen Dowd / New York Times:
Tempest in a Tea Party  —  SO I was chatting with Chris Coons, the new Democratic senator from Delaware who had a rare win over the Tea Party when he beat loony Christine “I've Dabbled in Witchcraft but I Am Not a Witch” O'Donnell in the midterms.  —  Coons is a smart guy who's alarmed …
RELATED:
Pete Kasperowicz / The Hill:
Rep. McCotter calls for a truce between Republicans, Tea Party
Jackie Calmes / New York Times:
Rightward Tilt Leaves Obama With Party Rift  —  WASHINGTON — However the debt limit showdown ends, one thing is clear: under pressure from Congressional Republicans, President Obama has moved rightward on budget policy, deepening a rift within his party heading into the next election.
Discussion: The Note, Corrente, CNN and The Agonist
Thomas L. Friedman / New York Times:
Bring Back Poppy  —  WATCHING today's Republicans being led around by an extremist Tea Party faction, with no adult supervision, I find my mind drifting back to the late 1980s when I was assigned to cover the administration of George H.W. Bush, who I believe is one of our most underrated presidents.
CNN:
Iran state media: Man spared punishment of blinding by acid  —  Tehran, Iran (CNN) — A man convicted of blinding a woman in an acid attack was spared an eye-for-an-eye punishment Sunday, minutes before the sentence was to be carried out, Iranian state media reported.
Discussion: Weasel Zippers
Kevin G. Hall / McClatchy Washington Bureau:
Economists: Now is wrong time for Congress to cut spending  —  WASHINGTON — Lawmakers trying to reach a deal on spending cuts in order to raise the nation's debt ceiling risk causing serious economic harm if they cut government programs too much in the near term, economists warn.
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 More Items: 
Mike Lillis / The Hill:
Black Caucus urges Obama to use 14th Amendment debt fix
Discussion: ThinkProgress and Weasel Zippers
John Hinderaker / Power Line:
“Fiscally Responsible Punk Rock Music”
Suzy Khimm / Washington Post:
Why any debt-ceiling deal will squeeze the states
Catherine Rampell / New York Times:
Sure Cure for the Debt Problem: Economic Growth
Discussion: Washington Monthly
Peter Schroeder / The Hill:
Moody's: Neither debt plan protects the nation's AAA rating
 Earlier 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
Discussion: FOX News Radio
U.S. Senate Republican Leader Mitch McConnell:
43 Senators Sign Letter Opposing The Reid Bill