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6:35 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:
Senate Votes Down Reid Bill, Awaits Obama/McConnell Spending-Cut-Only Debt Limit Bill  —  Shortly after 1 p.m. Sunday, the Senate voted down Majority Leader Harry Reid's debt limit bill.  —  That plan has been outmoded by a new one, hammered out by the White House and Minority Leader Mitch McConnell, that's still being finalized.
William A. Jacobson / Le·gal In·sur·rec· tion:
The end of Harry Reid as we know it
Discussion: PoliPundit.com and The Note
The Note:
Caution on Capitol Hill: ‘Nothing Is Agreed to Until Everything Is Agreed to’
Discussion: Mediaite and Hot Air
Peter Schroeder / The Hill:   Moody's: Neither debt plan protects the nation's AAA rating
Jake Tapper / Political Punch:
Negotiating All But Done for $2.7 Trillion Deficit Reduction Deal ... Now Comes the Selling  —  Sources from both parties tell ABC News that the major potential roadblock in deficit negotiations— the triggers — are now essentially agreed upon.  The plan is for the House to vote on this tomorrow, assuming all goes according to plan.
RELATED:
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
Glenn Thrush / The Politico:
W.H. ‘fine’ with no new revenues until 2013
Discussion: CNN
Alexander Bolton / The Hill:
Senate conservatives say they don't plan to delay consideration of debt-limit deal  —  Senate Republican conservatives say they do not plan to delay a bipartisan deal to raise the debt ceiling, giving Congress a chance to make the Aug. 2 deadline set by President Obama.
RELATED:
Alexander Bolton / The Hill:
Sen. Reid signs off on bipartisan debt-ceiling compromise  —  Senate Majority Leader Harry Reid (D-Nev.) has signed off on a bipartisan deal between President Obama and GOP leaders to raise the debt limit.  —  After meeting with House Democratic Leader Nancy Pelosi (Calif.) …
Discussion: Pajamas Media
The Hill:
Senate Dems discuss emerging deal
Discussion: The Other McCain, Reuters and Daily Kos
Michael D. Shear / The Caucus:
Senate Blocks Reid's Debt Ceiling Plan
Discussion: Washington Monthly
New York Times:
Reid Backs Debt Deal; Defense Cuts Still in Debate
Julian Pecquet / The Hill:
GOP ready to declare victory in debt fight  —  Republicans on Sunday framed an emerging debt ceiling agreement as largely giving them what they wanted in a debt deal.  —  Senate Minority Leader Mitch McConnell (R-Ky.) also pushed back Sunday against suggestions the prolonged fight over raising …
Discussion: Alan Colmes' Liberaland and CNN
RELATED:
Jake Sherman / The Politico:
Griping begins as debt deal specifics emerge  —  Members of Congress from both parties fear their leaders may have conceded too much ground in an emerging deal to raise the debt ceiling, a sign of how difficult it'll be for a sweeping plan to be signed into law before the government begins to default on its debt later this week.
Discussion: The Page and Taegan Goddard's …
Meghashyam Mali / The Hill:   McCarthy: GOP still wants balanced budget amendment
The Caucus:
McConnell Sees Deal “Very Close”; Focus Is on Triggers for Cuts
Discussion: Daily Kos
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 …
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory  —  By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Discussion: Daily Kos
Dan / Riehl World View:
Jennifer Rubin Is An A**hole  —  Sorry, but there's really no other word for it.  Talk about someone with a malfunction.  You write for the Washington Post now, sweetie.  You need to grow up and at least write like an adult, even if you can't manage to think like one.
RELATED:
Jennifer Rubin / Washington Post:
A deal comes together
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.
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.
ABCNEWS:
‘This Week’ Transcript: David Plouffe and Lindsey Graham  —  AMANPOUR (voice-over): This week, the endgame.  —  MCCONNELL: Our country is not going to default for the first time in history.  That is not going to happen.  —  AMANPOUR: Now, at the 11th hour, perhaps some cause for optimism.
Discussion: Crooks and Liars
 
 
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Daily Mail:
Probe into secretive Sharia law courts scrapped as Muslim leaders close ranks
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The Note:
Herman Cain wins Western Conservative Summit Straw Poll; Rick Perry Second
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 Earlier Items: 
Mgroombridge / Decide America:
Debt-Ceiling Negotiations Leaving Defense Budget in Grave Jeopardy
Steve Benen / Washington Monthly:
Extortion politics: a new form of governing
CNN:
Iran state media: Man spared punishment of blinding by acid
Discussion: Weasel Zippers