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10:40 AM ET, August 1, 2011

memeorandum

 Top Items: 
Paul Krugman / New York Times:
The President Surrenders  —  A deal to raise the federal debt ceiling is in the works.  If it goes through, many commentators will declare that disaster was avoided.  But they will be wrong.  —  For the deal itself, given the available information, is a disaster, and not just for President Obama and his party.
RELATED:
New York Times:
To Escape Chaos, a Terrible Deal  —  There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all.  The deal would avert a catastrophic government default, immediately and probably through the end of 2012.
Elise Foley / The Huffington Post:
Durbin: Debt Deal Will Be The Death Of Keynesian Economics … WASHINGTON — The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majority Whip Dick Durbin (D-Ill.) said in a floor speech on Sunday.
Chris Cillizza / Washington Post:
The debt-ceiling deal: Winners and losers  —  The debt ceiling fight is over.  The White House and congressional leaders have settled on a deal to raise the nation's debt ceiling, enact immediate spending cuts and, our favorite part, create a super-commission designed to trim the federal budget further by the end of the year.
Wall Street Journal:
A Tea Party Triumph  —  The debt deal is a rare bipartisan victory for the forces of smaller government.  —  If a good political compromise is one that has something for everyone to hate, then last night's bipartisan debt-ceiling deal is a triumph.  The bargain is nonetheless better …
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move?  —  It was President Obama's bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases.  —  But in his eleventh-hour stare …
Marc A. Thiessen / Washington Post:
How the Tea Party ‘hobbits’ won the debt fight  —  The Tea Party came under fire from all sides Friday after House conservatives nearly brought down Speaker John Boehner's debt-limit bill.  John McCain went to the Senate floor to mock Tea Partyers as “hobbits,” and Democratic Rep. Chris Van Hollen …
Discussion: The Politico, JustOneMinute and CNN
Washington Post:
White House, congressional leaders reach debt-limit deal  —  President Obama and congressional leaders Sunday night sealed a deal to raise the federal debt limit that includes sharp spending cuts but no new taxes, breaking a partisan impasse that has driven the nation to the brink of a government default.
New York Post:
Floundering Obama aims for '12 miracle  —  Then there was one.  With the Senate's tabling of Majority Leader Harry Reid's debt-reduction deal yesterday afternoon, the only game in Washington is a nearly $3 trillion, two-stage compromise plan worked out between the White House and congressional Republicans.
Discussion: National Review
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On
Jonathan Chait / The New Republic:
Did Obama Get Rolled?  —  The debt ceiling agreement is a horrible piece of legislation.
CNN:   Debt deal vote likely on Monday, party sources say
Ezra Klein / Washington Post:
Democrats will lose now. But they can win later.
Steven T. Dennis / Roll Call:
Debt Deal Emerging With Rightward Tilt  —  President Barack Obama's rightward lurch to reach a $3 trillion deficit reduction deal with no guarantee of additional revenues had liberals fuming and Republicans all but declaring victory Sunday afternoon.  —  With time running out to reach …
RELATED:
Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi
Nicholas Schmidle / New Yorker:
GETTING BIN LADEN … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
New York Times:
From Spending to Cuts, While the Economy Stalls  —  WASHINGTON — The nation's political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation's long-term prosperity.
RELATED:
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator  —  (Alex Wong - VIA BLOOMBERG) Assuming no hiccups in the House — and that might be a big assumption — we've got a deal.  The deficit-reduction side includes $1 trillion in cuts now, $1.5 trillion (or more) in deficit reduction later, and a vote on a balanced budget amendment.
RELATED:
James Pethokoukis:
Debt ceiling update: tax increases still a no-go
Andrew Malcolm / Top of the Ticket:
More bad poll news for Obama as debt deal brings smiles to Capitol Hill  —  Lots of smiles and happy news from Capitol Hill late Sunday as legislators on both sides optimistically announced a debt limit-spending deal to avert a threatened government shutdown Tuesday.
RELATED:
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday
Discussion: The Politico, TPMDC and Wonkette
David Morgan / Reuters:
White House adviser says deficit deal will pass Congress  —  (Reuters) - White House senior adviser David Plouffe said on Monday that he believes the newly minted deal to raise the U.S. debt ceiling will pass both houses of Congress and be signed into law by President Barack Obama.
RELATED:
Mickey Kaus / The Daily Caller:
1) Exactly why is it important that the “sequester"-the across …
Christian Heinze / GOP 12:
Palin film disappears at box office  —  The pro-Sarah Palin documentary, The Undefeated, suffered another huge drop in ticket sales over the weekend, earning just over $5,000.  —  Its weekend grosses:  —  July 29-31: $5,200 in 4 theatres.  —  July 22-24: $24,664 in 14 theatres.
Discussion: Taegan Goddard's …
Pamela Geller / Atlas Shrugs:
Summer Camp?  Antisemitic Indoctrination Training Center … The day of the Norway shooting, I was blindsided by one of the survivor's statements to the press immediately after the shooting (see above).  It was so outside the box, I thought it was the kneejerk response of an anti-semite in shock.
Jim McElhatton / Washington Times:
Biden charging Secret Service for cottage rental  —  The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. — the agency also pays him rent.  —  Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family …
P.M. Carpenter / p m carpenter's commentary:
Unrestrained lunacy  —  John Boehner emailed his accomplices this afternoon that:  —  Discussions are underway on legislation that will cut government spending more than it increases the debt limit, and advance the cause of the balanced budget amendment, without job-killing tax hikes.
Discussion: The Hill and The Politico
 
 
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 More Items: 
Michael Calderone / The Huffington Post:
Al Jazeera English Launches In New York City
David Crary / Associated Press:
Gay marriage: awkward issue for some GOP hopefuls
Discussion: ThinkProgress and The Page
Peter Beinart / Yahoo! News:
How the Tea Party Won the Deal
John Paczkowski / AllThingsD:
Apple Launching New iPhone in October, Not September
Thomas Lane / Talking Points Memo:
Waking Up With A Horse's Head In Your Bed
Discussion: Althouse
Associated Press:
Deadly Syrian crackdown continues
Discussion: AMERICAblog News and Politics
 Earlier Items: 
Julian Sanchez / New York Post:
Congress out to spy on your 'puter
Sig Christenson / Houston Chronicle:
Some in Killeen worry they're a target
Discussion: This ain't Hell …
Simonhernandezarthur / CNN:
Bachmann cuts Iowa swing short
Robert / Jihad Watch:
New York Times concedes that Spencer and other anti-jihadists are not responsible for Norway murders
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a …
MyFOX Detroit:
Agents Raid Wrong House in Sterling Heights
 

 
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Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board

Matthew Connatser / The Register:
Intel's Gaudi 3 white paper details the made-for-China processors HL-328 and HL-388, likely designed to comply with US sanctions by reducing performance

Benjamin Sandofsky / Sandofsky:
A look at the failure of Humane's Ai Pin, which took six years to ship after raising $230M, including building the device “the Apple way” and raising too much
 
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