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10:30 AM ET, August 8, 2011

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RELATED:
Christian Heinze / GOP 12:
Michele Bachmann's development and formation
Discussion: The Note and The Daily Caller
Molly Ball / The Politico:
All eyes turn to Ames
Discussion: Los Angeles Times and The Page
Economics of Contempt:
On S&P, Downgrades, and Idiots  —  This is not going to be one of those posts that laments S&P's decision to downgrade the US, but then says that S&P was probably right about our oh-so-dysfunctional political system.  —  No, S&P was flat-out wrong — no caveats.
RELATED:
Paul Krugman / New York Times:
Credibility, Chutzpah And Debt  —  To understand the furor over the decision by Standard & Poor's, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas.  The first is that America is indeed no longer the stable, reliable country it once was.
Alexander Bolton / The Hill:
Markets open low as White House pushes back on S&P downgrade  —  Washington's lawmakers and policymakers anxiously watched the open of financial markets in Asia, Europe and New York Monday to determine the impact of the nation losing its AAA credit rating.  —  The downgrade of the nation's …
Discussion: The Reaction
RELATED:
Patrick Allen / CNBC:
No Chance of Default, US Can Print Money: Greenspan  —  Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.  —  “The United States can pay any debt it has because we can always print money to do that.
Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel
Discussion: CNNMoney.com
Christine Hauser / New York Times:
Stocks Slump in First U.S. Trading Since Downgrade
Michelle Malkin:
The Conservative Crazy Eyes Cliche & Other Stupid MSM Photo Tricks  —  Sigh.  Seriously, Tina Brown?  —  Yes, I'm talking about you, Oxford University-educated Newsweek/Daily Beast editor Tina Brown.  —  You've resorted to recycling bottom-of-the-barrel moonbat photo cliches …
Discussion: Big Journalism
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Lauri Apple / Gawker:
Michele Bachmann Looks, Um, Surprised to Be on Newsweek Cover  —  Congresswoman and Republican presidential candidate/shoo-in Michele Bachmann's made the cover of the latest [Cosmo] Newsweek—an honor that comes with a new if not entirely original nickname ("the Queen of Rage") and complimentary #QueenOfRage Twitter hashtag.
Daniel Strauss / The Hill:
Rep. West: Geithner ‘should move on’ from Treasury job  —  Treasury Secretary Tim Geithner should not have decided to stay on in his current post, Rep. Allen West (R-Fla.) said Monday.  —  “When you open that refrigerator door, the lights don't come on.  I really think he should move on,” West said on Fox News.
Discussion: Weasel Zippers
RELATED:
The Note:
Michele Bachmann Doubles Down On Tim Geithner: He ‘Must Resign Immediately For The Sake Of Our Country’
Discussion: Ballot Box, National Review and Gawker
Ben White / The Politico:   Timothy Geithner to stay at Treasury
David Catanese / The Politico:
Wis. Dem memo: Victory predictions “dangerous”  —  MADISON Wis. — Democrats on the ground here are increasingly confident they will pick-up two state Senate seats, but are warning that winning the third necessary for a takeover is a tenuous prospect.  —  Despite hype from some in the party apparatus …
Discussion: Althouse and National Review
Paul Krugman:
A Self-Fulfilling Euro Crisis?  (Wonkish)  —  There will probably be big action in the euro zone tomorrow; so, some quick analytical notes.  —  The big question, I believe, is whether the Italian and maybe Spanish crises are the kind of thing that might be brought under control by ECB bond purchases.
RELATED:
Daily Mail:
Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’  —  Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
John Harwood / The Caucus:
Voters Want a Change Politicians Can't Deliver  —  WASHINGTON — Here is the bad news for President Obama and incumbents in both parties: it can get worse — and stay that way for a long time.  —  That might sound like catastrophic thinking after Mr. Obama's nerve-jangling birthday week …
Abby Phillip / The Politico:
Duncan to issue ‘No Child’ waivers  —  Seeing “no clear path” toward reauthorizing the “No Child Left Behind” education law, the Obama administration will unilaterally issue waivers to states, exempting them from some of the law's regulations.  —  “Today we're less than a month from the start …
Discussion: New York Magazine
New York Times:
A.I.G. to Sue Bank of America Over Mortgage Bonds  —  The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis.
Catherine Rampell / New York Times:
Second Recession in U.S. Could Be Worse Than First  —  If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.  —  Given the tumult of the Great Recession, this may be hard to believe.
Discussion: The Raw Story
Political Punch:
The Presidential Planner: Obama Spends Monday Behind Closed-Doors  —  ABC News' Mary Bruce (@marykbruce) reports:  —  President Obama will spend today in closed-door meetings at the White House, no doubt tackling the fallout from Standard & Poor's decision Friday to downgrade the nation's credit.
 
 
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 More Items: 
Robert McMillan / Computerworld:
AntiSec hackers dump data after hacking police websites
Wall Street Journal:
Investors Await News Corp. Meeting
Telegraph:
Tottenham riots: police let gangs run riot and loot
Discussion: The Atlantic Online
McClatchy Washington Bureau:
In valley where SEALs died, U.S. raids boost Taliban support
Discussion: Prairie Weather
Gschwarzcnn / CNN:
Romney knocks Obama's S&P ‘failure’
Discussion: Runnin' Scared and The Page
Ylan Q. Mui / Washington Post:
Lack of jobs for blacks creates tension between black lawmakers and Obama
 Earlier Items: 
Devin Banerjee / Bloomberg:
Verizon Unions Strike as Contract Talks Fail
New York Times:
Palestinians and the U.N.
Discussion: Israel Matzav and Pajamas Media
Dave Hill / Guardian:
Tottenham riots: This could happen in a dozen boroughs | Dave Hill
Adam Clymer / New York Times:
Mark O. Hatfield, Republican Champion of Liberal Causes, Dies at 89
Discussion: Outside the Beltway and The Page
Thomas L. Friedman / New York Times:
Win Together or Lose Together
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent
Discussion: NationalJournal.com