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9:45 AM ET, December 4, 2012

memeorandum

 Top Items: 
Josh Barro / Bloomberg:
What's Wrong With the Republican Fiscal Cliff Counteroffer  —  Here are three big problems with the letter they sent to the White House:  —  1. It's not really a proposal — it's just a set of headline numbers without specific policies.  The letter says Republicans want to cut $900 billion …
RELATED:
Jessica Yellin / CNN:
White House won't counter Boehner's fiscal proposal  —  Washington (CNN) - Don't expect negotiations for a deal to avert the “fiscal cliff” to heat up this week.  —  Senior administration officials said the offer House Speaker John Boehner submitted to the White House on Monday wasn't serious enough …
Russell Berman / The Hill:
House GOP makes a $2.2 trillion debt counteroffer to Obama on cliff  —  House Republican leaders have made a counteroffer to President Obama in the fiscal cliff negotiations, proposing to cut $2.2 trillion with a combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.
Bloomberg:
Republicans Counter Obama Plan With Entitlement Cuts  —  U.S. House Speaker John Boehner proposed $2.2 trillion of spending cuts and new revenue that lack what President Barack Obama calls essential for a fiscal agreement: higher tax rates for top-earning Americans.
Discussion: The Agonist
Jonathan Weisman / New York Times:
Republicans Make Counteroffer in Fiscal Talks  —  WASHINGTON — Republican Congressional leaders on Monday countered President Obama's deficit reduction proposal with a plan of their own that is far heavier on spending cuts but embraces $800 billion in new taxes over the next 10 years.
Ezra Klein / Wonkblog:
Boehner tries to call a mulligan  —  House Speaker John Boehner is trying to call a mulligan.  —  In 2011, not long after an election in which Democrats were utterly routed, Erskine Bowles testified before the debt supercommittee.  “I tried to think...if it was possible …
Discussion: Washington Examiner
Jonathan Easley / The Hill:
Palin regrets calling GOP lawmakers ‘wusses’ on deficit talks
Discussion: Politico
David Brooks / New York Times:
The Truly Grand Bargain
Discussion: Mother Jones
Jonathan Karl / ABCNEWS:
Republican Doomsday Plan: Cave on Taxes, Vote ‘Present’
Marc A. Thiessen / Washington Post:
In ‘cliff’ talks, Obama on brink of disaster
Sahil Kapur / Talking Points Memo:
GOP Leaders May Be Pondering Surrender On Taxes
Discussion: Library Grape
Brian Beutler / Talking Points Memo:
Boehner Counter Offer To Obama Includes Higher Medicare Age, Social Security Benefit Cut
Lisa Mascaro / Los Angeles Times:
Boehner makes counteroffer on ‘fiscal cliff’
Discussion: The Agonist and Hullabaloo
Manu Raju / Politico:
Ashley Judd exploring Senate run  —  Ashley Judd vs. Mitch McConnell?  —  It might not be as far-fetched as you think.  —  The Hollywood movie star and eighth-generation Kentuckian is seriously exploring a 2014 run for the Senate to take on the powerful Republican leader, four people familiar with the matter tell POLITICO.
Mother Jones:
Exclusive: Dick Armey Quits Tea Party Group in Split Over Direction  —  In a move not publicly announced, former Rep. Dick Armey, the folksy conservative leader, has resigned as chairman of FreedomWorks, one of the main political outfits of the conservative movement and an instrumental force within the tea party.
Bob Woodward / Washington Post:
Fox News chief's failed attempt to enlist Petraeus as presidential candidate  —  Roger Ailes, the longtime Republican media guru, founder of Fox News and its current chairman, had some advice last year for then-Gen. David H. Petraeus.  —  So in spring 2011, Ailes asked a Fox News analyst headed …
Alexthechick / doubleplusundead:
An open letter to Bob Costas and Jason Whitlock  —  Gentlemen: I see that you have chosen to use the horrific crime of the murder of Kasandra Perkins to express your belief that guns are the problem, not the men who wield them.  I am utterly certain that you believe that you have the moral high ground on this matter.
RELATED:
Kevin Cirilli / Politico:
Rush Limbaugh: Bob Costas ‘cop out’
Michael Barbaro / New York Times:
Bloomberg Asked Clinton to Consider Succeeding Him as Mayor  —  Mayor Michael R. Bloomberg has long struggled to imagine a successor with the combination of star power, experience and grit to fill his shoes.  —  But not long ago, he was struck by an inspiration: Hillary Rodham Clinton, the retiring secretary of state.
Hans Nichols / Bloomberg:
Obama Said to Consider Vogue Editor Wintour for U.K. Embassy  —  President Barack Obama is considering nominating Anna Wintour, the editor-in-chief of Vogue, to be either his next ambassador to the U.K. or France, as he looks to reward his biggest fundraisers with embassies that never seem out of fashion …
Fars News Agency:
Iran Hunts US ScanEagle Drone over Persian Gulf  —  TEHRAN (FNA)- Commander of the Islamic Revolution Guard Corps (IRGC) Navy Rear Admiral Ali Fadavi announced that his forces hunted a US Unmanned Aerial Vehicle (UAV) over the Persian Gulf after the drone violated the country's airspace.
Pat Garofalo / ThinkProgress:
Corporate Profits Hit Record High While Worker Wages Hit Record Low  —  A constant conservative charge against President Obama is that he is inherently anti-business.  However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession.
RELATED:
Chris Isidore / CNNMoney.com:
Corporate profits hit record as wages get squeezed
Discussion: Daily Kos
Mike Levine / Fox News:
Holder chief of staff targeted by Republicans in ‘Furious’ scandal to leave post  —  In one of the first high-level departures from the Justice Department since President Obama was elected to a second term, Attorney General Eric Holder's chief of staff — a political target …
Discussion: Politico and The Hill
Financial Times:
Notes from the EU … Welcome.  If you have yet to register on FT.com you will be asked to do so before you begin to read FT blogs.  However, our posts remain free.  —  This blog covers everything from the European Union's foreign and economic policies to the fortunes of its political leaders …
Discussion: The Atlantic Online and WorldViews
momentoftruthproject.org:
BOWLES STATEMENT ON SPEAKER BOEHNER'S LETTER TO THE PRESIDENT  —  While I'm flattered the Speaker would call something “the Bowles plan,” the approach outlined in the letter Speaker Boehner sent to the President does not represent the Simpson-Bowles plan, nor is it the Bowles plan.
 
 
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 More Items: 
Patrick Temple-West / Reuters:
IRS aims to clarify investment income tax under healthcare law
Wall Street Journal:
Bureaucratic Battle Blunted Libya Attack ‘Talking Points’
Discussion: emptywheel
Politico:
The Rubio, Ryan makeovers
Lee Enterprises / Associated Press:
Brewer out of state; aide won't provide details
Discussion: Politico and Post Politics
Sen. John Kerry / The Huffington Post:
24 Hours to Decide  —  Watching cable television you might …
Ed O'Keefe / 2chambers:
When Barney Frank announced he was ‘coming out of the room’ (er... the closet)
Discussion: Advocate
 Earlier Items: 
Annie-Rose Strasser / ThinkProgress:
NEWS FLASH  —  ONE QUARTER OF REPUBLICANS WANT TO SECEDE |
Discussion: Firedoglake and Prairie Weather
Paul Krugman:
It's Health Care Costs, Stupid
Discussion: Prairie Weather and Eschaton
Andrew Malcolm / Investor's Business Daily:
As Americans face a fiscal cliff, the Obamas make do with 54 Christmas trees
 

 
From Mediagazer:

Charlotte Tobitt / Press Gazette:
Ofcom rules that five GB News programs presented by Conservative politicians have broken its due impartiality rules and puts the channel “on notice”

Benjamin Mullin / New York Times:
Authentic Brands licenses Sports Illustrated's publishing rights to The Players' Tribune owner Minute Media for 10 years, with plans to keep the print edition

Patrick Frater / Variety:
Tencent Music reports Q4 revenue down 7% YoY to $971M and a $198M profit; in 2023, paying subscribers rose 21% YoY to 107M and net profit rose 36% YoY to $735M

 
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